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December 10, 2023

OFW remittances up 1.8% in May, slowest in 3 months

Cash remittances from overseas Filipino workers (OFWs) coursed through banks booked its slowest growth in three months at 1.8 percent in May on the back of the continued strengthening of the US dollar against other currencies including the peso.

DBP approves P660M funding for mini hydropower project in Nueva Ecija

State-run Development Bank of the Philippines (DBP) led by bankero Emmanuel Herbosa has approved P660-million in funding support for the development of the 4.6 megawatt Dupinga Mini Hydropower project in Gabaldon, Nueva Ecija in line with its thrust to support new and renewable energy sources.

BSP issues certificate to Union Digital Bank

The Bangko Sentral ng Pilipinas (BSP) has given Union Bank of the Philippines led by bankero Edwin Bautista a certificate of authority to operate wholly-owned UnionDigital Bank Inc.