Banking & Insurance
BDO, The Podium Complex merger secures regulatory approval
BDO Unibank Inc., the country’s largest lender controlled by the Sy Group, said Thursday it has secured regulatory approval for its merger with wholly-owned subsidiary, The Podium Complex Inc. BDO will be the surviving entity.
BSP partners with German banknotes printer on currency management
The Bangko Sentral ng Pilipinas (BSP) has signed a memorandum of understanding (MOU) with Bundesdruckerei GmbH, Germany's premier banknotes printer, to enhance payments and currency management.
PLDT secures P2B loan from HSBC to boost network connectivity
PLDT Inc. has secured a P2 billion social loan facility from HSBC Philippines aimed at enhancing internet connectivity in underserved areas of the Philippines.
BPI projects continued growth for PH until 2025
The Bank of the Philippine Islands (BPI) on Tuesday forecast growth this year averaging higher to 6.1 percent from last year's 5.6 percent, as well as next year, on the back of a resilient economy expected to benefit from increased liquidity in recent months and from spending related to next year's elections.
IMF reforms concessional lending for low-income countries
The International Monetary Fund's (IMF) Executive Board has approved significant reforms to enhance the Fund’s concessional lending facilities for low-income countries (LICs).
