Security Bank Corporation posted a 66 percent jump in net income to P2.7 billion in the first quarter of 2022, driven by growth in core businesses, lower credit provisions and normalized income tax provisions. In a disclosure to the Philippine Stock Exchange, the bank noted that, 2021 tax...
The Covid-19 crisis has exacerbated the tourism industry’s pre-pandemic structural challenges, the latest report by the Asian Development Bank (ADB) revealed on Friday, May 13. In an ADB report entitled “Supporting Post Covid-19 Economic Recovery in Southeast Asia,” the Manila-based lender...
Philippine National Bank registered a 57 percent jump in net income for the first quarter of 2022 to P2.81 billion from the P1.79 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said this is primarily due to improved net interest income and...
Palestinians hold posters displaying veteran Al Jazeera journalist Shireen Abu Aqleh, who was shot dead as she covered a raid on the West Bank's Jenin refugee camp on May 11, 2022, in the West Bank city of Hebron. The poster reads in Arabic, "the Martyrdom of Journalists Shireen Abu Aqleh". HAZEM...
In a bid to save lives, AstraZeneca Philippines has signed an agreement with Security Bank Corporation and SB Finance to provide cancer patients with easier funding options for diagnostics and long-term treatment. In a statement, Security Bank said the Cancer Care Ecosystem Funding Partnership is...
China Banking Corporation (China Bank) reported a 37 percent jump in net profits to P4.9 billion in the first quarter of 2022 from P3.6 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said the improved profitability, driven by sustained core business...
The Export Import Bank of Korea-Economic Development and Cooperation Fund (KEXIM-EDCF) has sealed a loan to the Philippines to finance the engineering services for the Panay-Guimaras-Negros Island bridges project. In a statement, the Department of Finance (DOF) said that the Philippines and Korea...
Philippine Bank of Communications (PBCOM) reported a 34.6 percent growth in consolidated net income last year to P1.57 billion, the highest since the entry of the Lucio Co Group in 2014. In a disclosure to the Philippine Stock Exchange, the bank said the increase in net income came on the back of...
Paymaya recently rebranded itself short, simple and sweet as "Maya" in a bid to go beyond payments and become an all-in-one money app for consumers and enterprises - “everything and a bank”. PayMaya rebrands as Maya Maya's rebranding came after Voyager Innovations, mothership of both PayMaya...
State-owned Development Bank of the Philippines (DBP) is set to launch the fourth batch of scholars under its flagship corporate social responsibility (CSR) initiative, the DBP Resources for Inclusive and Sustainable Education (RISE) scholarship program, a top official said. DBP President and Chief...
The Duterte administration has sealed 22 loan agreements with the World Bank Group (WBG) in the past five-years, bulk of which were used to help finance to country’s war chest against the Covid-19 pandemic, the Department of Finance (DOF) reported. In a statement on Monday, April 25, Finance...
Bank of the Philippine Islands reported a 59.6 percent jump in net income to P8.0 billion for the first quarter of 2022 compared to the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said its strong performance was attributable to higher net interest income, lower...
