ARMM pitches for more financing institutions

Thursday, March 19, 2015 - 09:28 a.m.

CAPITALIZING on the renewed interest in the Autonomous Region in Muslim Mindanao and the bright prospects for a Bangsamoro political entity, the Regional Board of Investment (RBOI) is considering granting incentives to banks and non-bank financial institutions that locate in ARMM.

Ishak Mastura, chairman of the RBOI-ARMM, said that in the past two years ARMM has enjoyed record-breaking investments: P1.4 billion in 2013 and P3.8 billion in 2014.

Maybank introduces mobile app

Monday, March 9, 2015 - 03:30 p.m.

WITH the rising demand to make banking fast, accessible and convenient nowadays, Maybank Philippines, Inc. rose to the challenge yet again by launching the Maybank2U (M2U) Mobile Banking App as part of its commitment to bring banking and innovation together beyond its physical presence.

The M2U mobile app enables clients to perform different banking transactions with a tap on their mobile phones.

BSP keeps eye on uneven growth

Sunday, January 11, 2015 - 10:52 p.m.

AS FAR as the Bangko Sentral ng Pilipinas (BSP) is concerned, 2015 will be “a year of challenges and opportunities,” Governor Amado Tetangco said.

New SyCipLaw Corporate Services head announced

Wednesday, January 7, 2015 - 10:03 p.m.

SYCIP Salazar Hernandez & Gatmaitan (SyCipLaw) has announced the appointment of Simeon Ken R. Ferrer as the new head of the firm's Corporate Services Department.

Davao Region registers P11.2B new investments

Sunday, December 7, 2014 - 10:40 p.m.

THE Department of Trade and Industry (DTI)-Davao reported that Davao Region registered a total of P11.19 billion in new investments from January to September this year

MRDP projects wow WB exec

Sunday, November 16, 2014 - 09:12 p.m.

KAPALONG, Davao del Norte -- A World Bank (WB) senior official has expressed admiration on how development projects are being implemented here and how these have changed the lives of its beneficiaries.

Security Bank income up 54% to P6.4B as of Sept

Tuesday, November 4, 2014 - 11:48 p.m.

SECURITY Bank Corp. earned P6.428 billion in net income in the first nine months of 2014, representing 54% year-on-year growth and 20% return on shareholders’ equity (ROE).

Stable long-term credit rating for Security Bank

Tuesday, October 28, 2014 - 10:42 p.m.

CREDIT rating agency Standard & Poor's released on Tuesday its "BB+" long-term issuer credit rating for Security Bank Corp.

CIFC marks 50 years in finance industry

Tuesday, October 28, 2014 - 08:47 p.m.

FIFTY years in the financial industry is a milestone for the Cebu International Finance Corp., being one of the few non bank survivors left with quasi-banking functions in the country today.

SBC top performer in investment trust Funds

Monday, October 27, 2014 - 10:42 p.m.

THE Unit Investment Trust Fund (UITF) of Security Bank Corp. (SBC) is the top gainer for the first nine months of 2014.

Cancham-Davao to draw in Canadian investors: exec

Sunday, September 21, 2014 - 10:56 p.m.

THE expansion of the Canadian Chamber of Commerce of the Philippines (Cancham) to Davao City will encourage the entry of new Canadian investors not only to the city but also to Mindanao.

Investment gab set on Friday

Thursday, September 18, 2014 - 12:27 a.m.

IT is all systems go for the staging of the first Southern Mindanao Growth Corridor Investment Forum (SMGCIF) this Friday at the Marco Polo Hotel Davao.

Bank tests mall traffic for services

Friday, September 12, 2014 - 11:44 p.m.

MORE than just growing their loans portfolio, a commercial bank believes that by making their products available in a mall setting, they will be reaching more clients.

The Bank of the Philippine Islands (BPI) opened the BPI Auto, Housing and Lifestyle Madness event yesterday in the Ayala Center Cebu. It will run throughout the whole weekend.

LandBank unveils loan service

Friday, September 12, 2014 - 09:19 p.m.

LANDBANK of the Philippines (LBP) rolled out last August its latest loan facility product, the Land Bank Mobile Loan Saver (LMLS), which will provide a convenient way for their customers to avail of a loan.

BPI ‘auto, housing, lifestyle madness’ hits Cebu

Tuesday, September 9, 2014 - 09:40 p.m.

THE Bank of the Philippine Islands, which is known for its “madness” events showcasing exclusive deals to its clients, is holding its first BPI Auto, Housing & Lifestyle Madness on Sept. 12 to 14 in Ayala Center Cebu. The event is a one-stop-shop of deals catering to the various needs of clients, BPI said in a statement.

DA to get P1.4-B budget

Monday, September 8, 2014 - 10:48 p.m.

THE regional office the Department of Agriculture (DA) in Davao Region will be receiving a budget of P1.4 billion for 2015.

Business confidence dips: BSP poll

Thursday, September 4, 2014 - 09:17 p.m.

