Finance Secretary Carlos Dominguez, acting on separate rulings of the Office of the Ombudsman, had dismissed a Bureau of Customs (BOC) officer and two municipal treasurers.
Read More »Banking & Finance
BDO insurance unit’s profit grows 24% for this year
Banco de Oro’s insurance arm BDO Life Assurance Co. Inc. (BDO Life) capped the third quarter of 2016 with P6.3 billion in total premium income, representing a 24 percent growth from a year ago.
Read More »P4.8T eyed as bufferfor storm-prone nations
The Philippines, which is considered among the vulnerable countries for rapid shift climate due to global warming, can tap into $100 billion or P4.8 trillion a year in funding for climate action projects that multilateral funding agencies seek to put up under the United Nations’ Green Climate Fund (UNGCF).
Read More »Filipino, Pakistani execs seek broader trade ties
Executives of the Philippines and Pakistan seek to broaden and diversify economic ties of both countries through enhanced cooperation in the fields of agriculture, defense, information technology (IT) and pharmaceuticals.
Read More »UnionBank taps Voyager scheme for workers’ perks
UnionBank of the Philippines (UnionBank) has tapped information technology firm Voyager Innovations’ Takatack Rewards digital incentive system for the bank’s employees, in line with its efforts for digital transformation.
Read More »Online threats stronger after $81-M cybertheft
Online security threats in the aftermath of the high-profile cybertheft of $81 million from the Bangladesh Bank have been rising in the Asia-Pacific region, cybersecurity firm Fortinet has said.
Read More »HSBC forecasts P465B in 2017 local borrowings
The government is expected to issue more bonds next year that will reach about P465 billion to address increased funding needs in line with the programmed hike in infrastructure spending, banking giant Hongkong and Shanghai Banking Corp. (HSBC) said in a report.
Read More »M3 rose 12.8% to P8.9T in October
By Riza Lozada Money supply (M3) has risen 12.8 percent from a year ago in October to P8.9 trillion from a growth of 12.7 in the previous month in line with the sustained growth of the economy despite a slight decline in bank lending.
Read More »PayMaya, Mastercard unite for financial inclusion scheme
PayMaya Philippines, formerly Smart eMoney Inc, a pioneer in financial technology services, and its long-standing partner, leading global payments company Mastercard, have renewed agreement to continue the use of PayMaya mobile payment gateway solutions by Mastercard in the global market.
Read More »Spanish trade mission backs growth agenda
A top-level Spanish delegation which visited Davao City last week has expressed Spain’s support for President Duterte’s 10-point socioeconomic agenda and lauded his ongoing peace initiatives with insurgent groups as well as his strong campaign against illegal drugs.
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