The Philippines is the World Bank's fifth-biggest borrower for the second-straight year, coinciding with the first two years in office of President Ferdinand R. Marcos Jr. The World Bank's latest Annual Report disclosed on Oct. 18 showed that in fiscal year 2024 covering the period July 1, 2023 to...
BPI Head of Sustainability Office Jo Ann B. Eala, BPI Head of Public Affairs and Communications Maria Elena R. Torrijos, Manila Bulletin Business Development Manager Jordan Tan, and MB Sustainability Forum Project Lead Philip Cu Unjieng The Bank of the Philippine Islands, widely known as BPI, a...
BY DERCO ROSAL German financial services giant Deutsche Bank expects the Bangko Sentral ng Pilipinas (BSP) to continue easing gradually but warns that the US presidential election and trade policy changes could delay further rate cuts. “A key risk to our view is the US presidential election and...
Amid favorable conditions for long-term investments, the wealth-management arm of Ayala-led Bank of the Philippine Islands (BPI) will roll out before this year ends a new mutual fund eyeing young and tech-savvy investors. BPI Wealth personal wealth head Irene Ang told a press briefing on Friday,...
Financial markets in the Philippines and the broader Asia-Pacific region stand to benefit from downward interest rates in the United States, although risks from a "benign" US economy may temper gains, according to a World Bank economist. "So far, the decline in interest rates in advanced...
Philippine Bank of Communications (PBCom), tycoon Lucio Co’s banking arm, has ended its P2 billion maiden Peso bond offering ahead of schedule, closing more than a week early due to robust investor demand. Initially set to run from October 14 to October 28, the offering attracted strong interest...
Incomes of Filipino farmers and fisherfolk have climbed, thanks to a World Bank-financed project of the Department of Agriculture (DA). In an Oct. 16 implementation status and results report, the Washington-based multilateral lender said the DA's Rural Development Project has so far jacked up the...
Asia United Bank (AUB) reported a 41 percent jump in consolidated net income to a record P8.6 billion in the first nine months of the year from P6.1 billion in the same period of 2023 due to higher revenues and lower loan loss provisions. In a disclosure to the Philippine Stock Exchange, the bank...
Philippine National Bank (PNB) has successfully returned to the international debt markets and raised $300 million through a benchmark-sized Sustainability Regulation S offering of 5-year senior notes under its $2 billion Euro Medium Term Note programme. In a disclosure to the Philippine Stock...
Zobel-led Bank of the Philippine Islands reported a 24.3 percent growth in net income to a record P48 billion in the first nine months of 2024 from P38.6 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said earnings growth was driven by robust...
Despite delays due to budget cuts, the World Bank has lauded the implementation of its one-decade-old financing for a local community poverty-reduction program of the Department of Social Welfare and Development (DSWD). Referring to its loans for the DSWD's National Community-Driven Development...
As natural disasters displace Filipinos the most compared to their neighbors in the region, multilateral lenders enjoin quick aid and response to calamity victims to prevent them from sliding into poverty. "The Philippines is, by far, the country most affected in Southeast Asia, with nearly 43...
