SUCs to house KIST Ecozonenes, optimizing Business and Innovation in PH

Pasay City – In accelerating the country’s shift to the new knowledge economy, The Department of Science and Technology (DOST) tied partnerships with the Philippine Economic Zone Authority (PEZA) and the Philippine Association of State Universities and Colleges (PASUC) to establish areas of cooperation in promoting Ecozones in State Universities and Colleges (SUCs) Thursday (August…

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BDO expands footprint in Lucena City

BDO EXPANDS FOOTPRINT IN LUCENA CITY. Residents and visitors of Lucena City, Quezon can now easily and conveniently do their bank transactions at the newly-opened BDO branch in their area. Combining the benefits of physical and digital banking, clients can opt for paperless and faster transactions by using self-service kiosks inside the branch. They can input…

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CASH AGAD: The ‘Automated Tao Machine’ that provides assistance to MSMEs

CASH AGAD partner-stores serve as ATMs in the community stores located far from banks. In the recently concluded community day organized by BDO in several towns of Bataan and Palawan, Cash Agad is one of the services that provided opportunities to MSMEs to further grow and strengthen their earnings. Cash Agad, a financial solution where BDO partners with…

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Xendit payments infra bridges gaps in digital economy

Unicorn startup Xendit took the stage at a fintech summit to lead the dialogue on how the Philippine finance industry can accelerate the digital economy—and fast, through building payments infrastructure. In line with the Bangko Sentral ng Pilipinas’ (BSP) Digital Payments Transformation Roadmap and its subsequent National Strategy for Financial Inclusion, Xendit has been advocating…

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PH net FDIs climb anew to US$876M in April

Bangko Sentral ng Pilipinas (BSP) records show that the Philippines’ foreign direct investments (FDIs) inflow has risen anew to US$876 million in April this year. The figure is higher than the US$548 million FDI net inflows last March but 14.1 percent lower than US$1 billion net inflows last year.The bulk of the investments amounting to US$663 million are placements in debt instruments. BSP records also show…

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PEZA OKs nearly P200-B projects in BBM’s 1st year

The Philippine Economic Zone Authority (PEZA) on Monday has approved projects costing P198.8 billion during the first year of the Marcos administration. In its recent report, PEZA said these investment pledges came from 206 projects that registered with the agency from July 2022 to June 2023. Of the 206 projects, 11 were big-ticket ones with capital of at least P1 billion….

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BDO Trust wins Gold in the Reader’s Digest Trusted Brands Awards

In Photo (From Right to Left): Rafael G. Ayuste Jr., Senior Vice President and Head of BDO Trust received BDO’s Gold Award for Investment Fund Company in the 2023 Reader’s Digest Trusted Brand Awards from Sheron White, Advertising and Retail Director of Reader’s Digest.  BDO Unibank also won another Gold for Personal/Consumer Loans and Platinum…

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World Bank OKs policy loan for climate resilience

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,…

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