Filipinos are the most alarmed in Asia about climate change, with more than four-fifths of respondents viewing it as a “very serious problem,” the highest share among the economies surveyed, according to the Manila-based multilateral lender Asian Development Bank (ADB). In an economics working...
Philippine Trust Company (PHILTRUST BANK) will hold its Annual Stockholders’ Meeting on May 26, 2026 (Tuesday) at 8:00 a.m. via remote communication. Stockholders who intend to participate in the meeting are requested to notify the Bank and submit the required documents, including the duly...
Philippine banks expect loan demand from Filipino entrepreneurs and households to remain steady in the second quarter of the year, according to the central bank, which said banks face a balancing act on lending rules amid the domestic spillover of the Middle East war. Results of the latest...
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...
The Philippines rolled out one of the most extensive policy responses in Asia-Pacific to cushion the impact of global oil price and supply shocks, even as the country recorded among the steepest increases in fuel prices in the region, according to the Manila-based Asian Development Bank (ADB). An...
The controlling faction of the Lopez family is calling for a formal government inquiry into “poison pill” provisions at First Gen Corp., alleging the measures protect the tenure of President and Chief Executive Officer Federico R. Lopez, at the expense of state pension funds and international...
The World Bank Group (WBG) has warned that the war in the Middle East is set to trigger the biggest energy price surge in four years, fueling inflation, slowing economic growth, and worsening food insecurity across developing economies. In an April 28 statement, the Washington-based multilateral...
Aboitiz Equity Ventures Inc. (AEV), the active portfolio manager of the Aboitiz Group, reported that its consolidated net income almost doubled to ₱6.3 billion in the first quarter of 2026 from the ₱3.2 billion earned in the same period last year. The firm informed the Philippine Stock Exchange...
The Philippines faces mounting economic and financial risks from climate change, with projected losses reaching as much as 13 percent of gross domestic product (GDP) by 2040 unless the country urgently scales up climate financing and aligns adaptation and mitigation efforts, according to state-run...
State-lender Land Bank of the Philippines (LBP) is expanding its response to the energy crisis through a coordinated package of fuel subsidies, commuter rebates, and low-interest loans, aiming to shield the transport and agriculture sectors from volatile global prices. Landbank said in a statement...
The World Bank has given its go-ahead to the $24.5-million Technical Assistance for Sustainable Agricultural Transformation (TASAT) program, which will complement the Philippines’ largest-ever single loan from the Washington-based multilateral lender aimed at diversifying the sector and moving...
Aboitiz-led Union Bank of the Philippines (UnionBank) reported a 167-percent surge in net income to ₱3.8 billion in the first quarter of 2026 despite some trading losses arising from market volatility associated with the Iran conflict. The bank noted that it continued the momentum that started in...
