Security Bank has successfully raised P14.6 billion with the issuance of its Fixed Rate Peso Corporate Bonds at 5.3 percent per annum, with a tenor of 1.5 years due 2024. In a statement, Security Bank said that, due to strong demand for the bonds, it exercised the oversubscription option and...
Climate change in the Philippines will continue and accelerate, which poses major risks for the nation’s long-term development, the World Bank warned. Based on the World Bank’s report on Wednesday, Nov. 9, climate change could hamper the country’s ambition of becoming a high-income country by...
The prolonged pandemic has set back the fight against poverty in Asia and the Pacific by at least two years, saying the region will likely find it harder than before to escape poverty, a report by the Asian Development Bank (ADB) revealed. According to ADB’s Key Indicators for Asia and the...
The Federation of Free Farmers (FFF) asked President and concurrent Agriculture Secretary Ferdinand R. Marcos, Jr. to order Land Bank of the Philippines (LBP) to release P1 billion from the Rice Farmers Financial Assistance (RFFA) program to rice farmers. In a statement, FFF said the amount should...
Metropolitan Bank & Trust Co. (Metrobank) was named by LinkedIn this year as the best bank for job seekers aiming to enter the banking and finance industry. The Bank secured the fourth spot among all Philippine employers in LinkedIn’s recently released 2022 Top Companies List for the...
MARAWI CITY – The Amai Pakpak Medical Center (APMC) and Eye Bank Foundation of the Philippines signed a memorandum of agreement for the establishment of a cornea retrieval center Wednesday, Aug. 17. HOSPITAL and Eye Bank officials at the signing of the agreement. (Bonita L. Ermac) The center at...
Security Bank Corporation doubled its net income to P6.2 billion in the first half of 2022, driven by growth in core businesses, lower credit provisions and normalized income tax provisions. “We are very pleased by the continued improvement in our core businesses. Our growth in loans and...
Philippine National Bank reported a 50 percent drop in net income to P11.1 billion in the first half of 2022 from the P22.1 billion posted in the same period last year which had included a substantial non-recurrring gain. In a disclosure to the Philippine Stock Exchange, the bank said it recognized...
State-owned Land Bank of the Philippines remained the largest lender to the agriculture sector, the Department of Finance (DOF) announced. In a statement on Friday, Aug. 12, Finance Secretary Benjamin E. Diokno said that Landbank, the country’s second largest bank in terms of assets, has a total...
CAMP GEN. VICENTE LIM, Calamba City, Laguna – Two Nigerians and their Filipina cohort were arrested for alleged involvement in bank fraud in Barangay Nueva, San Pedro City, Laguna, Wednesday, August 10. The Police Regional Office 4-A identified the suspects as Samuel Nomso Esomchi, 42, of...
The World Bank is eager on supporting the government’s bid to digitalize services and modernize the bureaucracy, the Department of Finance (DOF) said. In a statement Thursday, Aug. 11, Finance Secretary Benjamin E. Diokno said the Washington-based multilateral institution was willing to extend...
SAN PEDRO CITY, Laguna – Authorities arrested three suspects who are allegedly involved in bank fraud on Wednesday, Aug. 10. The San Pedro City Police Station (CPS) identified the suspects as Gladys Rias Francisco and Nigerian nationals Samuel Nomso Esomchi and Taye John Bamidele. (SAN PEDRO...
