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Figaro quarterly profit up 7% y/y (121% q/q)
Figaro posted a Q2 profit of P195 million, up 7% from its Q2/22 profit of P182 million, and up 121% from its Q1 profit of P88 million......»»
Unemployed Filipinos down to 1.6 million in December 2023 — PSA
National Statistician and PSA chief Claire Dennis Mapa reported that the number of unemployed persons ages 15 and above declined to 1.6 million in December 2023, down from 1.83 million in November 2023......»»
Globe reports steep 73.7% decline in blocked bank-related spam, scam SMS in 2023
The telecommunications company Globe has reported a significant 73.7% decrease in the number of blocked spam and scam SMS related to banks in 2023. This reduction is a result of the interception of 21.9 million bank-related fraudulent messages, a sharp decline from the 83.39 million messages blocked the previous year. Globe attributes this achievement to its proactive strategies and strong partnerships with major banks and financial institutions in the Philippines. The company has established anti-fraud alliances with the Bankers Association of the Philippines and individual players in the finance sector, enabling the sharing of data and intelligence to prevent and investigate fraud effectively. Anton Bonifacio, Chief Information Security Officer at Globe, emphasized the company's commitment to combating financial fraud and enhancing security measures for customer protection. Globe has invested approximately US$20 million to improve its spam and scam SMS detection and blocking system and operates a 24/7 Security Operations Center to filter out unwanted messages from both international and domestic sources. Despite certain limitations, Globe remains dedicated to customer protection and emphasizes the need for a unified approach in the fight against fraud. The company is focused on leveraging technology and strengthening alliances with key stakeholders to combat fraudulent activities. As Globe continues to advance its technologies and collaborations, it aims to provide a safer and more secure digital environment for its customers. For more information about Globe and its initiatives, visit www.globe.com.ph. (SPONSORED CONTENT).....»»
2.4M Dabawenyos working as of Oct 2023
The October 2023 Preliminary Employment report by the Philippine Statistics Authority-Davao Region (PSA-Davao) reveals that 64 percent of the 3.780 million Dabawenyos aged 15 and above are part of the labor force, indicating that 2.42 million individuals are employed. This represents a 1.8 percentage point increase from the previous year. The report also highlights a 97.1 percent employment rate in the Davao Region as of October 2023, with a 2.9 percent unemployment rate, lower than the national average. Despite this, the region still maintains the highest employment rate in the Philippines. Additionally, the report compares employment rates across different regions, with Soccsksargen, Barmm, Central Luzon, CAR, Caraga, Western Visayas, Cagayan Valley, Mimaropa, and Central Visayas surpassing the national average. The Bangsamoro Autonomous Region in Muslim Mindanao (Barmm) records the highest labor force participation rate among 17 regions, while the Zamboanga Peninsula has the lowest rate. The data is collected through the Labor Force Survey (LFS) conducted quarterly and monthly by the PSA central office and its regional statistical services offices. The Davao Region, with nearly 6 million inhabitants, remains the 7th most populous region in the country......»»
Boulevard Holdings Q2 net income down 86% y/y, down 336% q/q
Boulevard Holdings reported a Q2/23 net loss of P33 million, down 86% from its Q2/22 net loss of P18 million, and down 336% from its Q1/23 net income of P14 million......»»
$247 million hot money exits Philippines in 2023
A total of $247.3 million worth of speculative funds exited the Philippines last year, reversing the $886.7 million net inflow recorded in 2022, according to the Bangko Sentral ng Pilipinas......»»
Comelec lists over 3 million voters for 2025 polls
The registered voters for the May 2025 midterm elections have reached more than three million, according to the Commission on Elections.....»»
BOP deficit widens to $639 million in April
The Philippines registered a balance of payments deficit of $639 million in April as the government settled more foreign obligations, the Bangko Sentral ng Pilipinas said......»»
Phinma acquiring Petra Cement for P500 million
The Phinma Group is acquiring Petra Cement Inc., a cement manufacturer with a facility in Zamboanga del Norte, for P500 million......»»
PH Posted a USD639-M Deficit in April BSP Reports
The latest report by the Bangko Sentral ng Pilipinas (BSP) revealed that the country’s balance of payments (BOP) deficit of USD639 million in April this year. According to BSP, this year’s deficit is said to be USD148 million more than in April 2023. What is a BOP? It is a financial statement of a country […].....»»
COL Financial Q1 profit: P116-M (down 27%)
COL Financial reported a Q1 net income of P116 million, down 26.6% from its Q1/23 net income of P158 million......»»
Philippines posts 639 mln USD deficit in April
MANILA, May 20 (Xinhua) -- The Philippines' overall balance of payments (BOP) posted a deficit of 639 million U.S. dollars in April, higher than the 148 million dollars BOP deficit recorded a year ago, the country's central bank said Monday. The Bangko Sentral ng Pilipinas (BSP) said the BOP deficit in April reflected outflows arising mainly from the national government's net foreign currency withdrawals from th.....»»
Ivana Alawi reveals earning at least P10 million in few hours through live-selling
Kapamilya actress Ivana Alawi revealed that she earned over P10 million in just a few hours of live-selling......»»
P13 million worth of shabu seized from couple in Mandaue, Lapu-Lapu
CEBU CITY, Philippines – Anti-narcotics agents and police arrested a live-in couple for drug peddling and seized shabu worth over P13 million in a series of buy-bust operations on Sunday, May 20. The first operation occurred in North Reclamation Area, Barangay Subangdaku, Mandaue City, Cebu, where Fatima Veraces of Brgy. Mambaling, Cebu City, was arrested with.....»»
POGO politics
If the maritime dispute between the Philippines and China wasn’t heating up, Alice Leal Guo would have likely remained under the government radar, free to indulge her fondness for McLaren 620R supercars with personalized license plates (local price tag as of 2020: P33 million, plus an estimated P16.8 million in import duties) and to set up more companies......»»
PSA-7: 6.6 million already registered for PhilSys ID in C. Visayas
CEBU CITY, Philippines — Over 6.6 million people in Central Visayas now have Philippine Identification System (PhilSys) IDs. According to the Philippine Statistics Authority in Central Visayas (PSA-7), 6,682,192 individuals are registered, reaching 94.9 percent of their 7,040,833 target. They’ve already given out 4,328,065 physical ID cards and 2,333,544 ePhilIDs since registration began in 2020. The.....»»
Over one million Filipinos get P3-B aid on Saturday
MANILA, Philippines — Speaker Ferdinand Martin G. Romualdez, alongside President Ferdinand “Bongbong” R. Marcos Jr., launched the Ayuda sa Kapos ang Kita Program (AKAP) on Saturday, an initiative that will distribute P3 billion in cash aid to more than one million beneficiaries in a single day. The AKAP Program, spearheaded by the Department of Social Welfare.....»»
DBM releases P88 million for tobacco industry
The Department of Budget and Management (DBM) has released P88 million to help boost the local tobacco industry......»»
Government OKs P432 million climate adaptation projects
The government has greenlighted some P432 million worth of projects meant to aid climate vulnerable areas in the Philippines......»»
P108.8 million shabu seized in Zamboanga
Sixteen kilos of shabu with an estimated value of P108.8 million were confiscated from a “high-value” target in this city on Friday night......»»