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RURAL BANK OF STA. ROSA REPORTS INCOME INCREASE The Rural Bank of Sta. Rosa (Laguna), Inc. realized a significant increase in its net income for the January-September period this year. Rural Bank of Sta. Rosa Chairman and financial technology firm Salmon co-founder Raffy Montemayor on Nov. 22 said that the total net income during the […]
DTI RELEASES NOCHE BUENA PRODUCTS PRICE GUIDE The 2024 Noche Buena products price guide has been released by the Department of Trade and Industry (DTI), noting many of the essential items for the holidays have remained at their 2023 prices with some having price decreases. The DTI said on Nov. 17 that guide includes prices […]
SUGAR IMPORTS NOT NECESSARY UNTIL MID-2025 The Philippine government will not pursue sugar importation until the middle of next year, top officials of the Department of Agriculture (DA) and Sugar Regulatory Administration (SRA) announced on Nov. 10. This, as there is a steady domestic supply of both raw and refined sugar. “Given the current situation, […]
FDI NET INFLOWS REACH $1.03 BILLION IN SEPTEMBER Foreign direct investment (FDI) net inflows to the Philippines reached $1.03 billion in September, data released by the Bangko Sentral ng Pilipinas (BSP) on Oct. 31 showed. September net inflows increased by over 92%, or $491.82 million higher from the previous month, up from the $533.95 million […]
PH ECONOMY SEEN GROWING UP TO 6.5% IN THIRD QUARTER Philippine economic growth in terms of gross domestic product (GDP) is forecast to grow within the 6% to 6.5% range in the third quarter of the year, Rizal Commercial Banking Corporation chief economist Michael Ricafort said. Philippine GDP growth settled at 6.3% in the second […]