Business News Archives - Page 12 of 14

GetPaid partners with UNO Digital Bank for greater financial inclusion

GetPaid partners with UNO Digital Bank for greater financial inclusion Uno customers will have access to GetPaid's earned wage access platform, allowing them to access a portion of their earned wages in real-time. Manila, Philippines - March 05, 2024 - This collaboration marks a significant step forward in redefining financial services and enhancing…

Chinabank nets P22 billion in 2023, up 15%

15.5% ROE and 1.6% ROA, still among the highest in the industry Sustained core business strength and stable asset quality with better-than-industry NPL ratio of 2.5% and NPL cover of 104%. Strong capital position with CET-1 ratio of 15.3% and CAR of 16.1%. Book value per share (BVS) grew 12% to P55.82. China…

ABOITIZPOWER PARTNERS WITH TOP ENERGY COMPANIES IN PH’S FIRST INTEGRATED LNG PLANT IN BATANGAS

The country’s first and most expansive integrated liquefied natural gas (LNG) facility Liquefied Natural Gas (LNG) is considered a transition fuel that complements existing renewable power sources like solar and wind power. Aboitiz Power Corporation (AP) has entered into a landmark partnership with San Miguel Global Power Holdings Corp. (SMGP) and Meralco PowerGen…

SMC opens NAIAx Tramo access ramp to improve traffic headed to airport

A 800-meter access ramp for motorists The Tramo access ramp provides another option for motorists heading to the airport, and other areas in Paranaque City and Cavite province. It can help relieve overall traffic congestion in the area, and improve traffic flow within the vicinity of the airport. San Miguel Corporation’s (SMC) infrastructure…

UnionBank Online System Maintenance

We’ll be working to make your digital banking experience better UnionBank Online App and Website will be temporarily unavailable from 8:00 PM of March 2, 2024 to 7:00AM of March 3, 2024 for a series of important system upgrades. This will entail a series of important system upgrades from 8:00 PM of March…

Metrobank books 29% increase in full-year net income in 2023

Record earnings of PHP42.2 billion, 28.9% higher year-on-year Metrobank solid performance in 2023 was strongly driven by their asset expansion, higher margins, improving efficiency levels and better asset quality. Metropolitan Bank & Trust Co. (Metrobank) posted record earnings of PHP42.2 billion, 28.9% higher year-on-year. This translated to a return on equity (ROE) of…

10 Stories You Need to See! – February 2024 PR Station Press Releases

A roundup of this month press releases from PR Station PR Station is recognized as the leading Press Release and News Release Distribution Service in the Philippines. We boast a network of over 1,000 registered companies and collaborate with a total of more than 1,000 Media Partners. Manila, Philippines - February 29, 2024…

ABOITIZ AND CCEP COMPLETE COCA-COLA BEVERAGES PHILIPPINES, INC. ACQUISITION

Build on AEV’s portfolio diversification into the branded consumer goods space Aboitiz Equity Ventures Inc. is well-positioned to support CCBPI’s growth ambition through the synergies which could be generated from AEV’s other business interests in the country. The acquisition would build on CCEP’s successful expansion into Australia, Pacific & Indonesia (API). Aboitiz Equity…

JOLLIBEE RANKS AS SECOND FASTEST-GROWING RESTAURANT BRAND IN THE WORLD

Expertise in Building Brands Jollibee’s 51% brand value growth is a testament to the Jollibee Group’s expertise in building brands that can be scaled across markets globally. MANILA, Philippines. 21 February 2024. – Jollibee has been recognized as the second fastest-growing restaurant brand in the world, according to the latest annual brand ranking report by…

Statement from SMC SAP and Company Consortium

The long-awaited rehabilitation of the Ninoy Aquino International Airport (NAIA) The SMC SAP and Co Consortium, composed of San Miguel Corporation, RMN Asian Logistics, RLW Aviation, and Incheon International Airport Corp., is honored to spearhead the long-awaited rehabilitation of the Ninoy Aquino International Airport (NAIA), as announced in today's press briefing. We are…