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Big banks post double-digit growth in loans, assets in Q3

Admin 08/12/2024 Business No Comments
THE COMBINED ASSETS and loans of the Philippines’ biggest banks rose by double digits in the third quarter, amid increased economic activity. The latest edition of BusinessWorld’s quarterly banking …
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CTA orders P109-M refund for OceanaGold

Admin 08/12/2024 Business No Comments
THE COURT of Tax Appeals (CTA) has partially granted a refund to OceanaGold Philippines, Inc., amounting to over P109 million, covering the four taxable quarters of 2019 and representing …
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Central bank likely to continue easing despite inflation uptick, say analysts

Admin 08/12/2024 Business No Comments
THE BANGKO SENTRAL ng Pilipinas (BSP) will likely continue its rate-cutting cycle despite the slight uptick in November inflation, analysts said. However, risks such as the weakening of the …
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Dollar reserves slip 2% at end-Nov.

Admin 08/12/2024 Business No Comments
THE PHILIPPINES’ gross international reserves (GIR) dipped at the end of November as the government settled some of its foreign currency-denominated debt, data from the Bangko Sentral ng Pilipinas …
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‘X’ marks new era for Volvo

Admin 08/12/2024 Business No Comments
UNDERSCORING the local arrival of the Volvo EX30 is the start of the Swedish car maker’s Philippine distributorship under Hariphil Asia Resources, Inc. (HARI). Source link
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GOCC subsidies increase 30.4% in October

Admin 08/12/2024 Business No Comments
SUBSIDIES provided to government-owned and -controlled corporations (GOCCs) rose 30.24% year on year in October, the Bureau of the Treasury (BTr) said. The Treasury said budgetary support to GOCCs …
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PHL seeks $1-B World Bank loan for resilient agri

Admin 08/12/2024 Business No Comments
THE PHILIPPINES is seeking a $1-billion World Bank loan to boost agrifood productivity and resiliency in the face of challenges posed by climate change. The proposed Philippine Sustainable Agriculture …
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‘Significant progress’ in Philippine road to nuclear energy

Admin 08/12/2024 Business No Comments
THE PHILIPPINES has made significant progress in its pursuit of nuclear energy, though further work is needed on its strategy, according to an assessment issued by the International Atomic …
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Apple Faces Lawsuit Over Child Sexual Abuse Material on iCloud

Admin 08/12/2024 Business No Comments
Victims of abuse are seeking more than $1.2 billion in damages, arguing that the company abandoned a 2021 system it developed to find abusive material. Source link
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Japan trade agreement overdue for review, trade department says

Admin 08/12/2024 Business No Comments
THE Department of Trade and Industry (DTI) said that the Japan-Philippines Economic Partnership Agreement (JPEPA) should be reviewed to account for developments in digital trade, among others. At the …
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