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By The Financial District
Apr 27, 20242 min read
DBM Says Gov't Can Tap PHP15-B Disaster Relief Fund To Combat El Niño
The national government could tap the remaining PHP15.507 billion under the National Disaster Risk Reduction and Management Fund (NDRRMF)...
By The Financial District
Apr 25, 20241 min read
Dalio’s Risk-Parity Trade Loses Allure Among Investors
It was an irresistible pitch. Give us your money, executives at Ray Dalio’s Bridgewater Associates and other hedge funds said, and we’ll...
By The Financial District
Apr 25, 20241 min read
UBS Gets Backing For Capital Plan From Norway Wealth Fund
Norway's sovereign wealth fund has supported UBS' plan to enhance the attractiveness of its Additional Tier 1 (AT1) bonds, a form of debt...
By The Financial District
Apr 24, 20241 min read
Biden Marks Earth Day With $7-B In Solar Power Grants
President Joe Biden is marking Earth Day by announcing $7 billion in federal grants for residential solar projects serving 900,000-plus...
By The Financial District
Apr 23, 20243 min read
Pomelo Boost’s Credit-Building Remittance Services
Pomelo, the first consumer fintech platform that combines international money movement with consumer credit, has announced a major...
By The Financial District
Apr 23, 20241 min read
Multilateral Development Banks Eye Lending $400 Billion
The Inter-American Development Bank (IADB) announced that leaders of 10 multilateral development banks have committed to taking action in...
By The Financial District
Apr 23, 20241 min read
Amex Surpasses Profit Estimate As Spending Rises
American Express exceeded expectations for first-quarter profit due to robust spending by affluent consumers.
By The Financial District
Apr 23, 20242 min read
BDO Nets PHP73.4 Billion Income In 2023
BDO Unibank, Inc., a full-service universal bank, achieved a net income of PHP73.4 billion in 2023, marking a significant surge from...
By The Financial District
Apr 21, 20242 min read
EastWest Bank Posts 32%-Surged Net Income of PHP6.1 Billion in 2023
EastWest Bank (EW) of the Gotianuns achieved another milestone as it closed 2023 with a net income of PHP 6.1 billion, marking a 32...
By The Financial District
Apr 18, 20242 min read
Finmo Redefines Payment Landscape With Real-Time Integration In Australia And Global Team Expansion
Finmo, a Singapore-headquartered global payments leader, has unveiled its groundbreaking Direct Real-Time Payment (RTP) Integration system..
By The Financial District
Apr 17, 20241 min read
BlackRock Assets Hit Record $10.5 Trillion As Markets Surge
Assets at BlackRock hit a record $10.5 trillion in the first quarter, and the firm posted a 36% jump in profit as rising global equity...
By The Financial District
Apr 17, 20241 min read
JPMorgan Reports 6% Rise In Q1 Profits
JPMorgan Chase reported a modest 6% rise in first-quarter profits as major banks start reporting their quarterly results.
By The Financial District
Apr 17, 20241 min read
Tax Day Reveals Trump, Biden Differences On Tax Policy
Tax Day shed light on the divergent approaches to tax policy between Joe Biden and Donald Trump.
By The Financial District
Apr 16, 20242 min read
PhilHealth Accredits MMDA Medical Clinic As Konsulta Package Provider
The Philippine Health Insurance Corporation (PhilHealth) has accredited the medical clinic of the Metropolitan Manila Development...
By The Financial District
Apr 15, 20241 min read
Thai Prime Minister Announces $13.7 Billion Stimulus Package
Thailand's Prime Minister Srettha Thavisin has disclosed details of a government plan aimed at invigorating the economy through digital...
By The Financial District
Apr 13, 20242 min read
Empower Expands Global Reach With Strategic Acquisitions
Empower Finance, Inc., a pioneering force in alternative credit underwriting based, has set its sights on revolutionizing the lending...
By The Financial District
Apr 11, 20241 min read
Bank Files Suit To Liquidate China’s Property Developer Shimao
Shanghai-based property giant Shimao Group said that it had received a liquidation petition from a Chinese state-owned bank in yet another..
By Reggie Vizmanos
Apr 11, 20241 min read
ADB Commits $14 Billion To Combat Global Food Insecurity
The Asian Development Bank (ADB) reaffirmed its commitment to deliver $14 billion by 2025 to combat food insecurity in Asia and the...
By The Financial District
Apr 9, 20242 min read
PH GIR Level $104 Billion
The Philippines' gross international reserves (GIR) have reached $104.0 billion as of the end of March 2024, marking an increase from the...
By Reggie Vizmanos
Apr 9, 20241 min read
Renewable Energy Trust Fund Projects Launched
The Department of Science and Technology (DOST) and the Department of Energy (DOE) have joined forces to implement Renewable Energy Trust...
By The Financial District
Apr 7, 20241 min read
Government Allocates PHP362.56 Million In Financial Aid To Farmers
The government extends PHP362.56 million in financial assistance to farmers through the Rice Farmers Financial Assistance (RFFA) program.
By The Financial District
Apr 5, 20242 min read
PSE Index Down Another Milestone Level
he Philippine Stock Exchange (PSE) index retreated today by another significant level to 6,745.46 points, declining by a hefty 81.60...
By The Financial District
Apr 4, 20241 min read
U.S. And Cyprus Formalize Deal Against Money Laundering And Evasion Of Russian Sanctions
The US and Cyprus have announced that they’re formalizing their collaboration in fighting money laundering, sanctions evasion, and other...
By The Financial District
Apr 3, 20242 min read
Hang Seng Bank Launches HKD 33 Billion SME Power Up Fund
Hang Seng Bank recently unveiled the HKD 33 Billion SME Power Up Fund in hopes of fortifying the backbone of Hong Kong's economy.
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