Author: PRNEWS Admin

DBP Posts P4.6-Billion Profits in 2014

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State-owned Development Bank of the Philippines (DBP) posted net profits of P4.6-billion for the full year ending December 31, 2014, down 13% from the P5.28-billion in 2013. This translates to a Return on Equity of 11.01% and a Return on Assets of 1.03%.

Trading gains declined by P2.084-billion, from P2.762-billion in 2013 to P678-million in 2014. This was offset by higher interest income from investments in debt securities (+P1.472-billion) and regular loans (+P870-million) and higher foreign exchange gains (+P287-million). The growth in income from loans and investments marks the shift to more recurring sources of income, in line with the bank’s strategic direction to re-focus on its core lending and investing businesses. In government securities, the bank showed increased presence in the financial markets. The Bureau of Treasury awarded DBP as the 3rd Best Performing Government Securities Eligible Dealer in 2014, a big jump from its 10th rank in 2013.

Total deposits climbed 17% to P293.5-billion paced by low cost funds (Current and Savings Accounts or CASA), which grew by 8.5% to P201.0-billion, to result in a 68% low cost to high cost deposit ratio. The high deposit growth rate, coupled by the high proportion of low cost funds, helped the bank improve on its net interest margin to 2.34% from 2.15% in the previous year.

The bank’s total resources went up by 9% to P467.5-billion, nearing the half-trillion mark from P427.3-billion in 2013. Net loans and other receivables increased by 24% or P38.4-billion to P199.7-billion, with the bulk of the increase accounted for by regular loans (P18.8-billion). The bank’s Capital Adequacy Ratio (CAR) stood at 20.91% well above the Bangko Sentral ng Pilipinas’ 10% minimum requirement.

The bank’s developmental loans increased by P9.648-billion or 8.7% in 2014 vs. previous year, to comprise 83% of its total loan portfolio. This is led by the over-achievement in its “breakthrough goals” of loans to its core mandate sectors of Local Government Units (LGUs), Water Districts and Electric Cooperatives as loan approvals for 2014 breached the P28-billion mark vs. the bank’s target of P18-billion under its Performance Governance System where the bank achieved Compliance Status in October, 2014 and for which it won a Silver Trailblazer Award.

Maybank and MNTC ink Cash Management Services agreement

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In this photo (L-R): MNTC Senior Vice President for Legal, Regulatory Affairs and Government Relations Atty. Romulo S. Quimbo; MNTC Vice President for Treasury and Comptrollership Ma. Theresa O. Wells; MNTC President and CEO Rodrigo E. Franco; Maybank President and CEO Herminio M. Famatigan, Jr.; Maybank Senior Vice President and Global Banking Head Manuel A. Castaneda III; and Maybank Vice President and Transaction Banking Head Martin G. Tirol

 

Maybank Philippines, Inc. has been tapped by Manila North Tollways Corp. (MNTC), builder and concessionaire of the 90-km NLEX, to streamline its check preparation and releasing transactions.

MNTC President and CEO Rodrigo E. Franco and Maybank President and CEO Herminio M. Famatigan, Jr. led the signing of the check cutting services agreement recently.

“Through Maybank’s payment solution, the Check Cutting Service, MNTC will enjoy the convenience of outsourcing the preparation and releasing of their regular check payments to suppliers. MNTC can use selected Maybank branches or all of Maybank’s 79 branches nationwide to release its check payments,” said Mr. Famatigan.

He added, “Through Maybank’s payment solution, MNTC will not only get on-time reports for faster and easier account reconciliation, but also reduce cost on its daily operations.”

For his part, Mr. Franco said “the deal will enable MNTC to focus more on operating and maintaining the NLEX rather than doing the cutting and releasing of checks. It will also give more convenience to our suppliers due to Maybank’s accessible locations.”

Other signatories to the contract include MNTC Senior Vice President for Legal, Regulatory Affairs and Government Relations Atty. Romulo S. Quimbo, MNTC Vice President for Treasury and Comptrollership Ma. Theresa O. Wells, Maybank Senior Vice President and Global Banking Head Manuel A. Castaneda III, and Maybank Vice President and Transaction Banking Head Martin G. Tirol.

