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CBS rises to second largest thrift bank in the country

Banking & Insurance Context.ph Context.ph -
CBS China Bank Savings has moved up two notches in the Bangko Sentral ng Pilipinas’ 2023 ranking of thrift banks in terms of total assets.  From top four in 2022, CBS is now the second largest thrift bank with P153.45 billion in resources as of 31 December 2023.

Treasury bill yields continue rise; one-year paper top 6% at Monday’s auction

Banking & Insurance Context.ph Context.ph -
Treasury bill yields were up at the auction Monday after the central bank last week kept overnight rates high on lingering concern over further inflation acceleration.

Megawide eyes P5 billion from planned bond offer

Corporate Context.ph Context.ph -
Megawide Construction Corp. said Monday its board has approved a bond offer that could raise as much as P5 billion for the listed construction firm.

Leasing, residential growth, one-off item boost DM Wenceslao earnings

Corporate Context.ph Context.ph -
Robust leasing, stable residential growth and one-time gain bolstered net income of D.M. Wenceslao and Associates Inc. three times to P7.3 billion last year from P2.1 billion in the previous year.

First Gen taps CNOOC Gas for delivery of 130,000 cubic meters of LNG 

Energy & Mining Context.ph Context.ph -
First Gen Corp., the power generation flagship of the Lopez Group, said Monday it awarded a contract to CNOOC Gas and Power Trading & Marketing Ltd. for the delivery of 130,000 cubic meters of liquefied natural gas after a recent tender.
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NFA cites funding gap in meeting 15-day rice buffer stock target

Agriculture 0
The National Food Authority (NFA) is struggling to meet the government’s 15-day rice buffer stock requirement as stagnant funding, limited storage and inadequate logistics constrain its ability to buy more palay from Filipino farmers.

Healthcare gaps threaten PH tourism growth, Ayala exec warns

Education, Health & Science 0
The Philippines’ tourism ambitions face a major hurdle as inadequate healthcare in popular destinations and high operating costs discourage investment in medical facilities.

ADB offers $500M emergency funding as El Niño risks loom

Agriculture 0
The Asian Development Bank (ADB) is ready to provide the Philippines with up to USD500 million in emergency financing to help address disasters, including the potential impact of a severe El Niño episode, although the government has yet to request additional assistance.

PITX plans smart transport hub network as terminal nears capacity

Mobility 0
From a once-contested solution to Metro Manila’s provincial bus congestion, PITX is positioning itself for a bigger role in the country’s transport system as passenger traffic approaches its design capacity.
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