UnionBank launches P10B bond offer
Union Bank of the Philippines, the country’s 9th largest lender by assets, began the public offering on Wednesday of its latest debt securities—aiming to raise at least P10 billion to support funding needs.
Peso gains temper NG debt increase in April
The outstanding debt of the national government increased to P16.753 trillion as of end-April 2025, a 0.41 percent or P68.69 billion rise from the previous month. The April figure was 4.4 percent higher than the P15.017 trillion posted in the year-earlier period.
Lawyer Francis Lim named new SEC chairman
President Ferdinand R. Marcos Jr. has appointed lawyer Francis Edralin Lim as the new chairperson of the Securities and Exchange Commission. Executive Secretary Lucas P. Bersamin said on Tuesday that Lim will take over from SEC Chairman Emilio Aquino, whose seven-year term ends on June 6.
First Gen eyes closing P50B deal with Prime Infra in 3 Months
First Gen Corp., the power generation arm of the Lopez Group, said it expects to finalize within two to three months a deal to sell a 60 percent stake in its natural gas business to Prime Infrastructure Capital Inc., owned by billionaire Enrique Razon Jr.
BPI Foundation advances financial literacy in Bacolod schools
The Bank of the Philippine Islands (BPI), through its social development arm BPI Foundation (BPIF), has launched a financial literacy training session in Bacolod City under its FinEd Unboxed program. The session, held at St. Joseph High School, benefited 721 students by equipping them with essential skills in budgeting, saving, and investing.
