Banking & Insurance
NLEX taps BPI for P10 billion
NLEX Corp. has obtained a P10 billion term loan from the Bank of the Philippine Islands (BPI) to fund ongoing as well as future projects.
Manila Water secures 20% of 5-year spending plan from banks this year alone
Manila Water Co. Inc., has secured a 10-year term loan for P7 billion from the Land Bank of the Philippines.
BSP continues to issue fresh banknotes, encourages use of e-aguinaldo during the holidays
The Bangko Sentral ng Pilipinas (BSP) continues to issue more fresh banknotes to enable the public to exchange old for crisp ones through the banks. Also, the BSP continues to issue lower-denomination banknotes amid unusually high demand for these.
BDO Trust Group expects FED to deliver six rate cuts in 2024
The Trust and Investments Group of BDO Unibank Inc. expects the Federal Reserve, the central bank of the U.S., to start an interest rate-cutting...
BPI completes 2023 with Robinsons Bank acquisition
The Bank of the Philippine Islands (BPI) rounds the year with the formal takeover of Robinsons Bank.
Their union completes the process by which their...
