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Microinsurance contributions hit P13.5 billion in 2023
The continued awareness of Filipinos due to the impacts of the pandemic boosted the insurance contributions from low-income people, reaching P13.5 billion in 2023......»»
Pagcor earnings hit P25 billion in Q1
The earnings of state-run Philippine Amusement and Gaming Corp. (PAGCOR) soared by 43 percent to P25.2 billion in the first quarter, driven by the electronic games sector......»»
GSIS income rises to P37 billion in January-March
The Government Service Insurance System saw its net income jump by 20 percent to hit P37 billion during the first quarter on the back of strong revenues from financial assets and investments......»»
GMA Network profit falls to P3.2 billion in 2023
Broadcast leader GMA Network Inc. was hit with a 42 percent decline in its profit in 2023, as the company endured a P3 billion drop in revenue in the absence of election placements......»»
RCBC Trust’s AUM hits P161 billion in February
The trust and investment management arm of Yuchengco-led Rizal Commercial Banking Corp. saw its assets under management hit more than P161 billion as of February, as the number of its institutional clients grew significantly......»»
Bank loans used as RRR compliance hit P6.4 billion
Mid-sized and small banks have extended around P6.4 billion loans to micro, small and medium enterprises (MSMEs) as well as large companies, and booked these loans in compliance with their reserve requirement ratios, according to the Bangko Sentral ng Pilipinas......»»
Agriculture losses due to El Niño hit P1.23 billion
The agriculture sector has suffered P1.23 billion worth of damage due to the El Niño phenomenon since January, the National Disaster Risk Reduction and Management Council said yesterday......»»
IT-BPM revenue hits $35.5 billions
Revenues of the information technology-business process management industry climbed by more than nine percent to hit $35.5 billion in 2023 from $32.5 billion in 2022......»»
China Bank nets record P22 billion
Higher core business revenues boosted the net income of Sy-led China Banking Corp. by 15 percent to hit an all-time high of P22 billion in 2023......»»
BDO profit hits record P73.4 billion in 2023
BDO Unibank Inc. grew its earnings by 28.5 percent to hit an all-time high of P73.41 billion in 2023, driven by strong growth across its core businesses......»»
Philippine remittances hit all-time high in 2023
MANILA, Feb. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached an "all-time high" of 37.2 billion U.S. dollars in 2023, 3 percent higher than the 36.1 billion dollars recorded in 2022, the Philippine central bank said on Thursday. "The robust inward remittances reflected the rise in the deployment of overseas Filipino workers due to the continuous increase in demand for foreign workers in host.....»»
Philippine remittances hit all-time high in 2023
MANILA, Feb. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached an "all-time high" of 37.2 billion U.S. dollars in 2023, 3 percent higher than the 36.1 billion dollars recorded in 2022, the Philippine central bank said on Thursday. "The robust inward remittances reflected the rise in the deployment of overseas Filipino workers due to the continuous increase in demand for foreign workers in host.....»»
Philippines forex reserves dip to $103 billion in January
The country’s forex buffer slid slightly to $103.4 billion in January as the government paid its foreign debts and the central bank’s gold holdings took a hit from lower prices in the global market......»»
GSIS non-life insurance premiums hit record high P9.8 billion in 2023
State-run pension fund Government Service Insurance System saw its collection of non-life insurance premiums rise to an all-time high of P9.8 billion in 2023......»»
Rice tariff collections hit P30 billion in 2023
Tariff collections from 3.6 million metric tons of rice imports likely reached a record P30 billion in 2023 on the back of a weaker peso and higher global grain prices......»»
Revenue loss due to PIFITA may hit P126 billion
The government may have to forgo P126 billion in revenues over the next five years from the remaining tax reform package that seeks to simplify the tax system......»»
Gaming revenues beat target, hit record P285 billion in 2023
The local gambling industry continued to take advantage of increased operational capacity, with its gross gaming revenues exceeding targets and hitting a record P285 billion in 2023......»»
RCBC auto, housing loans hit P121 billion
Yuchengco-led Rizal Commercial Banking Corp. (RCBC) sustained its auto and housing loan portfolio last year, rising by 24 percent to P121 billion amid high demand......»»
Wilma Doesnt biglang nagbago ang buhay dahil sa suka; 2 na ang resto
SINUWERTE ang actress-model na si Wilma Doesnt nang dahil sa pagtitinda ng kanilang homemade suka. Nagsimula ang pagbebenta ng pamilya ng komedyana noong kasagsagan ng COVID-19 pandemic na siyang naging daan para makapag-ipon at makapagpatayo ng kanyang dream business. Inilarawan ni Wilma ang kanyang negosyo bilang isang “five-star karinderya” na tinawag niyang “Chicks ni Otit.”.....»»
Cruise ship with European tourists docks at Subic
The arrival here last week of a cruise ship with European tourists on board was expected to revive the local cruise ship program that was interrupted by the COVID pandemic three years ago......»»