Banking & Finance

BDO Unibank, Inc. (BDO) recorded a net income of P19.7 billion in Q1 2025, vs. P18.5 billion for the comparable period a year ago, driven by sustained performance across its core businesses. Return on Average Common Equity (ROCE) was at 13.8% for the period. Gross Customer Loans grew by 12% to P3.3 trillion, reflecting broad-based growth across all market segments. …

Highlighting its growing contribution to advancing the Philippine capital market, LANDBANK was honored as one of the top-performing institutions at the 2025 Philippine Dealing System (PDS) Annual Awards Night. The state-run bank clinched 3rd place in the Top 5 Corporate Issue Managers/Arrangers – Bank Category, in recognition of its vital role in facilitating the issuance of corporate fixed-income securities in …

The Bangko Sentral ng Pilipinas (BSP), through its policy-making Monetary Board, has approved key amendments to foreign exchange (FX) regulations that are expected to enhance Filipinos’ access to hedging tools while helping deepen the local capital market. Outlined in BSP Circular No. 1212, the revised regulations expand the list of allowable FX hedging instruments involving the Philippine peso. Previously, only …

BDO Unibank Inc. remains upbeat about its performance prospects for 2025 despite headwinds from global economic uncertainties, expressing confidence in the resilience of the Philippine economy to support sustained growth. BDO President and Chief Executive Officer Nestor Tan said during a briefing on Friday that the bank’s strong start in the first quarter—marked by a net income of PHP19.7 billion, …

The Department of Finance (DOF) has introduced a new revenue regulation designed to unify and simplify the country’s tax incentives for the education sector to attract more investments in human capital development. Revenue Regulations (RR) No. 13-2025, which took effect on April 17, aims to streamline outdated processes that have long limited access to tax breaks provided under current laws …

State-run Land Bank of the Philippines reported a significant jump in digital banking usage in 2024, with transactions growing by 67 percent year-on-year.  From 97.08 million digital transactions recorded in 2023, the figure surged to 162.28 million last year. The total value of these transactions also saw a sharp increase, rising to P3.38 trillion, 38 percent higher than the P2.45 …

By Tracy Cabrera In an effort to boost the Philippines’ competitiveness as an investment hub, the Philippine Economic Zone Authority (PEZA) has forged a memorandum of understanding (MoU) with Banco de Oro Unibank Inc. (BDO) to help accelerate foreign direct investments and drive national economic progress. The agreement was formalized by PEZA Director General Tereso Panga and BDO Executive Vice …

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) resumed its easing cycle on Thursday, cutting interest rates by another 25 basis points amid decelerating inflation. The latest cut brings the BSP’s target reverse repurchase (RRP) rate to 5.50 percent, a reduction of 25 basis points. The interest rates on the overnight deposit and lending facilities were also adjusted …

The Asian Development Bank (ADB) has retained its 2025 economic growth forecast for the Philippines at 6 percent for gross domestic product (GDP) while lowering its inflation projection. In its Asian Development Outlook (ADO) April 2025, the ADB kept its GDP forecast unchanged from the December 2024 report, which was higher than the 5.6 percent growth recorded in 2024. However, …

BDO Unibank Inc. (BDO) and the Philippine Economic Zone Authority (PEZA) have formalized a strategic partnership through a Memorandum of Understanding (MoU), reaffirming their shared commitment to drive foreign direct investments and promote economic growth in the Philippines. This collaboration aims to widen the investment horizon for global enterprises eyeing expansion or entry into the local market. PEZA, as the …