Tune in to the Shopee 8.8 Mega Flash Sale TV Special to win up to ₱8 Million Worth of Prizes

This August 8, viewers can also look forward to big price drops from top brands, plus appearances by local celebrities such as the Queen of all Media Kris Aquino

Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, invites Filipinos to tune in to the Shopee 8.8 Mega Flash Sale TV Special on GMA-7 and Shopee Live this August 8, Sunday, 10:00AM to 12:00NN. 

Viewers can enjoy two whole hours of entertainment and shopping with over ₱8,000,000 worth of prizes, exciting flash deals from leading brands in the country, and special appearances from local celebrities.

Here are the highlights of the 8.8 Mega Flash Sale TV Special:

• Over ₱8,000,000 worth of prizes

Viewers should stay tuned for a chance to win plenty of prizes. Eight lucky Watch & Win players will each take home ₱100,000 in cash, ₱10,000 worth of ShopeePay credits, a tablet, and a jacket. Meanwhile, three Shopee Shake players can each win ₱800,000. Users should also play Shopee Quiz for a chance to win up to ₱800,000. Finally, one Shopee Milyonaryo jackpot prize winner gets to claim not just ₱1,000,000, but also eight Lucky Shopee Prizes worth ₱500,000 in total. 

• Limited-time flash deals from top brands

Shoppers can enjoy limited-time flash deals from their favorite brands such as Enfagrow, Lactum, Argentina, Potato Corner, Domino’s, Huawei, SM, Gong Cha, Bonchon, and Tiger Sugar.

• Kris Aquino’s television comeback

Queen of all media Kris Aquino returns to television as the game master of Shopee Quiz and the host of ShopeePay’s Bongga kay Kris, during which she will share money-saving tips and tricks using ShopeePay. Fans can look forward to the iconic TV personality’s trademark fun and quirky quips.

• Appearances and performances by other local celebrities

Ariella Arida and Glaiza de Castro will join TV Special host and Shopee brand ambassador Willie Revillame as his co-hosts. Patricia Tumulak and Victor Anastacio will also host segments. Finally, Andrea Torres and Bianca Umali will star in an all-out K-Pop themed number. 

Shopee 8.8 Mega Flash Deals Sale

Until August 8, Filipinos can enjoy promotions such as midnight flash deals, ₱8 flash deals, and free shipping with no minimum spend at the Shopee 8.8 Mega Flash Deals Sale. Shoppers can also enjoy up to 90% off on a variety of brands.

Shoppers can also pay safely from their homes by going cashless with ShopeePay. On August 8, users can enjoy ShopeePay promotions such as up to 50% cashback on Bills Payment; 10% discount on mobile load; and ShopeePay ₱1 Deals from Puregold, Seaoil, Potato Corner, and more during over 33x flash timings. On August 7, shoppers should also top up their ShopeePay wallets through their debit card, online banking, or over-the-counter payment partners with a minimum of ₱300 for a chance to win ₱20,000 ShopeePay credits. 

To win up to  ₱5,000 worth of ShopeePay credits, users can also join the #BudolFinds challenge on Tiktok until August 8. Interested participants should buy products from the Fashion, Food & Beverages, Electronics, Beauty/Personal Care, and Home categories on Shopee, shoot a creative 30-second review, and include the hashtag #BudolFinds in the caption. For more details about the #BudolFinds challenge, visit https://shp.ee/u6vfw6j.

For more information about the 8.8 Mega Flash Deals Sale, visit https://shopee.ph/m/8-8. 

Download the Shopee app for free via the App Store or Google Play.

About Shopee

Shopee is the leading e-commerce platform in Southeast Asia & Taiwan. Shopee connects shoppers, brands, and sellers across Asia and other fast-growing markets, empowering anyone to buy and sell anywhere and at any time. 

Shopee offers an easy, secure, and engaging experience that is enjoyed by millions of people daily. It offers a wide product assortment, supported by integrated payments and logistics, as well as popular entertainment features tailored for each market. Shopee is also a key contributor to the region’s digital economy with a firm commitment to helping brands and entrepreneurs succeed in e-commerce.

