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GSIS non-life insurance premiums hit P3 billion in Q1

State-run pension fund Government Service Insurance System (GSIS) hiked its collection of non-life insurance premiums to P3 billion in the first quarter as more agencies move to secure their assets from eventualities......»»

Category: financeSource:  philstarRelated NewsMay 4th, 2024

Maharlika fund to invest P35 billion for projects in 2024

State-run Maharlika Investment Corp. will invest P35 billion in various projects this year, particularly on energy, mass housing and transportation......»»

Category: financeSource:  philstarRelated NewsMay 1st, 2024

BDO: No plan to buy stake in NAIA rehab

The country’s largest bank is confirmed to be one of the lenders that will fund the P170.6-billion rehabilitation of the Ninoy Aquino International Airport (NAIA), but rejected any and all offers to be an investor in the project......»»

Category: financeSource:  philstarRelated NewsApr 28th, 2024

P15.5 billion calamity fund ready for El Niño

Government agencies can still tap over P15 billion in disaster funds to mitigate the impacts of El Niño, the Department of Budget and Management (DBM) said yesterday......»»

Category: newsSource:  philstarRelated NewsApr 27th, 2024

UnionBank to kick off P10-B stock rights offer

The stock rights offering of Aboitiz-led Union Bank of the Philippines is set to kick off in May to raise as much as P10 billion to fund the capital infusion of its digital bank and for other general purposes......»»

Category: financeSource:  philstarRelated NewsApr 22nd, 2024

Suntrust secures $38 million loan for Parañaque casino project

Suntrust Resort Holdings Inc. has secured a $38-million loan to fund the development of its casino project in Parañaque City......»»

Category: financeSource:  philstarRelated NewsApr 22nd, 2024

Private sector collaborates with government for climate action

The private sector has expressed its commitment and readiness to fund sustainability projects to support the country’s climate goals......»»

Category: financeSource:  philstarRelated NewsApr 20th, 2024

Female cadet who sold siopao tops PNPA Class 2024

A woman who used to work at a photocopy center and sell siopao in school to fund her college education emerged as topnotcher of this year’s Philippine National Police Academy graduating class......»»

Category: newsSource:  philstarRelated NewsApr 18th, 2024

GSIS acquires more shares in RCR

State-run pension fund Government Service Insurance System has raised its stake in the real estate investment trust of Gokongwei-led Robinsons Land Corp. over the past two months, bringing it to nearly 8.2 percent......»»

Category: financeSource:  philstarRelated NewsApr 18th, 2024

Ex-ombudsman hits back at GSIS management, questions deals

Former ombudsman Ma. Merceditas Gutierrez lashed back at the management of the Government Service Insurance System after the state-run pension fund manager questioned her eligibility as a member of the board of trustees......»»

Category: newsSource:  philstarRelated NewsApr 16th, 2024

Biden proposes $128-M budget for EDCA projects — Pentagon chief

US Defense Secretary Lloyd Austin announced that President Joe Biden is proposing a $128 million congressional allocation to fund projects at Enhanced Defense Cooperation Agreement sites in the Philippines, according to the Presidential Communications Office......»»

Category: newsSource:  philstarRelated NewsApr 13th, 2024

State firms get higher subsidies

The government ramped up its budgetary support to state-run firms by 35 percent to almost P13 billion in February, with the bulk of the subsidies intended to fund irrigation projects......»»

Category: financeSource:  philstarRelated NewsApr 8th, 2024

Official statement of Aksyon Klima Pilipinas on the 10th anniversary of super-typhoon Yolanda

Parties at the 2023 UN climate negotiations in Dubai, United Arab Emirates must set up a L and D Fund and associated funding arrangements that is aligned with the imperative of preventing even more peoples and ecosystems from experiencing extreme climate change impacts......»»

Category: newsSource:  inquirerRelated NewsApr 8th, 2024

‘DOH has P40 billion excess funds that can fund senior health care’

As the House of Representatives tries to find ways to improve the measly allocation for the health care of senior citizens, it turns out that the Department of Health has “excess funds” to support such a program......»»

Category: entertainmentSource:  abscbnRelated NewsApr 6th, 2024

GSIS, PNB allot P1.2 billion for affordable housing

State-run pension fund Government Service Insurance System has teamed up with Lucio Tan-led Philippine National Bank to earmark P1.2 billion to construct affordable houses and address the backlog in the country......»»

Category: financeSource:  philstarRelated NewsApr 6th, 2024

SSS targets 20% profit hike to P100 billion

State-run pension fund Social Security System is expecting at least a 20-percent hike in its bottomline to breach the P100-billion mark this year on increased investment returns and enhanced collection efforts......»»

Category: financeSource:  philstarRelated NewsApr 5th, 2024

Maynilad to sell P15-B of Blue Bonds to fund capex projects ahead of IPO

Maynilad Water Services, a subsidiary of Metro Pacific Investments and an affiliate of DMCI Holdings, disclosed its application to the SEC to sell up to P15 billion worth of fixed-rate “Blue Bonds” in the last week of May, for listing on PDEx in the first week of June......»»

Category: financeSource:  philstarRelated NewsApr 5th, 2024

Jollibee invests more in Titan Dining

Filipino-owned Asian food conglomerate Jollibee Foods Corp. has expanded its investments Titan Dining Partners Ltd., which manages Titan Dining LP, the private equity fund which owns the Tim Ho Wan brand and company-owned Tim Ho Wan stores......»»

Category: financeSource:  philstarRelated NewsApr 3rd, 2024

Maharlika CEO: terrorists are the only investors we won’t deal with

In an interview with Nikkei Asia, Rafael Consing, CEO of the Maharlika Investment Corp., addressed the delay in the MIC’s deployment of capital, and provided some insight into the level of interest the fund has received from global investors......»»

Category: financeSource:  philstarRelated NewsApr 2nd, 2024

AI and the future of work

The International Monetary Fund has a 4,000-word study on artificial intelligence and the future of work......»»

Category: newsSource:  philstarRelated NewsApr 1st, 2024