The National Economic and Development Authority (Neda) Board chaired by the President has given its go-ahead to modernize and automate processes at the Bureau of Customs (BOC). ; Socioeconomic Planning Undersecretary Jonathan L. Uy said the Neda Board’s approval of the P5.4-billion Philippine Customs Modernization Project was secured last May 13. ; Customs Commissioner Rey Leonardo B. Guerrero told the Inquirer that the BOC was “hoping to have the project started soon,” although they were still awaiting approval of the World Bank loan.
Celsius Network logo and representations of cryptocurrencies are seen in this illustration taken, June 13, 2022. REUTERS/Dado Ruvic/Illustration/File photo
World Business Lenders, LLC | LinkedIn 팔로워 19,117명 | Small Business Loans for Big Business Growth. | At World Business Lenders (WBL) Our motto, 'We Lend. You Grow' is simple, yet powerful. We make...
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. ...
The embattled MFT Group led by CEO Maria Francesca “Mica” Tan is not about to throw in the towel even with the cease-and-desist order slapped against it. This as lawyer Rey Villegas, a private creditor of the MFT Group’s The Foundry, has urged the Securities and Exchange Commission (SEC) to lift the order against the companies, saying that “honoring their loan obligations has been the foundation of the long-standing private transactions by the shareholders with their creditors.” ...
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 ...
Alternative business lenders and loan types can provide funding for small, new businesses that might not qualify for bank loans.
This is because your credit score doesn’t matter as much as the overall financial health of your business. Many lenders require a minimum credit score of 500, at least six months in...
Banks, credit unions and online lenders offer business loans. This guide helps you evaluate your options to determine which is best.
A surge in domestic fund-raising offset the decline in foreign financing during the first seven months, jacking up the national government’s gross borrowings by more than a fifth to P2.27 trillion. ; The latest Bureau of the Treasury data showed that the gross amount borrowed from January to July jumped 22 percent from P1.86 trillion a year ago, in part to bankroll pandemic response programs. ; End-July gross domestic borrowings climbed to P1.83 trillion from P1.38 trillion during the first seven months of last year. ; As of July, locally sourced financing included P779.86 billion in fixed-rate treasury bonds, P463.32 billion in retail treasury bonds (RTBs), a net of P45.09 billion in short-dated treasury bills, plus the P540-billion zero-interest, short-term borrowing from the Bangko Sentral ng Pilipinas.