Chinabank nets P22 billion in 2023, up 15%

Chinabank nets P22 billion in 2023, up 15%

15.5% ROE and 1.6% ROA, still among the highest in the industry Sustained core business strength and stable asset quality with better-than-industry NPL ratio of 2.5% and NPL cover of 104%. Strong capital position with CET-1 ratio of 15.3% and CAR of 16.1%. Book value per share (BVS) grew 12% to P55.82. China…
A Superapp as Wingman: Grab Helps Thousands of Filipinos with Valentine’s Day Plans

A Superapp as Wingman: Grab Helps Thousands of Filipinos with Valentine’s Day Plans

Create their own unique and special kilig celebrations This Feb-ibig trend enabled the leading superapp to fulfill its highest number of bookings for GrabCar in 2024. MANILA, PHILIPPINES – Delivering on its promise of safe, reliable, and value-driven transportation and on-demand deliveries, Grab proved to be an effective wingman for Filipinos last Valentine’s Day.…
SMC opens NAIAx Tramo access ramp to improve traffic headed to airport

SMC opens NAIAx Tramo access ramp to improve traffic headed to airport

A 800-meter access ramp for motorists The Tramo access ramp provides another option for motorists heading to the airport, and other areas in Paranaque City and Cavite province. It can help relieve overall traffic congestion in the area, and improve traffic flow within the vicinity of the airport. San Miguel Corporation’s (SMC) infrastructure…
UnionBank Online System Maintenance

UnionBank Online System Maintenance

We’ll be working to make your digital banking experience better UnionBank Online App and Website will be temporarily unavailable from 8:00 PM of March 2, 2024 to 7:00AM of March 3, 2024 for a series of important system upgrades. This will entail a series of important system upgrades from 8:00 PM of March…
Metrobank books 29% increase in full-year net income in 2023

Metrobank books 29% increase in full-year net income in 2023

Record earnings of PHP42.2 billion, 28.9% higher year-on-year Metrobank solid performance in 2023 was strongly driven by their asset expansion, higher margins, improving efficiency levels and better asset quality. Metropolitan Bank & Trust Co. (Metrobank) posted record earnings of PHP42.2 billion, 28.9% higher year-on-year. This translated to a return on equity (ROE) of…
10 Stories You Need to See! – February 2024 PR Station Press Releases

10 Stories You Need to See! – February 2024 PR Station Press Releases

A roundup of this month press releases from PR Station PR Station is recognized as the leading Press Release and News Release Distribution Service in the Philippines. We boast a network of over 1,000 registered companies and collaborate with a total of more than 1,000 Media Partners. Manila, Philippines - February 29, 2024…
ABOITIZ AND CCEP COMPLETE COCA-COLA BEVERAGES PHILIPPINES, INC. ACQUISITION

ABOITIZ AND CCEP COMPLETE COCA-COLA BEVERAGES PHILIPPINES, INC. ACQUISITION

Build on AEV’s portfolio diversification into the branded consumer goods space Aboitiz Equity Ventures Inc. is well-positioned to support CCBPI’s growth ambition through the synergies which could be generated from AEV’s other business interests in the country. The acquisition would build on CCEP’s successful expansion into Australia, Pacific & Indonesia (API). Aboitiz Equity…
JOLLIBEE RANKS AS SECOND FASTEST-GROWING RESTAURANT BRAND IN THE WORLD

JOLLIBEE RANKS AS SECOND FASTEST-GROWING RESTAURANT BRAND IN THE WORLD

Expertise in Building Brands Jollibee’s 51% brand value growth is a testament to the Jollibee Group’s expertise in building brands that can be scaled across markets globally. MANILA, Philippines. 21 February 2024. – Jollibee has been recognized as the second fastest-growing restaurant brand in the world, according to the latest annual brand ranking report by…