Japan Credit Rating Agency Ltd. (JCR) reinforced the investment-grade profile of Aboitiz Equity Ventures Inc. (AEV), the active portfolio manager of the Aboitiz Group, by assigning it an “A-” foreign currency long-term issuer rating with a “stable” outlook. In a statement last Tuesday, May...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. has urged banks to continue strengthening governance, transparency, and internal controls, saying these safeguards become most critical during periods of economic and financial uncertainty. Speaking during the inaugural Corporate...
The research arm of German lender Deutsche Bank expects the Bangko Sentral ng Pilipinas (BSP) to deliver bigger interest rate hikes than previously anticipated as inflation risks intensify, while also lowering its economic growth forecasts for the Philippines amid mounting external pressures and...
The interagency Financial Stability Coordination Council (FSCC) has flagged rising risks to the Philippine financial system stemming from the prolonged war in the Middle East, increasing corporate vulnerabilities, and growing household debt, although officials said the country’s banking sector...
The Bangko Sentral ng Pilipinas (BSP) has amended the exposure limits for unit investment trust funds (UITFs), allowing funds invested in exchange-traded equities to take on larger exposure to a single entity or issuer under certain conditions. Under the BSP’s Circular No. 1234 signed by BSP...
Zobel-led Bank of the Philippine Islands (BPI) is aiming to reach 50 million customers, of which 20 million will be underbanked and underserved Filipinos, as part of its financial inclusion commitment. In a press conference, BPI Chief Finance Officer (CFO) and Chief Sustainability Officer Eric...
Social Security System (SSS) is preparing to launch an energy sustainability loan program in September to help qualified members finance residential solar panel systems amid elevated electricity costs. In a statement on Friday, May 22, SSS President and Chief Executive Officer (CEO) Robert Joseph...
Zobel-led Bank of the Philippine Islands (BPI) is weighing the debut issuance of blue or sustainability-linked bonds to fund water and marine projects, though heightened market volatility fueled by conflicts in the Middle East has clouded the timing for a 2026 launch. During the bank’s press...
Former Caloocan City Mayor Reynaldo Malonzo on Thursday, May 21, filed corruption charges before the Office of the Ombudsman (OMB) against Caloocan Third District Rep. Dean Asistio, a Department of Public Works and Highways (DPWH) district engineer, and six private contractors over alleged...
AREIT Inc. reported that its first-quarter bottom line surge as its aggressive expansion into regional markets outside Metro Manila began to pay off. The real estate investment trust backed by property heavyweight Ayala Land Inc. reported a 25 percent year-on-year increase in net income to ₱2.6...
Diversified engineering conglomerate DMCI Holdings Inc. expects mixed performance across its subsidiaries this year as geopolitical tensions in the Middle East and regulatory uncertainty surrounding its coal mining assets weigh on the group’s outlook. Speaking at the company’s annual...
DMCI Holdings Inc. reported a slight decline in first-quarter profit as weaker returns from its coal and water units tempered gains in its real estate and mining divisions. The engineering conglomerate controlled by the Consunji family said that consolidated net income fell two percent to ₱4.9...
