Corporate
UBx names Dan Marogy as CEO
The board of UBx Philippines, the fintech subsidiary of Union Bank of the Philippines, has appointed Dan Marogy as its new chief executive officer, effective Monday, September 1.
DOJ indicts Abra Mining for securities fraud
The Department of Justice (DOJ) has formally indicted Abra Mining and Industrial Corp. (AR), along with its officers, stock transfer agent, and several stockholders, for engaging in fraudulent securities trading from 2015 to 2019 — a move regulators say reinforces accountability and investor protection in the capital markets.
SMIC sees shares as undervalued amid growth prospects
SM Investments Corp. (SMIC), the flagship investment holding firm of the Henry Sy Group, believes its shares are “significantly undervalued” considering the company’s strong financial performance and long-term growth potential.
BPI brings banking to drugstores in push for financial inclusion
Bank of the Philippine Islands (BPI) president and CEO Jose Teodoro “TG” Limcaoco visited Rodamel Drugstore in Tuguegarao to highlight the bank’s push toward more inclusive, community-based banking through its “May BPI Dito” initiative.
Security Bank ups bid for Home Credit PH stake
Security Bank Corp. has raised its acquisition price for a 25percent stake in Home Credit Philippines to ₱11.59 billion, marking a ₱1.22-billion increase from its initial offer to MUFG Bank Ltd., which currently holds the shares.
