BPI’s wealth management arm wins bid to manage P1B Pag-IBIG Fund portfolio

<div style="text-align: left;">Pag-IBIG Fund has tapped BPI’s wealth management arm, BPI Asset Management and Trust Corporation (now known as BPI Wealth), to manage an additional P1 billion investment mandate, bringing its total managed fund to P2 billion. This comes after a rigorous 4-month bidding process.</div><div style="text-align: left;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4MckYRzc3BPwqBHCY7617iUQFvMD4RCflCATtqXRIs2d1bqAvqA0qXxG75hBlhft51mykTD89SE5WbcpXxwAtY1dFPGKU4U_NcowGFoSFfaDKXapK27cRcmVXBmxWs5A2z7XGDQSw05OAwmtbqjoqCa56QZd7d4jB6C_1ei06_qScQmJPojs1vqMq/s2048/Pag_IBIG%20Signing%20Ceremony.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1016" data-original-width="2048" height="318" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4MckYRzc3BPwqBHCY7617iUQFvMD4RCflCATtqXRIs2d1bqAvqA0qXxG75hBlhft51mykTD89SE5WbcpXxwAtY1dFPGKU4U_NcowGFoSFfaDKXapK27cRcmVXBmxWs5A2z7XGDQSw05OAwmtbqjoqCa56QZd7d4jB6C_1ei06_qScQmJPojs1vqMq/w640-h318/Pag_IBIG%20Signing%20Ceremony.png" width="640" /></a></div><br /><div style="text-align: left;"><br /></div><div><br /></div><div>In 2019, Pag-IBIG Fund outsourced the fund manager of its P5 billion portfolio. BPI Wealth was awarded the initial bid along with 4 other fund managers. With the recent landmark awarding, BPI Wealth now takes control of the biggest portion of Pag-IBIG Fund's equity investment portfolio that is outsourced to domestic fund managers. </div><div><br /></div><div>“To be selected in the initial bid back in 2019 was an honor as this was a testament to the trust and confidence given to us by one of the largest government financial institutions in the country. We are truly grateful to be awarded this second mandate, being selected among many others who participated in the second round of bidding,” said BPI Wealth President and CEO Maria Theresa Marcial. </div><div><br /></div><div>She also noted that this new mandate only inspires the company to do its best with the funds entrusted by Pag-IBIG: “Financial inclusion has always been at the heart of BPI’s mission. Through this renewed partnership between Pag-IBIG Fund and BPI, we are given the opportunity to further contribute to nation-building by growing the funds that enable Filipinos to live their dreams of having their own homes. This is very much aligned with our brand promise and our new tagline, #liveyourbestlife.”</div><div><br /></div><div>The investment mandate by Pag-IBIG Fund is a pure Philippine equity portfolio. This bodes well for the agency as BPI Wealth positions to seize opportunities in the equity markets as the domestic economy sustains recovery post-pandemic. </div><div><br /></div><div>“The partnership between BPI and Pag-IBIG goes way back. We have experienced first-hand their passion for delivering excellent fund management, and we have full trust and confidence that they will help us realize our vision of inclusive growth for every Filipino. We are excited to continue to benefit from their expertise,” said Atty. Robert John Cosico, Deputy Chief Executive Officer for Support Services Cluster of Pag-IBIG Fund. </div><div><br /></div><div>Earlier this month, Pag-IBIG Fund reported a record-high release of P117.85 billion in home loans to finance the housing units of 105,212 members in 2022. The amount of home loans released by the agency in the said year increased by 21% or P20.57 billion compared to the P97.28 billion released in 2021. </div><div><br /></div><div>Meanwhile, BPI Wealth reported P875 billion in assets under management as of December 31, 2022, making it the largest standalone trust corporation in the Philippines. BPI Wealth is a wholly-owned subsidiary of the Bank of the Philippine Islands authorized to engage in trust and other fiduciary services. </div><div><br /></div>

BPI’s wealth management arm wins bid to manage P1B Pag-IBIG Fund portfolio

Pag-IBIG Fund has tapped BPI’s wealth management arm, BPI Asset Management and Trust Corporation (now known as BPI Wealth), to manage an add...

