Tag: bworldonline
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House OK’s rice tariffication law amendments on 2nd reading
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THE HOUSE of Representatives on Tuesday approved on second reading a bill that seeks to allow the National Food Authority (NFA) to sell rice at subsidized prices during emergencies including shortages.
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PHL banks’ exposure to the real estate sector eases to 20%
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THE EXPOSURE of Philippine banks and trust entities to the property sector eased to 20.17% as of end-December last year, from 20.55% at end-September 2023, data from the Bangko Sentral ng Pilipinas (BSP) showed. Preliminary BSP data also showed this was lower than the 20.98% ratio at the end of…
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Meralco rates up in May
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RESIDENTIAL CUSTOMERS in areas served by Manila Electric Co. (Meralco) will see higher electricity bills this month due to the increase in generation charge.
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Banking, tobacco units lift LT Group’s profit to P6.42 billion in first quarter
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LUCIO C. Tan’s LT Group, Inc. reported a 1% increase in its first-quarter attributable net income to P6.42 billion, driven by its banking and tobacco units. Philippine National Bank (PNB) took up 46% or P2.97 billion of the total first-quarter income, while the tobacco business shared 41% or P2.65 billion, LT Group said…
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Ayala Corp. Q1 income hits P13B, driven by banking, property gains
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AYALA Corp. (AC) on Tuesday reported a 28% increase in its first-quarter (q1) attributable net income to P13.07 billion, driven by strong performances in its banking and property segments. First-quarter core net income, which excludes one-off items, improved by 26% to P11.8 billion, AC said in a statement to the…
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BSP seen to start easing in 3rd quarter
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THE BANGKO SENTRAL ng Pilipinas (BSP) could begin easing policy as early as the third quarter if inflation continues to stabilize, analysts said.
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DoF eyes Green Climate Fund for four projects
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THE PHILIPPINES is looking to tap the Green Climate Fund (GCF) for $124 million worth of projects, the Department of Finance (DoF) said. In a statement, the agency said the Philippines receives funding from the GCF for projects and grants worth $139.9 million. “Meanwhile, four priority project proposals are in…
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OceanaGold Philippines drops 6% on market debut
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OCEANAGOLD Philippines, Inc. (OGP) made a dismal stock market debut on Monday, as its stock price closed 6% lower than its initial public offering (IPO) price.
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PHL needs to grow over 6% in next three quarters to hit target
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THE PHILIPPINE ECONOMY should expand by more than 6% in the next three quarters to meet the government’s growth target this year, analysts said.
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GomBurZa leads Gawad Urian with 12 nominations
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PEPE Diokno’s historical drama GomBurZa got the most nods — 12 — as the Manunuri ng Pelikulang Pilipino released the list of nominations for the 47th Gawad Urian on May 10. The film was nominated in almost all the categories: Best Picture and Best Director, Best Actor (Cedrick Juan), Supporting…