3 US banks booked big earnings in 1st& nbsp;quarter
New York—Profits soared in the first quarter at three US banking giants thanks to an improving macroeconomic backdrop that has reduced the need to set aside funds for bad loans......»»
Bank loans used as RRR compliance down to P8 billion
Loans extended to micro, small and medium enterprises, as well as large companies, by mid-sized and small banks that are booked in compliance with their reserve requirements have declined to P8 billion, according to the Bangko Sentral ng Pilipinas......»»
Profit of Philippine banks hits P270 billion in 9 months
Philippine banks booked a double-digit increase in earnings from January to September on the back of strong interest earnings and lower provision for potential loan losses, according to the Bangko Sentral ng Pilipinas......»»
Credit growth slows to single-digit level in April
Philippine banks booked a single-digit credit growth for the first time in 12 months as the increase in loan disbursements slowed to 9.7 percent in April from 10.2 percent in March, according to the Bangko Sentral ng Pilipinas......»»
Q1 earnings of banks up 43 percent to P95 billion
Philippine banks booked a 43-percent jump in earnings to P94.62 billion in the first quarter from P66.34 billion in the same period last year, driven by higher interest income amid the aggressive rate hikes by the Bangko Sentral ng Pilipinas to tame inflation and stabilize the peso......»»
Bank assets grow to record P23.7 trillion
Philippine banks booked a double-digit growth in assets last year as the country’s economy continues to recover from the impact of the COVID-19 pandemic, data from the Bangko Sentral ng Pilipinas showed......»»
3 US banks booked big earnings in 1st& nbsp;quarter
New York—Profits soared in the first quarter at three US banking giants thanks to an improving macroeconomic backdrop that has reduced the need to set aside funds for bad loans......»»
Loans to MSMEs breach P100 billion as of August
Loans extended to micro, small and medium enterprises that are booked in compliance with banks’ reserve requirements breached the P100-billion level as of end-August as the Bangko Sentral ng Pilipinas continued to extend regulatory relief measures amid the coronavirus pandemic......»»
Ariel Villasanta ibinenta ang urn at pustiso ng ina kay Boss Toyo
ALIW na aliw ang ginawang pagbebenta ng kilalang komedyante at vlogger na si Ariel Villasanta sa tindahan ni Boss Toyo. Sa episode ng “Pinoy Pawnstars” nitong Lunes, March 18, sinubukan ng komedyante nacibenta ang mga gamit niya kung saan siya nakilala. Unang ipinakita ni Ariel ang isang malaking frame ng kanyang poster kung saan.....»»
Belmonte, Binay call for climate action funding from development banks
The C40 coalition of cities, a network of nearly 100 mayors, asked MDBs to increase urban climate investment, integrate urban climate action into their strategies, and implement tailored programs to support city projects. .....»»
Property prices slow in Q4
The growth in property prices has been sustained for 10 straight quarters, albeit at a slower pace in the fourth quarter last year, according to the Bangko Sentral ng Pilipinas......»»
Cebu Pacific books P8 billion profit in 2023
Low-cost carrier Cebu Pacific found itself landing on solid ground in 2023, as it booked a profit of nearly P8 billion on the back of a resurgent demand for air travel......»»
Holy Week 2024: A peek into 7 Metro Cebu churches for Visita Iglesia
The Lenten Season is also about reflection and prayer about the passion of Christ. There are days to fast and during the Holy Week on Maundy Thursday and Good Friday, the Catholic faithful usually practice the Visita Iglesia or the tradition to visit 7 or 14 churches, where they pray and reflect and do.....»»
How BYD Transformed from Battery Maker to Electric Vehicle Leader, Surpassing Tesla
Chinese automaker BYD, backed by Warren Buffett, has overtaken Tesla to become the world’s top electric vehicle (EV) maker in the fourth quarter of 2023,.....»»
Globe gets P5 billion from sale of towers
Telco-to-tech provider Globe Telecom Inc. raised almost P5 billion from the sale of towers in the first quarter, providing it with some of the capital needed to upgrade services and pay debts......»»
JG Summit core profit soars in 2023
Core earnings of conglomerate JG Summit Holdings Inc. soared in 2023 following a significant turnaround in its airline business, with Cebu Pacific returning to full-year profit for the first time since the pandemic......»»
Rice imports as of mid-March 886,963 MT
The country’s rice imports as of mid-March have surpassed the total volume recorded in the entire first quarter of last year by a double-digit rate, to over 880,000 metric tons, government data showed......»»
KATRIBU on the impact of Maharlika Investment Fund on the Moro and Indigenous Peoples
A speech delivered by Beverly Longid, KATRIBU National Convenor, during the Maharlika Investment Fund forum organized by the First Quarter Storm (FQS) Movement......»»
LIST: Bank schedules for Holy Week 2024
Bookmark and refresh this page for the Holy Week schedules released by banks.....»»
Government sets P585 billion borrowings in Q2
The government is set to borrow P585 billion from the domestic market in the second quarter amid hopes of more favorable interest rates here and abroad......»»
New Toyota Tamaraw to launch in Q4
The iconic Toyota Tamaraw is all set to make its return this year, with Toyota Motor Philippines (TMP) planning to launch the next generation model in the fourth quarter......»»