The stock market is seen to continue to be weighed down by the country’s COVID situation while investors will also be taking cues from the April inflation figure and corporate earnings announcements. “Next week, we still see a downward bias for the local market as we expect clouded economic...
Philippine National Bank, one of the country’s major banks, is ranked as the best company for professionals to growth their careers, according to the Linkedin’s 2021 Philippines Top Companies List. LinkedIn, the online professional network, published its list of the 2021 LinkedIn Top...
An administrative order implementing the Local Government Reform Project (LGRP) has been signed by President Duterte. President Duterte with Finance Secretary Carlos Dominguez III (File photo: Malacañang) In Administrative Order No. 40, the President created an Interagency Governing Board (IGB)...
Lucio Tan-led Philippine National Bank said its stockholders can expect to gain from its disposal of low-earning assets through their stake in PNB Holdings Corporation which will be listed at the Philippine Stock Exchange after being distributed as property dividends. At bank’s Annual...
Philippine National Bank (PNB) is planning to issue shares of its real estate subsidiary PNB Holdings Corporation as property dividends to make it eligible for listing by way of introduction. In a disclosure to the Philippine Stock Exchange, PNB said its Board of Directors has approved the...
Senator Emmanuel "Manny" Pacquiao has filed a bill to create a system by which the government and the private sector could work together in fighting involuntary hunger which has become more widespread because of the novel coronavirus disease (COVID-19) pandemic. Senator Emmanuel “Manny”...
Union Bank of the Philippines reported a 79 percent surge in net income to P4.7 billion in the first three months of 2021 from the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said first quarter earnings is also 53 percent higher than the last three months of...
Bank of the Philippine Islands posted a 21.7 percent drop in net income to P5.0 billion for the first quarter of 2021 although pre-tax income is higher by 5.1 percent. In a disclosure to the Philippine Stock Exchange, the bank said the drop is due to one-time tax adjustments in connection with...
China Bank Savings (CBS), the retail banking arm of China Banking Corporation (China Bank), has appointed James Christian T. Dee as its new Director and President effective April 15, 2021. In a statement, the bank said Dee has an extensive banking experience of more than 20 years, including...
As the only country in the world with a constraining deposits secrecy law, the Bangko Sentral ng Pilipinas (BSP) will request President Duterte to certify the proposed measures on Bank Secrecy Law as urgent, particularly the BSP’s version of the law as House Bill No. 8991. BSP Governor Benjamin...
Amid the prevalence of African Swine Fever (ASF), state-run lender Land Bank of the Philippines (LANDBANK) has doubled its credit commitment to the local swine industry from P15 billion to P30 billion. This, according to the bank, will help local pork producers and feed millers to repopulate and...
Banks have allocated P148 billion new loans to micro, small and medium enterprises (MSMEs) as of end-February as alternative compliance to the reserve requirements (RR) of the Bangko Sentral ng Pilipinas (BSP). As part of relief measures to cope with the effects of the COVID-19 pandemic, the BSP...
