Business Archives - Page 9 of 11 - SPEEDPOST NEWS PUBLISHING

World Bank OKs policy loan for climate resilience

SPEEDPOST2 years ago2 years ago05 mins

The World Bank has recently approved a US$750 million development policy loan (DPL) for the Philippines to help boost its environmental protection and climate resilience. In a statement, the World Bank said the Philippines’ First Sustainable Recovery Development Policy Loan supports ongoing reforms to attract private investment in renewable energy; enhance plastic waste management through reduction, recovery, and recycling; promote green transport,…

ADB stands ready to help PH in clean energy transition

SPEEDPOST2 years ago2 years ago04 mins

The Asian Development Bank (ADB) remains committed to assist the Philippines in rolling out initiatives for clean energy transition. At the sidelines of the Asia Clean Energy Forum (ACEF) 2023 at the ADB headquarters Wednesday, ADB Principal Energy Specialist David Elzinga said the institution is currently doing a feasibility study for the Philippines under the…

Business

RCEP utilization crucial to hit $241-B 2028 exports target

SPEEDPOST2 years ago2 years ago04 mins

The Department of Trade and Industry (DTI) has highlighted the crucial role the Regional Comprehensive Economic Partnership (RCEP) plays to hit the Marcos administration’s export targets this year. Recently, the Export Development Council (EDC) launched the Philippine Export Development Plan (PEDP) 2023-2028, which aims to nearly double the country’s export revenues over the next five years. “RCEP utilization is…

Landbank welcomes Fitch Ratings’ outlook upgrade for it

SPEEDPOST2 years ago2 years ago03 mins

Landbank of the Philippines (Landbank) president and chief executive officer Lynette Ortiz has welcomed Fitch Rating Inc.’s improved outlook on Land Bank which she referred to as “ä vote of confidence for the bank’s robust financial stability and resilience to withstand external and domestic economic headwinds.” Credit ratings agency Fitch Ratings, Inc., in a report released on May…

Business leaders hail anti-inflation efforts by gov’t

SPEEDPOST2 years ago2 years ago05 mins

Leaders of the country’s three most influential business groups have recognized inroads made by the government in easing price pressures. Their sighs of relief came when the Bangko Sentral ng Pilipinas (BSP) reported that headline inflation decelerated further to 6.1 percent year-on-year in May from 6.6% in April. Francis Chua, chair emeritus of the Philippine Chamber…

beep™ powers QR payment in LRT1, enhancing commuting experience

SPEEDPOST2 years ago2 years ago06 mins

AF Payments, Inc., the operator of the beep card, is pleased to announce the successful launch of Maya’s and Light Rail Manila Corporation’s (LRMC) QR payment system in LRT1. This new and convenient payment option—which is enabled by beep’s technology—was warmly received by the train commuters, who can now effortlessly purchase QR codes through their smart phones.

The Great BDO Travel Sale returns bigger and better than ever

SPEEDPOST2 years ago2 years ago04 mins

The highly anticipated travel sale event of BDO, The Great BDO Travel Sale will be returning to SMX Convention Center Aura, SM Aura Premier on June 2 to 4, 2023 with an extensive line-up of travel partners to choose from.

Tax reforms enable government to collects over P200B

SPEEDPOST2 years ago2 years ago04 mins

Department of Finance Secretary Benjamin Diokno The implementation of the Comprehensive Tax Reform Program (CTRP) has generated P202.8 billion additional revenues in 2022 for the government, 26.3 percent higher than the P160.5 billion in 2021. In a statement over the weekend, the DOF said the total collection last year was higher by 26.3 percent from PHP160.5 billion revenue…

BDO combines strengths of physical and digital banking for Filipinos to bank and pay their way

SPEEDPOST2 years ago2 years ago07 mins

Digitalization has resulted to significant changes in various industries, allowing businesses to operate more efficiently and interact with customers with greater responsiveness. Banks, in particular, have been able to leverage new digital technologies to transform their services and offer customers the ability to make financial transactions with just a few taps on their devices.

BDO to young professionals: Start saving for retirement

SPEEDPOST2 years ago2 years ago05 mins

Retirement may be the last thing on the minds of the young and employed. However, BDO Unibank advises them to start saving for it already to secure a more comfortable post-employment life.