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NEDA chief sees 2015 growth at 6% despite typhoons

By Leslie D. Venzon MANILA, Dec. 17 (PNA) — The government is optimistic about achieving its target economic growth of 6.9 percent in the fourth quarter despite the devastation wrought by typhoons,........»»

Category: newsSource:  philippinestodaRelated NewsApr 13th, 2024

Moody’s Analytics sees below 5 percent GDP in Q4

Philippine economic growth likely slowed to below five percent in the final quarter of 2023 on the back of softer global economic growth, according to Moody’s Analytics......»»

Category: financeSource:  philstarRelated NewsJan 29th, 2024

Lending startup unveils credit card for Gen Zs

Technology startup firm Zed Philippines Inc. has launched a Mastercard Titanium credit card with zero interest, zero foreign transaction fees and no annual charges, aiming to roll out these cards to the market within the coming months......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

Metrobank profit rises by 14 percent to P12 billion in Q1

Earnings of Metropolitan Bank & Trust Co. went up by 14 percent to P12.1 billion in the first quarter from P10.6 billion in the same quarter last year, largely due to the consistent growth of its lending portfolio, better operational efficiencies as well as stable asset quality......»»

Category: financeSource:  philstarRelated NewsMay 1st, 2024

Security Bank expects higher profit in 2024

Security Bank Corp. is expecting better profitability this year amid a double-digit growth in its lending business, the bank’s investments in technology as well as its plans to put up more branches......»»

Category: financeSource:  philstarRelated NewsApr 14th, 2024

DigiPlus earnings surge last year

Digital entertainment group DigiPlus Interactive Corp. reported a sharp 596-percent increase in profit to P4.1 billion in 2023 on the back of sustained growth of its digital retail segment following the introduction of new platforms......»»

Category: financeSource:  philstarRelated NewsMar 20th, 2024

Marcos to Pinoys: Remain firm in your commitment, resolve this dragon year

President Marcos called on Filipinos to remain firm in their commitment and resolve to achieve a harmonious and progressive Philippines as he joined the Filipino-Chinese community in celebrating Chinese New Year yesterday......»»

Category: newsSource:  philstarRelated NewsFeb 11th, 2024

Sun Savings Bank achieves P79M net income, expands consumer loan offerings for 2024

Sun Savings Bank achieves P79M net income, expands consumer loan offerings for 2024.....»»

Category: newsSource:  sunstarRelated News1 hr. 12 min. ago

Maya Bank, WeFund ink P2.75 billion loan channeling deal

Digital lender Maya Bank and WeFund Lending Corp., through Lightning Financing Co., have inked a P2.75-billion loan channeling deal to boost credit accessibility for the unbanked and underserved communities in the Philippines......»»

Category: financeSource:  philstarRelated News8 hr. 22 min. ago

PLDT embarks on green loan journey with Metrobank

PLDT embarks on green loan journey with Metrobank.....»»

Category: newsSource:  sunstarRelated NewsMay 18th, 2024

GSIS waives P1.6 billion penalties for housing loan borrowers

State-run pension fund Government Service Insurance System has waived P1.6 billion in penalties of housing borrowers having difficulties settling their loan obligations......»»

Category: financeSource:  philstarRelated NewsMay 9th, 2024

SteelAsia secures P8.3 billion loan for Batangas steel mill

SteelAsia Manufacturing Corp. has obtained a loan amounting to P8.3 billion from the Government Service Insurance System (GSIS), the Development Bank of the Philippines (DBP) and Philippine Business Bank (PBB) to support the completion of its P18-billion steel section mill in Lemery, Batangas......»»

Category: financeSource:  philstarRelated NewsApr 28th, 2024

Banks see higher loan demand in Q2

Philippine banks are projecting a higher loan demand from both corporate and household borrowers in the second quarter amid a rosier economic outlook and more attractive financing terms from lenders......»»

Category: financeSource:  philstarRelated NewsApr 26th, 2024

ADB, Buskowitz Solar ink $12 million loan for rooftop panels

The Asian Development Bank has signed a $12 million (P675 million) loan agreement with Buskowitz Solar Inc. for the installation of solar panel systems in commercial and industrial buildings’ rooftops in the Philippines......»»

Category: financeSource:  philstarRelated NewsApr 25th, 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

ACEN receives $150 million green term loan from SMBC

A subsidiary of ACEN Corp. has inked a $150 million green term loan facility with Sumitomo Mitsui Banking Corp. to bankroll investments in renewable energy projects across the region......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2024

Solar Philippines, Indonesian partner secure $14 million loan for solar farm

Solar Philippines and its Indonesian partner have secured a $14-million bank loan for the development of a 25-megawatt solar farm in Kubu District, Karangasem Regency, East Bali......»»

Category: lifestyleSource:  abscbnRelated NewsApr 7th, 2024

Solar Philippines, Indonesian partner secure $14 million loan for solar farm

Solar Philippines and its Indonesian partner have secured a $14-million bank loan for the development of a 25-megawatt solar farm in Kubu District, Karangasem Regency, East Bali......»»

Category: lifestyleSource:  abscbnRelated NewsApr 7th, 2024

Tech company cautions public against fake loan providers

Total Information Management Corp., a Filipino-owned technology solutions provider that offers information management services, has cautioned the public against the unauthorized and fraudulent activities using the names Tim Cash or Tim Cash Loan......»»

Category: financeSource:  philstarRelated NewsApr 2nd, 2024

ADB approves USD 100 mln loan to support small and medium-sized enterprises in Sri Lanka

Manila [Philippines], March 19 (ANI): The Asian Development Bank (ADB) has approved a USD 100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to finance and build their resilience to external shocks, such as the economic crisis and climate change. SMEs play a critical role in Sri Lanka's economy, contributing 52 per cent to the country's gross domestic product and employ 45 per c.....»»

Category: newsSource:  manilanewsRelated NewsMar 21st, 2024