Aboitiz-led Union Bank of the Philippines (UnionBank) is unfazed by the ongoing crisis spawned by the Iran war and is confident it will continue to deliver sustainable growth this year. “We entered 2026 on solid foundations with a clear focus on sustainable growth and improved shareholder...
State-owned Development Bank of the Philippines (DBP) has been recognized by its regulator for its adherence to good corporate governance and by an international organization for its sustainability programs, a top official said. DBP President and CEO, Michael O. de Jesus, said the Bank was hailed...
Concessional financing extended by the Asian Development Bank (ADB) to the Philippines, its host country, in 2025 ranked second largest among the multilateral lender’s developing member countries (DMCs), reaching $4.25 billion or over ₱256 billion. The Manila-based ADB’s 2025 annual report,...
Vice President Sara Duterte on Thursday, April 23, dismissed long-standing allegations linking her to supposed billions in undisclosed bank accounts, calling them recycled claims amplified by political forces. In a statement, Duterte directly addressed accusations repeatedly raised by Antonio...
While Asian currencies have been on a modest decline since Middle East tensions flared up, Japanese financial giant MUFG Bank Ltd. said the Philippine peso was the biggest loser among regional currencies, given the domestic economy’s high exposure to imported oil. Separately, think tank Capital...
Metropolitan Bank & Trust Co. (Metrobank), the country’s second-largest private lender, doubled its daily transaction limit for InstaPay transfers to ₱100,000, effective April 22, as the industry races to capture a larger share of the country’s burgeoning digital payments market. In a...
Asian Development Bank (ADB) President Masato Kanda announced on Wednesday, April 22, his intention to seek a full five-year term as head of the Manila-based lender, positioning himself to steer the institution through a period of heightened geopolitical volatility and climate-driven economic...
The Caloocan City government opened on Tuesday, April 21, a “Human Milk Bank” at the Caloocan City Medical Center (CCMC) to support premature and medically fragile infants. According to the city’s Public Information Office, the facility aims to provide free and safe breast milk to babies in...
Ayala-led Bank of the Philippine Islands (BPI) is teaming up with The Walt Disney Co. to launch a series of themed financial products and travel perks, the first time a Philippine lender has integrated multiple Disney business segments into its consumer offerings. The BPI-Disney collaboration,...
Bank of the Philippine Islands (BPI) is bracing for the fallout from escalating Middle East tensions, weighing the impact of the Iran conflict on regional remittances and global supply chains even as the lender reported record first-quarter earnings. Jaime Augusto Zobel de Ayala, BPI chairman,...
President Marcos’ chief economic manager is pressing global financial institutions for enhanced budgetary support and emergency financing, warning that escalating Middle East tensions and climate-driven crises are severely narrowing the fiscal maneuvering room for emerging economies. Speaking at...
Six multilateral development banks (MDBs) have launched a coordinated push to develop critical mineral value chains, seeking to move resource-rich economies beyond raw material exports and into higher-value manufacturing as part of efforts to strengthen supply chain resilience. In an April 17 joint...
