BSP: Timely, broader vaccination to prevent deeper economic scars
The timely and extensive access to vaccines is crucial in preventing deeper economic scars, boosting demand and shoring up confidence amid the emergence of COVID-19 variants in the country, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said......»»
BPI nets P6.8 billion in Q2, most since pandemic
Bank of the Philippine Islands booked a net income of P6.8 billion in the second quarter, the highest since the start of the COVID-19 pandemic......»»
Atlas Mining swings to P1.9 billion profit in H1
Atlas Consolidated Mining and Development Corp. posted a net income of P1.94 billion in the first half of the year, a turnaround from its P190 million net loss in the same period last year......»»
IFC makes $150 million investment in UnionBank’s first social bonds
The International Finance Corp. is investing $150 million in the first social bond to be issued by Aboitiz-led Union Bank of the Philippines to help micro, small and medium-sized enterprises severely affected by the COVID-19 pandemic......»»
ALI market cap jumps 14-fold to over P500 billion
Ayala Land Inc. saw a near 14-fold increase in its market capitalization to over P500 billion from P42 billion in 1991 when it made its debut at the Philippine Stock Exchange......»»
PSEi retreats for 3rd week as quarantine tightened measures
The main stock index immediately cut short its rally, ending lower for a third straight week, as the government decided to tighten quarantine measures anew to curb the rapid spread of the more infectious COVID Delta variant......»»
BDO Securities cautiously optimistic amid virus risks
Despite the improved pace of vaccination for COVID-19, BDO Securities still sees risks that may derail the local stock market’s recovery......»»
Trading platform for digital assets launched in Bataan
A unit of the DFNN Group recently launched a trading platform for digital assets, including cryptocurrencies, at the Freeport Area of Bataan......»»
Smart rolls out more free WiFi
Smart Communications Inc. is bringing free WiFi connectivity to more communities in the country as it expands its Barangay Connect program......»»
Financial consumer protection law pushed as complaints hit 12,000
The Bangko Sentral ng Pilipinas is pushing for the enactment of a law that aims to enhance consumer protection as the number of complaints continues to grow amid the complexity of financial products and services as well as the increased adoption of digitalization in the country......»»
Presidential promise
There are at least three things that Filipinos are eagerly awaiting as of press time......»»
Rice inventory up 5.6% in June
The country’s rice inventory rose 5.6 percent in June after a decline in May, according to the Philippine Statistics Authority ......»»
DBP extends P700 million loan for new hospital
State-run Development Bank of the Philippines has extended a loan package worth more than P700 million to a private firm for the construction of a hospital in Quezon where bed capacity is lacking......»»
Regulator orders halt to Lyka operations
The Bangko Sentral ng Pilipinas has ordered social media platform Lyka to halt its operations until it secures a license from the BSP as an operator of payment system in order to protect public interest......»»
FPH starts vaccine rollout for employees, dependents
First Philippine Holdings Corp. has started the rollout of its COVID-19 vaccines for employees and dependents as part of the Lopez-led conglomerate’s program to help assure the health of its workforce and support government’s overall aim to achieve herd immunity against the dreaded virus......»»
Construction industry players gather to plot recovery plans
The local arm of Paris-based International Real Estate Federation is gearing up for its annual conference in Manila in October to recognize achievers among its members and at the same time plot their recovery plans......»»
Backed by IFC, UnionBank to issue Philippines second social bonds
Aboitiz-led Union Bank of the Philippines would sell “social” bonds to finance loans for small companies that were badly hit by the pandemic, with World Bank’s private sector arm investing in the planned issuance......»»
Premiere Horizon Alliance signs options agreement to access equity financing
Mining, tourism, and real estate company Premiere Horizon Alliance, which was recently purchased by Marvin Dela Cruz and friends, signed a “Put Option Agreement” with LDA Capital Limited (LDA)......»»
Filinvest REIT prices its IPO offer at P7.00 per share
The Gotaniun Family introduced Filinvest REIT to the market with a maximum price of P8.30/share, but telegraphed that they would likely discount the price......»»
BPI Q2 profit up 29% year-on-year
BPI posted a Q2/21 profit of P6.8 billion, up 29% from Q2/20 profit of P5.3 billion, and up 36% from Q1/21 profit of P5.0 billion......»»