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Argentina permitted to tap IMF bailout

The Latin American country is heading towards 200% inflation amid the worst economic crisis in decades The International monetary Fund (IMF) has agreed to unlock $4.7 billion for Argentina as part of a debt restructuring plan even though the country missed targets related to its $43 billion loan program, the fund anno.....»»

Category: newsSource:  philippinetimesRelated NewsJan 14th, 2024

BPI lends fresh P7 billion to Home Credit Philippines

Bank of the Philippine Islands has extended an additional P7 billion loan to Home Credit Philippines, making it the financing firm’s biggest lender......»»

Category: financeSource:  philstarRelated NewsFeb 21st, 2024

InstaPay money transfers swell to P5 trillion

Real-time fund transfers via InstaPay jumped by 45 percent to P5 trillion last year as volume surged by 56 percent to 838.56 million, BancNet said......»»

Category: financeSource:  philstarRelated NewsFeb 5th, 2024

Robinsons Land raised P8.5-B in RCR block sale

Robinsons Land sold just over 1.725 billion shares of RL Commercial REIT [RCR 5.01 ?3.5%; 143% avgVol] in an overnight block sale after initiating a private sale process with BPI Capital......»»

Category: financeSource:  philstarRelated NewsApr 8th, 2024

EDITORIAL - Nobody died

Following a police inventory, the estimated volume and value of the confiscated shabu was brought down to 1,424 kilos worth P9.68 billion, from the original estimate of about 1,800 kilos valued at P13.3 billion......»»

Category: newsSource:  philstarRelated NewsApr 17th, 2024

Petron reports 51 percent jump in 2023 earnings

The earnings of Petron Corp. jumped by 51 percent to P10.1 billion in 2023 from P6.7 billion in 2022, fueled by its wide presence and effective volume-generations strategies in the Philippines and Malaysia......»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

Cebu City OBO temporarily closes condo unit after child’s fatal fall

Cebu City OBO temporarily closes condo unit after child’s fatal fall.....»»

Category: newsSource:  sunstarRelated NewsApr 11th, 2024

OBO Cebu City suspends operations of condo unit where kid fell

CEBU CITY, Philippines — The Office of the Building Official, or OBO, in Cebu City has temporarily suspended the operations of the condo unit where the four-year-old kid fell and died. This after the OBO, headed by its head, Architect Florante Catalan, conducted an ocular inspection on Thursday morning, April 11. READ: Boy dies after.....»»

Category: newsSource:  inquirerRelated NewsApr 11th, 2024

DPWH to fund P5.385B worth of projects in Lapu-Lapu in 2025

LAPU-LAPU CITY, Cebu — The Department of Public Works and Highways (DPWH) will fund P5.385 billion worth of projects for Lapu-Lapu City in 2025. These projects were submitted to Mayor Junard “Ahong” Chan during its City Development Council (CDC) meeting. The amount has four components, which consist of the Asset Preservation Program, National Road Network.....»»

Category: newsSource:  inquirerRelated NewsMar 7th, 2024

Villar pushes extension, higher budget for RCEF

Sen. Cynthia Villar wants to double the annual guaranteed allocation for the rice competitiveness enhancement fund to P20 billion as she seeks to extend the fund by another six years or until 2030......»»

Category: financeSource:  philstarRelated NewsMar 6th, 2024

Fund for indigent cancer patients reaches P1.25 billion

Senators and congressmen have approved a substantial increase in this year’s budget allocation for indigent cancer patients, or the Cancer Assistance Fund (CAF), in the hope of helping more Filipinos to be healed from the killer disease......»»

Category: newsSource:  philstarRelated NewsFeb 11th, 2024

San Miguel income soars to P44.7 billion in 2023

Diversified conglomerate San Miguel Corp. expects to sustain its growth momentum this year after earnings soared in 2023 on the back of significant volume growth across its key businesses......»»

Category: financeSource:  philstarRelated NewsMar 15th, 2024

BPI profit hits record high P51.7 billion in 2023

“The bank’s solid financial performance is a reflection of its strengthened customer franchise and deeper customer engagement which led to record volumes and market share gains in several businesses,”.....»»

Category: financeSource:  philstarRelated NewsFeb 3rd, 2024

Local execs reaffirm support for activities of Army engineering unit

Local officials reassured support for the development initiatives of the 549th Engineering Combat Battalion on Saturday, a day after its new commander assumed leadership of the unit, involved in rehabilitation projects in conflict-stricken Moro-dominated towns......»»

Category: newsSource:  philstarRelated NewsFeb 3rd, 2024

BPI raises $400 million from offshore debt market

Bank of the Philippine Islands has raised $400 million after successfully tapping into the offshore debt market for the first time since 2019......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2024

El Niño agri damage hits P1.2 billion — NDRRMC

In NDRRMC’s latest report, the total damage in agriculture recorded was estimated at P1,236,853,305 with a total volume of 44,845.42 metric tons. .....»»

Category: newsSource:  philstarRelated NewsApr 3rd, 2024

Maricel Soriano says condo unit in leaked PDEA docs sold in 2012

Maricel Soriano says condo unit in leaked PDEA docs sold in 2012.....»»

Category: newsSource:  sunstarRelated NewsMay 7th, 2024

Striking drivers, operators face financial woes

For single-unit operators like Chel Mallonga, 45, the impact of the government’s Public Utility Vehicle Modernization Program (PUVMP) would be drastic. Once consolidation pushes through, single-unit operators will no longer be granted franchises. The post Striking drivers, operators face financial woes appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsApr 17th, 2024

CCPO to launch new police unit to help hasten investigations

CEBU CITY, Philippines — The Cebu City Police Office (CCPO) will be launching a new support unit tasked with aiding general investigators at all 11 police stations in the city in conducting criminal investigations. This announcement was made by Police Lieutenant Colonel Janette Rafter, Deputy Director for Operations of the CCPO, who spoke to reporters.....»»

Category: newsSource:  inquirerRelated NewsApr 16th, 2024

Army unit holds peace dialogue with Basilan FVEs

Army unit holds peace dialogue with Basilan FVEs.....»»

Category: newsSource:  sunstarRelated NewsApr 13th, 2024