Xurpas Inc., a Philippine-listed technology company that specializes in making digital products and services for mobile-end users, said its board on Friday approved the establishment of a wholly owned subsidiary that will market its products and services in Australia.
The various banks accelerated their lending activity in August, driven by a steady demand for credit from key business sectors. Big banks expanded their loan portfolios by 11 percent year-on-year, picking up speed from the 10.4 percent growth recorded in July.