Tycoon Lucio Co-backed Philippine Bank of Communications has named former Security Bank executive John Cary Ong as president and chief executive officer-designate, bringing in a seasoned corporate banker from a larger rival to lead the lender’s next phase of growth.
Five homegrown companies, from gold and broadband to coffee and banking, have landed on Forbes Asia’s 2025 Best Under a Billion list, spotlighting resilient Philippine businesses amid a cooling regional economy.
Tycoon Lucio Co’s Philippine Bank of Communications (PBCOM) successfully raised P7.7 billion from its debut peso fixed rate bonds, which were listed on the Philippine bond exchange on Nov. 5, 2024.