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Showing posts with label Business amp; Finance. Show all posts
Showing posts with label Business amp; Finance. Show all posts
New Business Initiatives in the Philippines Hand in Hand with Global InterGold

New Business Initiatives in the Philippines Hand in Hand with Global InterGold

The Philippines is a country full of different business offers. However, there is one entrepreneurial opportunity that is flourishing particularly well in the country.

This is how thousands of Filipinos prefer to fulfill their business potential.

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16 Philippine Banks Make it in Asia Pacific's Top 500

Sixteen Philippine banks have made it to the list of Top 500 strongest banks in Asia Pacific according to a study by The Asian Banker.



The Asia Pacific largest banks are ranked based on asset size of banks in the whole Asia Pacific region including the following countries: Australia, Bangalesh, Brunei, China, Hong Kong, India, Indonesia, Japan, Macau, Malaysia, Myanmar, New Zealand, Pakistan, the Philippines, Sri Langka, South Korea, Singapore, Taiwan, Thailand and Vietnam.

Here are the largest Philippine Banks and their rankings in the Top 500:

1. Banco de Oro (BDO) - 186th
2. Metrobank - 197th
3. Bank of the Philippine Islands (BPI) - 200th
4. Land Bank of the Philippines - 264th
5. Rizal Commercial Banking Corporation (RCBC) - 317th
6. Philippine National Bank (PNB) - 324th
7. China Banking Corporation (Chinabank) - 338th
8. UnionBank of the Philippines - 343rd
9. Allied Banking Corporation - 384th
10. United Coconut Planters Bank (UCPB) - 387th
11. Security Bank - 398th *
12. BPI Family Savings Bank - 415th *
13. Bank of Commerce - 449th
14. Philippine Savings Bank - 452nd
15. East West Banking Corporation - 466th *
16. RCBC Savings Bank - 497th *

* new entries this year

The Metropolitan Bank & Trust Co. (Metrobank) has been adjudged the strongest bank in the Philippines, and the Philippine Savings Bank (PSbank) the strongest among the three thrift banks.

The biggest in the Philippines, however, is still Banco de Oro which improved its ranking from 195th in 2010 to 186th this year.

Japan and China dominated the Top 10 in the region with Mitsubishi UFJ Financial Group at no. 1 and two other Japanese banks in the Top 10, while the Industrial and Commercial Bank of China or ICBC settled for no. 2 with 3 other Chinese banks in the Top 10. Completing the Top 10 are two from Australia and one from Hong Kong.

Of the top 50 banks in Southeast Asia, BDO has been ranked 36th; Metrobank, 40th; and BPI, 43rd.
Bagong Nayong Pilipino Entertainment Complex Soon to Rise

Bagong Nayong Pilipino Entertainment Complex Soon to Rise



Dubbed as the "New Nayong Pilipino," an integrated resort with a world class theme park, casinos, hotel, museum, shopping malls, sports arena, coliseum and a sky high tower will soon rise near the SM Mall of Asia complex in Pasay City.

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Philippines’ one of Asia’s bright spots

The Paris-based International Chamber of Commerce said the Philippines remains one of the economies in the region insulated from the effects of the global economic downturn.

This was the observation of Dr. Victor Fung, chairman of the ICC.

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