Shopee is a part of Sea Limited (NYSE:SE), a leading global consumer internet company. In addition to Shopee, Sea’s other core businesses include its digital entertainment arm, Garena, and digital financial services arm, SeaMoney. Sea’s mission is to better the lives of consumers and small businesses with technology.

About Shopee Mall

Shopee Mall is the region’s leading online mall offering one-stop access to a wide range of international and local brands and retailers. Shoppers can enjoy three guarantees delivered by Shopee Mall -- 100% authentic products, free returns and free shipping. With always-on deals, entertainment and a robust loyalty programme, Shopee Mall offers an unparalleled online shopping experience and best value all year round.

About ShopeePay

ShopeePay is an integrated mobile wallet that offers users easy access to digital payment services. Launched in the Philippines in 2019, ShopeePay enables a seamless shopping experience by allowing users to make online payments on Shopee, top-up their wallets, and transfer and withdraw funds.

ShopeePay makes it easier to shop and do business. It provides users with a convenient, secure, and rewarding payment option; it empowers businesses and helps them capture new opportunities. 

ShopeePay is part of SeaMoney, the digital financial services arm of Sea Group. A leading digital payments and financial services provider in Southeast Asia, SeaMoney’s mission is to better the lives of individuals and businesses in the region with financial services through technology.

Shopee Mall Brands Ramp Up Efforts to Maintain Steady Growth at the 8.8 Mega Flash Sale

 

With the upcoming Shopee 8.8 Mega Flash Sale, brands such as Oppo, Colgate-Palmolive, and Nestle share how they maximize their strengths to establish themselves as a prime player in the e-commerce landscape and how this gives them the opportunity to give their customers value for money deals and provide them with a more engaging online experience. 

In line with Shopee’s aim to offer its users convenient access to brands and their amazing deals, Shopee invites everyone to check out the Shopee 8.8 Mega Flash Sale happening until August 8. 

Shoppers can look forward to free shipping with ₱0 minimum spend, ₱8 peso deals, and up to 90 % off on brand favorites such as Lactum, Xiaomi, realme, vivo, OPPO, Colgate-Palmolive Philippines, Nestlé Store, Pampers, P&G Beauty, Unilever Beauty, L'Oréal Paris, INSPI, The SM Store, Huawei Official Store, Johnson & Johnson, and Abbott Philippines.

“Shopee has provided us with really good support to engage with our customers. Shopee also helped us gain traction in our store with the help of Shopee Ads and Top Picks. Through marketing campaigns and engagement tools, we were able to grow our brand and reach more people with our products.” ~Sam Li, E-Commerce Manager at OPPO Philippines

Leveled-up customer engagement for OPPO 

As a leading global smart device company, OPPO sees its partnership with Shopee as a great avenue to connect and virtually interact with its customers. Through in-app features like Shopee Live and Shopee Feed, they get to explain their products in real-time and get to answer questions sent via the comments section. This unique interaction between brand and buyer is a way to build customer loyalty, especially now that people are shopping online for their needs. 

“Shopee has been a collaborative partner to the Colgate-Palmolive team. Over the years, we have worked closely together to bring to life our brand experience in the digital space and make our products accessible to all our consumers. We will continue to work together to ensure that our shoppers stay engaged and excited about our upcoming campaigns.” ~Erica Sangoyo, eCommerce Team Leader at Colgate-Palmolive Philippines

Growth opportunities for Colgate-Palmolive Philippines 

Over the last two years, Colgate-Palmolive Philippines has been pushing its business expansion in the digital space exponentially. Colgate-Palmolive Philippines’ Official Store on Shopee Mall grew strongly from 2019 to 2020 and is expecting to sustain its momentum through 2021, led by Tender Care, Palmolive, Colgate, Ajax, and Irish Spring. The Colgate brand also recorded a notable 7x uplift in orders during its first Shopee Super Brand Day with a campaign that focused on celebrating individuality and bold self-expression. This 8.8, Colgate-Palmolive Philippines is excited to maximize the Flash Sale feature as it allows them to introduce their products to new customers and get shoppers excited about the brand’s promos. 

