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EastWest Bank takes home four major awards at 2024 International Finance Awards

EastWest Bank has cemented its position as a leader in the financial services sector, winning four prestigious accolades at the 2024 International Finance Awards.

LBC reports 9-month loss amid restructuring efforts

LBC Express Holdings Inc. on Monday reported a net loss of P127.82 million in the first nine months of 2024, a sharp contrast to last year’s P215.22 million profit.

Top Line delays IPO to Q1; awaits institutional investors

Cebu-based Top Line Business Development Corp. said Monday it has decided to delay its initial public offering to the first quarter of 2025. The IPO was set to start this month.

BOC combats illicit vape trade; P5B in smuggled goods seized

The Bureau of Customs has intensified its efforts to combat the illegal trade of vape products, announcing the seizure of P5.07 billion worth of smuggled goods in the first 10 months of this year.

BAP launches interest rate swap market to boost liquidity, market depth

The Bankers Association of the Philippines (BAP) has launched a new interest rate swap market, marking a pivotal move to enhance the domestic bond market’s liquidity and deepen capital markets in the Philippines.

Just in

Gun fire shots heard at Senate

Live broadcasts within the Senate building showed commotion within the second floor, with gun shots heard and uniformed personnel armed with long fire arms and clad in bulletproof vests trying to secure the area. It remains unclear what happened, with security personnel refusing to reply to media queries.

PH signs fisheries cooperation deals with PNG, Marshall Islands

The Department of Agriculture (Philippines) and Bureau of Fisheries and Aquatic Resources have signed new agreements with Papua New Guinea and the Marshall Islands to strengthen cooperation in the fisheries sector.

PH lifts ban on poultry imports from California

The Department of Agriculture (DA) has lifted the ban on poultry and poultry products from California in the United States.

Canada joins Luzon Economic Corridor partnership  

The Philippines showcased significant progress in legal and regulatory reforms during the Luzon Economic Corridor (LEC) Steering Committee meeting on May 12, highlighting efforts to create a transparent, competitive, and investment-friendly business environment.
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