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BSP: Timely, broader vaccination to prevent deeper economic scars

The timely and extensive access to vaccines is crucial in preventing deeper economic scars, boosting demand and shoring up confidence amid the emergence of COVID-19 variants in the country, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said......»»

Source: Philstar PhilstarCategory: FinanceJul 23rd, 2021Related News

BPI nets P6.8 billion in Q2, most since pandemic

Bank of the Philippine Islands booked a net income of P6.8 billion in the second quarter, the highest since the start of the COVID-19 pandemic......»»

Source: Philstar PhilstarCategory: FinanceJul 23rd, 2021Related News

Atlas Mining swings to P1.9 billion profit in H1

Atlas Consolidated Mining and Development Corp. posted a net income of P1.94 billion in the first half of the year, a turnaround from its P190 million net loss in the same period last year......»»

Source: Philstar PhilstarCategory: FinanceJul 23rd, 2021Related News

IFC makes $150 million investment in UnionBank’s first social bonds

The International Finance Corp. is investing $150 million in the first social bond to be issued by Aboitiz-led Union Bank of the Philippines to help micro, small and medium-sized enterprises severely affected by the COVID-19 pandemic......»»

Source: Philstar PhilstarCategory: FinanceJul 23rd, 2021Related News

ALI market cap jumps 14-fold to over P500 billion

Ayala Land Inc. saw a near 14-fold increase in its market capitalization to over P500 billion from P42 billion in 1991 when it made its debut at the Philippine Stock Exchange......»»

Source: Philstar PhilstarCategory: FinanceJul 23rd, 2021Related News

PSEi retreats for 3rd week as quarantine tightened measures

The main stock index immediately cut short its rally, ending lower for a third straight week, as the government decided to tighten quarantine measures anew to curb the rapid spread of the more infectious COVID Delta variant......»»

Source: Philstar PhilstarCategory: FinanceJul 23rd, 2021Related News

BDO Securities cautiously optimistic amid virus risks

Despite the improved pace of vaccination for COVID-19, BDO Securities still sees risks that may derail the local stock market’s recovery......»»

Source: Philstar PhilstarCategory: FinanceJul 23rd, 2021Related News

Trading platform for digital assets launched in Bataan

A unit of the DFNN Group recently launched a trading platform for digital assets, including cryptocurrencies, at the Freeport Area of Bataan......»»

Source: Philstar PhilstarCategory: FinanceJul 23rd, 2021Related News

Smart rolls out more free WiFi

Smart Communications Inc. is bringing free WiFi connectivity to more communities in the country as it expands its Barangay Connect program......»»

Source: Philstar PhilstarCategory: FinanceJul 23rd, 2021Related News

Financial consumer protection law pushed as complaints hit 12,000

The Bangko Sentral ng Pilipinas is pushing for the enactment of a law that aims to enhance consumer protection as the number of complaints continues to grow amid the complexity of financial products and services as well as the increased adoption of digitalization in the country......»»

Source: Philstar PhilstarCategory: FinanceJul 23rd, 2021Related News

Presidential promise

There are at least three things that Filipinos are eagerly awaiting as of press time......»»

Source: Philstar PhilstarCategory: FinanceJul 23rd, 2021Related News

Rice inventory up 5.6% in June

The country’s rice inventory rose 5.6 percent in June after a decline in May, according to the Philippine Statistics Authority ......»»

Source: Philstar PhilstarCategory: FinanceJul 23rd, 2021Related News

DBP extends P700 million loan for new hospital

State-run Development Bank of the Philippines has extended a loan package worth more than P700 million to a private firm for the construction of a hospital in Quezon where bed capacity is lacking......»»

Source: Philstar PhilstarCategory: FinanceJul 23rd, 2021Related News

Regulator orders halt to Lyka operations

The Bangko Sentral ng Pilipinas has ordered social media platform Lyka to halt its operations until it secures a license from the BSP as an operator of payment system in order to protect public interest......»»

Source: Philstar PhilstarCategory: FinanceJul 23rd, 2021Related News

FPH starts vaccine rollout for employees, dependents

First Philippine Holdings Corp. has started the rollout of its COVID-19 vaccines for employees and dependents as part of the Lopez-led conglomerate’s program to help assure the health of its workforce and support government’s overall aim to achieve herd immunity against the dreaded virus......»»

Source: Philstar PhilstarCategory: FinanceJul 23rd, 2021Related News

Construction industry players gather to plot recovery plans

The local arm of Paris-based International Real Estate Federation is gearing up for its annual conference in Manila in October to recognize achievers among its members and at the same time plot their recovery plans......»»

Source: Philstar PhilstarCategory: FinanceJul 23rd, 2021Related News

Backed by IFC, UnionBank to issue Philippines second social bonds

Aboitiz-led Union Bank of the Philippines would sell “social” bonds to finance loans for small companies that were badly hit by the pandemic, with World Bank’s private sector arm investing in the planned issuance......»»

Source: Philstar PhilstarCategory: FinanceJul 23rd, 2021Related News

Premiere Horizon Alliance signs options agreement to access equity financing

Mining, tourism, and real estate company Premiere Horizon Alliance, which was recently purchased by Marvin Dela Cruz and friends, signed a “Put Option Agreement” with LDA Capital Limited (LDA)......»»

Source: Philstar PhilstarCategory: FinanceJul 23rd, 2021Related News

Filinvest REIT prices its IPO offer at P7.00 per share

The Gotaniun Family introduced Filinvest REIT to the market with a maximum price of P8.30/share, but telegraphed that they would likely discount the price......»»

Source: Philstar PhilstarCategory: FinanceJul 23rd, 2021Related News

BPI Q2 profit up 29% year-on-year

BPI posted a Q2/21 profit of P6.8 billion, up 29% from Q2/20 profit of P5.3 billion, and up 36% from Q1/21 profit of P5.0 billion......»»

Source: Philstar PhilstarCategory: FinanceJul 23rd, 2021Related News