November, 2024

• 4 November

  Lynk & Co celebrates with 1.24M users

  

  Lynk & Co celebrated its 8th anniversary by achieving noteworthy results and gained the support and love of more than 1.24 million users worldwide to become a unique brand with global character, motorsport pedigree, and social attributes that dare to change the automotive industry. The brand was launched in 2016 in Berlin, Germany. As a joint venture co-founded by Geely …

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• 4 November

  Reuters honors Lotus Technology

  

  Lotus Technology Inc., a leading global intelligent and luxury mobility provider, has been bestowed with the Highly Commends honor at the Reuters Sustainability Awards 2024 in the Business Transformation category. It beats 700 global entrants this year — 30 winners were selected across 17 categories — with Lotus Tech as the sole winner from the automotive industry. The Reuters Sustainability …

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• 4 November

  PAGCOR posts 42% revenue growth for Q3

  

  The Philippine Amusement and Gaming Corporation (PAGCOR) achieved a revenue surge in the first nine months of the year, reaching P79.43 billion, a 42% increase from last year’s P55.95 billion. PAGCOR Chairman and CEO Alejandro Tengco attributed this growth largely to the electronic games sector. “The electronic games sector alone contributed P28.22 billion or 35.52 percent to the gaming revenue …

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• 4 November

  DTI Task Force Kalasag confiscates P300-M worth of substandard goods as of Oct. 2024

  

  Since its establishment in April, the Department of Trade and Industry’s (DTI) Task Force Kalasag (TFK) has seized 872,652 units of substandard goods valued at P297.9 million. The seized products were deemed substandard due to missing markings required by the Bureau of Philippine Standards (BPS) and insufficient product information. Confiscated items included household appliances, ceramic tiles, sanitary wares, steel wires, …

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• 4 November

  Phl records over $1-B in net FDI Inflows for September

  

  Foreign direct investment (FDI) net inflows to the Philippines totaled USD1.03 billion in September, according to data released by the Bangko Sentral ng Pilipinas (BSP) on Thursday. The September net inflows surged by over 92 percent, or USD491.82 million higher from the previous month, up from August’s USD533.95 million. “The US$1,025.77 million net inflows for September 2024 are a reversal …

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• 4 November

  Oil prices rise amid concerns of potential Iran-Israel conflict

  

  Oil prices continued to climb on Friday following news reports that Iran is preparing to strike Israel in a few days. The international oil benchmark of Brent crude increased by 0.55 percent to USD74.43 per barrel at 11.09 a.m. local time (0809 GMT), up from the previous session’s close of USD74.02. The US benchmark West Texas Intermediate also rose by …

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• 4 November

  PNB nets over P15-B for first 9 months of 2024

  

  The Philippine National Bank (PSE: PNB) posted a consolidated net income of P15.1 billion for the first nine months of 2024, 12 percent higher compared to its earnings for the same period last year at the back of robust growth in net interest income. Comprising 83 percent of total operating income, the Bank’s net interest income increased by 10 percent …

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• 4 November

  BDO revenue up 12% to P60.6-B in 9M 2024

  

  BDO Unibank, Inc.’s (BDO) net profit grew 12% year-on-year (YoY) to P60.6 billion in the first nine months of 2024, driven by the sustained contribution of its core intermediation and fee-based service businesses. Annualized Return on Common Equity (ROCE) stood at 15% in the 9M 2024 period. Gross Customer Loans increased 13% YoY on broad-based growth across all market segments, …

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• 4 November

  Metrobank bags Gold Stevies for ‘Grow with Metrobank’ campaign

  

  Metropolitan Bank & Trust Co. (Metrobank) was recognized with a Gold Stevies at the recently held 2024 International Business Awards for its ‘Grow With Metrobank’ campaign, which tell the stories of growth from customers’ and Metrobankers’ perspective. The campaign had two parts: first is a customer story video, which is based on how the Bank has helped clients in their …

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• 4 November

  LANDBANK offers support for calamity-hit sectors

  

  Land Bank of the Philippines (LANDBANK) has announced the availability of immediate financial assistance to businesses and individuals affected by Typhoon Kristine, reinforcing its commitment to helping rebuild communities and restore economic activity in hardly hit areas. Under the LANDBANK CARES Plus (Community Assistance and REintegration Support Plus) Lending Program, various sectors—including farmers, fishers, cooperatives, micro, small, and medium enterprises …

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