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BPI Foundation, RAFI Turnover 41 Fishing Boats in Southern Cebu

<p>The Christmas spirit was deeply felt by local fisherfolks in Southern Cebu a year and four days after the rage of Typhoon Odette. </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgywUdvHB4k5Hzy8lwXfnWjJ_tfW3pmlgJj_mtk5SD7yrVp0rJ2EJ-WY0M5kr3nH3KhJ37LsTNdbiqOayp6vdBuZv0e2Np5yEIRAmJXmqEExrFwttQSw2Y_chcF3HahdPJJm94xHFpLcpwEwBfVY1OTZxshzhU5Ne-yc4v_e7nbS13OlCaWQouqzsoO/s624/BPIFoundation-Ramon.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="351" data-original-width="624" height="360" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgywUdvHB4k5Hzy8lwXfnWjJ_tfW3pmlgJj_mtk5SD7yrVp0rJ2EJ-WY0M5kr3nH3KhJ37LsTNdbiqOayp6vdBuZv0e2Np5yEIRAmJXmqEExrFwttQSw2Y_chcF3HahdPJJm94xHFpLcpwEwBfVY1OTZxshzhU5Ne-yc4v_e7nbS13OlCaWQouqzsoO/w640-h360/BPIFoundation-Ramon.jpg" width="640" /></a></div><br /><p>Dedicated to support local fishermen and promote community resilience, BPI Foundation Inc. (BPIF), in partnership with the Ramon Aboitiz Foundation, Inc., through its Humanitarian Disaster Preparedness and Response (RAFI HDPR) program, donated 41 motorized fiber glass fishing boats to selected fisherfolk associations from Sibonga, Barili, Pinamungajan, and Alcantara, Cebu last December 19 and 20, 2022. </p><p>The Balik Bugsay Program provides fishing boats to support the livelihood of fisherfolk communities that have been heavily affected by Typhoon Odette.  After thorough review, assessment, and interviews conducted by the RAFI HDPR, the following fisherfolk organizations were supported by the program:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEieKs9bxxxU9hC4qFwktX4FbmToooeEAGXLVPNFHfU_5vEErdzxhekxW7MX7bWk81pR5WCmLGoRuC2UxPNnV36m2eyK1rYicCvbvje1zvgDgeCBTVMVnUuwiLNjlz7fS3QXYm8ZGRnar12b9dFW0s6DS_3fu2bWQrWxdaWvY3GXRJKmvhp9fJBpDDOV/s672/bpi-ramon.JPG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="465" data-original-width="672" height="442" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEieKs9bxxxU9hC4qFwktX4FbmToooeEAGXLVPNFHfU_5vEErdzxhekxW7MX7bWk81pR5WCmLGoRuC2UxPNnV36m2eyK1rYicCvbvje1zvgDgeCBTVMVnUuwiLNjlz7fS3QXYm8ZGRnar12b9dFW0s6DS_3fu2bWQrWxdaWvY3GXRJKmvhp9fJBpDDOV/w640-h442/bpi-ramon.JPG" width="640" /></a></div><br /><p>After a year of struggling to be back in the waters, fishermen can now set sail in their own fishing boats. </p><p>For Jimmy Eseguerra, a recipient of one of the fishing boats in Sibonga Cebu, the aftermath of Typhoon Odette left him in a tough and disheartening situation. His fishing boat was completely destroyed after Typhoon Odette rammed into his home, leaving him unable to provide for his family while facing an uncertain future. He had to settle with borrowing other people's boats or joining them in fishing trips just to get by.</p><p>“Dako kaayo akong kalipay, labi na usa ko sa beneficiary sa maong tabang nga diin makarecover mi ug balik sa among panginabuhi-an nga diin dili nami mosakay sa lahi na sakayan. Usa pod, maka bubo nami balik sa panudlanan sa kapunongan tali sa maong tabang. (…) Kami, kalipay namong dako nga bisan dako ang kadaot diri sa among kapungongan, nagpasalamat mi nga ang Ginoo nag tan-aw gyod namo ug unsa ang among kinahanglan ug adunay gyoy grasya nga nadawat,” Jimmy expressed. (“I am filled with great happiness because I am one of the beneficiaries who are granted the opportunity to recover our livelihood. Through this help, we won’t have to join in other people’s fishing trips, and we can finally revive our association’s funds. We are greatly happy that despite the immense damage, God has been looking out for us and has provided us these blessings.”)    </p><p>As the social development arm of the Bank of the Philippine Islands, BPIF, through the Balik Bugsay project, hopes to pursue their advocacy of Bayanihan, partnering with like-minded institutions like RAFI, to equip local associations and individuals to be economically disaster resilient by providing them with tools to recover and restore their livelihood. </p><p> “Kami sa BPI Foundation, kauban ang RAFI, nalipay sa oportunidad nga makahatag ninyo ug galamiton alang sa panginabuhi nga makatabang sa inyong pagpadayon pagkahuman sa bagyo.  Tinguha sa BPI Foundation nga molambo ang matag pamilya lakip na kamong mananagat nga dako ug kontribusyon sa atuang komunidad ug ekonomiya,” said Juvylyn Reniva, Associate Director of BPI Foundation.  (“We in BPI Foundation, together with RAFI, are happy with this opportunity to give you tools for livelihood that will help move forward after the typhoon.  It is our aspiration for every family to progress, including the fisherfolk who greatly contribute to our community and economy.”)</p><p>Similarly, with its ongoing initiatives for rehabilitation and recovery, RAFI HDPR continues to support different sectors in the community that still have not recovered from the aftereffects of Typhoon Odette.</p><p>“Kami sa RAFI, aduna kami panultihon nga, Padayon sa Pagbugsay. Karon, ania kami isip tulay gikan ni BPI gipaambit namo kining Balik Bugsay project para maabot ning mga bangka diri, para makapadayon kamo sa pagbugsay sa kinabuhi ug sa inyong panginabuhi-an. Nanghinaot mi nga kining atong mga bangka nga madawat atong gamiton para mas mo lambo ang atong asosasyon ug mas mo nindot ang atong komunidad. Ang among sab nga panglantaw, dili lang ni siya mao ang katapusan natong panagkita, sugod palang ni sa mga umaabot na suporta pinaagi sa mga adbokasiya nga among gibuhat para sa mga Komunidad,” said Pet John Rom, HDPR Head (At RAFI, we have a saying that goes, Padayon sa Pagbugsay! Today, we are here to serve as a bridge from BPI Foundation to you for this Balik Bugsay project, bringing in these fishing boats for you to keep paddling and revive your livelihood. We hope that with the use of these fishing boats, we will see a flourishing fishing association and a vibrant community. We see this as the beginning of the support that we can further give through the advocacies that we have for the community).</p><div><br /></div>

