What's New Philippines?

All about the Philippines under the sun, which is new, hot, and different.

Sunday, November 1, 2015

BDO Unibank Inc.

BDO Unibank Inc  is a company in the Philippines. It Originally known as Acme Savings Bank, was acquired by the SM Group in 1976.

Banco de Oro is a member of the SM Group, one of the largest conglomerates in the country with businesses covering from retail operations of shopping centers, real estate development (residential, commercial, station / hotel), and financial services . Although part of a conglomerate family, operations on the day of BDO today is managed by a team of bank managers and agents.

Wednesday, October 28, 2015

Bloomberry Resorts Corporation

Bloomberry Resorts Corporation (BLOOM), formerly Active Alliance, Incorporated (ATI), was registered with the Securities and Exchange Commission (SEC) on May 3, 1999. BLOOM is mainly engaged in the manufacture and distribution of consumer and communication electronic equipment and operating in the Subic Bay Freeport Zone until 2003.

January 26, 2012, Prime Metroline Holdings, Inc. (PMHI) acquired 75% of the outstanding share capital of IAA WesPac Holdings Incorporated and other shareholders. A month later, PMHI sold 100% of its stake in Sureste Properties, Inc. (SPI)

Wednesday, October 21, 2015

Bank of the Philippine Islands

The Bank of the Philippine Islands or BPI is the oldest surviving bank in the Philippines. BPI is the third bank in the country in terms of assets and the largest as the market capitalization is taken into consideration. The Bank of the Philippine Islands has a network of 830 branches spread throughout the archipelago and thus has the largest network in the country. The owner of BPI is the Ayala Corporation, one of the largest companies in the Philippines.

The bank has received various awards from various financial magazines such as Euromoney and the Far Eastern Economic Review. In 2005, the bank was named the best consumer bank in the Philippines.