Banking & Insurance

Bank of the Philippine Islands, the banking unit of the Ayala Group, kept its earnings largely intact in the first half of 2026 as solid loan growth and stronger fee income offset a sharp rise in provisions for potential credit losses.

The Philippines' digital economy is growing faster than the broader economy, but outdated regulations and inadequate infrastructure continue to hold back its full potential, according to De La Salle University economist Tereso Tullao.

AXA Philippines is transforming employee volunteerism into a long-term community development strategy, mobilizing more than 2,000 employees nationwide during this year's AXA Week for Good (AWFG) while expanding livelihood, sustainability and education initiatives with nonprofit partners.

Citicore Renewable Energy Corp. (CREC) has secured a P4.05-billion project finance loan from Land Bank of the Philippines to build two embedded solar power projects in Central Luzon, expanding clean energy capacity while helping electric cooperatives deliver more reliable and potentially cheaper electricity.

The International Finance Corp. (IFC) is investing USD100 million in Union Bank of the Philippines through the bank's inaugural sustainability bond, marking another step in efforts to deepen the Philippine capital market while expanding financing for micro, small and medium-sized enterprises (MSMEs) and environmentally sustainable projects.