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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......»»
Asialink eyes P2.4 billion in truck loans as e-commerce grows
Asialink Finance Corp. is looking at lending as much as P2.4 billion this year to the fast growing market for brand new and used trucks that are essential to the growth of e-commerce and logistics......»»
La Union local water suppliers urged to examine current supply woes
La Union Gov. Raphaelle Ortega-David called on local water suppliers in her province to assess the current water supply situation in La Union and address challenges amid the drought being experienced throughout the province......»»
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......»»
Reissued T-bonds fetch higher rates
The reissuance of the government’s long-term securities fetched higher rates amid expectation of faster inflation in March that likely breached the target of the central bank......»»
SM conglomerate optimistic on growth prospects for 2024
Conglomerate SM Investments Corp. of the Sy family is cautiously optimistic for 2024, but remains committed to stay on growth mode after solid contributions from its core businesses and higher earnings contribution from portfolio investments, which lifted earnings by a quarter to P77 billion in 2023......»»
Vehicle sales exceed 2023 target
Vehicle sales surpassed the industry’s target last year, registering a 21.9 percent growth amid sustained consumer demand and improved supply conditions......»»
NEDA Optimistic on Economic Growth in the PH for 2024
National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan expressed optimism about the country’s economic growth for 2024. According to Balicasan, major development organizations like the IMF, ADB, and the World Bank expect the country to have an economic growth rate of at least 6%. The IMF projects a growth rate of 6.2%, the ADB […].....»»
ADB cuts Philippines growth outlook to 6% in 2024
The Asian Development Bank has trimmed its growth forecast for the Philippines for this year, citing risks posed by extreme weather events that can drive up inflation and the slower growth in advanced economies......»»
Philippine government retains 6.5 to 7.5 pct GDP growth target for 2024
MANILA, Jan. 26 (Xinhua) -- National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan on Friday expressed optimism that the Philippine government will achieve a gross domestic product growth of 6.5 percent to 7.5 percent in 2024. "This growth will be supported by low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower.....»»
Philippine government retains 6.5 to 7.5 pct GDP growth target for 2024
MANILA, Jan. 26 (Xinhua) -- National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan on Friday expressed optimism that the Philippine government will achieve a gross domestic product growth of 6.5 percent to 7.5 percent in 2024. "This growth will be supported by low and manageable inflation, a labor force with access to more and better jobs, a stronger fiscal position in the form of a lower.....»»
Trump historic trial: Takeaways from 1st day of hush-money court case
Donald Trump entered the history books on Monday, becoming the first former US president to stand trial on criminal charges. Here are key takeaways from the opening day of “The People of the State of New York vs Donald J. Trump,” in which he faces charges of falsifying business records to conceal “hush money” payments.....»»
Thailand plans to hand out $13.7B in digital money
Thailand plans to hand out $13.7B in digital money.....»»
2 Best Ways to Save Up for Something
Sometimes, you find yourself unable to afford something you desire. While resorting to debt might seem convenient, it’s far from ideal. Saving money is a superior alternative, albeit challenging. Often, the struggle lies in maintaining savings, as funds intended for one purpose end up diverted elsewhere. We’re all familiar with the difficulty of saving money. […].....»»
How to make money from your talents: Sharon Cuneta shares ideas
Want to pursue your passion but don’t know if you can make money from it?.....»»
Man kills mother who refused to give him money
For refusing to give him money, a 39-year-old man stabbed to death his mother in Quezon City shortly after midnight yesterday......»»
Smart money decisions
Minimizing risks is key for all individuals who want to grow their money......»»
5 Practical Steps to Balance Money for a Well-Rounded Life
Trying to save money is good for you financially but sometimes we can be overly frugal, and it can be bad for you too. Saving is not just about pinching pennies — it’s about finding the right balance that lets you enjoy your life without hurting your saving habits. Giving yourself a break from time […].....»»
Philippines remains on FATF gray list
The Philippines failed anew to exit the gray list or list of jurisdictions under increased monitoring after falling short in addressing the remaining concerns on its anti-money laundering and counter-terrorist financing regime, according to global dirty money watchdog Financial Action Task Force......»»
Your Brain Might be Hindering You to Save Money, Here’s Why
Saving money poses a formidable challenge, and surprisingly, our brains might be the culprits behind our financial struggles. Psychological and behavioral quirks create hurdles, necessitating an understanding of these factors to triumph over mental obstacles and attain financial goals through savings. Exploring the psychological and behavioral tendencies that turn saving into an uphill battle reveals: […].....»»