BSP to issue licenses for four additional digital banks
The Bangko Sentral ng Pilipinas (BSP) has announced that it will begin accepting applications for new digital banks starting Jan. 1, 2025, following the lifting of a moratorium that has…
Metrobank achieves P23.6 billion net income in first half of 2024
Ty-led Metropolitan Bank & Trust Co. (Metrobank) announced a net income of P23.6 billion for the first semester of 2024. The Bank attributed this to asset expansion, stable margins, controlled…
UnionBank reports P5.1 billion net income in first half of 2024
Union Bank of the Philippines (UnionBank) posted a net income of P5.1 billion in the first half of 2024. The bank attributed this to its solid performance posting top-line revenues…
Globe eyes positive cash flow by 2025
Globe, a mobile operator in the Philippines, remains optimistic about achieving positive cash flow by 2025. The company continues to streamline its expenditures, aligning with a strategic plan to reduce…
IFC invests in City Savings Bank’s first social bond in the Philippines
International Finance Corp.’s (IFC) $100 million investment in City Savings Bank Inc. (CitySavings) has been used to issue social bonds, which is considered the first social bond issuance by a…
Ken Lerona: The unique advantage of ‘probinsyano’ perspective in business strategies
By JJ Ibarreta In the bustling business world, Ken Lerona, a seasoned public relations and marketing practitioner, stands out not only for his expertise but also for the unique journey…
Shell reports P1.4 billion net income for 2023
Shell Pilipinas Corp. (SPC) concluded 2023 with a net income of P1.4 billion, despite facing a challenging year marked by economic fluctuations and declining global fuel prices. The company’s marketing…
BSP survey shows uptick in agricultural loans
According to the 2022 Countryside Bank Survey (CBS) report released by the Bangko Sentral ng Pilipinas (BSP), the share of agriculture loans and services rose to 18.1% in 2022, with…
Metrobank reports 14.5% increase in Q1 net earnings
Metropolitan Bank & Trust Co. (Metrobank) posted a 14.5% rise in its net earnings for the first quarter of 2024 compared to the same period last year, reaching P12 billion.…
UnionBank introduces wealth management offerings
UnionBank of the Philippines (UnionBank) Wealth Management is intensifying its efforts to assist clients in expanding their wealth in 2024. Focusing on expert and global investment insights, the institution aims…
CHINT and LJ Industrial partner to offer smart energy solutions
CHINT, a global smart energy solutions provider, partnered with LJ Industrial Fabrication Inc., an electrical manufacturer and panel builder in the country, to extend access to cutting-edge smart energy technologies…
Globe’s diversified digital solutions drive 18% growth in non-telco revenues
The Globe Group has reported an 18% year-on-year growth in its non-telco revenues, reaching P4.9 billion in 2023 from P4.2 billion in 2022. This growth is attributed to the company’s…
Malayan Insurance partners with Atradius to expand trade credit insurance in PH
Malayan Insurance Co., a non-life insurer, will leverage its large client base to expand trade credit insurance (TC) policies to local and international businesses, in partnership with Atradius, a Dutch…
McKinsey sees growth in Philippine GDP this year
The Philippines’ economic growth trajectory continues into 2024, with forecasts projecting a steady expansion between 5% and 6% in GDP, according to global consulting firm McKinsey & Company. Factors contributing…
Metrobank raises $1 billion from international debt capital markets
Metrobank concluded its offering of dual-tranche, 5-year, and 10-year US dollar-denominated notes, raising a landmark $1 billion amid overwhelming demand. The 5-year and 10-year bonds were priced at 110 basis…
RELEX Solutions reports 42% subscription revenue growth in 2023
In 2023, RELEX Solutions, a unified supply chain and retail planning platform, reported a 42% year-over-year increase in subscription revenue for 2023, reaching a milestone in the fourth quarter (Q4)…
Japanese tech firm Sansan to hire 100 developers in Cebu expansion
Sansan Inc., a Japanese tech firm specializing in cloud-based solutions driving digital transformation, announces its expansion into larger premises for its Sansan Global Development Center Inc. in Cebu. As it…
OCS expands footprint with new HQ in the Philippines
OCS Philippines inaugurated its new office at SM Offices’ Mega Tower in Mandaluyong City, supported by Pronove Tai International Property Consultants as their Tenant Representative. Despite being a fresh presence…
IBPAP and SEIPI join forces to boost Philippine exports
The IT and Business Process Association of the Philippines (IBPAP) will be working with the Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) to help push Philippine exports.…
Metrobank’s 9-month profit up by 36%
Metropolitan Bank & Trust Co. (Metrobank) reported a 35.6% year-on-year increase, reaching P31.8 billion in net income for the nine months ending in September 2023. Metrobank attributes the income growth…
IDC: PC shipments continue to decline in third quarter
Preliminary data from the International Data Corp. (IDC), a market intelligence firm, reveals a decline in PC shipments in the third quarter of 2023. However, this downtrend comes after two…
LG to shift into smart life solutions company
LG Electronics (LG) has announced its plan to transform the company from a well-known home appliance brand into a “smart life solutions company.” This transformation aims to enhance customers’ experiences…
Lionsgate Play reveals new brand identity
Lionsgate Play’s revamped identity reinforces its principles of being daring, inclusive, thought-provoking, and empowering while promising a distinctive curated experience. The global entertainment brand, known for its premium content curation,…
Enstack holds biz competition with grand prize of P1 million
Enstack is hosting the Build-a-Biz Competition where entrepreneurs whose businesses run on the Enstack superapp platform can win P1 million. The theme of the competition is “Dream It, Build It,…
ATRAM launches corporate debt vehicle
ATRAM, an asset and wealth management firm, introduced the ATRAM Unitized Corporate Debt Fund 1 (CDV Fund), following the recent approval from the Securities and Exchange Commission (SEC). The first-ever…
ATRAM offers new bond tenors available on the app
The new retail bond tenors from asset management company ATRAM Trust Corp. (ATRAM) aim to help investors capitalize on the potential of fixed-income investments. Available through the ATRAM Prime App,…
Forrester: Software is key driver of tech spending in Asia in 2023
According to Forrester, a research and advisory company, tech spending in the Asia Pacific (APAC) region will remain robust expecting a growth of 5.8% in 2023, despite the softening of…
Japanese, Thai banks acquire Home Credit Philippines
Krungsri (Bank of Ayudhya PCL), the fifth largest financial group in Thailand, and Mitsubishi UFJ Financial Group (MUFG), a global financial leader from Japan, are set to acquire Home Credit…
Predicting the Unpredictable: Technical indicators in stock market trends
In the ever-fluctuating world of stock markets, staying informed and making calculated decisions is crucial. Leveraging tools like stochastic oscillator indicators can provide investors with valuable insights into market trends.…
EasyCall achieves 400% revenue growth
EasyCall Communications Philippines (ECP) has reported consolidated revenues of P433.70 million, which is almost 400% higher than the previous year’s P86.78 million. According to ECP, the growth was primarily driven…
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