Philippine Bank of Communications (PBCOM) has partnered with Green Antz Builders Inc. as part of its ongoing campaign to be more environmentally conscious. In line with its #PBCOMgoesGREEN campaign, the Bank has started collecting plastic wastes from its employees and and these will be donated to...
Metropolitan Bank and Trust Company (Metrobank) has launched its Metro Multi-Themed Equity Fund of Funds that will allow investors to invest in the digital industry overseas. The bank noted that, “Over the last year, the COVID-19 pandemic has completely overhauled the way society use and maximize...
Security Bank Corporation (PSE: SECB) posted 46 percent drop in net profit to P3.1 billion in the first half of 2021 from the P5.7 billion reported for the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said its profit before tax was up 20 percent to P5.5 billion...
LT Group, Inc. (LTG) posted a 63 percent drop in attributable net income to P3.73 billion in the first half of 2021 from the P10.03 billion earned in the same period in 2020. In a disclosure to the Philippine Stock Exchange, the firm said “This is mainly due to the higher provisioning for credit...
The economy has returned into growth mode, posting a dramatic performance in the second-quarter as expected, but the country’s recovery is losing steam as the rapidly spreading Delta variant has forced the government to put the breaks on further reopening plans. 25245 The gross domestic product...
The Overseas Filipino Bank (OFBank) does not have to remit dividends from its 2016 earnings to the national government after President Duterte issued an order cutting its dividend rate. President Rodrigo Duterte (File photo/Malacañang) Under Executive Order No. 146, the President adjusted the...
In response to the learning crisis in the country, advocacy group Philippine Business for Education (PBEd) urged President Duterte to certify as urgent the Education Commission (EDCOM) Joint Resolution. (ALI VICOY / MANILA BULLETIN) “We are in a learning crisis unlike any other,” said PBEd...
Consumer prices rose at a slower pace last month, sliding back within the government’s target range for the first time this year, owing to easing price hikes for transportation, the Philippine Statistics Authority (PSA) reported. National Statistician Claire Dennis Mapa said Thursday, August 5,...
The Philippines is urged to adopt a cluster approach by leveraging on sectors where it has built competitiveness, redeployment of resources to growth sectors, and rethink skills development of its workforce, a World Bank official said. At the virtual "ThrivePH Session 3: Exploring Opportunities for...
Joint operatives from the Bureau of Immigration (BI) and National Bureau of Investigation (NBI) have arrested a South Korean national wanted in his own country for large scale fraud. (Photo from BI Facebook page) BI Commissioner Jaime Morente said 61-year-old Lee Sanghun was apprehended based on...
SM Investments Corporation (SMIC) reported a 183 percent jump in consolidated net income to P20.1 billion in the first half of 2021 from the P7.1 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues rose 4 percent to...
China Banking Corporation has been named by the Bangko Sentral ng Pilipinas (BSP) as an outstanding stakeholder. This is in recognition of the Bank’s strong support for the BSP’s programs and initiatives to build an inclusive and increasingly digital Philippine economy. China Bank Chairman Hans...
