Sunday, 20 April 2025, 11:18 am

    Jun Vallecera

    85 POSTS

    e-wallets far more widespread in Phl than credit cards

    The Philippines is well on its way to a cash-lite future as the number of Filipinos owning e-wallets like Maya and GCash far outnumber...

    Beginning July, MSME loans no longer count as reserve-eligible funds – BSP

    Loans the various banks have extended to large enterprises and the micro, small and medium enterprise (MSME) sector no longer count as reserve-eligible funds...

    Manila sovereign standing rated weak under latest S&P readings

    On a scale of 1 to 6, with 6 being weakest, the Philippine sovereign's institutional and economic standing is rated 4, according to the...

    IMF flags country’s corporate debt as among the most vulnerable in Asia

    The International Monetary Fund on Thursday flagged corporate debt in the Philippines as among the most vulnerable in Asia and urged the monetary authorities...

    Fewer long-duration foreign funds made Phl home in first two months

    Long-duration foreign funds more known as foreign direct investments (FDI) poured inward in February totaling $1 billion or 13 percent more than only $926...

    Just in

    Meralco rejects DOE claim vs its delayed power supply deal

    The Manila Electric Co. (Meralco), the country’s largest power distributor, pushed back against claims by the Department of Energy (DOE) that its delayed power supply agreement (PSA) is contributing to high electricity prices, calling the accusations “false and misleading.”

    Metro Retail’s 2024 profit dips despite sales growth, expansion push

    Metro Retail Stores Group Inc. (MRSGI), the Gaisano family’s retail arm, reported a slight 1 percent decline in net income to ₱609.42 million in 2024 from ₱618.02 million a year earlier, as rising sales were tempered by tighter margins and strategic shifts in business mix.

    DoubleDragon acquiring control of MerryMart in P1.28-B deal

    DoubleDragon Corp. is acquiring the 35 percent stake of Injap Investments Inc. in grocery chain operator MerryMart Consumer Corp. for P1.28 billion, marking a strategic move that aligns with its ongoing transformation into a diversified investment holding company.

    SEC-SM tandem launches videos vs scams

    The Securities and Exchange Commission (SEC), in partnership with BDO Foundation, has unveiled new investor protection materials aimed at safeguarding the public from financial investment scams.
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