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.
Rampver Financials, one of the country’s top investment fund distributors, has signed a distribution deal with Manulife Investment Management and Trust Corporation, the local asset management arm of global financial leader Manulife. The agreement allows Rampver clients access to a full range of Manulife unit investment trust funds through the Rampver Online digital investing platform, with minimum investments starting at just ₱1,000.
The Securities and Exchange Commission has formally introduced structured warrants as a new financial product in the Philippine market. At the agency’s en banc meeting on July 23, SEC director Ela R. Xavier-Padilla announced the approval of a memorandum circular setting out the rules and regulations for the registration and trading of structured warrants.
Century Pacific Food Inc. (CNPF) announced on Wednesday that it has fully recovered the equivalent of all flexible plastic packaging waste it generates, preventing some eight billion sachets worth of plastic from ending up as environmental waste.
Trade Secretary Cristina A. Roque said the landmark ASEAN Digital Economy Framework Agreement (DEFA) could reshape regional commerce by lowering barriers to cross-border digital trade, opening a larger market for Philippine businesses and accelerating Southeast Asia's digital economy into a multi-trillion-dollar growth engine.