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First Gen income up 4 percent to P15.4 billion in 2023
Lopez-led power firm First Gen Corp. grew its income by four percent to P15.4 billion in 2023, from the previous year’s profit of P14.3 billion, mainly due to contributions from its geothermal subsidiary Energy Development Corp......»»
CLI allots higher capex, partners with Japan firm
Cebu Landmasters Inc. is hiking its capital spending to P14.5 billion this year as it gears up for growth and expansion following a strong financial performance in 2023......»»
PSE approves listing of GSIS-owned Alternergy preferred shares
Alternergy disclosed that the PSE has approved its application to list the 100 million preferred shares that it sold to the Government Service Insurance System at a price of P14.50/share......»»
Three MPBs built in barangays of Calbayog City
Construction of three (3) multipurpose buildings in the First District of Samar has already been completed with a revised contract amount of P14.57 million, funded under the General Appropriations Act (GAA) 2022......»»
Sulu drug suspect slain; P14.4 million marijuana destroyed in Kalinga
A drug suspect, who has yet to be identified, was killed while another was arrested for alleged possession of shabu worth P3.4 million in a sting in Maimbung, Sulu on Sunday......»»
Boulevard Holdings Q2 net income down 86% y/y, down 336% q/q
Boulevard Holdings reported a Q2/23 net loss of P33 million, down 86% from its Q2/22 net loss of P18 million, and down 336% from its Q1/23 net income of P14 million......»»
Agri damage from Caraga, Davao landslide hits P78 million
The NDRRMC reported that an estimated P64,069,839 worth of damage was recorded in the Davao Region, while P14,040,579.6 was documented in CARAGA......»»
Ex-Iloilo lawmaker acquitted of ‘pork’ rap
The Sandiganbayan has acquitted former Iloilo 5th District representative Rolex Suplico of a graft case in connection with the alleged misuse of his Priority Development Assistance Fund (PDAF) or pork barrel amounting P14.7 million in 2007......»»
Maya solidifies hold as top digital bank
Maya solidifies hold as top digital bank.....»»
Tax Notes: ITR filing 2023: Extended banking hours, bank acceptance of tax returns on Saturdays, out-of-district filing
Tax Notes: ITR filing 2023: Extended banking hours, bank acceptance of tax returns on Saturdays, out-of-district filing.....»»
CIMB boosts financial inclusion with Lazada
Digital-only commercial bank CIMB Bank Philippines has teamed up with e-commerce platform Lazada Philippines to further advance financial inclusion and digital payments among Filipinos, targeting to onboard 500,000 borrowers within six months......»»
ASEAN expands regional payment connectivity
The Association of Southeast Asian Nation has onboarded Brunei Darussalam Central Bank and Bank of the Lao PDR in ramping up cross-border payments in the region, bringing the number of total central banks participating in the regional payment connectivity initiative to eight......»»
ED attaches asset worth Rs 70 lakh in bank fraud implicating Hyderabad-based Jasleen Enterprises
New Delhi [India], March 28 (ANI): The Directorate of Enforcement (ED) has attached an immovable property valued at Rs 70 lakh in a bank fraud case involving Jasleen Enterprises headquartered in Hyderabad. The Hyderabad division of the ED attached the fixed asset in accordance with the stipulations outlined in the Prevention of Money Laundering Act (PMLA) of 2002. ED initiated investigation on the basis of First Informati.....»»
DOF: GFIs can seek extended relief after Maharlika infusion
Government financial institutions Land Bank of the Philippines and Development Bank of the Philippines will likely seek an extension of its regulatory relief following contributions to the country’s sovereign wealth fund......»»
GSIS taps Maya for payments
State-run pension fund Government Service Insurance System is expanding its payment channels through a partnership with digital bank Maya Bank Inc......»»
BPI to sell its entire 15% GoTyme Bank stake back to the Gokongweis
Zobel Family banking unit BPI disclosed that its board of directors has approved the sale of BPI’s stake in GoTyme Bank to a subsidiary of JG Summit and a company called Giga Investment Holdings Pte. Ltd. at a price of P1.20/share......»»
Bank of Japan ends negative interest rate policy
Bank of Japan ends negative interest rate policy.....»»
Security Bank, Helios team up for solar energy in households
Security Bank Corp. has tied up with climate fintech firm Helios to boost the access of Filipino homeowners to clean and sustainable energy......»»
CARD Bank marks 26th year as financial inclusion champion to Filipino communities
CARD Bank, Inc. celebrated its 26th founding anniversary and savings month with the theme “Conquering a new frontier towards more inclusive financial services” on September 1, 2023......»»
Security Bank advances sustainability journey to deliver meaningful stakeholder impact
Security Bank made significant advancements in its sustainability journey last year, and has ambitious plans for 2024......»»