The Bureau of Internal Revenue (BIR) is set to undergo a significant modernization of its tax administration processes, courtesy of a $400 million loan from the Asian Development Bank (ADB). The digitalization program, a focal point of this initiative, received praise in a press statement...
CEBU CITY – Tourism and infrastructure projects were pushed when officials from the World Bank recently visited the province of Bohol. Gov. Aris Aumentado said the recent visit strengthened the ties between the province and the World Bank. BOHOL Gov. Aris Aumentado (center) welcomes officials...
To enhance investment returns, the Social Security System (SSS) has tapped two government-owned banks to serve as its local fund managers for the next three-year period. Rolando Ledesma Macasaet, SSS president and chief executive officer said, the pension fund has allocated P2 billion in...
Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC), posted a record net income of P2 billion for the first nine months of 2023, outperforming the full-year 2022 profit of P1.8 billion by 12 percent. In a disclosure to the Philippine Stock Exchange (PSE), the bank said it...
GT Capital Holdings Inc., the Ty family conglomerate, reported that its consolidated net income rose 54 percent to P23.09 billion in the first nine months of 2023 from the P14.95 billion earned in the same period last year, boosted by its banking and automotive businesses. In a disclosure to the...
Ayala-led Bank of the Philippine Islands (BPI) has increased its final bond sale offer to P36 billion from the initial P5 billion value due to “strong investor demand.” In a disclosure to the Philippine Stock Exchange (PSE), the bank issued and listed the P36 billion 1.5 year peso fixed-rate...
Asia United Bank (AUB) posted a P6.1 billion consolidated net income for the first nine months of 2023, which is 32 percent higher than last year’s income of P4.6 billion due to sustained business volume and margin growth, along with higher non-interest income. In a disclosure to the Philippine...
Lopez-led First Gen Corporation has signed P20 billion term loan agreement with major local banks - BDO Unibank, Inc. (BDO) and Bank of the Philippine Islands (BPI) – primarily to fund the acquisition of the 165-megawatt Casecnan hydroelectric power project (CHEPP) in Nueva Ecija. As clearly laid...
Two Filipinos from the West Bank left Jordan Wednesday as they were sent off by Philippine Ambassador in Amman Wilfredo Santos, who for a month has been encouraging Filipinos in the Palestinian territory to seek repatriation from the government. Two female Filipinos from the West Bank were the...
The Philippine government is repatriating the first batch of Filipinos from the West Bank, a Palestinian territory separated from Gaza, after two Filipinos already crossed to Jordan. Department of Foreign Affairs (DFA) Undersecretary Eduardo Jose de Vega said the two Filipinos will leave the...
China Banking Corporation (Chinabank) posted a 10 percent improvement in net income to P16.2 billion in the first nine months of 2023 from P14.7 billion in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the bank said this translated to a return on equity...
Leading energy player Aboitiz Power Corporation has inked a memorandum of understanding (MOU) with the Japan Bank for International Cooperation (JBIC) so it can explore ‘transition financing package for its planned power projects – primarily for targeted developments in the renewable energy...