BUSINESS confidence on the economy for the third quarter dipped, according to the latest Bangko Sentral ng Pilipinas’ Business Expectations Survey.

Although the overall confidence index was in positive territory at 34.4 percent, but was lower than the 50.7 percent confidence index recorded in the second quarter’s survey.

Mobile loan program for government employees

Friday, August 8, 2014 - 10:09 p.m.

THE Land Bank of the Philippines (LandBank), in partnership with Smart e-Money, has launched the LandBank Mobile Loan Saver (LMLS) program, a fast, safe and convenient platform for government employees to process loans and build their savings with the aid of their mobile phones.

The program is touted by the Bangko Sentral ng Pilipinas (BSP) as the "country's first-ever fully electronic and paperless salary loan service.”

Manulife partners with PBSP for livelihood project

Thursday, August 7, 2014 - 07:16 p.m.

MANULIFE Philippines, one of the country’s leading life insurance firms, has extended support to areas affected by Typhoon Yolanda (Haiyan) through a livelihood project done in partnership with the Philippine Business for Social Progress (PBSP).

The project aims to support around 75 families in Leyte by providing business skills training and the initial retail inventory for starting up their own “sari-sari” stores.

PDIC signs cross-border partnership deal with Korean counterpart

Friday, July 25, 2014 - 09:27 p.m.

THE Philippine Deposit Insurance Corporation (PDIC) and the Korea Deposit Insurance Corporation (KDIC) signed a memorandum of understanding (MOU) to foster cross-border cooperation between the two deposit insurance agencies.

The MOU was signed by PDIC President Valentin A. Araneta and KDIC Chairman and President Joo Hyun Kim on July 23 at the Peninsula Manila in Makati City.

City braces for growing mutual fund investments

Tuesday, July 22, 2014 - 08:07 p.m.

ILOILO City is bracing the entry of mutual fund investment opportunities as Sun Life Asset Management Company Inc. (SLAMCI) unleashes its award-winning Sun Life Prosperity Dynamic Fund during the ghost or lean months of August to September this year.

Investments continue amid terror threats

Thursday, July 3, 2014 - 12:16 a.m.

INVESTMENTS will continue to flow in Davao City amid the recent terror threats that are boggling several business communities in Mindanao.

SBC offers P10B Tier 2 notes

Sunday, June 22, 2014 - 09:02 p.m.

SECURITY Bank Corp. on Friday announced it has started offering up to P10 billion Basel III-compliant Tier 2 notes.

The offer period will run from June 19 to July 3, with settlement and issue date slated on July 11, 2014.

Oro Chamber exec supports new banking bill

Monday, June 16, 2014 - 01:46 a.m.

A LOCAL business group has concurred on the Senate’s approval of the bill that will allow the expansion of the participation of foreign banks in the Philippine banking industry.

One Network Bank posts P145M income in Q1

Friday, May 30, 2014 - 10:18 p.m.

HOMEGROWN rural bank, One Network Bank Inc., posted a net income of P145 million in the first quarter of 2014, an increment of seven percent from the same period last year.

This net income level, if annualized, translates to a 26 percent return on average private equity and two percent return on assets.

2014 investment plan to focus on supply, value-added chain

Sunday, May 18, 2014 - 11:32 p.m.

INVESTMENTS that will benefit the value added chain and fill-in the gaps in the supply chain will be the focus areas of the 2014 Investment Priority Plan (IPP).

SBC posts P1.43B income in Q1

Tuesday, May 13, 2014 - 10:58 p.m.

PROPELLED by a double-digit increase in net interest income brought about by expansion in loans and investment securities, the Security Bank Corp. (SBC) posted a net income of P1.43 billion in the first three months of the present year, representing a 17 percent growth as compared to the same period last year.

Microfinance group ready for integration

Sunday, May 4, 2014 - 08:50 p.m.

SAN PABLO CITY -- The Center for Agriculture and Rural Development Mutually Reinforcing Institution (Card-MRI) is ready for full economic integration by 2015 as agreed by member states of Association of Southeast Asia Nations (Asean).

This was revealed by Card-MRI founder and managing director Dr. Jaime Aristotle B. Alip during the 1st Lakbay Aral for Media in San Pablo City, Laguna on Wednesday.

New investments in city up 49% in Q1

Thursday, May 1, 2014 - 12:17 a.m.

THE Davao City Business Bureau registered a total of P1.599 billion in new investments poured in the city in the first three months of the year, representing a 49 percent increase as compared to the same period last year with P1.073 billion.

Hi-tech piggy bank to improve saving habits

Friday, April 25, 2014 - 12:44 a.m.

THE grand champion of the 10th Sweep Innovation and Excellence Awards wants to transform the way Filipinos save and spend for products and services they aspire for.

The annual awards, an anchor program under the Smart Wireless Engineering Education Program (Sweep) of wireless leader Smart Communications, Inc. (Smart), aims to promote development of innovative wireless devices and mobile applications that can enable Filipinos to live more.