“Shopee is a valued partner of Nestlé in supporting our brand initiatives and growing our e-commerce footprint. We consistently work with Shopee on activities to increase our brand’s online sales and delight our consumers. We are looking forward to continuing working together with Shopee to be able to deliver a great user experience for a growing customer base and are excited to further grow the partnership in the coming years.” ~Ariana Henares, E-Commerce Manager at Nestlé Philippines

Evolving consumer experience for Nestlé

To cater to the evolving consumer landscape, Nestlé consistently utilizes Shopee’s onsite solutions that work best with the brands under them. Nestlé launched the International Coffee Day Campaign in 2019 but expanded it to incorporate it with its Nescafe CSR initiatives last 2020. They saw significant growth during the campaign and it was also a great way for them to build brand equity with Shopee’s millennial customer base. 

In line with Shopee’s aim to offer its users convenient access to brands and their amazing deals, Shopee invites everyone to check out the Shopee 8.8 Mega Flash Sale happening until August 8. Shoppers can look forward to free shipping with ₱0 minimum spend, ₱8 peso deals, and up to 90 % off on brand favorites such as Lactum, Xiaomi, realme, vivo, OPPO, Colgate-Palmolive Philippines, Nestlé Store, Pampers, P&G Beauty, Unilever Beauty, L'Oréal Paris, INSPI, The SM Store, Huawei Official Store, Johnson & Johnson, and Abbott Philippines.

To save more on purchases from your favorite brands, use ShopeePay to enjoy daily free shipping and coins cashback. Top up your ShopeePay wallet through your debit card, online banking, or over-the-counter payment partners. Get up to 50% cashback when you pay your electricity, water, and internet bills with ShopeePay. Enjoy ShopeePay ₱1 Deals from Puregold, Seaoil, Potato Corner, and more; 10% off on mobile load; and flash deals on mobile load & data for as low as ₱1. 

For more information on the Shopee 8.8 Mega Flash Sale, visit https://shopee.ph/m/8-8.  

Download the Shopee app for free via the App Store or Google Play.

Lesha's Beats to Magnetize the World

Dubbed as a Filipina with Global Sound, Lesha has come a long way since her cover song beginnings.  From gaining popularity on Youtube to winning international and local musical competitions over the years and independently releasing her own beats, Lesha is set to conquer the spotlight once again through her very first album dropping online very soon, aptly entitled Sun Moon Rising.  

On being a staunch believer of manifestation.

“I started realizing this gift as soon as I was learning how to write my own songs at 13 years old. Majority of the songs that I’ve written in the past were predictions that I’ve manifested or possibly just about to manifest into my life. The way the universe communicates with me is through my songs and that’s basically why I chose to name this album SUN MOON RISING because it is in relation to the entire concept of astrology and how the universe works to communicate with us human beings. All of the songs in my upcoming album are an artistic manifestation of my different walks in life and it also touches on how I see the world from my point of view which I feel hasn’t been expressed that well in my previous releases.”

On being a standout and being able to inspire.

“I guess what sets me apart from all the other artists out there is that I’m not just your typical singer/ performer. I am also my own music producer, songwriter, director/editor, and marketing strategist. Something that isn’t normal for many rising female artists today especially in the Philippines. Ever since I started pursuing music as a professional career, I always told myself that I aspire to be an inspiration to the youth or aspiring artists through my artistic process and of course, my music. From the beginning I knew I wanted to be in control of my sound and my songwriting. I hated the idea of not having creative control over my work or me having to rely on other people to help me make music. Although I still experience a lot of trial and error along the way, but this is how I grow as a producer and really find ways to mix and match different musical styles & genres that inspire me and integrate it into my music which is how I get to create music that is unique to me and distinct to my listeners.”

The universe has its way of telling us to pursue our passion, do hard work, put all your heart into it and attract positivity. For fast rising electropop artist and music producer Lesha, being guided with this belief has led her to sincerely build her dreams, work doubly and soon, everything she manifested will come true. 

On finding her own beat and having that global sound.

“I started releasing my original tracks and song covers on Soundcloud and YouTube back in 2013. I would play around with GarageBand, a bunch of iPad apps, and I would write songs for fun and post them! In every song I covered, I added my own twist by chopping up my vocals and create an EDM-ish drop which quickly became a signature sound of mine. My unique remixes of my song covers is what made me gain popularity as a cover artist on YouTube. This later on lead to me winning local and international talent competitions and has opened opportunities for me to work with many international producers who are good friends of mine and involved in the making of my album, SUN MOON RISING!”

