BDO Unibank is celebrating its 50th anniversary with a raffle promotion offering five Toyota Ativ Hybrid cars and 250 SM Gift Certificates worth ₱5,000 each to qualified clients. The anniversary promo will run from September 2026 to January 2027, with four monthly draws and a grand draw scheduled during the five-month period. Existing BDO Unibank and BDO Network clients may …
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Bank of the Philippine Islands (BPI) is simplifying digital bank account opening by integrating the Philippine Identification System (PhilSys) into its mobile application as the bank celebrates 175 years of service. BPI and the Philippine Statistics Authority (PSA) formalized the partnership through the signing of a Subscription Contract covering the bank’s adoption of the National ID Authentication Services (NIDAS), which …
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Philippine Savings Bank (PSBank) posted a net income of ₱1.3 billion in the first half of 2026, as resilient core revenues and continued growth in loans and deposits helped sustain the bank’s performance despite challenging market conditions. Net interest income rose 2 percent year-on-year to ₱6.7 billion, while total assets reached ₱234 billion as of end-June, up 5 percent from …
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Hiraya Water Corporation has begun rolling out a series of major infrastructure projects in Lucena City, breaking ground on water source development and pipeline rehabilitation initiatives aimed at improving water availability, pressure, and long-term service reliability for thousands of residents. The groundbreaking ceremony, held on July 26 at the Lucena City Hall Compound, marks another milestone in the company’s rehabilitation …
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The number of employed Filipinos went up to 50.66 million in June this year from 49.63 million in May, data from the Philippine Statistics Authority (PSA) showed. Results of the latest Labor Force survey showed that this was also higher than the 50.47 million employed in June 2025. National Statistician Dennis Mapa said the employment rate during the month was …
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The Maharlika Fund has set its eyes on a target of P3.3 billion in core net income for the year 2026. MIC President and CEO Rafael Consing Jr. said the state-run fund remains confident of hitting its 2026 net income target, with its investment portfolio growing at a steady rate. The MIC plans to deploy some P35 billion in capital …
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A burgeoning metro population and 24/7 usage of water contributed much to Maynilad Water Services Incorporated`s 14-percent increase in the first six months of 2026. It is small wonder that Maynilad, with its strong water sales and customer growth, has expressed interest in providing the humongous water needs of the planned Pax Silica AI hub in New Clark City, Capas, …
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The US-based World Bank (WB) last week sharply lowered its forecast for the Philippine economy, warning that rising uncertainty and the continuing global oil shock have dragged the country`s economy. In its latest Philippine Economic Update, the Washington-based lender now expects the country’s economy to expand 3.7 percent in 2026, a steep downgrade from the 5.3 percent growth it projected …
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LANDBANK and the City Government of Naga have partnered to launch new joint initiatives aimed at boosting local entrepreneurs and government employees through expanded financing, business development support, and digital financial services. Formalized on July 24, 2026, by LANDBANK President and CEO Lynette V. Ortiz and Naga City Mayor Leni G. Robredo, the collaboration introduces the LIFTING MSMEs Lending Program …
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Legislative reforms for a stronger deposit insurance system. The Philippine Deposit Insurance Corporation (PDIC) is pursuing legislative reforms to amend its Charter and ensure a deposit insurance system that is broader in coverage, faster in response, stronger in times of crisis, and worthy of public trust. This was shared by PDIC President and CEO Roberto B. Tan (inset and 2nd …
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The Market Monitor Minding the Nation's Business