China Banking Corporation (China Bank) made it to the Financial Times' 2022 ranking of the top 500 high growth companies in the Asia Pacific region—the only bank among the 15 Philippine companies in the comprehensive list. The Asia-Pacific High-Growth Companies 2022, compiled by British newspaper...
Despite external risks, the Philippines’ recovery is expected to gain traction this year as pandemic restrictions eased, allowing for more economic activities, the Asian Development Bank (ADB) said. In the Asian Development Outlook 2022 report released on Wednesday, April 6, the Manila-based...
Union Bank sets SRO price at P64.81/ share By JAMES A. LOYOLA Union Bank of the Philippines has set the price for its P40-billion stock rights offering at P64.81 per share, close to the bottom of the indicative price range of P64.55 to P73.78 per share. In a disclosure to the Philippine Stock...
The World Bank has slightly downgraded the Philippines' gross domestic product (GDP) outlook for 2022 from 5.8 percent to 5.7 percent, falling further below the Duterte administration's target of seven to nine percent due to external risks. In its East Asia and Pacific Economic Update released...
Bank of Commerce (BankCom), the newly-listed affiliate of San Miguel Corporation (SMC), reported a seven-year high net income of P1.2 billion in 2021 from the P784 million it earned in 2020. In a disclosure to the Philippine Stock Exchange, the bank said the results reflect its resiliency amidst...
Senator Sherwin Gatchalian on Monday resounded the alarm over the negative impact of the prolonged school closures to a Filipino child’s learning skill as he pressed the need to open all schools for limited face-to-face classes and implement a learning recovery program. Gatchalian made the call...
NFT Art Union Bank of the Philippines (UnionBank), together with the non-profit Center for Art, New Ventures and Sustainable Development (CANVAS.PH), recently held a two-part webinar series centered around digital art in the age of non-fungible tokens (NFTs), to help artists, buyers, and collectors...
Construction of the three bridges funded by the the Asian Development Bank (ADB) will commence this second quarter or within the last three months of the Duterte administration, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III said the $175.1-million,...
GAZA/RAMALLAH, Palestine -- Thousands of Palestinians marked on Wednesday the 46th anniversary of Palestinian Land Day in the cities of the West Bank, East Jerusalem, and the Gaza Strip. Local Palestinian media outlets reported that the Palestinians commemorate the Land Day anniversary through...
Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC), successfully debuted at the Philippine Stock Exchange (PSE) with its share price closing at P12.22 each, 1.83 percent higher than its initial public offering price of P12.00. The bank raised P3.36 billion from its IPO which...
The Philippine Stock Exchange has approved Union Bank of the Philippines’ planned stock rights offering worth up to P40 billion. In a disclosure, the bank said the PSE has approved UBP’s application to list up to 800 million additional common shares to cover its stock rights offering to al...
