SM 2018 Net Income Up 13% to PhP37B

SM Investments Corp. (PSE: SM) reported a 13% growth in net income to PhP37.1 billion in 2018 from PhP32.9 billion in 2017. Consolidated revenues also rose by 13% to PhP449.8 billion from PhP397.9 billion the previous year. Property accounted for 41% of total earnings, with banks comprising 38% and retail 21%. “Our very good results […]
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BDO Posts Record Net Income of PhP32.7B in 2018

BDO Unibank Inc. (PSE: BDO) posted a net income of PhP32.7 billion in 2018, up by 17% from the previous year’s PhP28.1 billion and beating the bank’s PhP31 billion full-year guidance on strong recurring earnings from its core businesses. The bank likewise capped another milestone as the first Philippine bank to breach the PhP3 trillion […]
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BDO Acquires Rural Bank of Pandi

BDO Unibank Inc. (BDO), through its subsidiary One Network Bank Inc. (ONB), has signed an agreement with Rural Bank of Pandi Inc. (RBPI) for the acquisition of the latter’s banking business in Bulacan. The transaction is seen to provide ONB a stronger presence in the province and fast track its expansion in Central Luzon, one […]
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BDO’s Nestor Tan Voted Best CEO

By Doris Dumlao-Abadilla, Philippine Daily Inquirer BDO Unibank’s long-time chief executive officer (CEO) Nestor Tan was voted “best CEO” in emerging markets (Philippines) in a poll of investors and analysts conducted by New York-based international finance magazine Institutional Investor. The survey is a key feature of the All-Asia (excluding Japan) Executive Team, an annual ranking done […]
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PhP2-B Credit Facility Set for Cosiquien’s Business

Philippine Daily Inquirer The country’s largest lender BDO Unibank (PSE: BDO) has opened a P2-billion credit facility for the real estate business of young tycoon Michael Cosiquien, cofounder of Megawide Construction Corp. (PSE: MWIDE), who is now building his own business empire. The P2-billion loan facility was created by BDO for the iLand Bay Plaza […]
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MPIC Inks Syndicated Term Loan Facility

On 11 January 2018, Metro Pacific Investments Corp. (MPIC, PSE: MPI) signed a PhP8 billion 10-year and 15-year syndicated term loan facility. Proceeds of which will be used by MPIC to partially finance the redemption of the outstanding debt obligations of Beacon Electric Asset Holdings Inc., a wholly-owned subsidiary of MPIC, and for other general […]
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BDO Issues First Green Bond for $150 Million

BDO Unibank Inc. (PSE: BDO) has issued its first green bond, raising $150 million to expand financing for private sector investments that help to address climate change. This marks the first green bond issued by a commercial bank in the Philippines. IFC, a sister organization of the World Bank and a member of the World […]
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LRWC Subsidiary ABLGI Executes OLSA with BDO

Leisure & Resorts World Corporation’s (PSE: LR) wholly-owned subsidiary AB Leisure Global Inc. (ABLGI), as borrower, executed an Omnibus Loan and Security Agreement (OLSA) of PhP2.5 billion with BDO Unibank Inc. (PSE: BDO) – Trust and Investment Group as Security Trustee and the company, LRWC, as Surety. The OLSA was executed to fund the acquisition […]
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