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Producers Savings Bank acquires Leyte rural bank

Producers Savings Bank Corp. has completed its merger with one more rural bank, bolstering the bank’s assets and profit growth via its branch network expansion......»»

Category: financeSource:  philstarRelated NewsApr 22nd, 2024

Carcar rape: Bank employee claims 17-year-old girl flirted with him

CEBU CITY, Philippines – The two bank employees, who were accused of raping a 17-year-old girl in Carcar City, Cebu on Friday, had refuted the victim’s allegations against them. Bank account officer Chandie Canadalla alleged that the girl asked him to accompany her to the bathroom and went along with his flirting. From the bathroom,.....»»

Category: newsSource:  inquirerRelated NewsMar 2nd, 2024

BPI renews alliance with Mizuho Bank

The Bank of the Philippine Islands has renewed its alliance with Japan’s Mizuho Bank Ltd., expanding and strengthening the scope of business cooperation between the two banks......»»

Category: financeSource:  philstarRelated NewsFeb 14th, 2024

Federal Reserve Chair Jerome Powell discusses interest rate cut timeline | The Daily Guardia

Federal Reserve Chair Jerome Powell has declared that interest rate cuts are improbable in the coming months, despite a robust economy and declining inflation. The.....»»

Category: newsSource:  thedailyguardianRelated NewsFeb 5th, 2024

Senator urges improved toll road services before approving rate hikes

Last week, the TRB approved the collection of the second tranche of toll increase for the North Luzon Expressway (NLEX). The collection of the new toll rates will start on June 4. .....»»

Category: newsSource:  philstarRelated NewsJun 2nd, 2024

Residential electricity rates up by P0.86/kWh for May-June billing

Residential customers of Visayan Electric will experience an increase of P0.86/kWh in their May-June electricity billing. The increase is attributed to high generation rates due to price hikes in the Wholesale Electricity Spot Market (WESM) in April brought about by power supply concerns in the Visayas Grid. As a result, the overall residential electricity rate.....»»

Category: newsSource:  inquirerRelated NewsMay 14th, 2024

ERC urged to defer power rate hikes

It would be best for the Energy Regulatory Commission to withhold the requests of power distributors and generating firms to collect higher electricity bills while the industry is on yellow alert due to high power demand this summer, a member of the House of Representatives said......»»

Category: newsSource:  philstarRelated NewsMay 9th, 2024

‘Bring CA ruling on power rate hikes to SC’

An official of the House of Representatives called on the Energy Regulatory Commission (ERC) to elevate to the Supreme Court (SC) a December 2023 Court of Appeals (CA) ruling that could pave the way for higher power rates to the detriment of consumers. .....»»

Category: newsSource:  philstarRelated NewsMay 5th, 2024

MPTC prefers term extension over toll hike

To recover investments on toll road improvements, Metro Pacific Tollways Corp. is leaning toward getting its concession agreements expanded instead of burdening motorists with rate hikes......»»

Category: financeSource:  philstarRelated NewsApr 25th, 2024

Remolona sees 5.9 percent GDP this year

The Philippine economy is likely to grow at a faster pace this year, but it would still be below the government’s goal of six to seven percent as rate hikes continue to constrict demand, Bangko Sentral ng Pilipinas Governor Eli Remolona Jr. said......»»

Category: financeSource:  philstarRelated NewsApr 8th, 2024

Meralco cuts power rates in April

The Manila Electric Company will slash power rates in April, ending three consecutive months of rate hikes since the first quarter of 2024. .....»»

Category: newsSource:  bulatlatRelated NewsApr 8th, 2024

NCR retail prices rise at slowest pace in nearly 2 years

Retail prices of goods in Metro Manila in January posted its lowest growth rate in nearly two years due mainly to slower food price hikes, according to the Philippine Statistics Authority......»»

Category: financeSource:  philstarRelated NewsFeb 24th, 2024

Nearly 50,000 UK businesses on verge of collapse - report

Construction and real estate are among the hardest hit sectors, researchers say The number of UK businesses on the brink of bankruptcy skyrocketed by more than a quarter at the end of last year amid a "debt storm" triggered by a series of interest rate hikes, a report from a group of insolvency specialists re.....»»

Category: newsSource:  philippinetimesRelated NewsJan 25th, 2024

Singapore bank hikes Philippines inflation forecast

DBS Bank Ltd. of Singapore raised its inflation forecast for the Philippines this year to 3.7 percent from 3.3 percent previously, a development which could prompt the Bangko Sentral ng Pilipinas (BSP) to keep rates higher for longer......»»

Category: financeSource:  philstarRelated NewsApr 21st, 2024

Residential electricity rate up by P0.13 for March – April billing

Visayan Electric residential consumers will experience an increase of P0.13 per kWh in their March – April billing. The hike, which is caused by an increase in the transmission charges imposed by the National Grid Corporation of the Philippines (NGCP), brings the total electricity rate from P11.25 per kWh of the previous month to P11.38.....»»

Category: newsSource:  inquirerRelated NewsMar 15th, 2024

BSP to review 3 percent rate cap on credit card transactions

The Bangko Sentral ng Pilipinas will review this month whether to keep or hike the three percent interest rate cap on credit card transactions......»»

Category: newsSource:  philstarRelated NewsMar 3rd, 2024

Direk Romm Burlat, thankful sa PMPC at sa Star Awards for Music

ALAM MO NA!ni Nonie Nicasio NAGPAHAYAG ng sobrang kagalakan ang aktor-direktor-producer na si Romm Burlat sa nakuha niyang nomination sa gaganaping 15th Star Awards for Music ng  Philippine Movie Press Club (PMPC). Masayang kuwento niya sa amin, “Ang song na na-nominate sa akin ay ang Sarili’y Pagbigyan, para sa category na New Male Recording Artist of the Year. ….....»»

Category: filipinoSource:  hatawtabloidRelated NewsJan 26th, 2024

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......»»

Category: sportsSource:  abscbnRelated NewsMar 12th, 2024

Despite survey, Cha-cha should proceed, says congressman

Both houses of Congress should pursue economic Charter amendments despite a Pulse Asia survey early last month showing that 88 percent of Filipinos do not support the initiative, Cagayan de Oro City 2nd District Rep. Rufus Rodriguez said yesterday......»»

Category: newsSource:  philstarRelated NewsApr 5th, 2024

BSP: Inflation likely eased further in January

Headline inflation likely slowed further for the fourth straight month in January, ranging between 2.8 and 3.6 percent, after easing to a 22-month low of 3.9 percent in December, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsJan 31st, 2024