Bank lending grew in June but was relatively flat from the previous month as high interest rates tempered demand for consumer and business loans.
MANILA -The government is being urged to regulate the container deposit system of international shipping lines, with stakeholders noting these private companies take time to return the collected fees. ; Danny Sta. Maria, an independent customs broker and an industry veteran of 50 years, urged lawmakers to craft laws regulating the practice and compel these companies to speed up the refund process. ; International shipping lines collect these as insurance for lost or damaged containers. Deposits range from P15,000 to P20,000 per unit, depending on the size. ; “In my case, my deposits have been stagnant on their hands for four staggering months,” Sta. Maria said, noting this messes up their cash flows.
MANILA -Union Bank of the Philippines registered a weaker bottom line in the January-September period despite stronger revenues as expenses ballooned following the acquisition of Citi’s consumer business and rollout of its digital-only banking arm. On Tuesday, the Aboitiz-led bank announced its net income amounted to P8.1 billion in the first three quarters, lower by 19 percent than the P10.09 billion it booked in the same period last year. Net revenues climbed by 48 percent to P52.8 billion during the period as net interest income grew by 34 ...
Small business loans can help you finance projects, purchase equipment and get working capital when you don't have enough cash flow. Here are 9 types of loans.
For a fourth consecutive year, Rizal Commercial Banking Corporation (RCBC) was named once again the Philippines’ Best Bank for Digital Solutions by Asiamoney for 2023, solidifying its position as the undisputed digital banking trailblazer in the country. RCBC is recognized for its roster of Innovations with Empathy, an array of digital solutions which champions massive digital transformation and supports the financial inclusion efforts of the government, all whilst cultivating a culture of customer service excellence. ...
MANILA, Philippines —The Ty family-led Metropolitan Bank & Trust Co. (Metrobank) will pay record dividends of P22.5 billion to stockholders after achieving historic high earnings the past year. Metrobank, the country’s second-largest private bank, reported a significant boost in its net income for 2023, reaching P42.2 billion, which marks a 28.9-percent increase over 2022, a stock exchange filing on Thursday showed. This translated to a return on equity of 12.5 percent, higher than the 10.3 percent recorded in the previous year. ...
With Amex's small business cash flow dashboard, view payment, checking, and business financing products, plus track your business' cash flow all from one place.
MANILA -ABS-CBN Corp., which has been working on regaining its footing after the renewal of its free TV franchise was rejected about three years ago, is ready to collaborate with more media platforms to air its content as it seeks to reach more viewers. During the company’s annual stockholders’ meeting Thursday, Carlo Katigbak, president and CEO of the Lopez-led company, said they were hoping to boost “viewership to far larger base.” · “We’re willing to work with any partner who is willing to bring our programs to their audiences, ...
We welcome the government’s P200-billion cash aid program to help 18 million low-income... The Inquirer Foundation supports our healthcare frontliners and is still accepting cash...
Unsecured Term Loan Our Unsecured Term Loans give business owners the quick access to cash they are looking for. Whether it's for payroll, property acquisition, marketing, and growth.