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Philippines
Sunday, May 12, 2024

Banking & Finance

GoTyme Bank acquires top salary lender to boost payroll offerings

Homegrown fintech firm GoTyme Bank has acquired top salary lender SAVii  through its major shareholders, JG Summit and Tyme Group. The merger strengthens GoTyme’s payroll-based financial products. “This acquisition enables us to drive our strategy of deepening customer relationships by offering payroll and financial products that benefit both employees and their employers,” said GoTyme Bank president and CEO Nate Clarke. The acquisition should speed up GoTyme’s growth and profitability. By combining...

Gov’t deficit, debt metrics improved in first quarter

The Philippine government’s budget deficit and debt metrics improved in the first...

Money supply in PH sustained expansion to reach P17.2t in March—BSP

Domestic liquidity (M3) or money supply sustained its growth in March 2024,...

March bank loans climbed 9.4% to P11.4t

Outstanding loans of universal and commercial banks, net of reverse repurchase (RRP)...

LATEST Banking & Finance

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Bank of Commerce raises P6.57b from bond offering

Bank of Commerce (BoC), the lending arm of conglomerate San Miguel Corp., said Friday it raised P6.57 billion from the sale of fixed-rate peso...

DOF amplifies call for innovative finance

The Department of Finance (DOF) said it took part in a series of high-level discussions on the sidelines of the World Bank-International Monetary Fund...

Travelers asked to declare currencies in excess of limit

The Bureau of Customs (BOC) reminded travelers that failing to declare currency exceeding the limit or providing false information about the amount of Philippine...

Illegal gambling stymies PCSO earnings, dividend payments

The Philippine Charity Sweepstakes Office (PCSO) said it could have remitted higher dividends to the government if illegal gambling operations in the country were...

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