Bank lending growth slows in February
PJCOMP-FREEPIKBy Aaron Michael C. Sy, Reporter BANK LENDING growth slowed in February, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed. Outstanding loans of universal and commercial banks rose by 12.2% year on year to P13.03 trillion in February from P11.61
Real estate lending to require closer monitoring amid rising risks — BSP
Dark clouds hover over Metro Manila, March 18, 2025. — PHILIPPINE STAR/MIGUEL DE GUZMANBy Luisa Maria Jacinta C. Jocson, Senior Reporter LENDING to the real estate sector will need tighter supervision amid emerging risks that could impact the financial system, a
Domestic trade in goods jumps by 23% in 2024 as economy picks up
Trucks are seen along the South Luzon Expressway. — PHILIPPINE STAR/MIGUEL DE GUZMANDOMESTIC TRADE in goods grew by 23.1% to P1.31 trillion in 2024, reflecting the uptick in overall economic activity, analysts said. According to the Philippine Statistics Authority’s (PSA) Commodity
East West Banking Corp. to hold virtual Annual Stockholders’ Meeting on April 24
East West Banking Corp. to hold virtual Annual Stockholders' Meeting on April 24 - BusinessWorld Online Spotlight is BusinessWorld’s sponsored section that allows advertisers to
BDO Unibank, Inc.: Notice of 2025 Annual Stockholders’ Meeting (Second Publication)
BDO Unibank, Inc.: Notice of 2025 Annual Stockholders' Meeting (Second Publication) - BusinessWorld Online BDO Unibank, Inc. will hold its Annual Stockholders’ Meeting on April
Manila Water moves forward with P95-B capex through 2027
MANILAWATER.COMEAST ZONE concessionaire Manila Water Co., Inc. said it is continuing its P95-billion capital expenditure (capex) program for water and wastewater projects, which began in 2023 and will run until 2027. “Manila Water will be undertaking considerable fundraising activities to support
SM Prime sets sights on premium residential development
JOSE JUAN Z. JUGOBy Revin Mikhael D. Ochave, Reporter REAL ESTATE company SM Prime Holdings, Inc. is entering the country’s premium residential market. “The premium segment is shock-resistant,” SM Prime Holdings Executive Vice-President and Premium Residential Line Head Jose Juan Z. Jugo
MPH plans to acquire at least 4 hospitals this year
Asian Hospital and Medical Center — ASIANHOSPITAL.COMMETRO PACIFIC Health Corp. (MPH) is aiming to acquire at least four hospitals this year, the company’s president said. “The last two years were rather good, with four transactions made in 2023 and 2024… I’m
BPI sees double-digit consumer loan growth
BANK of the Philippine Islands (BPI) expects its consumer loans to grow by 10% to 12% this year as it continues to expand its customer base and with its auto and home lending businesses staying strong. “We’ve crossed the P100-billion mark
FDC boosts 2025 capex by 20% to P24 Billion
ONE FILINVEST IN ORTIGAS AVENUE — FILINVEST.COMGOTIANUN-LED conglomerate Filinvest Development Corp. (FDC) has allocated a P24-billion capital expenditure (capex) budget for 2025 to drive growth. The conglomerate’s 2025 capex is 20% higher than the P20 billion set aside for 2024, FDC