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Friday, April 19, 2024

Banking & Finance

BDO increases cash dividends to P1 per share in 2nd quarter

BDO Unibank Inc., the country’s largest lender, said Friday it will increase the regular cash dividends of common shares to P1 per share starting the second quarter of 2024. BDO president Nestor Tan said in a news briefing the board approved this new dividend policy going forward. Prior to this, the bank declared regular cash dividend of common shares amounting to P0.75 per share. Tan said the bank is cautiously optimistic about...

Peso dives to new 17-month low of 57.65 a dollar

The Philippine peso tumbled to a new 17-month low amid concerns over...

Recto: US investors express interest in expanding in PH

Several American investors expressed interest in expanding to the Philippines after Finance...

World Bank aims to expand health services to 1.5b people

The World Bank Group announced an ambitious plan to support countries in...

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Metrobank opens more branches

Metropolitan Bank & Trust Co. (Metrobank) opened opens three new branches in key business districts in Metro Manila. Metrobank account holders – from individuals to...

Recto heads G24 meeting, asks WB, IMF for more action

Finance Secretary Ralph Recto called on the World Bank and the International Monetary Fund (IMF) to act decisively and ramp up support for developing...

BDO’s income rose 12% to P18.5b in first quarter

BDO Unibank Inc., the country’s largest lender led by the SM Group, said Thursday it delivered a net income of P18.5 billion in the...

China Bank declares P5.9b cash dividends

China Banking Corp. (Chinabank) on Thursday declared total cash dividend of P5.9 billion after registering a record high profit in 2023. The P5.9 billion cash...

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