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.
The Department of Trade and Industry (DTI) is seeking an additional P5 billion for the Small Business Corp. (SB Corp.) next year as surging demand for financing pushes the government lender to expand its support for micro, small and medium enterprises (MSMEs).
Alphabet Inc., the parent company search engine Google, is turning artificial intelligence into a powerful growth machine, posting a blockbuster second quarter as surging cloud demand, stronger search activity, and rapid AI adoption lifted revenues and profits to new heights.
Airbus has launched the LEIA project, short for Large Scale Integration Demonstrator of Hybrid Electrical Architecture, to develop a complete hybrid-electric energy system for future commercial aircraft.
Clark Water has put in place a comprehensive El Niño Mitigation Plan to secure steady water supply across the Clark Freeport Zone amid prolonged dry weather.