Filipinos are likely to buy sports utility vehicles (SUVs) and house-and-lot properties when borrowing from domestic banks, according to Metropolitan Bank & Trust Co. (Metrobank), a trend that the lender intends to reinforce by offering perks for purchase of home and car accessories. “Filipino...
Samarkand, UZBEKISTAN — The Asian Development Bank (ADB) has launched a new financing facility to scale up investments in critical minerals-to-manufacturing value chains, as it pushes Asia-Pacific economies to move beyond raw material exports and into higher-value industries. The announcement was...
Signs of stagflation are surfacing in the Philippine economy as it enters the second quarter of 2026, with private sector economists warning of a precarious mix of stalled growth and surging consumer prices. The country’s economic output likely posted only a tepid recovery from the previous...
The World Bank has approved an $18.85-million grant to strengthen the Philippines’ pandemic response, as the country is considered a global hotspot for emerging infectious and zoonotic diseases. The Washington-based multilateral lender’s board approved last April 29 the investment project...
Philippine Trust Company (PHILTRUST BANK) will hold its Annual Stockholders’ Meeting on May 26, 2026 (Tuesday) at 8:00 a.m. via remote communication. Stockholders who intend to participate in the meeting are requested to notify the Bank and submit the required documents, including the duly...
Singapore-based DBS Bank Ltd. sees the Bangko Sentral ng Pilipinas (BSP) potentially calling another off-cycle policy meeting in May, where an interest rate hike may now be on the table, as war-driven pressures continue to weigh on the peso and raise the risk of elevated consumer prices staying...
Filipinos are the most alarmed in Asia about climate change, with more than four-fifths of respondents viewing it as a “very serious problem,” the highest share among the economies surveyed, according to the Manila-based multilateral lender Asian Development Bank (ADB). In an economics working...
Philippine Trust Company (PHILTRUST BANK) will hold its Annual Stockholders’ Meeting on May 26, 2026 (Tuesday) at 8:00 a.m. via remote communication. Stockholders who intend to participate in the meeting are requested to notify the Bank and submit the required documents, including the duly...
Philippine banks expect loan demand from Filipino entrepreneurs and households to remain steady in the second quarter of the year, according to the central bank, which said banks face a balancing act on lending rules amid the domestic spillover of the Middle East war. Results of the latest...
China Bank Savings (CBS) Inc. posted a record net income of ₱2.4 billion in 2025, marking a fourth consecutive year of growth driven by the 13 percent surge in its loan portfolio. In a statement, CBS reported that the retail arm of China Banking Corp. saw full-year earnings rise more than 10...
The Philippines rolled out one of the most extensive policy responses in Asia-Pacific to cushion the impact of global oil price and supply shocks, even as the country recorded among the steepest increases in fuel prices in the region, according to the Manila-based Asian Development Bank (ADB). An...
The controlling faction of the Lopez family is calling for a formal government inquiry into “poison pill” provisions at First Gen Corp., alleging the measures protect the tenure of President and Chief Executive Officer Federico R. Lopez, at the expense of state pension funds and international...
