East West Banking Corp. plans to raise about P9 billion through a stock rights offering to fund expansion, digital investments, and loan growth as the Filinvest Group’s banking arm positions for its next phase of growth.
EastWest has rolled out its comprehensive "Banking Made Safer" initiative, a robust set of upgraded security and fraud prevention measures designed to safeguard customer accounts and savings while maintaining the ease and accessibility of digital banking.
Philippine companies swimming in unprecedented amounts of data should focus less on collecting more information and more on ensuring its reliability, depth, and context, business leaders said at a panel discussion organized by CIBI Information Inc.
BPI Wealth, the asset and wealth management division of the Bank of the Philippine Islands, has selected BlackRock’s Aladdin investment and wealth management platforms to modernize its operational ecosystem and future-proof its asset management infrastructure. This strategic technology adoption marks a major operational shift for the institution, unifying risk analytics, portfolio management, and daily workflows into a single institutional-grade system.
Consumer finance company Skyro is expanding support for Philippine small businesses beyond financing, offering merchant tools, account management, and marketing assistance as micro, small, and medium enterprises (MSMEs) contend with credit constraints and pressure on consumer spending.
The National Food Authority is ramping up rice procurement, distribution, and facility upgrades as it marks 54 years, with Agriculture Secretary Francisco P. Tiu Laurel Jr. affirming the agency’s vital role in steady, affordable rice supply for Filipinos.
The National Telecommunications Commission (NTC) has launched enforcement proceedings against the country’s three major mobile network operators, imposing daily fines of P100,000 each over persistently poor mobile broadband performance in parts of Metro Manila.
Indonesia ranks among Duolingo’s five fastest-growing global markets by daily active user growth, reflecting huge national demand for language learning. CEO Luis von Ahn confirmed this during talks with Indonesian creator Raditya Dika at Duolingo’s New York office, saying “We’re very interested in the Indonesian market” and highlighting plans to expand English, Chinese, Japanese, Korean and other language courses for local users.