Banks ease exposure in real estate in 2023
The exposure of Philippine banks and trust entities to the volatile property segment eased slightly to 20.17 percent of total loans in end-December 2023 from 20.55 percent in end-September last year, data from the Bangko Sentral ng Pilipinas showed......»»
Power, real estate fuel FPH earnings in 2023
Strong contributions from power generation and real estate segments fueled a nearly 20-percent jump in the earnings of First Philippine Holdings Corp. in 2023......»»
Bacolod City s MassKara Festival poised for more global exposure
Bacolod City s MassKara Festival poised for more global exposure.....»»
Filipino Homes flies to Japan, other countries to board more Global Partners
The largest comprehensive real estate solution portal in the Philippines, Filipino Homes, crosses borders for simultaneous exposition across the world to expose the Philippines’ real estate opportunities to OFWs wanting to invest their money in owning properties from their homeland. This initiative by Filipino Homes aims to expand its connections and seek out more Global.....»»
Robinsons Land infusing P34 billion assets to RCR, expands tie-up with Meralco
Robinsons Land Corp. , the real estate firm of the Gokongwei family, plans to inject P33.92 billion worth of assets to its real estate investment trust unit RL Commercial REIT Inc.to diversify the latter’s portfolio......»»
Celebrated Visayas and Mindanao real estate developers lead the charge in national progress
Celebrated Visayas and Mindanao real estate developers lead the charge in national progress.....»»
CLI: 2024 ‘great year’ for real estate, economy
CLI: 2024 ‘great year’ for real estate, economy.....»»
Mandani Bay launches second phase of new real estate venture, Mandani Bay Quay
Mandani Bay launches second phase of new real estate venture, Mandani Bay Quay.....»»
Cebu-Based Filipino Homes Launches Global Partners Facility Against Scammers in Real Estate
Cebu-based Filipino Homes intensified its campaign against scammers in buying real estate properties with the launching of their “Global Partners” facility in Dubai, United Arab Emirates (UAE). The facility will help in particular Overseas Filipino Workers (OFWs) or Filipinos living abroad access to right information pertaining to property investments in the Philippines and other related […].....»»
Rio Locsin feel ni Baby Go na gumanap sa kanyang life story
RATED Rni Rommel Gonzales ISASAPELIKULA ang kuwento ng tunay na buhay ng lady producer na si Baby Go ng BG Productions International. Kuwento ni Baby, “Nagsimula po ako sa real estate bago ako pumasok sa showbiz. Nag-produce ako sa sarili kong pera, wala akong naging partner at iyong aking pagpo-produce galing po sa pinaghirapan ko sa real estate, ….....»»
Public sector banks doing better in managing NPAs vis-a-vis their private counterparts: FICCI-IBA survey
New Delhi [India], March 21 (ANI): Public sector banks in India are doing better in comparison to their private sector counterparts in terms of non-performing assets, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) found. A nonperforming asset refers to loans or advances that are on the brink of default. According to the survey, a large majority (77 per cent) of the respon.....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
ADB approves 655,000 USD to help Philippine rural banks digitization
MANILA, Feb. 19 (Xinhua) -- The Asian Development Bank (ADB) on Monday said it will provide grants totaling 655,000 U.S. dollars for the digitization of nine rural banks and a bank consortium in the Philippines. The grants are part of ADB's Fintech for Inclusion Transformation (FIT) program. The grant awardees were chosen from among rural banks nationwide serving women, farmers, fisherfolk, and micro, sma.....»»
Banks’ bad loans swell in 2023
The soured loans of Philippine banks picked up to 3.23 percent in 2023 from the almost two-year low in 2022, according to the Bangko Sentral ng Pilipinas......»»
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).....»»
BSP onboards 1st nonbank electronic money issuer
The Bangko Sentral ng Pilipinas (BSP) achieved a significant milestone by welcoming OmniPay, Inc. as the first nonbank electronic money issuer (EMI) participant in its Real Time Gross Settlement (RTGS) payment system, PhilPaSSplus. This move aligns with the National Payment Systems Act and signifies a more inclusive national payment system, allowing nonbank financial institutions to conduct efficient and low-risk funds transfers directly through the central bank. Assistant Governor Mary Anne P. Lim emphasized the BSP's commitment to safeguarding the entire Peso RTGS payment system amidst global trends of diversified participation. With 236 institutions, including various banks and nonbank entities, utilizing PhilPaSSplus for large value transactions and retail payment clearing, the BSP's initiative reflects a broader trend of central banks facilitating direct access for nonbank entities to settlement services. This development comes as international standard-setting bodies work on access guidelines to manage risks in evolving payment systems with new players and financial technologies......»»
Megaworld raises P980 million from sale of MREIT shares
Real estate giant Megaworld Corp. raised P980.32 million after unloading more shares in real estate investment trust company MREIT Inc......»»
Megaworld raises P500 million from sale of MREIT shares
Real estate giant Megaworld Corp. is poised to ramp up its development pipeline with the P500 million proceeds from the sale of its shares in real estate investment trust company MREIT Inc......»»
Ayala Corp profit hits record high in 2023
Core profit of conglomerate Ayala Corp. rose by nearly half to reach record high levels in 2023 due to the strong performances of its banking, real estate and power businesses......»»
Megaworld posts record financial outcome in 2023
Real estate giant Megaworld Corp. capped off 2023 with a record financial performance, posting a net income of P19.4 billion, 26 percent higher year-on-year......»»
More Infra Needed as BPO Workers Rises to 1.7 Million Workers by End of 2023
The business process outsourcing in the Philippines employed a total of 1.7 million workers and generated revenues worth at least 35 billion USD at the end of 2023, according to a report. But for the local industry not to get left behind by other countries, stakeholders want continued investment in infrastructure, real estate, reliable internet, […].....»»