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Saturday, April 20, 2024

Banking & Finance

BOP posted $1.2-b surplus in March; GIR rose to $104b

The Philippines posted a balance of payments (BOP) surplus of $1.2 billion in March 2024, bringing the tally in the first quarter to a positive position. “The BOP surplus in March 2024 reflected inflows arising mainly from the national government’s (NG) net foreign currency deposits with the Bangko Sentral ng Pilipinas (BSP) and net income from the BSP’s investments abroad,” the BSP said in a statement Friday. It said the BOP...

WB vows to support PH infra projects

The World Bank agreed to support the Philippine government’s “Build Better More”...

Pascual welcomes Nitori’s investment

Trade Secretary Alfredo said Nitori Philippines, a wholly-owned unit of Japan’s Nitori...

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

BDO Unibank Inc., the country’s largest lender, said Friday it will increase...

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LandBank’s digital transactions hit P4.6 trillion in three quarters

The major digital banking platforms of the Land Bank of the Philippines facilitated 111.3 million transactions amounting to P4.6 trillion, representing 15 percent and...

BDO promotes PERA for better-off retirement

Most Filipinos remain unresponsive to retirement planning even when its importance has been highlighted by experts. The lack or insufficient understanding of its benefits...

PSBank’s earnings surged 126% in three quarters

Philippine Savings Bank, the thrift banking arm of the Metrobank Group, said Monday net income in the first nine months jumped 126 percent to...

AUB launches unified card QR link

Asia United Bank, one of the fastest growing and publicly-listed universal banks, on Monday launched the AUB PayMate Unified Card QR link that enables...

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