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First Metro names Anthony Ocampo as new president

First Metro Investment Corporation (First Metro) has named Antonio R. Ocampo, Jr. as its new president and director starting 1 July 2024.

DoubleDragon cuts short retail bond offer period on excess demand

Listed property developer DoubleDragon Corp. said Monday it is cutting short the offer period for its retail bond due to overwhelming demand from investments.

Security Bank seeks to raise P5 billion from fixed-rate peso bond offer

Security Bank Corp. on Monday launched a five-year, fixed-rate peso bond that seeks to raise at least P5 billion.

BDO Unibank launches Monday latest P5-billion sustainability bonds

BDO Unibank, Inc. launched Monday its latest peso-denominated, fixed-rate sustainability bonds that would raise at least P5 billion for the Philippines’ largest lender by assets and a listed banking affiliate of the Sy Group. 

Monzon, Pardo continue to lead PSE

The shareholders of the Philippine Stock Exchange Inc. have re-elected its 15-man board of directors, with Jose T. Pardo continuing to serve as its chairman for the 13th consecutive year and Ramon S. Monzon as president and CEO.

Just in

Weak peso makes case for sharp interest rate hikes-BPI

The continued weakening of the Philippine peso past the 63 per U.S. dollar threshold is intensifying pressure on the Bangko Sentral ng Pilipinas to aggressively tighten monetary policy, with rate hikes now widely anticipated both next week and in December, according to the Bank of the Philippine Islands.

Security Bank Wealth, St. Luke’s launch healthcare concierge service

Security Bank Wealth and St. Luke’s Medical Center have teamed up to launch a concierge healthcare service, giving clients faster, easier access to medical care and more time for what matters.

Haay naku! The fine art of being charged for breathing near your bank account

Quite a lot of us have had the experience. We open our banking app to send P500 to a godson for his birthday, and the screen politely informs us that this act of generosity will cost us P25. Nakagulat. Five percent of our kindness, gone—not to our godson, not to charity, but to a fee whose only visible purpose is to exist. Haay naku.

CHP cement plants recycle 50 million liters of water annually

Concreat Holdings Philippines (CHP) is recovering and reusing 50 million liters of water annually across its cement plants in Cebu and Rizal, bolstering efforts to conserve freshwater as climate extremes put pressure on water resources.
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