Tag: UnionBank

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UnionBank to inject P1.5B into CitySavings

Banking & Insurance Context.ph Context.ph -
Union Bank of the Philippines, the banking arm of the Aboitiz Group, has approved a capital infusion of up to P1.5 billion into its thrift bank subsidiary, City Savings Bank Inc. (CitySavings), to support the latter’s continued expansion and operational needs.

UnionBank fintech unit CEO resigns, transition plan underway

Corporate Context.ph Context.ph -
UBX Philippines, the fintech subsidiary of Union Bank of the Philippines, said that its president and chief executive officer John Januszczak has resigned, effective June 16, 2025. 

UnionBank launches P10B bond offer

Banking & Insurance Context.ph Context.ph -
Union Bank of the Philippines, the country’s 9th largest lender by assets, began the public offering on Wednesday of its latest debt securities—aiming to raise at least P10 billion to support funding needs.

UnionBank techs up Tagbilaran Bohol MSMEs with PalengQRPH

Communications & Technology Context.ph Context.ph -
Aboitiz-owned Union Bank of the Philippines (UnionBank) continues to support micro, small, and medium enterprises (MSMEs) by joining the launch of PalengQRPH at the Tagbilaran Market in Tagbilaran City, Bohol.

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DOE studies lower system loss charges ahead of EPIRA reforms

Energy & Mining 0
The Department of Energy (DOE) is exploring ways to reduce the system loss rates charged to electricity consumers while Congress deliberates amendments to the Electric Power Industry Reform Act (EPIRA), offering a near-term option to help ease power bills before broader legislative reforms take effect.

Marcos reopens Metro Manila for new PEZA IT hubs

Communications & Technology 0
President Ferdinand R. Marcos Jr. has reopened Metro Manila to new Philippine Economic Zone Authority (PEZA)-registered information technology parks and centers, easing a seven-year investment restriction while keeping the broader ban on other types of economic zones in the capital.

BPI clears merger to strengthen digital banking

Banking & Insurance 0
The Bank of the Philippine Islands (BPI) has secured final regulatory approvals to merge two of its thrift banking subsidiaries, a move that underscores the lender's push to streamline operations, strengthen capital efficiency, and sharpen its digital banking strategy.

DOE urges dedicated power for Pax Silica data hub

Energy & Mining 0
The Department of Energy (DOE) is urging the proposed Pax Silica development to build its own power plant instead of drawing electricity from the Luzon Grid, warning that the project's massive energy demand could strain the country's main power network if left unaddressed.

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