First Metro named Best Fixed Income House by FMAP

First Metro Investment Corporation, the investment banking arm of the Metrobank Group, was awarded Best Fixed Income House by the Fund Managers Association of the Philippines (FMAP) in their Bankers and Brokers Poll 2021. First Metro vice president and head of…

UBP Net Income up 9% to P12.6 Bn

UnionBank posted a net income of Php12.6 billion in 2021, 9% higher than in 2020. Earnings performance translated to above-industry return on equity of 12.0%. Net revenues were at an all-time high of Php45.1 billion, up 7% year-on-year (YoY). Net…

GlobalData: Philippines an ideal hyperscaler hub

Hyperscalers looking for geographic expansion should consider the Philippines for its strong legacy in the business process outsourcing (BPO) industry, future of work programs, and hyperscale roadmap—a study conducted by data analytics and consulting company GlobalData showed. According to the…