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Anchor Land posts double-digit growth in net income

Property developer Anchor Land posted a 16 percent increase in its bottom line for the year 2019. The company reported its net income climbed to P814.27 million in 2019 from the P700.63 million recorded in 2018.  According to the company, the increase in its consolidated net income is attributed...

A new set of officers for PICPA

The Philippine Institute of Certified Public Accountants (PICPA) has a new set of officers. Mr. Lope L. Bato, Jr. has been inducted national president along with other officers by Cabinet Secretary Karlo Alexei Nograles in a virtual turn-over and induction ceremony with Senator Christopher “Bong” Go as guest of honor and President...

World Athletics freezes Russia panels because of unpaid fine

MONACO—The program allowing Russian track athletes to compete internationally will be frozen because the country’s federation failed to pay a fine on time, World Athletics said Thursday. The Russian track federation, known as RusAF, owes a $5-million fine and another $1.31 million in costs for...

Arrive at your destination with exciting July deals from Toyota

Wherever you need to go, trust that a durable and reliable Toyota can get you there. From July 2-31, 2020, Toyota Motor Philippines is offering value for money deals which will help you get moving with your dream Toyota. Flexible financing, outright cash discounts, and other offers are available this month on...

Think tank: BSP may cut key rates in H2

THE Bangko Sentral ng Pilipinas (BSP) is expected to cut key policy rates in the second half as the economy seeks further support toward recovery. First Metro Investment Corp. (FMIC) and University of Asia...

Bank warns public vs SIM-swap scam

BDO Unibank Inc. is warning the public of a new scam tricking the clients into giving out their SIM (subscriber identity module) card to fraudsters. In an advisory, the Sy-led bank said that fraudsters...

Financial firms ink accord to help in 2nd-tranche SAP disbursement

SEVERAL financial institutions signed a multilateral agreement to disburse the second tranche of cash assistance under the government’s social amelioration program (SAP). Union Bank of the Philippines, GCash, PayMaya, Rizal Commercial Banking Corp. (RCBC),...

Asia United Bank declares cash dividends

Asia United Bank (AUB) announced on Wednesday that it declared cash dividends worth P970 million to its stockholders. In a disclosure, the listed bank said each share will receive a P2 cash dividend.

RCBC unveils financial inclusion app

Rizal Commercial Banking Corp. (RCBC) said it is promoting financial inclusion and helping micro, small and medium enterprises (MSMEs) improve their operations amid the pandemic with the recent launch of a mobile application. The...

Security Bank closes offer period earlier

Security Bank Corp. is concluding the offer period of its P5-billion bond transaction earlier on the back of strong demand. In a disclosure on Tuesday, the listed bank said that the bond offer period...

Brave capital markets in crisis, banks advised

THE banks may tap the capital markets during this pandemic to improve their capitalization, the Bankers Association of the Philippines (BAP) said. Several banks have been braving the debt market recently to raise funds,...

J.P. Morgan sees more cuts in interest rates

The Bangko Sentral ng Pilipinas (BSP) may still not be done with the trimming of key interest rates this year, J.P. Morgan said. In its “Global Data Watch: Asia” report, the American investment bank...
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Anchor Land posts double-digit growth in net income

Property developer Anchor Land posted a 16 percent increase in its bottom line for the year 2019. The company reported its net income climbed to P814.27 million in 2019 from the P700.63 million recorded in 2018.  According to the company, the increase in its consolidated net income is attributed...

A new set of officers for PICPA

The Philippine Institute of Certified Public Accountants (PICPA) has a new set of officers. Mr. Lope L. Bato, Jr. has been inducted national president along with other officers by Cabinet Secretary Karlo Alexei Nograles in a virtual turn-over and induction ceremony with Senator Christopher “Bong” Go as guest of honor and President...

World Athletics freezes Russia panels because of unpaid fine

MONACO—The program allowing Russian track athletes to compete internationally will be frozen because the country’s federation failed to pay a fine on time, World Athletics said Thursday. The Russian track federation, known as RusAF, owes a $5-million fine and another $1.31 million in costs for...
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