The Wallenberg whirlwind trip
It may have been a quick three-day trip to the Philippines of a member of Sweden’s richest business family, but Mr. Marcus Wallenberg, chairman of both SEB, a leading North European financial group with a current market value of $30.61 billion (approximately P1.7 trillion) as of March 2024, and Saab, a prominent Swedish defense and security company with a market value of $10.36 billion (roughly P580.18 billion) as of the same period, managed to pack in several key meetings on his second day......»»
Financial system resources up 9 percent in January
The total resources of the country’s financial system continued to breach the P30-trillion level, rising by almost nine percent as of end-January, preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed......»»
Fisker reportedly hires bankruptcy consultants [Updated statement from Fisker]
Electric vehicle manufacturer Fisker is facing financial turmoil as it reportedly hires restructuring advisers to navigate a potential bankruptcy filing, as reported by the Wall.....»»
Bacolod to launch ‘Bayad Agad’ system for releasing of financial assistance
Bacolod to launch ‘Bayad Agad’ system for releasing of financial assistance.....»»
Small businesses may make up 60% of Philippines GDP – Visa
Small businesses in the Philippines may produce as much as 60 percent of the country’s gross domestic product (GDP) if financial institutions and the government could help the sector grow in the coming years, according to global digital payments platform Visa......»»
7 Tips for Expanding a Home-Based Retail Family Business
If you’ve always dreamed of running your own home-based retail family business in the Philippines, one of the most rewarding milestones you’ll ever clear is your first shot at expansion. When you get to the next level, your business will be able to continue fulfilling its special role as a vehicle for your family’s financial […].....»»
Beyond the Raise: Mastering Financial Prosperity Post-Income Boost
Are you still feeling broke even if you already had a salary increase or a new stream of income? You are not alone. Feeling broke can sometimes not be just not a feeling — it can be your real situation. Feeling broke despite an increase in income can be caused by different factors, which include […].....»»
BSP to banks, financial institutions: Prioritize national ID as top identification
The central bank said that institutions should “adopt enhanced measures to ensure the broad acceptance of the PhilID” whether its physical or electronic version as a valid proof of identity and age for all financial transactions. .....»»
CARD Bank marks 26th year as financial inclusion champion to Filipino communities
CARD Bank, Inc. celebrated its 26th founding anniversary and savings month with the theme “Conquering a new frontier towards more inclusive financial services” on September 1, 2023......»»
Malabon releases P2.4 million aid for 800 poor residents
Over 800 poor residents from Malabon City received P2.4 million in financial assistance under the national government’s Assistance to Individuals in Crisis Situations on Friday......»»
Megaworld Hits Record Financial Performance in 2023, Income up 26% to P19.4 Billion
Megaworld Corporation, the country’s premier township developer, achieved a landmark milestone in its financial performance for the year 2023 as its full-year net income surged by 26% to P19.4 billion. Its consolidated revenues, on the other hand, rose by 17% to P69.7 billion. Net income attributable to the parent company’s shareholders also jumped by 29% […].....»»
Bouncing Back After a Spending Spree: 3 Simple Steps to Financial Recovery
We’ve all been there — a bit too carried away with the shopping spree, and suddenly, the bank account is giving you the side-eye. No judgment here. But guess what? We’ve got a quick fix for you with three straightforward moves to get your finances back in the groove. Step 1: Hang Out with Your […].....»»
405 students get financial assistance from Capitol
405 students get financial assistance from Capitol.....»»
Budget officers in CV undergo financial management training
CEBU CITY, Philippines — Over 600 budget officers in Central Visayas underwent Public Financial Management (PFM) Training in Cebu last month. The initiative, led by the Department of Budget and Management (DBM) in collaboration with the Association of Local Budget Officers-Central Visayas Inc., took place at a hotel in Mandaue City. This training was a.....»»
Aboitiz Land unlocks opportunities for OFWs
Aboitiz Land is reinforcing its commitment to empowering and supporting the financial well-being of overseas Filipinos by being part of the biggest celebrations in the Filipino community in the Dubai Barrio Fiesta in the United Arab Emirates......»»
Bloomberry opens Quezon City casino in May
The company’s financial and operating results for 2023, “reflect a resilient Philippine economy amid a challenging global economic landscape,” Razon said......»»
Davao City gets Seal of Good Financial Housekeeping for 2023
THE City Government of Davao is among the local government units (LGUs) that passed the Good Financial Housekeeping assessment conducted by the Department of the Interior and Local Government for the year 2023......»»
A quick look at the week ahead
For the PSE, earnings season is starting to heat up as financial condition reports trickle in and the FY23 teasers keep coming to manage our expectations......»»
Koko to pols: Stay away from ayuda distribution
Politicians should stay away from in-person distribution of ayuda or financial assistance from the government so as not to mislead the public that the aid comes from them, Senate Minority Leader Aquilino Pimentel III said yesterday......»»
Completion of new projects boosts ALLHC’s hopes this year
The completion of new projects is seen boosting the financial performance of AyalaLand Logistics Holdings Corp. (ALLHC) this year after lower revenues pulled down the company’s earnings in 2023......»»