Business

LANDBANK is exploring new opportunities with leading Indian fintech companies to advance digital payments, financial inclusion, and cross-border financial services for Filipinos at home and abroad. A key engagement was held with NPCI International Payments Limited (NIPL), the international arm of the organization behind India's Unified Payments Interface (UPI), to discuss potential cooperation in digital payments and interoperability. The meeting …

Shell Lubricants has secured the number one best-selling global lubricants supplier spot for a record 20th consecutive time, according to Kline & Company’s Global Lubricants report. The company successfully maintained its top ranking across all three main tracked categories: consumer automotive, commercial automotive, and industrial oils and fluids. Global Executive Vice President Jason Wong emphasized that this milestone reflects two …

SM Foundation’s Operation Tulong Express (OPTE) reached about 5,600 families across Pampanga and Dagupan City, distributing Kalinga Packs to communities still recovering from weeks of flooding brought on by the Southwest Monsoon (Habagat). The relief operations followed state of calamity declarations as enhanced Habagat rains submerged communities in both areas for weeks. San Fernando and Mexico were among the province’s …

The Bureau of the Treasury (BTr) is set to offer at least ₱30 billion worth of new retail treasury bonds (RTBs) as the government taps individual investors for fresh funding. The peso-denominated RTB 32 will carry a fixed interest rate and mature in 2029, with an investment term of 2.5 years. The bond auction will run from Sept. 29 to …

Banks making the shift to digital banking will have to put up at least ₱1 billion in capital under new requirements issued by the Bangko Sentral ng Pilipinas (BSP). The requirement covers existing thrift banks, rural banks and cooperative banks whose operations are determined by the BSP to have evolved into a business model similar to that of a digital …

State-owned Al-Amanah Investment Bank of the Philippines is preparing financing support for micro, small and medium enterprises (MSMEs) seeking to expand into the fast-growing halal market. The bank is still determining how much capital it will allocate for the program, but Chairperson and Chief Executive Officer Amenah Pangandaman said the initiative is intended to help businesses that struggle to secure …

A 166-megawatt peak solar project with an 80-megawatt-hour battery storage system in Iloilo has secured ₱6.215 billion in financing, paving the way for its targeted commercial operation by the second quarter of 2027. Singapore-based Levanta Renewables reached financial close for the Barotac Viejo project through a co-financing package with Philippine National Bank (PNB). The project is expected to add new …

More than 1,000 Metrobank employees were recognized for their years of service as the bank marked its 64th anniversary, highlighting the people behind its six decades of growth and transformation. Among the awardees were 171 Metrobankers who have spent 30 years with the bank, witnessing major changes in the financial industry and helping the institution navigate different economic cycles. Metrobank …

Security Bank and MUFG Bank are strengthening their decade-long strategic partnership as MUFG Manila marks a new milestone with its upgrade to a universal banking license in the Philippines. The two banks have established businesses in the local market and will continue to operate independently. Their partnership combines Security Bank’s local franchise, nationwide network of 400 branches and established client …

The North-South Commuter Railway (NSCR) is now targeted to be fully operational by 2033 after the Economy and Development Council approved amendments to the project, with partial operations expected to start in December 2027. The full operations of the NSCR are now targeted to start by the third quarter of 2033, later than the previous January 2032 target, after procurement …