Gov’t raises PERA contribution ceiling
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BW FILE PHOTO FINANCIAL REGULATORS have doubled the maximum yearly contributions to the Personal Equity and Retirement Account (PERA) to encourage more…
PHL bank executives see more rate hikes
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A VENDOR arranges vegetables at a public market in Manila. Stubbornly high inflation may force the Bangko Sentral ng Pilipinas to continue…
Lenders face higher asset quality risks — Fitch
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Makati central business district — CATHY ROSE A. GARCIA PHILIPPINE BANKS are facing increasing asset quality risks amid high interest rates, but…
Bill condoning CARP loans gets Senate nod
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A farmer walks across a rice field in Balaoan, La Union, Oct. 12, 2021. — PHILIPPINE STAR/MICHAEL VARCAS THE SENATE on Monday…
House approves VAT refund for tourists, 2 other bills
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Tourists continue to flock to Boracay, considered one of the top tourist attractions in the country. — PHILIPPINE STAR/ KRIZ JOHN ROSALES…
Petron net earnings climb 10% on high fuel demand
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PETRON Corp. reported a 9.8% increase in consolidated net income to P6.7 billion in 2022 from P6.1 billion in the previous year…
ICTSI income jumps 44% on higher operating profit
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RAZON-led International Container Terminal Services, Inc. (ICTSI) recorded a 44.3% increase in its attributable net income to $618.46 million in 2022 due…
AboitizPower posts 27% profit rise to P26.5B
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ABOITIZ Power Corp. reported a 27.4% increase in core net income to P26.5 billion in 2022 from P20.8 billion a year earlier…
URC profit up 12% to P14.5B
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UNIVERSAL Robina Corp. (URC) reported a 12% increase in its 2022 net income to P14.5 billion, driven by a strong topline, price…
South Korean romance reality shows boom, but marriage no longer the endgame
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DETAIL from the poster of the Korean reality show Single’s Inferno. SEOUL — If South Korea’s big boom in dating and relationship…