Top Line Business Development Corp. launched its week-long initial public offering (IPO) on Monday, aiming to sell 22 percent of the Cebu-based company to raise approximately P624.6 million.
The domestic claims, or assets, of other financial corporations (OFCs) in the Philippines grew marginally by 0.1 percentin the second quarter of 2025 compared with the previous quarter, reaching ₱10.7 trillion, according to the Bangko Sentral ng Pilipinas (BSP). Year-on-year, the sector’s assets expanded by 16.7 percent.
The Bangko Sentral ng Pilipinas (BSP) expects inflation in October 2025 to remain modest, projecting it to fall within the 1.4 percent to 2.2 percent range.
Asia United Bank (AUB), along with its subsidiaries, sustained its profitability in the first nine months of 2025, driven by higher revenues and improved operational efficiency.
The Federal Reserve lowered its benchmark interest rate Wednesday for the second time this year, aiming to support economic growth and hiring even as inflation remains elevated. But Fed Chairman Jerome Powell cautioned that another cut at the central bank meeting in December is far from certain.