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Philippines
Thursday, April 25, 2024

Banking & Finance

March budget deficit fell as revenues grew over 11%

The national government’s budget deficit narrowed to P195.9 billion in March 2024 from P210.3 billion a year ago, as revenue grew 11.32 percent year-on-year, the Bureau of the Treasury said Wednesday. The BTr said this improvement stemmed from strong revenue collection, compared to a modest 3.18-percent rise in spending. Government revenue collection increased to P287.9 billion in March 2024, despite a 0.23 percent decline in tax revenues. The decrease was attributed...

3 new officials named to complete DOF’s leadership

President Ferdinand Marcos Jr. appointed three undersecretaries including a chief economist to...

Asialink, Creador sign P4-b investment agreement to boost SME lending in PH

Asialink Finance Corp. and Creador, a Southeast Asian private equity firm, signed...

Pomelo announces $35-m Series A funding

Pomelo, the first consumer fintech to enable international money movement with consumer...

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OceanaGold remits additional P1b to gov’t

OceanaGold (Philippines) Inc. (OGPI), operator of the Didipio Gold-Copper Mine, on Tuesday announced the remittance of additional P1.1-billion share to the Philippine government, making...

BPI: Economy in ‘great shape’ despite risks

Bank of the Philippine Islands (BPI) of the Ayala Group is optimistic about its 2024 performance despite the “higher-for-longer-longer” interest-rate environment amid the sustained...

LandBank helps co-op expand services for uniformed personnel

Land Bank of the Philippines said Tuesday it extended financial support to the ACDI Multipurpose Cooperative (MPC) to boost the co-op’s working capital catering...

BDO Life introduces online customer portal

BDO Life, a fully-owned subsidiary of BDO Unibank,said its clients can now access their life insurance policy using the BDO Life Customer Portal, where...

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