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SBMA turns over P185M in dividends to gov’t

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State-owned Subic Bay Metropolitan Authority (SBMA) has remitted P185 million in dividends to the national government—the first time in about a decade.

Posted: June 21st, 2014 in Headlines | Read More »

China Bank Savings in remittance tie-up with Cebuana Lhuillier

China Bank Savings (CBS), the thrift banking arm of China Banking Corp., has entered the domestic cash transfer business in partnership with leading pawnshop chain Cebuana Lhuillier.

Posted: June 19th, 2014 in Headlines | Read More »

Growth in remittances accelerated in March

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money

Cash transfers by migrants grew faster last March as demand for Filipino labor in advanced economies stayed strong, data released by the central bank showed Thursday.

Posted: May 16th, 2014 in Headlines | Read More »

I-Remit teams up with Lakhoo for remittances from Oman

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Screengrab from www.myiremit.com

The cash transfer company I-Remit Inc. has teamed up with Lakhoo Money Exchange, one of the leading institutions in Oman, to expand its remittance coverage in the Middle East.

Posted: April 16th, 2014 in Latest Business Stories | Read More »

Pagcor remittance hits record P21.2B in 2013

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Pagcor chairman and  chief executive officer Cristino Naguiat  INQUIRER file photo

The Philippine Amusement and Gaming Corporation’s (Pagcor) reported on Thursday its “highest recorded” remittance to the government in the amount of P21.20 billion last year.

Posted: January 30th, 2014 in Latest Business Stories | Read More »

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