On working independently.

“I’ve always been known for being very DIY with my entire artist process because aside from being self-taught in music production, I did the same with film. As a budding artist back then, I knew I had to find a way to also know how to shoot and edit my own music videos to help me promote my music in the future. Being the very geeky techie person I am, I again started learning how to work with cameras and editing software through tutorials on YouTube. All of my music videos uploaded on my YouTube channel are filmed in my house and edited by me with a little bit of help from my family. For college, I took up Marketing Management because I know this is also a very crucial part of being successful in this industry. I did social media management freelance and also interned as a digital marketing strategist. I basically had to learn all the loops in my career so I don’t get taken advantage of in this very brutal industry.”

The law of attraction seems to have instilled into Lesha’s perspective and how it completely helped her achieve what she has envisioned early on.  Once again, she is making things happen in her favor as she finally launches her debut album entitled Sun Moon Rising this coming August 6, with the title track ‘Sun Moon Rising’ dropping on the same day.  There are a lot of exciting things that is yet to unfold as the other album tracks with different global collaborators are set to drop in the next coming months.

On global collaboration. 

“On this album, I was able to bring in my collaborators from all around the world (producers & artists from the UK, USA, Seoul, Barcelona, Bahrain, and Italy) to work with me on this very special project. It was a very collaborative process and it was a breath of fresh air working with these insanely creative minds. Through this record, I was able to mold my sound and really showcase my capabilities as a music producer and songwriter. I worked on this record from the backend to the front and I’m really proud of myself for that.”

On pushing one’s passion.

“If being in the music industry is something that you really want to pursue, by all means go for it and put your heart into it. Artists that have that grit and passion for what they do will definitely make it farther, so be prepared for the struggles you’ll have to face cause this industry is tougher than it looks. I myself started out DIYing everything as an artist (which I still do to this day) so I believe anyone could do the same as long as there is willingness to learn and there is a clear goal. There will always be people who will have opinions about you or your work which is something I learned the hard way. You have to know how to segregate the hate from constructive criticism. Keeping this in mind really helped me grow and give myself a reality check from time to time. Sometimes all you need are people who truly believe in you and your capabilities in order to succeed.”

SUN MOON RISING Album under Star Music is coming soon with the first track “SUN MOON RISING” (carrier single) dropping this August 6, 2021 on all digital music streaming platforms! Watch as we unveil each track included in the album every month! You can check out Lesha’s  music on Spotify or watch the official music videos, covers, and learn more about music production on Lesha’s YouTube Channel. Check out Lesha’s official page to know more updates.

Get to know more of Lesha’s pursuits as she reveals her innermost thoughts on her path to self-discovery, gaining artistic prowess and fulfilling her purpose.

OPPO’s 8.8 Shopee Super Brand Day Sale it’s raining deals and discounts

8.8 OPPO Brand Day Sale

Calling all OPPO fans and users who are looking to score a new phone or gadget - set your alarms for the upcoming OPPO Super Brand Day Sale on Shopee. From August 8-12, score up to 40% off on bestselling A Series and Reno Series smartphones, like A12 4GB, A15s, A54 6GB+128GB, Reno4 and Reno5, as well as accessories, like Enco Buds and Band B1, and even a special offer on the all-new Reno6 Z 5G!

OPPO A12 3D Diamond Blaze Design in Blue

OPPO’s Sweetest Deal Yet

The mega sale extends OPPO’s offers beyond the usual Shopee 8.8 sale, so you can avail of more special discounts and freebies. Want to be one of the first to score the all-new Reno6 Z 5G? Get a limited time Php1000 discount on your order and a free pair of G25 Sports Earphones worth Php1499, when you purchase a Reno6 Z 5G starting August 6 until August 14. 

OPPO A15s Face Recognition

OPPO Reno6

During the five-day sale, all OPPO buyers will get FREE shipping for orders above Php3,999, as well as a FREE DITO Sim card with 10GB data for all smartphone orders. If you’re extra excited for the sale, you can start collecting Php200 store-wide vouchers from August 3, which you can use during the special OPPO sale period for a minimum spend of Php9,999.

