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.
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.
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.
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.
What began as a small startup serving three cities in Rizal has evolved into one of the Philippines' biggest business-to-business technology platforms for sari-sari stores, underscoring how digital tools are reshaping the country's oldest retail network rather than replacing it.
Filipinos are heading into President Ferdinand Marcos Jr.'s fifth State of the Nation Address with a clear message that rhetoric alone will no longer suffice. A new nationwide survey suggests the public is looking less for a report card and more for evidence that government promises are translating into meaningful action.
The Philippine steel industry is urging the government to move faster in adopting mandatory seismic-grade reinforcing steel bars, arguing that every month of delay leaves buildings and lives unnecessarily exposed in one of the world's most earthquake-prone countries.
The Philippines may have escaped the worst of Washington's latest tariff offensive, giving exporters a relative edge over regional competitors even as global trade tensions continue to escalate.