Ayala-owned Bank of the Philippine Islands (BPI) reported a 26.4 percent increase in net income to P38.6 billion in the first nine months of 2023 from P30.5 billion in the same period last year due to sustained loan and margin growth. In a disclosure to the Philippine Stock Exchange (PSE), the...
The International Finance Corporation (IFC), which serves as the World Bank Group’s (WBG) private sector investment arm, lauded the Philippines’ new and improved policy framework for public-private partnerships (PPPs). In a meeting with Finance Secretary Benjamin E. Diokno, IFC Regional Vice...
The Bank of the Philippine Islands (BPI) has issued its 1.5-year fixed-rate bonds worth P5 billion as part of its P100 billion bond program. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the net proceeds of the sale will be used for “general corporate purposes” and...
Israel, Palestine, the militant organization Hamas, and Gaza have recently been making the headlines as war in the middle eastern part of Asia broke out. For some who are not yet familiar with what's happening in the conflict, it may be confusing to know what is what or which is which. So here is...
State-owned Development Bank of the Philippines (DBP) has granted a P375-million loan to the Puerto Princesa City Water District (PPCWD) to improve its services and address the needs of the city's growing population. DBP President and CEO Michael O. de Jesus (second from left) is shown during...
Security Bank Corporation, a member of the Asia Transition Finance (ATF) Study Group, reported the release of the ATF Annual Report 2023 which aims to help Asian economies move toward net-zero. The ATF Study Group, a private-led initiative whose core participants are banks with operations in Asia,...
Albay 2nd district Rep. Joey Salceda (Rep. Salceda's office) The relief request by the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) from the Central Bank for infusions to the Maharlika Investment Fund (MIF) is nothing to...
The most recent figures out of a Bangko Sentral ng Pilipinas (BSP) study show that the rate of bank account ownership soared to 56 percent in 2021 from a mere 29 percent in 2019, which means the number of underserved Filipinos dropped to 34.3 million (representing 44 percent of the total population...
The Bangko Sentral ng Pilipinas (BSP) has approved the request of Union Bank of the Philippines (UnionBank) for additional equity investment of up to P900 million in wholly owned subsidiary UnionDigital Bank Inc. In a disclosure to the Philippine Stock Exchange (PSE), UnionBank said the BSP...
Local share prices plunged after the government reported that consumer prices surged in September. The main index fell 119.60 points or 1.90 percent to close at 6,178.60 as the Property sector led all sub indices in their retreat. A total of 676 million shares worth P5.43 billion changed...
Gokongwei-owned Cebu Pacific, through its finance partner MUFG Bank Ltd., has signed a 12-year Japanese Operating Lease with Call Option (JOLCO) worth $123 million. This is the first time the local airline has “returned to the financing market via a JOLCO structure since the pandemic,”...
The PSEi managed to eke out a marginal gain after bargain hunters lifted it out of negative territory. The main index inched up by 1.46 points or 0.02 percent to close at 6,305.99 with sectoral indices evenly divided. Volume improved to 856 million shares worth P5.94 billion as losers...
