Resilient OFW inflows boost May remittances to $2.66B
Cash remittances rose 2.9 percent year-on-year to US$2.66 billion in May, driven by continued inflows from overseas Filipinos (OFs), according to the Bangko Sentral ng Pilipinas (BSP).
Rockwell declares 20% of 2024 profit as dividend
Rockwell Land Corp., the real estate arm of the Lopez Group, has declared a cash dividend equivalent to 20 percent of its 2024 net income. Shareholders on record as of August 7 will be entitled to the payout.
Thrift banks push for regulatory reforms and digital inclusion
The thrift banking industry recorded a 6 percent growth in total assets in 2024, reaching ₱1.10 trillion, signaling commercial momentum in promoting financial inclusion and economic resilience, according to the Chamber of Thrift Banks (CTB).
BDO closes green bond offer early on strong demand
BDO Unibank Inc., the country’s largest lender by assets, said Tuesday it has cut short the offer period for its fourth peso-denominated ASEAN Sustainability Bond due to strong investor demand.
ERC leadership vacuum raises alarm among energy stakeholders
The resignation of Energy Regulatory Commission (ERC) Chairperson Monalisa Dimalanta has sparked serious concerns across the Philippine energy sector, with key groups warning of a destabilizing leadership vacuum at a critical regulatory agency.
