The Philippine Red Cross (PRC) inaugurated the PRC-Laguna Chapter City of Santa Rosa, Laguna branch blood facility on Thursday, Feb. 20, further strengthening its humanitarian presence and blood services in the province. PHILIPPINE Red Cross Secretary General Dr. Gwen Pang, PRC...
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...
The Bank of the Philippine Islands (BPI) solidifies its position as a sustainability leader in the Asia Pacific, with a record 18 awards in 2024. This surpasses last year’s total of 14 and represents the bank’s highest recognition in three years. The accolades underscore BPI’s continued...
Ty-led Metropolitan Bank & Trust Co. (Metrobank) reported a 14 percent year-on-year increase in net income to a record ₱48.1 billion in 2024, driven by loan growth fueled by robust asset expansion and improving asset quality. In a disclosure to the Philippine Stock Exchange, the bank said...
MB NEWSMAKERS Top row, from left: Mylo Speech Buddy Founder Vincent Rocha, President of Bingo Plus Rafael Jasper Vicencio, President & CEO of HSBC Philippines Sandeep Uppal, Dr. Victor Erwin Jocson, Head of Star Magic PR (representing Bini) Thess Gubi, Co-Chairperson of Kawayan Collective...
Receiving the award is BPI’s Retail Loan and Bancassurance Head, Dexter Cuajotor (right), representing BPI’s commitment to innovation and creating meaningful impact for employees and customers alike. The Bank of the Philippine Islands (BPI), one of the Philippines’ largest banks, earned two...
Filipino workers need not worry about artificial intelligence (AI) immediately taking over their jobs as the World Bank reported that developing countries, including the Philippines, have lower exposure to AI disruptions. "For developing countries, and in particularly low-income countries, the...
San Miguel Corporation affiliate Bank of Commerce (BankCom) has upsized its peso bond offering by almost four times its original offer size due to strong demand from retail and institutional investors. In a disclosure to the Philippine Stock Exchange, the bank said it achieved its biggest peso bond...
State-owned Development Bank of the Philippines (DBP) has welcomed the newest member of its Board of Directors—Eddie Abel C. Dorotan, a seasoned banker with over 20 years of vast experience in the areas of investment banking, capital markets, as well as commercial and corporate banking. Before...
Asia United Bank (AUB) reported a 36 percent growth in consolidated net income to ₱ 11.3 billion last year from the ₱ 8.3 billion earned in 2023 due to double-digit growth in loan portfolio and a steady decline in loan loss provisions. In a disclosure to the Philippine Stock Exchange, the bank...
The Bank of the Philippine Islands (BPI) changed on Feb. 13 how its customers load their GCash and Maya accounts through its app. Instead of directly topping them up, they now have to use the "Transfer to Another Bank" option. This might seem like an extra step, and it also comes with an additional...
Ping Lacson (Mark Balmores/ MANILA BULLETIN) LAOAG CiTYTrue to his hardline stance against corruption, administration senatorial candidate Panfilo "Ping" Lacson he would file right out of the gate a measure that will help expose the ill-gotten...
