The Department of Finance (DOF) said that the World Bank Group (WBG) will assemble a team to assist the Philippines in enhancing its digital infrastructure, specifically its tax system. In a statement on Saturday, April 20, the DOF said that WBG President Ajay Banga expressed support for the...
The Philippines has received backing from the World Bank Group (WBG) for the government's digitalization initiative aimed at improving tax administration and other critical sectors, a Cabinet official said. Finance Secretary Ralph G. Recto said that the WBG has shown strong support for...
China Bank Savings (CBS) has moved up two notches in the Bangko Sentral ng Pilipinas’ 2023 ranking of thrift banks in the country in terms of total assets and is now the second largest in the industry. From fourth place in 2022, CBS said in a statement that it is now the second largest...
Businessman Alfredo Yao's Philippine Business Bank (PBB) reported a 39.1 percent jump in net income to P1.82 billion last year from the P1.31 billion earned in 2022 as core income reached P3.1 billion. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its pre-tax...
If you’re looking for a convenient way to shop online and avail of the best deals on banking products, you’re in luck. Starting February 12, 2024, Security Bank and Lazada will offer an exclusive opportunity to access the Bank’s suite of award-winning Credit Card, Deposit, Home Loan, and Auto...
President Ferdinand "Bongbong" Marcos Jr. (Noel Pabalate/ MANILA BULLETIN) Here's a bold suggestion to President Marcos on the heels of his triumphant participation in the trilateral summit with United States (US) President Joe Biden and Japan Prime...
BDO NETWORK BANK, INC. will be conducting its annual meeting of stockholders on May 2, 2024, Thursday at 11:00 AM in hybrid format (a combination of in-person and remote attendance). A copy of the official announcement published in Manila Bulletin broadsheet is shown below:...
Security Bank Corporation and Mitsubishi Motors Corporation have formed a joint venture firm Mitsubishi Motors Finance Philippines Inc. to offer financing services to Mitsubishi customers amid a rapidly expanding domestic car market. In a disclosure to the Philippine Stock Exchange (PSE),...
BDO NETWORK BANK, INC. will be holding its annual meeting of stockholders on May 2, 2024, Thursday at 11:00 AM in hybrid format (a combination of in-person and remote attendance). A copy of the official announcement published in Manila Bulletin broadsheet is shown below:
State-owned Development Bank of the Philippines (DBP) is actively engaging several state corporations based in Central Luzon in a bid to expand its services to priority clientele especially those outside of its traditional market and city centers, a top official said. DBP President and Chief...
As an integral part of the inaugural dialogue on the Asia Zero Emission Community (AZEC) underpinned by the Japanese and Philippine governments, the Japan Bank for International Cooperation (JBIC) has signed a preliminary deal with three Philippine conglomerates for the development of projects...
BANGKOK — Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5% this year from 5.1% in 2023, the World Bank said in a report released Monday. Debt, trade barriers and policy uncertainties are dulling the region's economic dynamism and...
