BPI taps solar energy
By Doris C. Dumlao
Ayala-led Bank of the Philippine Islands has pioneered the use of solar technology to power selected branches to help curb costs and stabilize supply of electricity.
Ayala-led Bank of the Philippine Islands has pioneered the use of solar technology to power selected branches to help curb costs and stabilize supply of electricity.
Conglomerate Ayala Corp. grew its first quarter net profit by 29 percent year-on-year to P4.5 billion driven by the strong performance of its banking and property businesses.
Ayala-led Bank of the Philippine Islands grew its first quarter net profit year-on-year by 43 percent to P8.4 billion on the back of higher trading gains and net interest income.
A group of importers has asked the court to compel the Bureau of Plant Industry (BPI) to issue importation permits for onions and garlic as it accused the agency of being selective despite the lifting of the quantitative import restriction.
Iconic heavyweight motorcycles from Harley Davidson may soon be rumbling out of the first showroom in the Philippines on Edsa. Construction of the showroom near the Mercedes Benz and Chrysler dealerships in Greenhills is under way and the Harley Davidson home in the Philippines is tentatively scheduled to open to the public on March 2.
Ayala-led Bank of the Philippine Islands yielded in 2012 a record-high net profit of P16.3 billion on the back of higher interest earnings and extraordinary trading gains.
Going down market or “masa market” is key to sustainable growth.
He has all the right DNA—plus of course the training and temperament—that shaped him into the exemplary banking professional that he is today.
Philippine lender Bank of the Philippine Islands said Wednesday it was in talks to acquire local rival Philippine National Bank to create potentially the country’s largest financial institution.
The Bank of the Philippine Islands of the Ayala group is in advanced talks to acquire a majority stake in Lucio Tan-led Philippine National Bank in what could be a major banking consolidation that would make the Ayala banking arm as big as Banco de Oro Unibank.
The Ayala conglomerate spent P25.6 billion to buy 10.4 percent or about half the stake held by Development Bank of Singapore in local unit Bank of the Philippine Islands.
The Ayala conglomerate has agreed to buy about 10.4 percentage or about half of the stake held by Development Bank of Singapore in local banking crown jewel Bank of the Philippine Islands for P25.6 billion in cash.
