The Philippine economy is enjoying low inflation and accelerated growth amid a manufacturing rebound plus improved consumer spending in the second quarter of 2025, according to global investment banking giant Goldman Sachs. In an Aug. 1 report obtained by Manila Bulletin, Goldman Sachs Economics...
Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, is set to raise at least ₱2 billion from the issuance of peso-denominated fixed-rate bonds as part of its ongoing ₱40-billion bond program. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the...
Private-sector economists expect the Philippine economy to have expanded at a faster pace in the second quarter, compared to the first three months, driven by robust household consumption during the midterm election period, even amid external headwinds. The consensus growth forecast stands at 5.6...
After performing among the worst of Asian currencies last week, the Philippine peso is still expected by Japanese financial giant MUFG Bank Ltd. to gradually appreciate and return to the ₱56:$1 level next year. “All Asian currencies depreciated against the United States (US) dollar [last] week,...
The implementation of a World Bank loan aimed at repairing and rehabilitating disaster-damaged schools in nine regions outside Metro Manila is off to a good start, the Washington-based multilateral lender said. In a July 31 implementation status and results report, the World Bank said the overall...
Philippine Business Bank reported that its net income inched up three percent to ₱1.07 billion in the first half of 2025 from ₱1.03 billion in the same period last year as interest income rose despite stiffer competition and higher provisioning. In a disclosure to the Philippine Stock Exchange,...
Washington-based World Bank will be providing $700 million, or approximately ₱35 billion, worth of funding for the Philippines Community Resilience Project, which aims to strengthen resilience in vulnerable and poor areas. According to the multilateral lender, the project aims to cover 500...
Ayala-led Bank of the Philippine Islands (BPI) is opening an office in Singapore in October to serve high-net-worth Filipino clients who want to invest overseas. In an interview, BPI President Jose Teodoro K. Limcaoco said, “We 're opening an office to serve Filipino clients in the ASEAN...
Even with the threat of an influx of American cars into the local market, Security Bank Corporation believes its joint venture with Mitsubishi Motors Philippines Corporation (MMPC) can withstand the impacts of the zero tariff on United States (US)-made goods on the competitiveness of Japanese cars....
Metropolitan Bank & Trust Co. (Metrobank) of the Ty family booked a 5.1-percent improvement in net income to ₱24.8 billion in the first half of the year, from ₱23.6 billion in the same period of 2024, fueled by a surge in non-interest earnings from fees and trading and foreign exchange (forex)...
MONTREAL (AP) — Genie Bouchard didn’t look like a player limping into retirement. You’d be forgiven for thinking she was still in her prime. On center court in her hometown, Bouchard delivered a thrilling performance — and a heartfelt goodbye to tennis — with a hard-fought loss in her...
Changing affiliations, more popularly known as “rigodon,” is a common occurrence in both banking and journalism. This traditional formal dance, also called the “Rigodon de Honor,” evolved from dances brought to the Pacific Islands by Spanish settlers in the 16th century. Research shows that...
