Makati councilors reject proposals to hike property taxes
Councilors allied with the majority bloc of the Sangguniang Panlungsod of Makati on Monday declared firm opposition to any attempt by Mayor Nancy Binay to raise Real Property Taxes (RPT), affirming their commitment to retain the 20% reduction approved last year.
AUB hits record P6.1B 1H net profit
Asia United Bank Corp. (AUB), the Philippines’ 12th largest lender, posted a record P6.1 billion net income for the first half, up 17 percent from P5.2 billion a year ago, nearly matching its full-year 2022 profit of P6.3 billion.
BDO raises P115B ASEAN Sustainability Bond offer
BDO Unibank Inc., the country’s largest lender by assets, said Tuesday it P115 billion through its fourth Peso-denominated ASEAN Sustainability Bond issuance, exceeding expectations with a subscription level 23 times higher than its initial P5 billion offering.
I-Remit narrows Q1 loss amid revenue collapse
i-Remit Inc., a listed fund transfer and remittance company servicing migrant Filipino workers, posted a net loss of P60.1 million in the first quarter, narrower than P104.5 million loss in the year-earlier period.
SEC revokes rogue lender license over abusive collection tactics
The Securities and Exchange Commission (SEC) has intensified its enforcement against illegal lending practices, revoking the corporate registration and secondary license of Convenience Cash Lending Corp. for employing abusive debt collection methods, in a move that underscores its commitment to consumer protection.
