by ev3v4hn | Aug 15, 2020 | Business News
The World Bank will approve financing for another $1.9 billion in projects in the Philippines before yearend to help the economy recover from the COVID-19-induced recession, the Department of Finance (DOF) said on Friday. Specifically, the World Bank said in a recent letter to Finance Secretary Carlos G. Dominguez III that the Washington-based multilateral lender […]
by ev3v4hn | Aug 14, 2020 | Business News
Security Bank Corp. remained profitable through the first semester, despite the unfolding health crisis and significantly higher provisioning for potential business losses. Security Bank said in a stock exchange filing on Thursday that net income from January to June...
by ev3v4hn | Aug 1, 2020 | Business News
SM group-led China Banking Corp. grew its second quarter net profit by 27 percent year-on-year to P3 billion, bucking the downturn seen by other banking peers amid constraints arising from the coronavirus pandemic. This brought six-month net profit to P5.2 billion, up...
by ev3v4hn | Jul 25, 2020 | Business News
The World Bank will extend three more loans worth about $1 billion to the Philippines by September to help in COVID-19 response and recovery efforts, the Department of Finance (DOF) said on Friday. In a statement, the DOF said the concessional financing extended by...
by ev3v4hn | Jul 25, 2020 | Business News
Lender Security Bank has raised P13.5 billion from an issuance of two-year bonds, which were warmly received by the cash-awash local financial market. The offering was upsized from the base offer of P5 billion as the bank took advantage of strong investor demand. This...
