A top executive of BDO Unibank Inc. headed by bankero Nestor Tan raised a total of P6.15 million after cutting his shareholdings a day after the May 9 presidential, national, and local elections.
BDO executive vice president Luis Santos Reyes Jr. unloaded 47,500 shares of the Sy-led bank last May 10 at a price range of P129 to P130 per share.
After the selloff, Reyes still owns 782,080 shares of BDO.
Philippine National Bank (PNB) has received two prestigious awards from the Social Security System (SSS) during the “Balikat ng Bayan” Awards (BBA) 2023 for their adherence to SSS requirements and their commitment to enhancing services for Filipino workers both in the country and abroad.
Celebrating its 61st anniversary, Metrobank’s evolution from a small office in Binondo, Manila, to a leading financial institution is a testament to its growth, diversification, and resilience, earning recognition in the industry and a strong commitment to empowering clients.
The World Bank has approved a $600-million loan to advance the Philippines’ digital transformation agenda, with a specific focus on digitizing government operations, expanding financial inclusion through digital finance, and nurturing the growth of digital services.
The Bangko Sentral ng Pilipinas (BSP) expects September’s inflation rate to potentially rise to 6.1 percent, attributing it to increased gas and power prices, despite recent months of declining inflation.
SM Investments Corporation (SMIC) and its banking arm, BDO Unibank Inc., have been recognized as Outstanding Companies in Asia by Asiamoney magazine in the Environmental, Social, and Governance (ESG) and Banking categories, respectively.
Union Bank of the Philippines (UnionBank/UBP) is set to be removed from multiple Philippine Stock Exchange (PSE) indices, including the PSEi, due to compliance issues with the minimum free float requirement, with Nickel Asia Corporation replacing it in the PSEi.
All rights reserved.
