Digital payments giant Visa plans to forge two more partnerships with traditional banks this year—adding to its newly launched collaboration with CIMB Bank Philippines—to help bridge the multi-billion-dollar funding gap for small and medium-sized enterprises (SMEs). “I’m hoping by the end...
Moody’s Ratings has affirmed the credit ratings of three of the Philippines ’ largest banks —BDO Unibank Inc., Bank of the Philippine Islands (BPI), and Metropolitan Bank & Trust Co. (Metrobank)—on the back of their solid capital positions, stable profitability, and strong liquidity, even...
The Manila-based multilateral lender Asian Development Bank (ADB) is urging its host country to ramp up nationwide mobile internet access to boost Filipino households ' wealth. "Our findings show that mobile internet access has a significant and positive impact on household wealth,...
Women in the Philippines are more at risk of losing their jobs due to the emergence of artificial intelligence (AI), according to the Washington-based multilateral lender World Bank. "In EAP [East Asia and Pacific], women, the more highly educated, and workers in commerce and trade sectors are more...
The board of executive directors of the Washington-based World Bank has approved the group ’ s new lending program, or so-called country partnership framework (CPF), for the Philippines covering the years 2026 to 2031, with a focus on boosting investment in education, health, job creation,...
The Department of Public Works and Highways (DPWH) and the Asian Development Bank (ADB) inspected the rehabilitation of a key highway and bridge project linking Zamboanga Sibugay and Zamboanga del Norte on Thursday, May 22. DPWH Secretary Manuel M. Bonoan and ADB Vice-President Scott Morris led...
Zobel-led Bank of the Philippine Islands has decided to end the offering of the BPI Supporting Inclusion, Nature, and Growth Bonds due 2026 (BPI SINAG Bonds) because of “strong and substantial demand.” In a disclosure to the Philippine Stock Exchange, the bank said its 1.5-year Peso-denominated...
The Philippine peso is seen to continue appreciating this year and into next year, amid expectations that the United States (US) dollar would remain weak for a longer time, according to the latest forecast of Singapore-based DBS Bank Ltd. In its latest foreign exchange (FX) quarterly report for the...
Zobel-led Bank of the Philippine Islands has priced its 1.5-year Peso-denominated fixed-rate BPI Supporting Inclusion, Nature, and Growth Bonds (the BPI SINAG Bonds), which is now (May 20, 2025) being offered to investors for the next 10 days (until May 30, 2025). The bonds have an aggregate...
In celebration of Safe Motherhood Week, the Mandaluyong City government showcased the establishment of human milk bank and pediatric hemodialysis unit built at the Mandaluyong City Medical Center (MCMC) on Monday, May 19. According to the City Health Department (CHD), MCMC is now an accredited...
The Ty family’s investment arm GT Capital Holdings, Inc. is confident of sustaining its positive momentum this year after reporting that its first quarter 2025 numbers already surpassed last year’s record performance. In a disclosure to the Philippine Stock Exchange, the firm said its core net...
Union Bank of the Philippines (UnionBank) and ATRAM Group (ATRAM) have appointed Deanno J. Basas as President of UnionBank Investment Management and Trust Corporation (UBIMTC) prior to its merger into ATR Asset Management, Inc. (AAMI). The bank said in a disclosure to the Philippine Stock Exchange...
