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SBI s net profit grows 18% in fourth quarter, 20.5% for entire 2023-24
New Delhi [India], May 9 (ANI): The State Bank of India (SBI), the country's largest lender, has reported an 18 percent rise in consolidated net profit at Rs 21,384 crore for the quarter that ended in March, aided by strong credit growth. SBI reported a net profit of Rs 18,094 crore in the year-ago period. Consolidated net profit during the entire financial year 2023-24 rose by 20.55 per cent to Rs 67,085 crore as against.....»»
Southeast Asia firms face threat of digital break-in–report
Cybersecurity leader Kaspersky has neutralized more than 61 million brute force attacks against businesses in Southeast Asia, including about five million in the Philippines, warning companies to raise their digital defenses or suffer financial consequences......»»
Puregold sees sustained growth this year
Puregold Price Club Inc., the flagship retail chain of businessman Lucio Co, is optimistic on sustained revenue growth this year after ending the first quarter with positive financial results......»»
Philippines returns to international dollar bond market
The Philippines has returned to the international bond market via a dual-tranche US dollar-denominated bond offering, seeking financial support for the state’s budgetary needs......»»
Globe cranks up fight vs illegal gambling sites
Mobile giant Globe Telecom Inc. has blocked access to more than 1,000 illegal gambling sites in the first quarter of the year in an effort to push its subscribers away from financial and social troubles......»»
Non-banks’ domestic claims up by 15 percent in Q4
The domestic claims of non-bank financial institutions increased by 15 percent to P9.05 trillion in the fourth quarter of 2023 from P7.87 trillion in the same quarter in 2022, based on a survey of the Bangko Sentral ng Pilipinas (BSP)......»»
BSP tightens rules on reporting threats
The Bangko Sentral ng Pilipinas (BSP) is now requiring banks and financial institutions to report any significant incident related to money laundering, terrorism and proliferation financing within 24 hours......»»
DMW’s new 10-point agenda to run on lesser 2024 budget
New Department of Migrant Workers Secretary Hans Leo Cacdac will prioritize overseas Filipino workers' protection and financial leverage despite his agency receiving a lower budget this year by some P2.935 billion......»»
Pharma firms told: Report ties with health care providers
Amid the “prescription for sale” controversy, all pharmaceutical and other medical supply companies are reminded to submit reports on financial relationships with health care providers to the Food and Drug Administration......»»
ADB annual meet to prepare world for the future
TBILISI – Government officials from nearly 70 states, development partners, private sector and civil society organizations will gather here to discuss how the current and future financial and economic conditions will impact the world......»»
Palawan Group of Companies, SB Corporation join forces to improve payment solutions for MSMEs
Through the expansive nationwide network and innovative payment solutions provided by the Palawan Group of Companies, SB Corp. reinforces its commitment to empowering MSMEs and working together to promote financial inclusivity throughout the Philippines......»»
Palawan Group of Companies and SB Corporation join forces for enhanced payment solutions
The Palawan Group of Companies, a trusted leader in pawning and financial services, has strengthened its strategic partnership with Small Business Corporation (SB Corp.) to enhance payment solutions for micro-, small, and medium enterprises (MSMEs) across the Philippines. Established in 1991 under RA No. 6977 and subsequently amended by RA 8289 in 1997, SB Corp......»»
Dito ends Smart’s streak as Philippines fastest operator
Industry disruptor Dito Telecommunity Inc. outpaced its competitors in the speed contest in the first quarter, showing its aggressive stance despite its young network and financial struggles......»»
Philippines is top recipient of ADB aid in 2023
The Philippines was the biggest recipient of financial assistance from the Asian Development Bank in 2023, securing around $8.4 billion......»»
Pop-up Shop or Brick and Mortar Store?
For entrepreneurs, selecting the right retail shop type can make or break their business, as there are a plethora of factors to consider when selecting one such as financial capability, portability, longevity. While brick-and-mortar stores have long been the established model, the rise of pop-up shops offers a dynamic and flexible alternative. So which path […].....»»
‘Millennials most financially literate generation in Philippines’
Generation Y, colloquially known as the millennials, are considered as the most financially literate generation of Filipinos, whose long-term financial goals are likely to be met......»»
Abby aids ‘embo’ students in robotics tilt
Makati Mayor Abby Binay has given financial assistance to the robotics team of West Rembo Elementary School, which will compete in the 2024 VEX Robotics World Championship in Dallas, Texas from April 25 to May 3......»»
Maya Bank lends P2.75 billion to fintech firm Tala
Philippine digital lender Maya Bank has signed a loan channeling partnership with global financial technology firm Tala, providing P2.75 billion of loan capital to the fintech company......»»
InstaPay, PESONet transactions hit P3.8 trillion in Q1
The value of online payments coursed through the automated clearing houses established by the Bangko Sentral ng Pilipinas (BSP) reached P3.81 trillion in the first three months of the year, as Filipinos continue to use digital channels for their financial transactions......»»
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......»»