Maybank Philippines, Incorporated officially started its Islamic banking operations on August 14, 2024, after receiving the grant of authority from the Bangko Sentral ng Pilipinas (BSP) on July 4 2024. This is the second Islamic banking unit (IBU) licensed by the BSP. The first was CARD Bank, Inc. (A Microfinance-Oriented Rural Bank) in June 2023. Under BSP regulations, an IBU …
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The Bureau of Customs (BOC) on Friday reported that it has exceeded its revenue collection target for January to August 2024 by P5.189 billion. Preliminary reports showed the bureau collected P614.781 billion during this period, surpassing its PHP609.592 billion collection target by 0.9 percent. This also reflects a 5.7 percent increase, or P33.290 billion, compared to the P581.491 billion collected …
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Australian Ambassador to the Philippines HK Yu announced Friday that the Australian government is finalizing an AUD45 million (P1.7 billion) Economic Growth Development Program for the Philippines. During a forum for the Australian Business Mission to the Philippines in Makati City, Yu said the aid aims to boost trade and investment relations between the two countries. In a press conference, …
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Finance Secretary Ralph G. Recto has emphasized that the slower inflation rate in August 2024 demonstrates the effectiveness of the government’s targeted interventions to stabilize food prices, and assured the public that it will sustain the downward momentum by staying vigilant against risks. “We will not be complacent. While we are now seeing the positive results of our measures, we …
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This September, three prime events in Cebu City—also known as the Queen City of the South—will bring innovation, recreation, and business together in a unique way. The Philippine Building and Construction Expo (PHILBEX Cebu), the Cebu Foods and Beverages Exposition (CEFBEX),), and the Cebu Auto Show (CAS) are set to provide an unmatched exhibition of culinary artistry, automotive innovations, and …
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Contecon Guayaquil S.A. (CGSA), International Container Terminal Services, Inc.’s (ICTSI) Ecuadorian business unit, has forged a significant partnership with COSCO Shipping Specialized Carriers to handle the latter’s general cargo ships at the Port of Guayaquil for the next three years. The partnership is in line with CGSA’s objectives to expand its client base, set the regional standard for service, and consolidate …
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Manila, Philippines – September 3, 2024 – In a landmark achievement for Filipino hospitality, Megaworld Hotels & Resorts (MHR) has been awarded the prestigious title of the Philippines’ Leading Hotel Group by the World Travel Awards (WTA). This accolade marks a significant milestone for MHR, a rapidly growing homegrown hotel chain renowned for its heartfelt service and dedication to showcasing …
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ROBINSONS LAND CLINCHES BEST DEVELOPER TITLE FOR THIRD STRAIGHT YEAR AS DIVERSE PROJECTS FROM LEADING COMPANIES GAIN TOP HONOURS MANILA, Philippines — PropertyGuru Group (NYSE:PGRU), Southeast Asia’s leading property technology company, today honoured the Philippines’ top real estate achievements at the 12th Annual PropertyGuru Philippines Property Awards, presented by Kohler and supported by Boysen Paints and Dongpeng Ceramic. Developers from …
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If financial independence is at the top of your priorities, make this investment-linked insurance your first choice! To help bridge the priority and protection gap in the country, FWD Life Insurance (FWD Philippines) introduces SmartStart Investment-linked Insurance—the insurance plan for everyone. According to a comprehensive online study conducted by FWD Philippines, the majority of Gen Zs (85%) agree that owning …
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Land Bank of the Philippines (LANDBANK) has approved a P5-billion loan to Prime Infrastructure Capital, Inc. (Prime Infra) to bolster its sustainability projects, marking the first partnership between the two institutions. The P5 billion loan facility will be utilized to partially finance working capital requirements of Prime Infra’s pipeline projects across its core sectors — water, sustainable energy, and waste …
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The Market Monitor Minding the Nation's Business