Banking & Insurance
Asialink enters real estate lending, targets underserved SME market
Asialink Finance Corp. is expanding into real estate lending, marking a strategic diversification of its portfolio and reinforcing its role as alternative financier for underserved sectors in the economy.
DOF rejects new tax plans, cites strong fiscal position
The Department of Finance (DOF) rejected reports suggesting the government plans to impose new taxes, citing strong revenue performance and prudent fiscal management as reasons additional tax measures are unnecessary at this time.
BDO scales up UTM rollout to modernize in-branch banking
BDO Unibank, Inc. is accelerating its digital banking strategy with the nationwide expansion of its universal teller machines (UTMs), a move aimed at enhancing in-branch customer experience and reducing reliance on over-the-counter services.
Treasury bill yields mostly lower at auction
Average rates of Treasury bills (T-bills) were either steady or lower at the auction Monday, with strong demand and benign inflation expectation easing yields on longer-dated T-bills.
UnionBank 1Q net profit fall on one-off items; revenue up 8.4%
UnionBank of the Philippines reported P19.4 billion in revenue for the first quarter, an 8.4 percent year-on-year growth. The bank’s performance continues to be driven by a thriving consumer business, expanding net interest margin, and rising fee-based revenue.
