Business

The disbursement of Official Development Assistance (ODA), or low-cost bilateral funds for government projects and programs, tripled in the fourth quarter of last year compared to the same period the year before, National Economic and Development Authority (Neda) figures showed.

Riza Lozada The local credit card industry, which has been growing an average of five percent a year for the past 35 years, is aggressively pushing for implementation of the centralized credit information database as well as the national identification system to realize bigger growth rates.

Jerry Maglunog There is a clamor among officials of the Bangko Sentral ng Pilipinas (BSP) that they get immunity from suit during the painful process of putting a distressed bank under the receivership of the Philippine Deposit Insurance Corp. (PDIC).

Riza Lozada Financial literacy will have to be inculcated in the minds of Filipinos to achieve a secured future, Sen. Sonny Angara said.

Bloomberry Resorts Corp. (BRC), owner and operator (through its subsidiaries) of the Solaire Resort and Casino, reported P4.072 billion in net profit last year to reverse a P1.315 billion loss a year ago.

Asian businesses will be challenged this year as a result of the impact of the worsening political situation in some European countries and China’s weakening economy, the outcome of the annual outlook and risk conference of a credit insurance firm indicated.

Jerry Maglunog Seventy percent of all ATMs (automated teller machines) in the country or over 7,000 ATMs are magnets for skimmers who victimize unsuspecting depositors of their cash via unauthorized withdrawals from their accounts. The reason: most of the ATMs are not equipped with pin pad shield, the most basic element to prevent skimmers from taking advantage of the ATM …

Brussels—The European Union committed 2 billion euros ($2.15 billion) to help Athens deal with what even EU leaders now call the “humanitarian crisis” hitting Greeks in the wake of the financial crisis that left the nation on the brink of bankruptcy.

The Philippine Stock Exchange (PSE) reported its 2014 net income grew by 2.7 percent to P867.55 million from P844.77 million a year ago.

A bigger proportion of the population or about one in every four Filipinos were considered poor in the first half of 2014 due to government restrictions on rice imports and the lingering effects of a killer typhoon, state data released last Friday showed.