BPI Foundation, RAFI Turnover 41 Fishing Boats in Southern Cebu

The Christmas spirit was deeply felt by local fisherfolks in Southern Cebu a year and four days after the rage of Typhoon Odette.  Dedicated...

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BPI Foundation grants Php 3 million to Philippine social enterprise ecosystem

<div style="text-align: left;">BPI Foundation, the social development arm of the Bank of the Philippine Islands (BPI), recently awarded a total of P3 million in cash grants to the winners of its BPI Sinag Evolution business challenges for three vital Social Enterprise (SE) ecosystem pillars—social enterprises (SEs), educators, and intervenors.</div><div style="text-align: left;"><br /></div><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4EacRwKcHybRvuv9mmPfBMginY5vb-7kgY-XoUg7c4pwuTt8WY3RePn4zwaCp8h3YlJhGshMHDlzeeYBo2sXC15HjT73CURBt3lCXu0CW5jAb7EDxzk8LYf-1xMJ7CAtnrqtXJmZu86S6EvKbH2y6CeyOrjImd02h1eqzV0b0wAruaNTpmHfJPcJD/s1022/bpi.JPG" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="743" data-original-width="1022" height="466" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4EacRwKcHybRvuv9mmPfBMginY5vb-7kgY-XoUg7c4pwuTt8WY3RePn4zwaCp8h3YlJhGshMHDlzeeYBo2sXC15HjT73CURBt3lCXu0CW5jAb7EDxzk8LYf-1xMJ7CAtnrqtXJmZu86S6EvKbH2y6CeyOrjImd02h1eqzV0b0wAruaNTpmHfJPcJD/w640-h466/bpi.JPG" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><p class="MsoNormal" style="line-height: normal; margin-bottom: 0in; text-align: justify;"><i><span lang="EN-US" style="font-family: "Arial",sans-serif; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">The Sinag Evolution Social Entrepreneurship Business Challenge Top 10 Awardees together with BPI Foundation Executive Director Owen Cammayo (top left), BPI Foundation Associate Director Joy Reniva (top center), and Bayan Academy Executive Director Basil Soriao (top right). <o:p></o:p></span></i></p></td></tr></tbody></table><br /><div style="text-align: left;"><br /></div><div style="text-align: left;"><br /></div><div>On its 8th year, the BPI Sinag program, with the theme “BPI Sinag Evolution,” in partnership with Bayan Academy, aims to elevate its impact and achieve inclusive and sustainable growth by implementing, for the first time, a multi-stakeholder approach.</div><div><br /></div><div><br /></div><div>“We believe that a multi-stakeholder approach is key in pushing for the full development of the social enterprise sector,” said BPI Foundation Executive Director Owen L. Cammayo. “It truly takes a village to drive further our shared agenda of creating positive change and lasting impact to society.</div><div>A total of 202 educators, intervenors, and social entrepreneurs applied for this year’s business challenge. After thorough deliberation and intensive boot camps, the finalists were shortlisted and tasked to prepare a pitch of their business plan. </div><div><br /></div><div>Top 10 Social Entrepreneurs</div><div><br /></div><div>Recognized for presenting the most promising projects this year, Breastfeeding Care Center of the North (Baguio City), Coron Natural Farms (Palawan), PHILIA (Sultan Kudarat), Shiftech Marine (Misamis Oriental), and Zarahlan Bokashi Composting (Quezon City) were hailed as the top five awardees of the BPI Sinag Evolution Business Challenge for SEs, while Green Beauty and Wellness Center (Sorsogon), Ride Mommy Delivery Services (Cagayan), Sanagi Agri Tourism Farm (Benguet), Studentship Educational Innovations Philippines, OPC (Sultan Kudarat), and Tableya Filipino (Davao City) took the sixth to tenth spots.</div><div><br /></div><div>To help take their businesses to the next level, each of the top five winners will receive cash grants worth P300,000, while the rest of the awardees will get P100,000 each. The top 10 SEs will also undergo a six-month mentorship program from the pioneering social enterprise incubator Bayan Academy for Social Entrepreneurship and Human Resource Development.