Global debt watcher Moody’s Ratings affirmed the investment-grade ratings of Ty-led Metropolitan Bank & Trust Co. (Metrobank), citing the bank’s strong capitalization, solid asset quality, and ample liquidity despite risks from elevated inflation, slowing economic growth, and heavier reliance...
Let’s get away from the telenovela drama of the Senate with its shifting power dynamics and lingering public doubt and growing dismay—as well as the choppy trend in the cost of crude oil per barrel in the international market and its trickle-down negative effects on our way of life. Not that it...
Zobel-led Bank of the Philippine Islands (BPI) is weighing the debut issuance of blue or sustainability-linked bonds to fund water and marine projects, though heightened market volatility fueled by conflicts in the Middle East has clouded the timing for a 2026 launch. During the bank’s press...
State-run Land Bank of the Philippines (Landbank) has cut its InstaPay transfer fee for person-to-person (P2P) transactions to ₱8 from ₱15 as it moves to lower the cost of everyday digital banking and expand access to cashless financial services. Taking effect on Thursday, May 21, the new fee...
The Philippine government has asked the World Bank to restructure and partially cancel over $2.34 million in unused proceeds from a Duterte-era loan supporting the country’s flagship Pantawid Pamilyang Pilipino Program (4Ps), even as the Washington-based multilateral lender cited the project’s...
Global debt watcher Moody’s Ratings affirmed the deposit ratings of the Philippines’ largest lenders—Sy-led BDO Unibank Inc. and Ayala-led Bank of the Philippine Islands (BPI)—citing their strong profitability, solid asset quality, and ample liquidity buffers. Both lenders maintained their...
Metropolitan Bank & Trust Co. (Metrobank), the country’s second-largest private lender by assets, has appointed insurance industry veteran Benedict C. Sison as an independent director to strengthen its board oversight and advance its corporate governance agenda. Sison becomes the fifth...
State-run Maharlika Investment Corp. (MIC), which manages the country’s first sovereign wealth fund (SWF), grew its total comprehensive income by 2.3 percent to ₱2.74 billion last year from ₱2.68 billion in 2024 as business income rose despite higher expenses. Based on MIC’s latest...
Razon-led International Container Terminal Services Inc. (ICTSI) has secured a $300-million loan from the Beijing-based Asian Infrastructure Investment Bank (AIIB) to support the expansion and upgrade of three container terminals across the Philippines. In a statement on Wednesday, May 20, ICTSI...
The Asian Development Bank (ADB) said multilateral development banks (MDBs) are coordinating efforts to help countries manage the economic fallout from the conflict in the Middle East through financing support, policy assistance, private-sector instruments, and technical expertise. In a statement...
The World Bank warned that the Philippines’ broad-based economic slowdown in the first quarter of 2026 could spill over into weaker household incomes and higher food prices as the country grapples with an escalating energy price shock triggered by tensions in the Middle East. In its latest...
Japanese financial giant MUFG Bank Ltd. revealed that the Philippine peso has emerged as the worst-performing currency in Asia since the flare-up of deepening military tensions between the United States (US) and Iran. According to data monitored by MUFG covering 11 Asian currencies, the peso has...
