The Bank of the Philippine Islands (BPI) announced that it will shorten the offer period for its 1.5 year peso fixed-rate bonds worth P5 billion issued last Oct. 17 due to strong demand. In a disclosure to the Philippine Stock Exchange (PSE), the bond sale due 2025 will now end on Oct. 25,...
The Department of Education (DepEd) and The World Bank Group discussed possible partnerships to help improve the quality of education in the country. (Photo from Official Facebook Page of Inday Sara Duterte) On her official Facebook page, Vice President and Education Secretary Sara Duterte...
The Singapore-based holding firm of Atlantic, Gulf & Pacific Company (AG&P) has reshuffled its top management after the departure of its former Chief Executive Joseph Sigelman, following an internal investigation due to alleged mismanagement concerns in the company. AG&P announced that...
Ayala-owned Bank of the Philippine Islands (BPI) reported a 26.4 percent increase in net income to P38.6 billion in the first nine months of 2023 from P30.5 billion in the same period last year due to sustained loan and margin growth. In a disclosure to the Philippine Stock Exchange (PSE), the...
The International Finance Corporation (IFC), which serves as the World Bank Group’s (WBG) private sector investment arm, lauded the Philippines’ new and improved policy framework for public-private partnerships (PPPs). In a meeting with Finance Secretary Benjamin E. Diokno, IFC Regional Vice...
The Bank of the Philippine Islands (BPI) has issued its 1.5-year fixed-rate bonds worth P5 billion as part of its P100 billion bond program. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the net proceeds of the sale will be used for “general corporate purposes” and...
Israel, Palestine, the militant organization Hamas, and Gaza have recently been making the headlines as war in the middle eastern part of Asia broke out. For some who are not yet familiar with what's happening in the conflict, it may be confusing to know what is what or which is which. So here is...
State-owned Development Bank of the Philippines (DBP) has granted a P375-million loan to the Puerto Princesa City Water District (PPCWD) to improve its services and address the needs of the city's growing population. DBP President and CEO Michael O. de Jesus (second from left) is shown during...
Security Bank Corporation, a member of the Asia Transition Finance (ATF) Study Group, reported the release of the ATF Annual Report 2023 which aims to help Asian economies move toward net-zero. The ATF Study Group, a private-led initiative whose core participants are banks with operations in Asia,...
Albay 2nd district Rep. Joey Salceda (Rep. Salceda's office) The relief request by the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) from the Central Bank for infusions to the Maharlika Investment Fund (MIF) is nothing to...
The most recent figures out of a Bangko Sentral ng Pilipinas (BSP) study show that the rate of bank account ownership soared to 56 percent in 2021 from a mere 29 percent in 2019, which means the number of underserved Filipinos dropped to 34.3 million (representing 44 percent of the total population...
The Bangko Sentral ng Pilipinas (BSP) has approved the request of Union Bank of the Philippines (UnionBank) for additional equity investment of up to P900 million in wholly owned subsidiary UnionDigital Bank Inc. In a disclosure to the Philippine Stock Exchange (PSE), UnionBank said the BSP...
