A Thai-owned agri-industrial and food conglomerate has joined the Philippine government in its mission to revive the country’s swine industry, which had been adversely affected by the African Swine Fever (ASF) crisis. CRUCIAL PACT -- Thai-based agri firm Charoen Pokphand Foods Philippines...
In a bid to entice more borrowers from the agriculture sector, Bank of the Philippines (BPI) has opened a loan program to small and medium enterprises (SME) with no collateral and fewer documentary requirements. BPI Business Banking Head Eric Luchangco said in a statement that the Ayala-led bank is...
The Philippines' chief economic manager said the domestic economy should quickly adapt digitalization to remain viable, otherwise "drown in its wake." At virtual groundbreaking ceremonies of Union Bank of the Philippines Innovation Campus, Finance Secretary Carlos G. Dominguez III saiid that the...
The Bangko Sentral ng Pilipinas (BSP) has issued the guidelines on the management of liquidity risk by Islamic banks and Islamic banking units (IBUs) to attract investments and consumer interests in Islamic banking and finance. The Monetary Board approved Circular No. 1116 Tuesday, (May 25) which...
Transportation costs for crops will be drastically reduced once the 4.9-kilometer agricultural road carved atop the mountainous municipality of Banaue in Ifugao is completed, the Department of Agriculture (DA) said. CARVED OUT OF THE MOUNTAIN-- The 4.9-kilometer Viewpoint-San Fernando...
The Philippine government on Friday welcomed the ceasefire agreement reached by Israel and the Palestinian militant group Hamas after nearly two weeks of bloody exchanges of rockets and airstrikes that left 232 Palestinians and 12 Israelis dead. People celebrate in the streets following a ceasefire...
Philippine Business Bank (PBB) reported a 59 percent fall in net income to P160 million in the first quarter of 2021 from the P394 earned in the same period last year due to mark-to-market trading losses. However, in a disclosure to the Philippine Stock Exchange, the bank said its core income grew...
The Philippine government on Thursday placed Gaza under Alert Level 2 as it prepares to evacuate Filipinos who wish to return home due to the escalating conflict between the Israelis and the Hamas militants. The alert level situation in Israel and Gaza Strip issued by the Philippines (Facebook/DFA)...
Asia United Bank reported a 38 percent drop in consolidated net income to P736 million in the first three months of 2021 from the P1.2 billion earned a year ago primarily due to higher loan loss provisions. “While COVID-19-related lockdown persists and the economy continues to reel from the...
Asia United Bank reported a 38 percent drop in consolidated net income to P736 million in the first three months of 2021 from the P1.2 billion earned a year ago primarily due to higher provisions. “While COVID-19-related lockdown persists and the economy continues to reel from the impact of...
State-lender Land Bank of the Philippines continues in administering support programs for the Department of Agriculture as part of the rice tariffication law’s (RTL) implementation to help Filipino rice farmers. In a statement on Wednesday, May 19, Land Bank said it has disbursed a total of P7.5...
The Bangko Sentral ng Pilipinas (BSP) approved four new banking offices in the last quarter of 2020 compared to 67 new branch applications in the same period in pre-pandemic 2019. Based on a BSP circular letter, there was only one approved regular branch and three branch-lite units (BLUs) in the...
