The Bank of the Philippine Islands (BPI) has priced its P5-billion peso-denominated fixed-rate BPI Supporting Individuals Grow, Lead, and Achieve (SIGLA) Bonds due 2028, with an option to upsize, marking the second tranche under its P200-billion Bond and Commercial Paper Program approved in October 2024.
Bank of the Philippine Islands (BPI), the country’s third largest lender by assets, said strong loan growth and wider margins boost its financial performance in the first nine months of the year, with net income climbing 5.2 percent year-on-year to P50.5 billion.
Aboitiz Renewables Inc., through its wholly-owned subsidiary AP Renewable Energy Corp. (APREC), has signed a P7.4-billion project finance agreement with the Bank of the...
Fresh River Lakes Corp. (FRLC), a wholly owned subsidiary of First Gen Corp., has secured a total of P15 billion in loan facilities from three major Philippine banks—BDO Unibank Inc. (BDO), Bank of the Philippine Islands (BPI), and Rizal Commercial Banking Corp. (RCBC).
The Bangko Sentral ng Pilipinas (BSP) has issued a public advisory warning against fraudulent schemes where individuals falsely present themselves as BSP officials or employees to deceive people.
Smart Communications has introduced the Smart Home WiFi SIM 99, a dedicated card designed to work with open-line home WiFi routers, as well as compatible Smart and PLDT Home WiFi devices with expired or inactive SIMs. Priced at just P99, the package includes 2GB of non-expiring data, creating an accessible option for households seeking reliable internet access.
India’s GMR Group is positioning the proposed Sangley Point International Airport as a major new Philippine investment, with the project expected to draw more than P150 billion in direct capital as the company expands its aviation and logistics footprint nationwide.
Treasury bill yields climbed across all maturities at Monday’s auction as investors priced in the Bangko Sentral ng Pilipinas’ recent rate hike and the prospect of further monetary tightening amid an elevated inflation outlook.