Noticias de dinero

FCDU lending drops by 2.2% in Q4 2023

LOANS extended by banks’ foreign currency deposit units (FCDU) fell in the fourth quarter of last year as principal repayments exceeded disbursements, the Bangko Sentral ng Pilipinas (BSP) reported late Wednesday. As of end-December, FCDU loans stood at $15.2 billion, down 2.2 percent from $15.5 billion in the third quarter or 3.9 percent from $15.8

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Noticias de dinero

Shell Pilipinas income drops to P1.2B in 2023

SHELL Pilipinas Corp. earned P1.20 billion last year, down substantially from 2022’s P4.10 billion due to challenges arising from high interest rates, lower fuel prices, and geopolitical events. Company president and CEO Lorelie Quiambao-Osial, who said in a statement that she was proud of Shell Pilipinas’ “resilience,” also said the firm was “still able to

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Noticias de dinero

BoP deficit narrows; GIR level drops

THE country again posted a balance of payments deficit in February, the Bangko Sentral ng Pilipinas (BSP) reported late on Tuesday, but this narrowed the shortfalls posted in January and a year earlier. The latest BoP deficit of $196 million, which was lower than January’s $740 million and the $895 million in February last year,

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Noticias de dinero

Universal Robina net drops 12% to P12.8B

FOOD and beverage company Universal Robina Corp. reported a 12-percent decline in 2023 net income, to P12.80 billion from P14.50 billion in 2022, due to the absence of one-off gains from a land sale booked in the previous year. Core income, however, rose 6 percent to P12.60 billion, driven by operating income growth but tempered

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Noticias de dinero

Nickel Asia income drops 53% to P3.7B

“Despite the challenges in the global nickel industry, we remain on track to achieve our ambition of becoming a premiere environmental, social and governance investment and a Top 25 company in the Philippine Stock Exchange by 2025,” Nickel Asia President and Chief Executive Officer Martin Antonio Zamora said. Revenues from the sale of ore were

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