The Bank of the Philippine Islands (BPI) reported a net income of ₱16.6 billion for the first quarter as strong revenue growth offset increased operating expenses and provisions for credit losses.
The Government Service Insurance System (GSIS) is studying a Philippine Stock Exchange (PSE) proposal to allow pension fund members to access stock loans and other financial products, signaling potential support for initiatives that could expand retirement investment options and strengthen the local stock market.
The Philippine Competition Commission (PCC) and the Land Transportation Franchising and Regulatory Board (LTFRB) are teaming up to shake up public transport.
Singapore-based Atome, part of Advance Intelligence Group, has raised $345 million through an upsized syndicated debt facility, up from $200 million secured in 2024.
Cebu Landmasters Inc. (CLI) said it has secured approval from the Philippine Competition Commission for the entry of Japanese firm NTT UD Asia Pte. Ltd. as a partner in its Luzon expansion. The deal allows NTT UD Asia to acquire 40 percent of the voting shares of CLI Luzon Ventures Inc., the unit formed to lead the company’s developments in Luzon.