Business

A FedEx veteran with nearly two decades of experience across the company, Thompson returns to the Philippines after serving as Managing Director of FedEx Indonesia for more than five years. He previously held leadership roles in the Philippines across sales and other functions, where he helped drive significant revenue growth and expand FedEx’s customer base. In his new role, Thompson …

Bank deposits in the Philippines surged 9.8 percent year-on-year to ₱22.04 trillion as of end-March 2026, nearly doubling the previous year’s growth rate and signaling sustained confidence in the banking system. The Philippine Deposit Insurance Corporation (PDIC) said total deposits increased by ₱1.97 trillion from ₱20.1 trillion a year earlier. The growth was almost twice the 5.3 percent, or ₱1 …

September brings a fresh set of deals for Metrobank customers as the bank celebrates its 64th anniversary with special offers covering shopping, dining, travel and major financial purchases. The anniversary promotions give Metrobank credit cardholders opportunities to earn cashback on weekend and weekday spending. Cardholders can get up to ₱1,500 cashback on accumulated local straight purchases from Friday to Sunday, …

Security Bank Corporation is pursuing a focused three-year growth strategy centered on wealth management, entrepreneur banking, and corporate and institutional banking as it seeks to capture emerging opportunities in the Philippine banking market. The strategy, presented during Investor Day 2026, comes as the bank marks its 75th anniversary and reports strong first-half results, including net income of ₱6.1 billion, revenues …

Chinabank’s net income rose 11 percent to ₱14.5 billion in the first half of 2026, fueled by strong lending growth, an expanding balance sheet and improved risk management. The bank reported a 15.1-percent return on equity and a 1.6-percent return on assets for the period. Net interest income increased 14 percent to ₱39.7 billion as net interest margin widened to …

Philippine Savings Bank (PSBank) posted net income of ₱1.3 billion in the first half of 2026 as core revenues remained resilient despite challenging market conditions. Net interest income rose 2 percent year-on-year to ₱6.7 billion, while total assets expanded 5 percent to ₱234 billion as of June 30, 2026. Total gross loans edged higher to ₱153 billion, supported by continued …

Knowing how to respond when someone suddenly collapses can mean the difference between life and death. In Mandaluyong City, a new community initiative is making sure that lifesaving knowledge becomes accessible to more Filipinos, including persons with disabilities (PWDs) and their caregivers. Bell-Kenz Pharma’s Sagip CPR is holding its first formal collaboration with the PWD sector on September 2, 2026, …

The New NAIA Infrastructure Corp.  (NNIC), the private operator of the Ninoy Aquino International Airport (NAIA) has remitted ₱78 billion to the government since winning the bid and taking over the operations of the principal gateway two years ago. The corporation, a consortium led by San Miguel Corp., also put in almost ₱7 billion in modernization efforts of the airport. …

Converge ICT Solutions Inc.’s modern data center in Angeles City, which started operations last March, has been recognized as a ‘’strategic investment’’ by the Board of Investments (BOI) and thus was granted the “green lane” status from the government. Henceforth, the facility would be eligible for expedited processing of permits and other regulatory requirements. Converge CEO Dennis Uy said he …

Various economic forecasters have been issuing lower growth numbers of the Philippine economy.  The latest downgrade came from the  Asean+3 Macroeconomic Research Office (Amro) which cut its outlook for the country for 2026 and 2027. Amro on Thursday lowered its growth forecast for the Philippines to 3.4 percent in 2026 from 4.1 percent previously, and to 4.8 percent in 2027 …