• LandBank net income up 4 percent in 2017
    State-owned Land Bank of the Philippines (LandBank) on Thursday reported a 4-percent rise in net income in 2017, indicating continued growth prospects this year. LandBank reported net income of P14.05 billion for the year, up from P13.58 billion in 2016. The 4 percent expansion equates to P470-million worth of net earnings. “With our solid performance […]
  • BDO unit reports profits of P570 million in 2017
    BDO Leasing and Finance, the listed leasing and financing subsidiary of local banking giant BDO Unibank Inc, reported steady net income for 2017 on a larger loan portfolio and fewer operating costs. The leasing and finance unit on Thursday reported income of P570 million last year, unchanged from the P570 million net profits in 2016. Its […]
  • Primer Group partners with AUB for WeChat Pay
    Asia United Bank (AUB), one of the fastest-growing universal banks in the country, recently added the retail and distribution Primer Group of Cos. to its roster of accredited merchants for the mobile-payment facility WeChat Pay. WeChat Pay is the mobile wallet inside Chinese social-messaging app WeChat, which allows Chinese tourists in the Philippines to conveniently […]
  • Valentin Araneta, 69, passes away
    Monetary Board member and former Philippine Deposit Insurance Corp. (PDIC) President Valentin Araneta passed away on Wednesday, the Bangko Sentral ng Pilipinas (BSP) confirmed. Araneta, 69, was appointed Monetary Board member in July 2014. Prior to his appointment, Araneta served as PDIC president from 2011 to 2014. He was a career banker, having served as independent […]
  • Faith, farm, sports and storm tourism, anyone?
    Tourism Secretary Wanda Corazon T. Tulfo-Teo reads the future correctly that the fate of tourism anywhere lies in addressing sector-specific wants. Department of Tourism (DOT) Region 7 Director Sha Tamano cites faith, farm and sports tourism as generating extreme interest, for instance. Of the three, faith-based tourism exhibits the most promise considering the 90 million […]

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