Company Overview and News

to your dashboard

Headline News

PT&T eyes comeback, seeks foreign partner

Philippine Telegraph and Telephone Corp. (PT&T) wants to regain its status as a major telecommunications force in the Philippines—revealing plans to provide high-speed internet across the country in three years and possibly tap a foreign telco partner as President Duterte calls for more competition in this sector. (37-0)

PT&T plans to reactivate stock listing

2017-09-25 philstar
MANILA, Philippines — Philippine Telegraph and Telephone Corp. (PT&T) is planning to reactivate its listing on the Philippine Stock Exchange (PSE) within the current fiscal year as it looks to increase clients, as well as grow earnings and revenue. (7-0)

SEC approves 8990’s preferred share offer

2017-09-24 bworldonline
THE Securities and Exchange Commission (SEC) approved on Friday the fund-raising activities of mass housing developer 8990 Holdings, Inc. and Alcantara-led holding firm Alsons Consolidated Resources, Inc. (ACR). (10-0)

3 Monetary Board members confirmed

Finance Secretary Carlos G. Dominguez III yesterday confirmed the appointment of Antonio Abacan Jr. to the Monetary Board of the Bangko Sentral ng Pilipinas as well as the return of Peter Favila and retention of Felipe Medalla to the policymaking body.

AUB earnings jump to P2.3 billion

2017-04-04 philstar
MANILA, Philippines - Earnings of listed Asia United Bank Corp. (AUB) jumped 52 percent amid strong lending to companies as well as small and medium sized enterprises (SMEs).

AUB nets P2.3B

Rebisco group-led Asia United Bank (AUB) posted a 52 percent growth in net profit last year to P2.3 billion, driven by a double-digit expansion in core earnings from lending activities.

PAL to borrow $38 M to buy new aircraft

2016-08-28 philstar
MANILA, Philippines - Flag carrier Philippine Airlines (PAL) is borrowing $38 million from banks to finance the acquisition of an Airbus A321-200 aircraft.

AUB’s H1 profit up 44%

REBISCO group-led Asia United Bank grew its net profit in the first six months by 44 percent year-on-year to P1.23 billion on strong gains from lending and trading activities.

AUB to double branch network

REBISCO group-led ASIA United Bank seeks to become a more significant player in the banking system by doubling its branch network while maintaining its long-term profitability at around 10-15 percent return on equity.

BancNet re-elects Tan, Chua

BDO President Nestor V. Tan and China Bank President Ricardo R. Chua have been re-elected chairman and president,respectively, of BancNet for the 2016-2017 term, the electronic payments consortium announced. Tan is also the president of the Bankers Association of the Philippines.

Restructuring credit card debt just got better

Banks and affiliate credit card companies have an effective way of assisting problematic credit cardholders to restructure unpaid debts and it just started this month.

BancNet reelects top officers

2016-06-13 philstar
MANILA, Philippines - BDO Unibank president Nestor V. Tan and China Bank president Ricardo R. Chua have been re-elected chairman and president, respectively, of BancNet for the 2016-2017 term.

Debt relief schemes for credit cardholders in place

The Bangko Sentral ng Pilipinas (BSP), banks and their credit card units have put in place an inter-bank debt relief program (IDRP) to prevent delinquent payments and assist cardholders with financial problems settle their dues.

AUB nets P573M

THE REBISCO group’s banking arm Asia United Bank (AUB) grew net profit in the first quarter by 27.6 percent year-on-year to P572.9 million, driven by higher interest earnings.

Banks extend hours to fasttrack customs payments

2016-04-04 philstar
MANILA, Philippines - Seven banks have heeded the call of the Bureau of Customs to extend operating hours and facilitate payment clearance for shipments to avoid port congestion, the agency said yesterday.

Bankers discuss ways to cut dirty money flow

AHEAD of Tuesday’s Senate blue ribbon committee hearing on the stolen $81 million that slipped through the cracks of the local financial system, the banking industry Monday met with regulators to brainstorm on ways to cut off the pipeline of dirty money into the country and better police bank employees.

DPWH warns of Holy Week traffic due to road repairs, reblocking

The Department of Public Works and Highways (DPWH) warned the public of heavy traffic during the commemoration of Holy Week due to road repairs in Metro Manila.

BDO’s president Nestor Tan elected as BAP head

BDO Unibank, Inc. president Nestor V. Tan was elected president of the Bankers Association of the Philippines (BAP), to succeed his brother, outgoing BAP president and Rizal Commercial Banking Corporation chief executive Lorenzo V. Tan.

PNB, PLDT units automate SSS pension loan process

2016-02-10 philstar
PNB Savings Bank, a wholly-owned subsidiary of Philippine National Bank, has tied up with a unit of Philippine Long Distance Telephone Co. (PLDT) to automate the end-to-end pension loans process of the Social Security System (SSS).