China Bank nets P12.1 billion in 2020, up 20%; hits P1 trillion in assets
China Banking Corporation (China Bank, PSE symbol: CHIB) concluded a challenging year with P12.1 billion net income, 20% higher compared
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Philippines
BSP creates Payments and Currency Management Sector, names new deputy governor
The Bangko Sentral ng Pilipinas (BSP) has recently established the Payments and Currency Management Sector (PCMS) which is tasked to
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BDO posts P28.2 billion net income in 2020
BDO Unibank, Inc. (BDO) posted a net income of P28.2 billion in 2020 from P44.2 billion in 2019, due mainly
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SEC clears Aboitiz Power’s bond offering, Ace Medical Center – Palawan’s IPO
The Securities and Exchange Commission (SEC) has considered favorably the public fundraising of Aboitiz Power Corp. and Allied Care Experts
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ING Bank: The alphabet of CQ; does it really matter for the economy?
Over the course of the pandemic, we’ve been introduced to varying versions of CQ (community quarantine). There was plain old
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SEC releases draft implementing rules of FIST Act
The Securities and Exchange Commission (SEC) has released the draft Implementing Rules and Regulations (IRR) of Republic Act No. 11523,
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IC targets rollout of Catastrophe Insurance Facility in first quarter
The Insurance Commission (IC) is targeting to roll out in the first quarter of 2021 the Philippines’ first private sector-led
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SEC okays DoubleDragon’s REIT offering
The Securities and Exchange Commission (SEC) has considered favorably the nearly P14.71 billion initial public offering (IPO) of a real
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SEC cancels Chiyuto’s OPC registration over illegal investment scheme
The Securities and Exchange Commission (SEC) has revoked the certificate of incorporation of Chiyuto Creative Wealth Documentation Facilitation Services for
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SEC warns against crypto, crowdfunding, and franchising scams
The Securities and Exchange Commission (SEC) has warned the public against individuals and groups engaged in unauthorized investment-taking activities disguised
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SM Prime nets PHP18 billion in FY2020
SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property developers in Southeast Asia, reported an P18.0 billion
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No ATM card needed? BDO offers QR Code withdrawals from select BDO ATMs
Clients can now make card-less, QR Code-based withdrawals from select BDO ATMs. “Withdrawing using QR Codes is now available in
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Higher range of ATM fees expected starting from April 7
Starting April 7 this year, banks shall adopt acquirer-based ATM fee charging (ABFC), which is one of the requirements of
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6 of 30 institutions correctly predicted Philippines’ GDP of -9.5% for 2020
A fifth of the 30 institutions polled by the Department of Finance (DOF) correctly predicted the contraction of the Philippines’
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BSP allows lower minimum opening amount for investment management activities
The Monetary Board (MB) approved the reduction of the minimum account opening amount for investment management activities from P1 million
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Partnership for Fishers’ Financial Education Launched
The Department of Agriculture through the Bureau of Fisheries and Aquatic Resources (DA-BFAR), the Bangko Sentral ng Pilipinas (BSP), BDO
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Compulsory use of payment reference numbers for short-term SSS loan payments starts April 1
Computer-generated payment reference numbers (PRNs) will be required for short-term loan payments starting April 1, 2021, state fund Social Security
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SEC stops Chiyuto’s illegal investment scheme
The Securities and Exchange Commission (SEC) has barred Chiyuto Creative Wealth Documentation Facilitation Services from soliciting investments from the public
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BPI AMTC launches “Wealth Radio” podcast channel on Spotify
BPI Asset Management and Trust Corporation (AMTC), a wholly owned subsidiary of the Bank of the Philippine Islands (BPI), is
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BPI nets P21.4 billion for 2020 amid economic slowdown
Bank of the Philippine Islands posted Net Income of P21.4 billion in 2020, a 25.7% decline from the P28.8 billion
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