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First-half Meralco subsidiary performance helps power 26 percent income jump to P23.12 billion
Manila Electric Co. (Meralco) on Monday reported a 26 percent jump in first-half net income to P23.12 billion from only P18.35 billion in the same period last year.
“Sufficiently numbered TNVS ensures competition and quality delivery of service”
The Land Transportation Franchising and Regulatory Board (LTFRB) has accredited 14 new transport network companies (TNCs) in a bid to increase competition and improve the overall quality of ride-hailing services for commuters.
Banks keep 2Q loan rates steady
The outcome of the Q2 2024 Senior Bank Loan Officers’ Survey (SLOS) show most banks keeping their credit standards unchanged for loans to businesses and consumers based on the modal approach. But the diffusion index (DI) method indicated a net tightening of credit standards for business loans and unchanged lending standards for household loans.
Government budget deficit narrows in June to P209.1 billion
The National Government posted a narrower budget deficit in June—P209.1 billion compared with P225.4 billion a year ago—as revenue collection led by the Bureau of Internal Revenue and the Bureau of Customs increased faster than government expenditures.
POGO ban impact on Metro Manila office rentals limited–Colliers
The order by President Ferdinand Marcos Jr. banning all Philippine offshore gaming operations, or POGO, will impact the market for office space in Metro Manila but not as substantially as it would have had the prohibition been made prior to the COVID-19 pandemic, diversified professional services and investment management firm Colliers said.
