Banking & Finance

 

30 October 2020

  • DBP disburses nearly P12-billion loans for tourism industry
    The Development Bank of the Philippines (DBP) disbursed over P11.98 billion in credit assistance for the tourism sector during the first half. The state-owned bank said in a statement on Thursday that the borrowings helped around 178 tourism-related companies across the country. DBP explained that the loan assistance is lodged under two programs, which include […]
  • BDO unit reverses 2019 loss as 9-month income rises
    The subsidiary of BDO Unibank Inc. reversed its P39-million net loss last year, days after the biggest bank in the country suffered a 48-percent profit decline in the first nine months of the year. In a disclosure last Thursday, BDO Leasing and Finance Inc. (BDOLF) said it ended the first nine months of 2020 in […]
  • Core businesses support China Bank 9-month income
    China Banking Corp. saw its net income climb by 23 percent in the first nine months as it sustained the growth of core businesses. In a disclosure on Thursday, the Sy-led bank said it posted P8.2-billion net income from January to September, translating to a return of equity of 11.15 percent. For the third quarter […]
  • A sense of epiphany
    I was pleasantly struck by the phrase “a sense of epiphany” that Belinda Moore used during her webinar on “Reshaping Associations: The Impact of the Pandemic on Membership Models” for my organization, the Philippine Council of Associations and Association Executives (Pcaae). As a Christian, I know of epiphany as Three Kings’ Day or the Feast […]
  • LandBank helps Bohol town accelerate development
    PRESIDENT Carlos P. Garcia, Bohol—Before becoming an emerging municipality, Boholanos often describe this island town as a gloomy ghost town with houses lit only by makeshift gas lamps and fishers sailing the dark sea as the only traces of human activity at night. As the only town separated from mainland Bohol, commerce in the municipality […]

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