Lower fee-based income, higher provisions weigh down Security Bank earnings in 2023
Security Bank Corp., the 10th largest lender in the Philippines, said Thursday its income declined to P9.1 billion last year from P10.6 billion in 2022, with gains from interest earnings offset by a sharp increase in provisions for credit and impairment losses and decline in fee-based and other income.
D&L Industries 2023 earnings weighed down by expenses related to new factory in Batangas
D&L Industries Inc., a listed manufacturing company, said Thursday net income last year dropped 31 percent to P2.3 billion as interest and depreciation expenses related to its new Batangas factory soared.
GCash links up with Korea’s E9Pay
GCash, touted as the country's number one finance app and largest cashless ecosystem, has partnered with E9Pay, South Korea's leading cross-border money transfer platform, to simplify the remittance transactions of Filipinos in Korea back to their families in the Philippines.
The road to Tech City takes inspiration from Silicon Valley
The big man at Converge ICT Solutions Inc. has tapped consultants and technical advisers to begin building a Tech City in Pampanga intended as hub for innovation and nurture the next generation of tech giants inspired by the famed Silicon Valley in the United States.
Soon completed Upper Wawa Dam capacity to enhance water security in Greater Metro Manila
The Upper Wawa Dam, an infrastructure flagship project of the national government, presents a promising solution to address critical water security challenges facing the...
