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DBP income hit P5.3B in 2013

State-owned Development Bank of the Philippines (DBP) registered a net income of P5.28 billion last year, 27.85 percent higher than the P4.13 billion recorded in 2012, buoyed by significant increases in deposits, loans to borrowers and investments.

Posted: February 15th, 2014 in Headlines | Read More »

DBP plans to sell Al Amanah Bank

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Al Amanah

The government is preparing to divest itself of the Al Amanah Islamic Investment Bank of the Philippines, a subsidiary of the state-owned Development Bank of the Philippines, possibly bringing in a new group to run the country’s first and only Islamic bank.

Posted: December 16th, 2013 in Latest Business Stories | Read More »

Goings-on

Security Bank’s Tacloban branch begins full operations on Nov. 25. The bank has also announced that it will temporarily waive ATM fees on all its clients’ ATM transactions in both Tacloban and Ormoc, including those who have been displaced and will be using other bank ATMs.

Posted: November 25th, 2013 in Headlines | Read More »

DBP to issue more notes

State-owned Development Bank of the Philippines (DBP) rides on the back of strong investor demand as it moves to raise the issue size of its first Basel III compliant Tier 2 Fixed Rate Unsecured Subordinated Notes to P10 billion from P5 billion.

Posted: November 16th, 2013 in Headlines | Read More »

Another life claimed

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Another promising career has been destroyed—and a young life tragically ended—in the process of government authorities’ dogged pursuit of the case against former officials of Development Bank of the Philippines for an allegedly behest P660-million loan to businessman Roberto Ongpin in 2009.

Posted: August 6th, 2013 in Headlines | Read More »

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  • Katipunan ‘uprising’: MMDA vs LTFRB
  • QCPD dares 2 men in road rage case to show up, clear names
  • Only 3 of 20 tagged in hazing death appear for DOJ probe
  • Cainta cop held in Manila for ‘tasing’ his ex-worker
  • Sports

  • Cagayan turns back Ateneo in 5 sets
  • Good, bad: Fiba Asia U18 tilt postponed
  • Surprising Chiefs face Bombers; Lions test Stags
  • Duremdes shoulders blame for Falcons’ 37-point debacle
  • PH storms to World Pool QF
  • Lifestyle

  • ‘Usie/ussie’ has more social value than ‘selfie’
  • So very Cory Aquino: A drawer of rosaries
  • Filipino designer makes waves abroad–from weaving
  • Why argan oil is prized–and priced–like gold
  • Senator apologizes to designer
  • Entertainment

  • ‘A Cinemalaya film should still have a life after the fest’
  • Gretchen Barreto keeps mum on Julia
  • Gary Valenciano’s birthday show a family affair
  • No longer in hiding, TNT finds way home
  • Versatile Brit band serves up feast for both the eyes and ears
  • Business

  • Bangko Sentral raises key policy rates
  • Bidders sought for P4-B FTI transport hub project
  • Biz Buzz: SMC-Tan faceoff
  • Dual airport scheme for Luzon urged
  • Only 1 of 10 makes it to 3rd generation
  • Technology

  • Mommy D trends online amid reports she has a boyfriend
  • Britain to trial driverless cars from 2015
  • Japanese gov’t, publishers demand online ‘Manga’ pirates to shut down
  • Twitter flies on surprisingly strong numbers
  • China investigating Microsoft in monopoly case
  • Opinion

  • Editorial cartoon, August 1, 2014
  • Editorials
  • Stop cartels like Philip Morris
  • Backing down from confrontation
  • Valuing teachers
  • Global Nation

  • Foreigner found dead in Cavite tunnel
  • PH to rent ship for evacuation of Filipinos in strife-torn Libya
  • PH ranks with strife-torn Syria, Iraq in human development
  • DFA: Mandatory repatriation in Libya continues
  • Filipinos wary of NY City ID cards for the undocumented
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