Pru Life UK, a London-based international life insurance company, is set to be the first Takaful operator in the Philippines, as the insurer’s executives confirmed it will launch the product next month, April 2025. Speaking to reporters during a roundtable discussion on Monday, March 24, Pru Life...
From left, Sumitomo Mitsui Banking Corporation (SMBC) Manila Branch Executive Director and Head of Corporate Banking Ruben Victa, Ayala Corporation Treasurer Estelito C. Biacora, SMBC Country Head and Managing Director Yasushi Iwata, Ayala Corporation Chief Finance Officer Alberto M. de Larrazabal,...
China Banking Corporation will be conducting an annual meeting of stockholders on April 24, 2025, Thursday, at 4:00 PM, in-person and remote attendance. A copy of the official announcement published in Manila Bulletin broadsheet is shown below:
China Banking Corporation will be holding an annual meeting of stockholders on April 24, 2025, Thursday, at 4:00 PM, in-person and remote attendance. A copy of the official announcement published in Manila Bulletin broadsheet is shown below:
Zobel-led Ayala Corp., the country’s oldest conglomerate, is raising up to ₱31.5 billion through the issuance of preferred shares and Samurai loans from two Japanese banks to fund the expansion of its diversified businesses. In a disclosure to the Philippine Stock Exchange, the firm said...
Amid declining casino revenues, Razon-led Bloomberry Resort Corp., owner and operator of the two Solaire and the Jeju Sun integrated resorts, is rolling its dice in the online gaming table. Sharing its online gaming plan with stock analysts, Bloomberry said it will fully launch its online gaming...
China Banking Corporation (Chinabank) reported a 13 percent growth in net income to an all-time high of ₱24.8 billion last year due to the sustained strength of its core businesses. In a disclosure to the Philippine Stock Exchange, the bank said its 2024 profit translated to a return on equity of...
The Yuchengco Group’s Rizal Commercial Banking Corporation (RCBC) reported a 22 percent drop in net income to ₱9.5 billion last year from the record-high ₱12.2 billion earned in 2023, which had included non-recurring gains. In a disclosure to the Philippine Stock Exchange, the bank said its...
Zobel-led property giant Ayala Land Inc. (ALI) is raising ₱75 billion to partly fund its capital expenditures amounting to ₱95 billion in 2025, while infusing ₱20.99 billion worth of mall, office, and hotel assets into real estate investment trust unit AREIT Inc. ALI President Anna Ma....
Digital-only commercial bank CIMB Bank Philippines has set its sights on processing up to ₱500-million worth of monthly transactions with its brand-new product, CIMB Pay, this year. Speaking to reporters last Monday, Feb. 17, CIMB Philippines CEO Vijay Manoharan said the digital bank’s monthly...
East West Banking Corporation (EastWest) of the Gotianun Group reported its highest-ever net income of ₱7.6 billion last year, a 25 percent increase from 2023 earnings, driven by strong consumer loan expansion and robust deposit generation. In a disclosure to the Philippine Stock Exchange, the...
The Ayala Group continues to dispose of non-core businesses with the sale of its telehealth provider KonsultaMD to Metro Pacific Health Tech Corporation (mWell) so it can better focus on more promising endeavors. The move comes after the sale of a portion of its stake in GCash to Mitsubishi and the...