OPPo A54

The new OPPO Reno 4 in Galactic Blue

Want more? Be one of the first 500 smartphone buyers on August 8 or checkout your new OPPO smartphone on August 11 from 8pm-11:59pm, and take home a FREE pair for G25 Sports Earphones worth Php1499! If you’re feeling extra lucky, OPPO will be having flash sales throughout the Shopee 8.8 Super Brand Day Sale to give you up to Php500 more on discounts for all participating gadgets. 

So what are you waiting for? Add your favorite OPPO products to your Shopee cart and score big on infinite deals this 8.8 and beyond!

For more information on OPPO’s 8.8 Sale and Super Brand Day Promo on Shopee and a full list of discounts and offers, visit OPPO’s Official Flagship Store on Shopee.

ABOUT OPPO 

OPPO is a leading global smart device brand. Since launching its first smartphone-"Smiley Face"-in 2008, OPPO has been in relentless pursuit of the synergy of aesthetic satisfaction and innovative technology, Today, OPPO provides customers with a wide range of smart devices spearheaded by the Find and Reno series, ColorOS operating system, as well as internet services such as OPPO Cloud and OPPO +. OPPO operates in more than 40 countries and regions, with 6 research institutes and 4 R & D centers worldwide and an international design center in London, OPPO's more than 40,000 employees are dedicated to creating a better life for customers around the world.

Pain, Pain Go Away: Different methods to Alleviate Common Movement-related Pain

“Pain, weakness and immobility are shackles that must be broken with a combination of diagnostics, therapeutic interventions, prescription of physical modalities, exercises, pharmaceuticals, orthotics and prosthetics. That is rehabilitation medicine.” ~Dr. Eric Basuil, the current Chairman of the Rehabilitation Medicine Department

Staying Healthy is our main goal and fighting against  today's main concern COVID-19, but other than staying healthy we must also stay strong in our every day lives. Cardinal Santos Medical Center (CSMC) continues its series of health-related Educational Webicons with “Pain, Pain Go Away: A Webicon on Different Methods to Alleviate Common Movement-Related Pain.” With the right knowledge and information, you no longer have to suffer in pain. Experts from Cardinal Santos Medical Center help you conquer your physical limitations, and improve your mobility for a better quality of life. Make your body move the way you want to. Experts on Rehabilitation Medicine of Cardinal Santos Medical Center conducted this timely discussion about Common Movement-Related Pain and how we can alleviate them through different methods. This collective effort aims to increase awareness and provide attendees with tips that are practical to everyone especially those that are spending most of their time working at home.

In the webicon held via ZOOM on July 27, CSMC tapped its top specialists from the Rehabilitation Medicine Department to discuss movement-related pain, what can be done to alleviate it, and the services CSMC offers for a more holistic healing process. The speakers’ panel was composed of Dr. Joanna Macrohon, Dr. Bee Giok Tan-Sales, Dr. Ramil Martinez, and the Chairman of the CSMC Rehabilitation Medicine Department, Dr. Eric Sherwin Basuil.

Opening the webicon, Dr. Macrohon and Dr. Tan-Sales discussed the different types of back pain and knee pain, respectively. As many Filipinos are compelled into a sedentary lifestyle due to the pandemic, this idleness and lack of mobility have caused body pains to many individuals. In order to prevent these afflictions, they dispelled common myths about back and knee pain, and gave advice on how patients can avoid or treat them.

Dr. Joanna G. Macrohon, M.D. - Consultant, Department of Rehabilitation Medicine

Dr. Bee Glok Tan-Sales, M.D. - COnsultant, Department of Rehabilitation Medicine

Meanwhile, in his talk, Dr. Martinez touched on CSMC’s holistic approach for post-stroke therapy, noting that CSMC houses advanced, state-of-the-art facilities such as upper extremity robotics services that allow patients to continue receiving therapy despite the pandemic.

Dr. Romil M. Martinez, M.D. - Consultant, Department of Rehabilitation Medicine

In the webicon, CSMC also invited Mr. Juan Rafael Montaño, a 21-year-old patient who underwent rehabilitation and therapy through the hospital’s program, to give his testimony.

“I came to [CSMC] three times a week for my rehab sessions. Dr. Basuil and the physical therapists were very accommodating and attentive to my concerns. With their help, I was able to [recover], and now I am able to open my hand.”

