Tag: Philippine Rice Research Institute (PhilRice)

Union Bank of the Philippines, the country’s 9th largest lender by assets, reported a sharp rebound in earnings for the first quarter,  with net income more than doubling to P3.8 billion as core lending and digital-driven revenues offset market volatility.

Globe Telecom Inc., the financial technology and communications arm of the Ayala Group, has completed the settlement of its tender offer for outstanding USD600 million 4.2 percent senior perpetual capital securities, marking a significant step in active balance sheet management.

The Philippine National Bank (PNB) reported a net income of ₱6.37 billion in the first quarter of 2026, up 5 percent from a year ago, driven by steady growth in its core businesses.

Manila is set to host a milestone for regional economic cooperation as the fourth Steering Committee Meeting of the Luzon Economic Corridor convenes in May 2026, gathering senior officials from the Philippines, the US, and Japan to accelerate implementation of the flagship initiative.