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SMC’s F& B unit nets record P38 billion in 2023
The food and beverage unit of San Miguel Corp. reached new heights in 2023 as it raked in an all-time high profit of P38.1 billion, with all segments clocking in growth......»»
P38 daily wage hike for Davao region workers
DAVAO CITY (MindaNews / 20 February) – The Regional Tripartite Wages and Productivity Board-Davao Region (RTWPB-Davao) has approved a P38 daily increase for minimum wage earners in the region, to be implemented in two tranches starting next month. In an announcement released by the Department of Labor and Employment (DOLE)-Davao on February 19, it said […].....»»
PDIC extends loan incentive program for closed bank borrowers
PDIC extends loan incentive program for closed bank borrowers.....»»
Explained: PDIC and How It Works
At some point, I’m sure you’ve seen the acronym “PDIC” and “PHP500,000” together somewhere, especially if you’re constantly in digital banking apps or physical branches up and about. In the world of finance, understanding mechanisms that safeguard your hard-earned money is of utmost importance. One key player in this domain is the Philippine Deposit Insurance […].....»»
PDIC now accepts digital payments through Land Bank of the Philippines’ Link.BizPortal facility
PDIC now accepts digital payments through Land Bank of the Philippines’ Link.BizPortal facility.....»»
PNB asset sale seen to yield P5.4 billion
Philippine National Bank will raise at least P5.41 billion from the disposition and monetization of foreclosed assets in Makati, Mandaluyong and Quezon City next month......»»
ED attaches assets under PMLA in Kamla Landmarc case
Mumbai (Maharashtra) [India], February 29 (ANI): The Directorate of Enforcement (ED), Mumbai, has issued two provisional attachment orders under the provisions of Prevention of Money Laundering Act (PMLA), 2002, attaching assets worth Rs. 48.67 crore of Jitendra Jain, Director in various partnership firms and private companies owned by Kamala Landmarc Group of companies and assets worth Rs. 15.29 Crore of Parvath Shetty,.....»»
ED attaches assets under PMLA in Kamla Landmarc case
Mumbai (Maharashtra) [India], February 29 (ANI): The Directorate of Enforcement (ED), Mumbai, has issued two provisional attachment orders under the provisions of Prevention of Money Laundering Act (PMLA), 2002, attaching assets worth Rs. 48.67 crore of Jitendra Jain, Director in various partnership firms and private companies owned by Kamala Landmarc Group of companies and assets worth Rs. 15.29 Crore of Parvath Shetty,.....»»
AMLC freezes assets of 8 terrorist groups
The Anti-Money Laundering Council has issued orders to freeze the assets of eight groups and a person designated as terrorists by the Anti-Terrorism Council......»»
Recto revives plan to sell NAIA assets
Finance Secretary Ralph Recto has revived plans to sell the assets of the Ninoy Aquino International Airport and turn it into a new business district to generate additional revenues for state coffers......»»
Bank assets grow 10 percent to P24.8 trillion
Philippine banks’ assets grew by 10.3 percent to P24.81 trillion in January from the P22.49 trillion recorded a year ago, according to data from the Bangko Sentral ng Pilipinas,.....»»
West divided over seizing Russian assets - Bloomberg
France and Germany have warned that outright confiscation would reflect badly on the West's financial system A rift is growing between Western allies over confiscating frozen Russian assets to help Ukraine as they continue to argue over legal ways to use the immobilized funds, Bloomberg reported on Wednesday. &n.....»»
Resilient facilities, adequate rescue assets, among priorities in DRRM, says OCD chief
Resilient facilities, adequate rescue assets, among priorities in DRRM, says OCD chief.....»»
Converge ICT Solutions, Dito Telecommunity sign Master Facilities Provisioning DEAL to share assets
Converge ICT Solutions, Dito Telecommunity sign Master Facilities Provisioning DEAL to share assets.....»»
Converge, Dito agree to share cable assets
Connectivity firms Converge ICT Solutions Inc. and Dito Telecommunity Corp. have decided to work together and have signed an agreement to share their cable assets to expand their coverage and improve services......»»
Catch wall built in Brgy. Nabang to protect motorists
Samar First District Engineering Office has completed the construction of a concrete catch wall in Brgy. Nabang, Calbayog City, Samar with a total revised contract amount of P38.40 million funded under the General Appropriations Act (GAA) 2023......»»
PDIC settles P614 million in deposit insurance claims
State-run Philippine Deposit Insurance Corp. has settled P614 million in deposit insurance covering 15,796 accounts from padlock banks in 2023......»»
PDIC studying increase in bank deposit protection limit
The Philippine Deposit Insurance Corp said that it is conducting a study to determine if the current protection limit of P500,000 should be increased along with the introduction of other measures to “instill market discipline”......»»
Manila Water sells stake in Bulacan units to SMC
Razon-led Manila Water Co. Inc. is divesting its stake in two Bulacan joint venture corporations for P1 billion to a subsidiary of San Miguel Corp. as it focuses on other activities outside the East Zone concession......»»
Nino Muhlach sells FAMAS trophy to Boss Toyo
Former child actor and entrepreneur Nino Muhlach sold one of his trophies from the Filipino Academy of Movie Arts and Sciences (FAMAS) to Boss Toyo P500,000, but the latter said the trophy is “priceless” .....»»