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CBRT for use soon; Cuenco to stop Package 2
CBRT for use soon; Cuenco to stop Package 2.....»»
IP use in ecozones promoted
The Intellectual Property Office of the Philippines has partnered with the Philippine Economic Zone Authority to promote the use of the intellectual property system in ecozones......»»
Use of WTE for power generation faces opposition
International groups have warned against the use of waste-to-energy for power generation, claiming that the technology is more expensive and likely to produce pollutants that are more toxic......»»
DOE eyes AI use in power sector
The Department of Energy is looking at the use of artificial intelligence to help bolster the power sector’s capabilities in resolving and preventing problems such as power plant outages......»»
Presidential security justifies Marcos chopper use to Coldplay concert
The Presidential Security Command stepped in to address the controversy surrounding President Ferdinand Marcos Jr.'s use of a helicopter to attend the concert of British rock band Coldplay on Friday. .....»»
Your phone’s light sensor can spy on you
MIT researchers discovered the dark side of smartphone light sensors; it can help hackers track your movements! Malicious individuals can use artificial intelligence models to reconstruct images of what’s happening in front of your screen. For example, a stranger could use your light sensor to determine whether your face or hand is in front of.....»»
PH army’s new cyber defense group questioned over potential use for attacks
In 2018, several websites of progressive organizations and media outfits became victims of relentless DDoS attacks. A probe by Sweden-based Qurium Media Foundation revealed that the attacks came from the Philippine Army, including activities linked to the Chief of Staff for Intelligence of the Philippine Army. The post PH army’s new cyber defense group questioned over potential use for attacks appeared first on Bulatlat......»»
RBI says India s banking sector is sound and resilient, Gross NPA is below 3 pc
Mumbai (Maharashtra) [India], June 7 (ANI): India's banking system is robust and the gross NPA (Non-Performing Assets) of the schedule commercial banks and NBFCs are below 3 per cent highlighted RBI (Reserve Bank of India) Governor Shaktikanta Das during the Monetary policy announcement on Friday. RBI highlighted several key factors contributing to this positive trend, including enhanced provisioning for bad loans, sustai.....»»
RBI says India s banking sector is sound and resilient, Gross NPA is below 3 pc
Mumbai (Maharashtra) [India], June 7 (ANI): India's banking system is robust and the gross NPA (Non-Performing Assets) of the schedule commercial banks and NBFCs are below 3 per cent highlighted RBI (Reserve Bank of India) Governor Shaktikanta Das during the Monetary policy announcement on Friday. RBI highlighted several key factors contributing to this positive trend, including enhanced provisioning for bad loans, sustai.....»»
Bank lending expands 9.6 percent in April
Credit growth accelerated further to 9.6 percent in April from 9.4 percent in March as Philippine banks disbursed more production and consumer loans, according to the Bangko Sentral ng Pilipinas (BSP)......»»
Bank lending grew by 9.6% in April 2024 — BSP
Preliminary data released by the central bank on Friday showed that outstanding loans of universal and commercial banks, net of reverse repurchase placements with the BSP, expanded by 9.6% year-on-year in April, up from 9.4% in March......»»
Insolvency and Bankruptcy Code helped banks to recover from NPA: Nirmala Sitharaman
New Delhi [India], May 30 (ANI): The Insolvency and Bankruptcy Code (IBC), introduced by the PM Modi-led government, is a landmark reform that introduced a legal unified framework for resolving issues of financially-stressed companies, said Finance Minister Nirmala Sitharaman. Sitharaman, in a post on social media platform X, added that the code has played an important role in resolving insolvencies. "The code has brought.....»»
Alternergy unit secures P8 billion for wind energy project
Renewable energy firm Alternergy Holdings Corp. borrowed P8 billion from two banks to finance the construction of a 112 megawatt wind power project in Rizal province......»»
No opening parade in Paris
POC president Mayor Bambol Tolentino has disclosed that the coming Olympic opening ceremony will be a historic first since Paris hosted the Games 100 years ago. It won’t be a parade at a stadium. Instead, it will be a flotilla of boats, each carrying 100 delegates, streaming down the River Seine with 300,000 spectators lining the banks......»»
Agriculture loans surge to P3.2 trillion
Loans extended by banks to the agriculture sector significantly rose to P3.2 trillion as of June 2023 from the P848 million agri-agra credit allocated in the same period in 2022, the Bangko Sentral ng Pilipinas said......»»
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......»»
Saso banks P1.3 million
Fil-Japanese Yuka Saso finished joint 29th in the LPGA Founders Cup while Pinay aces Dottie Ardina and Clariss Guce shared 13th in the Epson Tour’s Carlisle Arizona Women’s Golf Classic in separate locations Sunday......»»
Banks reap P92 billion profit in 3 months
Philippine banks turned more profitable in the first quarter, reaping almost three percent higher earnings to P92 billion due to higher net interest income. .....»»
A century of Philippine accountancy
In my long life as a professional writer – aside from being a fictionist, journalist and academic – I’ve occasionally been asked to write books for both private and public institutions and individuals, usually to commemorate an important milestone. My clients have included banks, power and energy companies, accounting firms, NGOs, business tycoons, politicians and thinkers......»»
Banks to ramp up lending to agriculture sector
Banks are looking to increase lending to the agriculture sector this year amid better economic conditions, higher demand for agricultural loans and consolidation of government programs that would boost banks’ agricultural loan portfolio......»»