</div><div><br /></div><div>Other social enterprises also received special awards. Tableya Filipino (Davao City) won the BPI Direct BanKo NegosyoKo Award with a P30,000 cash grant while 1740 Coffee Genesis (National Capital Region) bagged the Entrego Bizkarte Award with a P30,000 cash grant. Capili Trading Inc. (Misamis Oriental) and Ride Mommy Delivery Services (Cagayan) took home the Villgro Philippines Business Growth Support Award with three-month exclusive mentorship sessions. Moreover, Ride Mommy Delivery Services and Eduksine (Bulacan) obtained the StartUp Village Mentorship Award with a one-on-one mentorship program.</div><div><br /></div><div>On top of these, Sinag SEs will also benefit from market access through the Sinag Sari-Sari Store in Ayala malls nationwide through its partnership with Alagang Ayala Land.  </div><div><br /></div><div>Top 5 intervenors</div><div><br /></div><div>BPI Foundation also named the winners of the pioneer batch of BPI Sinag Evolution Business Challenge for Intervenors earlier this October. This challenge seeks to have a collaborative effort with other organizations that support social entrepreneurs.</div><div> </div><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhluuXvp6EDxZ8Vwt0sH7L4i3sPc6ErhSmSTcxhx_le75L46ot1qY-vXoHfDZpORTtmPVTe77L3ZkpmQXrYk3rnhwnsgtCsko8Ey48Wtf6u44h7m6UBIyq1lWjyyi5GRBrALw4p1fKdvUWQRzHEbTxVUqaZTOvtgUa2EM4D2km66ALn5lb6S3Neq9c_/s873/bpi.2.JPG" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="727" data-original-width="873" height="532" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhluuXvp6EDxZ8Vwt0sH7L4i3sPc6ErhSmSTcxhx_le75L46ot1qY-vXoHfDZpORTtmPVTe77L3ZkpmQXrYk3rnhwnsgtCsko8Ey48Wtf6u44h7m6UBIyq1lWjyyi5GRBrALw4p1fKdvUWQRzHEbTxVUqaZTOvtgUa2EM4D2km66ALn5lb6S3Neq9c_/w640-h532/bpi.2.JPG" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="text-align: left;">BPI Foundation Executive Director Owen Cammayo (top left) and Bayan Academy President Prof. Jay Bernardo (bottom right) together with the winners of the BPI Sinag Evolution Business Challenge for Intervenors.</span></td></tr></tbody></table><br /><div><br /></div><div><br /></div><div>Fashion Innovative Businesses for the Environment, Reformation, and Sustainability (FIBERS), Manila Water Foundation, Lorma Community Development Foundation, Inc., Far Eastern University – Nicanor Reyes Memorial Foundation, and PeaceBuilders Community, Inc. were announced as the top five awardees, in no particular order. These organizations won a cash grant of P100,000 each for their innovative programs for social entrepreneurship.</div><div><br /></div><div>Top 5 educators</div><div><br /></div><div>BPI Foundation also created Sinag for Educators to empower and encourage academic institutions to teach social entrepreneurship to young learners and encourage them to be changemakers in their communities.</div><div><br /></div><div>In July, Camarines Sur Polytechnic Colleges, Catanduanes State University, International School for Better Beginnings, Palawan State University – Narra, and Southville International School were awarded as the top 5 winners of the first-ever BPI Sinag Evolution Business Challenge for Intervenors. Each of the top five winners received a cash grant of P100,000 to implement their proposal.</div><div> BPI Foundation Executive Director Owen Cammayo (top center) and Bayan Academy President Prof. Jay Bernardo (bottom center) together with the top five winners of the BPI Sinag Social Entrepreneurship and Management Program for Educators.</div><div><br /></div><div>To know more about Sinag Evolution, visit https://www.bpifoundation.org/page/bpi-sinag and follow BPI Foundation on Facebook and Instagram. </div><div><br /></div>

