The Bank of the Philippine Islands (BPI) announced the passing of its former president and chief executive officer, Xavier P. Loinaz, a figure who steered the institution through two decades of major economic turbulence and technological change. He was 81. Known as XP within the bank, Loinaz held...
As ornamental horticulture thrives across the Philippines and urban agriculture continues to turn idle spaces into sources of food and greenery, the country’s agriculture community came together for the second edition of Pagsibol: Philippine Horticulture and Urban Agriculture Summit, held at the...
BPI Wealth, the asset and wealth management arm of the Bank of the Philippine Islands (BPI), has passed the halfway mark to reach its ₱3 trillion asset under management (AUM) target by 2026. In an interview during the launch of the bank’s Wealth Wellness Month, BPI Wealth President and CEO...
The Bank of the Philippine Islands (BPI) has announced a standardized ₱15 service fee for all inter-institution cash-in transactions made via InstaPay, effective Oct. 1. In a statement, the Ayala-led bank said the new fee will apply to all cash-in transfers, including those sent to popular...
The Bureau of Plant Industry (BPI) will launch a revolutionary seed production program that will bring about change to barangays. The launching of the “Seed Production in the Barangay Movement” will be held on Monday, Sept. 22, 8:30 a.m. at the Multipurpose Hall, Bureau of Plant Industry,...
Aboitiz Renewables, Inc. (ARI) announced its Zambales solar power plant, which is nearing completion, has secured a financing deal with the Bank of the Philippine Islands (BPI). In a disclosure to the Philippine Stock Exchange on Friday, Sept. 12, ARI said that AP Renewable Energy Corp. has...
Ayala-led Bank of the Philippine Islands (BPI) expects the Bangko Sentral ng Pilipinas (BSP) to extend its easing cycle until the first quarter of 2026, after the widely expected two-quarter-point rate cuts by year-end, to stimulate growth as price pressures remain subdued. “We think there’s...
Coal power projects are strutting back, and the developers are swinging “the need for baseload demand” as their backstage pass to justify new projects. Even Energy Secretary Sharon Garin is waving the green flag for coal, signaling to the media that if moratorium-exempt projects clear the...
Expectations of further cuts in key borrowing costs as early as this month have grown stronger, driven by last month’s nearly six-year low inflation and lingering economic threats from United States (US) tariffs. Following the below one-percent headline print in July, private-sector economists...
Zobel-led Bank of the Philippine Islands (BPI) posted a 7.8 percent improvement in net income to ₱33 billion for the first half of 2025 from the ₱30.6 billion earned in the same period last year on strong growth in net interest income. In a disclosure to the Philippine Stock Exchange, the bank...
BPI Securities Corp. has downgraded its year-end target for the benchmark Philippine Stock Exchange index (PSEi) by 300 points or four percent to 7,300 due to the impact of United States (US) President Donald Trump’s unstable tariff policy on global markets, although the brokerage is more...
Ayala-led Bank of the Philippine Islands ' (BPI) supporting inclusion, nature, and growth (SINAG) bonds now hold the record as the largest peso bond issuance to date. In a listing ceremony on Tuesday, June 10, BPI SINAG bonds were officially listed on the Philippine Dealing & Exchange Corp....