Mr. Juan Rafael Montaño, a 21-year-old patient who underwent rehabilitation and therapy

Recalling his ordeal, Mr. Montaño shared how he suffered severe neck and back pain caused by a tumor in his spine. After having the tumor removed through surgery, Mr. Montaño found he could no longer open his right hand.

The webicon was rounded off with a Q&A portion for Dr. Macrohon, Dr. Tan-Sales, and Dr. Martinez. Dr. Eric Basuil, the current chairman of the Rehabilitation Medicine Department, took part in the Q&A as well, and synthesized all the points the speakers made throughout the webicon.

Dr. Eric Basuil, the current Chairman of the Rehabilitation Medicine Department

For more information about CSMC’s rehabilitation and therapy services, as well as other services the hospital offers, please visit https://cardinalsantos.com.ph/. CSMC is also on Facebook, like and follow them at www.facebook.com/CardinalSantos. 

“Medicine may add years to your life, but rehabilitation medicine adds life to those years.”

ABOUT CARDINAL SANTOS MEDICAL CENTER

Cardinal Santos Medical Center (CSMC) is a 269-bed private tertiary hospital located in West Greenhills, San Juan City. The hospital is known for its pioneering and world-class services in the fields of Neurosurgery, Oncology, Rehabilitation Medicine, Cardiology, and Minimally Invasive Surgery. CSMC boasts of some of the most respected medical professionals today with expertise in a variety of specialties, ensuring that patients can access the healthcare that they need and deserve. With a commitment to clinical excellence, and a dedication to compassionate care, CSMC is one of the most sought-after medical institutions in the country today.

GCash, Hope and Century Pacific plant 1M coconut trees to boost farmers' income

“We are excited to partner with HOPE and Century Pacific as we work together to promote environmental sustainability, and support farmers in South Cotabato and Sarangani. Through this program that will be implemented via GForest, we now have planting sites in Luzon, Visayas, and Mindanao. We are committed to promote environmental stewardship through GForest, as we seamlessly integrate this with GCash’s innovative cashless technology,” ~Martha Sazon, GCash President and CEO

GCash_GCash, Hope and Century Pacific plant 1M coconut

GCash, the Philippines’ leading mobile wallet, together with the non-profit organization HOPE, and Century Pacific Food, one of the country’s largest branded food companies, will be working together to fund the planting of 1 million coconut trees in the provinces of South Cotabato and Sarangani. This will be done via GForest, the environmental protection feature on the GCash app. This marks the first time that a GForest tree-planting initiative will be implemented in Mindanao, extending the app's reach nationwide, and helping thousands of farmers in the province.

HOPE has been working to provide agriculture interventions such as replanting, farmer training, intercropping, and increasing market access to smallholder farmers in Mindanao since 2014. To date, they have distributed over 100,000 quality seedlings to over 10,000 smallholder farmers in the region.

With this tree-planting partnership, the farmers are expected to increase their nut yield by 55% and their income from coconuts by 90%. It will also have a positive effect on female farmers, who comprise 40% of the farmers in the program. 

The project will cover the areas of:

• Sarangani
• Banga
• Surallah
• Norala
• Koronadal
• General Santos City
• Malungon
• Glan
• Alabel
• Maasim
• Kiamba
• Maitum
• Polomolok
• Tampakan
• Tupi

GForest allows customers to take an active role in helping mother nature through tree planting. GCash users can do this by collecting enough green energy to plant virtual trees. When users plant a virtual tree, GCash then plants a real tree, which users may select on the app. GForest users earn green energy points by using various cashless services of GCash. Through sending money, paying bills or buying load in the app, users are awarded green energy points for adopting a lifestyle that reduces their carbon footprint. 

“We are grateful for this partnership with GCash and Century Pacific as it expands our reach and intensifies our efforts toward sustainability and environmental protection. Through this initiative, we are able to reach out to millions of GCash users, encouraging them to preserve the environment while helping to support smallholder farmers.” ~Nanette Medved, HOPE Chairperson and President

Since 2019, 7.7 million registered users have “gone green” using the GForest feature on the GCash app. To date, more than 560,000 trees have been planted in various parts of the Philippines. 