BPI Foundation grants Php 3 million to Philippine social enterprise ecosystem

BPI Foundation, the social development arm of the Bank of the Philippine Islands (BPI), recently awarded a total of P3 million in cash grant...

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BPI Foundation supports 90k students from 60 public schools nationwide

<p>PRESS RELEASE. The Bank of the Philippine Islands (BPI), through its social development arm, BPI Foundation, recently turned over printers, ink, and bond paper to the Department of Education (DepEd) for the benefit of over 90,000 students from 60 public schools across seven (7) regions. </p><table align="center" cellpadding="0" cellspacing="0" class="tr-caption-container" style="margin-left: auto; margin-right: auto;"><tbody><tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/a/AVvXsEgLFrbInIoBtV8_6Nr-A-AfxVLCVfg7S2SoX4AGKxAetumHzNNawuECIsvPCQoUeW4hIMbMdwoeRcXDDEKwdUlcvmOXG7U2cKoyNIwKAeOzIWK7sXUFHMeVTjkjZI55w7WVI16mvWX_b93d39AtYCV2j4aEsrD1gKF7tDjL2wR2XcxasTehjlarNosr=s1633" imageanchor="1" style="margin-left: auto; margin-right: auto;"><img border="0" data-original-height="1066" data-original-width="1633" height="418" src="https://blogger.googleusercontent.com/img/a/AVvXsEgLFrbInIoBtV8_6Nr-A-AfxVLCVfg7S2SoX4AGKxAetumHzNNawuECIsvPCQoUeW4hIMbMdwoeRcXDDEKwdUlcvmOXG7U2cKoyNIwKAeOzIWK7sXUFHMeVTjkjZI55w7WVI16mvWX_b93d39AtYCV2j4aEsrD1gKF7tDjL2wR2XcxasTehjlarNosr=w640-h418" width="640" /></a></td></tr><tr><td class="tr-caption" style="text-align: center;"><span style="text-align: left;">Photo shows, from left: Department of Education Undersecretary Tonisito "Tony” Umali and BPI Foundation Executive Director Owen Cammayo during the signing of Deed of Donation and Deed of Acceptance at BPI Buendia Center, Makati City.</span></td></tr></tbody></table><p>This is part of the "Bagong Taon, Bagong Pag-asa" project which aims to ease the challenges faced by public schools, educators, and students as they adapt to a blended learning model and prepare for the return of face-to-face classes amid the ongoing pandemic. </p><p>"Essential to every recovery is the mutual support and cooperation between the government and the private sector," said BPI Foundation Executive Director Owen Cammayo. "We need more changemakers, especially during these challenging times and education is a key enabler for change and nation building.  We are delighted to support DepEd’s Brigada Eskwela program whose slogan – Bayanihan para sa Paaralan – is well aligned with our own advocacy for the Bayanihan culture." </p><p>Each identified public school will receive two (2) printers, bottles of ink with 5,000 yields, and 100 reams of bond paper.  </p><p>DepEd Undersecretary Tonisito "Tony” Umali emphasized the importance of these donations in ensuring the students’ continued education. "Mula sa paggawa ng lesson plan, pag-imprenta ng modules at activity sheets na sasagutin, pati pagbibigay ng feedback, kailangan ng mga papel at gadgets para maipalimbag ang lahat ng ito (From making a lesson plan, to printing modules and activity sheets, as well as for giving feedback, paper and gadgets are needed to print all of it)," he said. </p><p>One of the principals from Tangle Elementary School in Pampanga, Kathrene David expressed her gratitude for the support they received in these trying times, saying, “Bayanihan spirit is still alive. This is what we realize because indeed it was proven that we are never alone in our goals to provide quality education to our learners amid this situation. Thank you for these donations that will surely be of great help for us to deliver quality education to our learners." </p><p>To know more about BPI Foundation, follow its Facebook and Instagram pages and visit www.bpifoundation.org.   </p><div><br /></div>

BPI Foundation supports 90k students from 60 public schools nationwide

PRESS RELEASE. The Bank of the Philippine Islands (BPI), through its social development arm, BPI Foundation, recently turned over printers, ...

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