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    New IFC regional chief calls for greater private investments in Asia-Pacific

    The International Finance Corp. (IFC), the private investment arm of the World Bank, has appointed Riccardo Puliti as its new Regional Vice President for Asia and the Pacific. 
    00:00:57

    Gov’t earmarks P151B for social protection programs

    The government has allotted more than P151 billion to sustain the major social protection service programs of the Department of Social Welfare and Development (DSWD).

    Bank lending expansion slows to 13.4% in December as high rates bite

    The growth in loans disbursed by big banks slowed to 13.4 percent in December from the revised 13.9 percent in November amid the series...
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    BSP forecasts inflation settling within 7.5-8.3% in January

    The Bangko Sentral ng Pilipinas (BSP) sees inflation remaining elevated between 7.5 and 8.3 percent this month, well above the two to four percent target, after hitting a 14-year high of 8.1 percent in December.

    Electronic fund transfers stood a shade under P10 trillion in 2022

    Electronic fund transfers via the PESONet and InstaPay nearly touched P10 trillion last year, jumping by 37.3 percent to hit P9.94 trillion from P7.24 trillion in 2021.

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    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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