Banking & Finance

For the first time in many years, the gov­ernment main revenue agencies, the Bureau of Customs (BOC) and Bureau of Internal Revenue (BIR), are expected to hit their respective collection targets for this year, given their solid performance in 2016 and at the onset of 2017, Finance Secretary Carlos Dominguez III said.

Top finance students of state universities were recently introduced to global bank Citi’s banking products and services at the launch of Citi Junior Bankers mentoring sessions.

By Riza Lozada Former Sen. Alberto Romu­lo assumed the post as new chairman of the board of the Development Bank of the Phil­ippines (DBP) after Finance Secretary Carlos Dominguez III swore him into office last week.

By Riza Lozada  Domestic liquidity or M3 reported a slower growth of 12.4 percent in January from the revised 12.7 percent increase last December, data released by the Bangko Sentral ng Pilipinas (BSP) showed. 

Globe Telecom has built up a P14 billion warchest to beef up its effort to speed up and widen its Internet business after acquiring bandwidth assets of San Miguel Corp. in the costly P70 billion purchase deal in a team up with Philippine Long Distance Telephone Co. (PLDT). 

Light Rail Manila Corp (LRMC), the operator of Light Rail Transit Line 1 (LRT-1), received the award for Best Project Finance Deal of 2016 in the 10th Annual Alpha Southeast Asia Best Deal and Solution Awards held in Malaysia recently. 

State-run pension fund Social Security System (SSS) reported its revenues jumped 8.34 percent to P160 billion as of the end of November last year. 

A systematic process of identifying the next Bangko Sentral ng Pilipinas (BSP) governor should be done to ensure that only a qualified individual would get the position, Finance Secretary Carlos Dominguez III said. 

More than 400 dignitaries, including President Duterte, celebrated last Feb. 21 the 50th anniversary of the Asian Development Bank (ADB) headquarters in Manila. 

Philippines (HCPH), a unit of a Prague-based company offering in-store financing for purchasing appliances and gadgets, plans to expand its nationwide footprint and product offerings to increase its customer base to one million milestone by the end of 2017.