NEWS AND UPDATES

• BDO Remit accepts overseas payments for Megaworld devt's

  BANCO de Oro Unibank, through its remittance service brand BDO Remit, has expanded its bills payment service following a partnership with property developer Megaworld Corp.

• BDO Leasing ends 2009 with expanded assets; revenues

  BDO Leasing and Finance, Inc., a wholly-owned subsidiary of Banco De Oro Unibank, ended 2009 with increased revenues amounting to P2.21 billion, up 61.4 percent from the previous year's P1.37 billion.

• BDO audited net income surges to P6.1 billion in 2009

  Banco De Oro Unibank Inc. posted an audited net income of P6.1 billion for the full year 2009, driven by robust growth in operating income and a slower increase in operating costs. This was higher than the P5.5 billion target for the year and represents an increase of 173% over the P2.2 billion income registered in 2008.

• Mom wins Avanza from money sent by US-based daughter

  Agnes Flores of Angeles City, Pampanga took home a brand new 2009 Toyota Avanza after winning the grand draw for the Maagang Pamasko Hatid ng MoneyGram at BDO sa SM promo last January.

• IFR Asia and Alpha Southeast Asia cite BDO Capital for SMB bond issue

  Two foreign publications have separately cited BDO Capital & Investment Corp., the investment banking subsidiary of Banco De Oro, for taking a lead role in the P38.8-billion bond issuance of San Miguel Brewery, Inc. (SMB) in 2009.