"This partnership with HOPE is a big boost to our GForest program as it will bring us closer to our sustainability goal of having a "greener Philippines" simply by promoting cashless transactions.” ~Chito Maniago, GCash’s Vice President of Corporate Communications and Public Affairs

Since 2018, GCash has been actively involved in promoting a greener Philippines. It partnered with the Ramon Aboitiz Foundation Inc. (RAFI) for the reforestation initiatives in the Visayas. GCash users with energy points can adopt different species of trees to save them. RAFI, through its One to Tree Program Unit which encourages communities to help protect and rehabilitate the environment, is involved in establishing native tree nurseries and tree plantations in Cebu. 

For more information, visit https://www.gcash.com/gforest. 

About GCash

GCash is the leading mobile wallet in the Philippines. Through the GCash app, customers can easily buy load; pay bills at over 600 partner billers in the app; pay at more than 7,000 online partners; send and receive money anywhere in the Philippines; pay using QR codes at over 130,000 partner merchants nationwide; save money while earning interest; and invest money at local and global funds -- all through the convenience of their smartphones. 

 

GCash is part of the portfolio companies of 917Ventures, the largest corporate incubator in the Philippines wholly-owned by Globe Telecom, Inc. GCash was recognized by The Asian Banker (TAB) in 2021 for its outstanding digital financial inclusion programs impacting more than 40 million Filipinos in the country today.

BDO Earns P21.4 Billion in 1H 2021

BDO Unibank, Inc. (BDO) delivered P21.4 billion in profits in the first six months of 2021 on the back of a strong sustainable earnings stream and normalized provisions. 

Customer loans remained flat at P2.3 trillion compared to the same period last year. Total deposits grew to P2.7 trillion led by the 13 per cent rise in Current Account/Savings Account (CASA) deposits, resulting in a CASA ratio of 84 per cent. Net Interest Income (NII) totaled P64.4 billion, with Net Interest Margin (NIM) at 4.06 per cent for the period. 

Non-interest income went up to P29.7 billion, led by fee-based income which grew by 20 per cent to P16.1 billion, and insurance premiums contributing P9.2 billion, up by 31 per cent. Trading and forex gains normalized to P2.0 billion. 

Operating expenses grew by four (4) per cent at P60.9 billion driven by the 29 per cent growth in expenses related to life insurance business. Excluding the impact of the life insurance business, operating expenses would have increased by only one (1) per cent.  

Total provisions amounted to P6.8 billion as the Bank continued to build up its buffer. This was lower than the pre-emptive provisions booked in the 1H 2020 against possible pandemic-induced delinquencies. Provisions to Gross Loans in the 2Q 2021 was steady at 3.1 per cent . Gross non-performing loan (NPL) ratio is at 3.1%, still well below the Bank’s worst-case expectations of four (4) to five (5) per cent, while NPL cover remained more than adequate at 100 percent. 

Total capital base strengthened to P412.7 billion, with Capital Adequacy Ratio (CAR) and Common Equity Tier 1 (CET1) ratio both increasing to 15.0 per cent and 13.9 per cent, respectively, well above regulatory minimum. The Bank’s Book Value per common share rose to P92.57 as of end-June 2021 compared to P82.28 for the same period last year for a 12 per cent year-on-year growth. 

The Bank’s Return on Average Common Equity (ROE) for the 1H 2021 improved to 10.75 per cent from 2.27 per cent in the same period last year.

BDO’s solid balance sheet, healthy capital position, and sustained earnings performance put the Bank in a good position to leverage on the country’s economic recovery.

For more information, please visit www.bdo.com.ph. 

About BDO Unibank, Inc.

BDO is a full-service universal bank which provides a wide range of corporate and retail banking services. These services include traditional loan and deposit products, as well as treasury, trust banking, investment banking, private banking, rural banking, cash management, leasing and finance, remittance, insurance, retail cash cards, and credit card services.  

BDO has the country’s largest distribution network, with over 1,400 consolidated operating branches and more than 4,400 ATMs nationwide. It also has 16 international offices (including full-service branches in Hong Kong and Singapore) in Asia, Europe, North America, and the Middle East.

BDO ranked as the largest bank in terms of total assets, loans, deposits and trust funds under management based on published statements of condition as of March 31, 2021.