State-run Land Bank of the Philippines (LandBank) on Wednesday reported an 8% increase in net income in the first nine months of the year, driven by the expansion of its core banking operations.
Nov 4, 2026
MANILA, Philippines — Savings accounts are one of the most common ways people keep their money. They provide liquidity and convenient access to cash, which makes them useful for emergency funds and short-term financial needs. But does keeping more money in a savings account necessarily make us financially better off? While a savings account protects our
MANILA, Philippines — Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said on Tuesday that the economy may have begun recovering in the third quarter, but noted that interest rate cuts could still be some way off as inflation is expected to remain elevated. Remolona said gross domestic product (GDP) growth in the third
MANILA, Philippines — Tycoon Manuel V. Pangilinan-led PLDT Inc. has tapped a new auditing firm to replace SyCip Gorres Velayo & Co. (SGV), which resigned as the telco giant’s independent auditor after 24 years over concerns about its independence. In a disclosure to the stock exchange on Tuesday, PLDT said SGV submitted its resignation on
MANILA, Philippines — The government is considering raising the annual contribution limits for Personal Equity and Retirement Account (Pera), allowing Filipinos to save more for retirement. In a statement on Tuesday, the Department of Finance (DOF) said it was looking to establish a uniform annual contribution limit to simplify the rules and promote greater equity among
MANILA, Philippines — Alternergy Holdings Corp. has activated its P6.7-billion wind farm in Quezon province, adding clean electricity to the Luzon grid. On Tuesday, the company announced that the 64-megawatt (MW) Alabat wind facility is among the first wind projects to receive energization under the government’s second green energy auction program (GEAP). READ: Alternergy profit jumps
MANILA, Philippines — Moody’s Ratings said infrastructure development and the energy transition will boost the Philippines’ sustainable bond market due to rising investor demand for stronger governance, transparency, and clear commitments on fund usage. The Philippines has the third-largest sustainable bond market in Southeast Asia, after Singapore and Thailand, with $23 billion in issuances, representing 17%
MANILA, Philippines — DigiPlus Interactive Corp.’s nine-month net income fell by about 12 percent to P8.9 billion from P10.11 billion a year earlier as the gaming company faced weaker revenues amid a softer macroeconomic environment. The gaming company said its earnings included noncash fair value gains from its investment in International Entertainment Corp.’s (IEC) convertible bonds.
US bank State Street expects the uses of artificial intelligence in finance to “multiply” in the coming years, but stressed that “responsible deployment” is vital as the industry confronts daunting potential security risks. The call came on the first day of the Global Financial Leaders’ Investment Summit in Hong Kong, where executives from leading firms including Goldman Sachs, Morgan Stanley, JPMorgan, Pimco and Bridgewater shared their insights on the dawning era of AI finance. Manoj Bohra,...
As concerns over the financial health of a state-owned conglomerate rattled China’s bond market over the past week, analysts said its challenges reflected the lasting toll of the country’s prolonged property crisis, with local governments struggling to find sustainable alternatives beyond real estate to support their economies. At the centre of the storm is Zhuhai Huafa Group, the largest local government-owned enterprise in Zhuhai in southern China’s Guangdong province. While property...
Nov 3, 2026
Forty Thai companies are recognized in Fortune's 2026 Southeast Asia Best Companies to Work For, based on responses from 1.3 million employees.
Hong Kong’s primary and secondary private residential property sales fell in October compared to the previous month, as the expectation of an interest rate increase by year-end draws nearer, according to new market research. Conducted by Centaline Property, the research indicated that Hong Kong recorded 1,410 first-hand private residential property transactions in October, with a total transaction value of HK$18.66 billion (US$2.38 billion). This represented a decline of 5.8 per cent and 12.1...
MANILA, Philippines — Weaker gaming revenues and softer macroeconomic conditions have reduced DigiPlus Interactive Corp.’s nine-month net income to about 12 percent to P8.9 billion from P10.11 billion last year. The Eusebio Tanco-led company said its earnings included noncash fair value gains from its investment in International Entertainment Corp.’s (IEC) convertible bonds. READ: DigiPlus Q1 earnings