In order to concentrate on its core operations, the state-run Land Bank of the Philippines is selling UCPB Savings Bank, Inc. According to a statement from Landbank, after UCPB Savings is fully privatized, the state-owned lender hopes to expand its offerings to important development areas. Read more »
Petron Corp., chaired by Ramon Ang, said that it has concluded its follow-on offering and raised P16.8 billion in preferred shares. The oil company disclosed to the stock market that it has sold Series 4D shares valued at P8.5 billion and Series 4E shares valued at P8.33 billion. Read more »
Forbes Asia’s 2024 “100 to Watch” list highlights promising startups and small businesses across the Asia-Pacific region, and this year, three standout Filipino companies—Lista, Zed, and Mober—are making headlines. Read more »
To modernize financial education, the Bangko Sentral ng Pilipinas (BSP) has introduced its inaugural set of e-learning modules, developed in partnership with the BSP-BDO Foundation (BDOF). Read more »
Southeast Asia is witnessing a seismic economic shift, and at the heart of this transformation are the Philippines' 38 standout companies featured in the inaugural Fortune Southeast Asia 500 list. Read more »
Cash remittances from overseas Filipino workers (OFWs) showed resilience in April 2024, marking a 3.1% year-on-year increase to $2.562 billion, as reported by the Bangko Sentral ng Pilipinas (BSP) on Monday, June 17. Read more »
