High fuel costs driven by geopolitical conflict in the Middle East hammered the Philippine labor market in March, forcing hundreds of thousands of agricultural and manual workers out of job as operating expenses became untenable. Philippine Statistics Authority (PSA) Undersecretary and National...
SM Investments Corp. (SMIC), the conglomerate controlled by the Philippines’ wealthiest family, is pushing ahead with a multi-billion-dollar reclamation project despite geopolitical headwinds in the Middle East, even as its banking unit opts for a “wait-and-see” approach on liquidating...
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...
China Banking Corp. (Chinabank), the second financial services unit of the SM Group, posted a four-percent improvement in net income to ₱6.8 billion in the first quarter of 2026 on the back of strong core business growth. The firm reported to the Philippine Stock Exchange (PSE) on Thursday, April...
Private sector economists are split over whether the Bangko Sentral ng Pilipinas (BSP) will raise interest rates this week, as the need to anchor inflation expectations and defend the peso battles concerns over the fragile economic recovery. Of 10 economists surveyed, five expect a 25-basis-point...
Moody’s Ratings affirmed the long-term deposit ratings of three major Philippine lenders, shifting its outlook on Security Bank Corp. to stable as capital pressures ease following the sharp slowdown in credit expansion. The global debt watcher kept the "Baa2" ratings—consistent with the...
China Banking Corporation will hold its Annual Meeting of Stockholders on April 16, 2026 (Thursday), at 4:00 PM in a hybrid format, allowing both in-person and remote participation. The in-person meeting will be held at the Penthouse, Chinabank Bldg., 8745 Paseo de Roxas corner Villar St., Makati...
China Banking Corporation has scheduled its Annual Meeting of Stockholders on April 16, 2026 (Thursday), at 4:00 PM in a hybrid format, allowing both in-person and remote participation. The in-person meeting will be held at the Penthouse, Chinabank Bldg., 8745 Paseo de Roxas corner Villar St.,...
China Banking Corp. (Chinabank), a member of the SM Group, reported that 2025 was another banner year, with core businesses boosting net income by 13 percent to a record ₱28 billion from the previous all-time high of ₱24.8 billion hit in 2024. This is the bank’s 11th consecutive year of...
China Banking Corp. (Chinabank), the lender co-controlled by the Sy and Dee families, sustained its income growth, posting a 10 percent rise in consolidated profits to ₱20.2 billion in the first nine months of the year. In a disclosure to the Philippine Stock Exchange, the bank stated that this...
Davao tycoon Dennis A. Uy’s PH Resorts Group Holdings Inc. (PHR) has already written-off its investments in its shelved Emerald Bay integrated casino-resort project in Mactan, which led to a ₱6.75-billion net loss for the first half of 2025. The firm informed the Philippine Stock Exchange (PSE)...
China Banking Corp. (Chinabank), a member of the SM Group, reported a 14-percent growth in net income to a record ₱13 billion in the first six months of 2025 over the same period last year on the back of strong core business growth. In a disclosure to the Philippine Stock Exchange (PSE), the bank...