Maybank’s Check Cutting service is an outsourcing solution for corporate customers that handle the preparation and nationwide disbursement of voluminous check payments to their suppliers and payees. Maybank’s outsourcing solution automates the check and voucher preparation and enhances the client’s productivity while maintaining security, control and confidentiality of their financial transactions. This service allows clients to remotely view the status of their check payments through Maybank’s Regional Cash Management platform which allows fast and convenient check and account reconciliation.

Get your CBTL Single Beverage System now for half the price!

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Maybank depositors can now better enjoy their coffee with Maybank’s “Double the Fun at Half the Price” promo. All Maybank depositors are entitled to a 50% discount when they purchase any of the Coffee Bean and Tea Leaf Single Beverage System: CBTL Kaldi; CBTL Desto; and CBTL Milk Frother.

Order forms are available in Maybank’s 79 branches nationwide. Accomplished forms may be sent through any of the following:

  • Snail Mail: c/o Brand Management and Marketing Department Maybank Corporate Centre, 7th Ave. cor. 28th St., Bonifacio High Street Central Bonifacio Global City, Taguig City
  • Email: brandmanagementandmarketing@maybank.com.ph
  • Fax: (02) 720-9571

Payments may be settled via over-the-counter deposit at any Maybank branch; Fund Transfer via M2U Internet Banking; or through fund transfer via bancnetonline.com.ph.

Account Name: Next Coffee Frontier Inc.
Account Number: 00635003425
Bank/ Branch: Maybank Greenhills Branch

The promo will run until March 31, 2015.

ABS-CBN TVplus is now available at Lazada

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Last February, the Philippine TV giant ABS-CBN pushed yet another envelope and this time it’s all about enriching the TV viewing experience of many Filipinos through their latest innovative offering – the ABS-CBN TVplus which is more popularly coined as the “Mahiwagang Black Box”. Now, you can get your hands on this “talk-of-the-town” product effortlessly and risk-free through Lazada.com.ph for PhP 2,500 – you can either pay via cash on delivery or credit/debit cards or even PayPal and have it delivered to your doorstep or to your loved ones’ doorstep with Lazada’s free nationwide shipping! It’s that easy!

So how “magical” exactly is this “Mahiwagang Black Box”? Well, let’s just put it this way: imagine yourself watching free-to-air TV but with noticeable crispness and clarity.

 

 

The ABS-CBN TVplus is a digital black box that delivers digitally clear picture and sound that is comparable to seeing a movie on DVD – a far cry from the prevailing blurry and grainy images of analog TV.

The “Mahiwagang Black Box” has been developed to work with all kinds of TV sets as long as it has an AV or RCA connector. On top of ABS-CBN and ABS-CBN Sports+Action, the ABS-CBN TVplus allows you to access four more exclusive free-to-air channels once you connect it to your TV sets.

The ABS-CBN TVplus is initially available in Metro Manila, Rizal, Cavite, Laguna, Bulacan, Pampanga, Nueva Ecija, Tarlac, Pangasinan, Benguet, and Metro Cebu. But for those living outside of these areas, never fret as the magic of the “Mahiwagang Black Box” will be available to your areas soon!

So what are you waiting for? Download the Lazada Mobile App which is available in both iOS appstore and Google Play and get your hands on the “Mahiwagang Black Box” and see for yourself what’s the latest buzz all about! For all of those shopping via desktops and laptops, you can purchase the ABS-CBN TVplus by clicking www.lazada.com.ph/abs-cbn-tv-plus-dttv-blackbox-with-free-abs-cbn-mobile-sim-380722.html. To know more about the offerings and deals for the ABS-CBN TVplus, subscribe to the Facebook Page of Lazada Philippines via www.facebook.com/LazadaPhilippines

Lexus Premieres ‘LF-SA’ Ultra Compact Concept

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Lexus today unveiled the “LF-SA” ultra-compact concept at the 85th Geneva International Motor Show in Geneva, Switzerland running until March 15, 2015.

With automated technologies for everyday life advancing rapidly, the LF-SA is a study model designed at the Nice, France-based design studio ED2, aimed at delivering the joy of total driving control. The LF-SA is a Lexus-first 2+2 ultra-compact vehicle that incorporates bold and exhilarating cutting-edge design trends and embodies the ultimate luxury that Lexus seeks.

LF-SA stands for Lexus Future Small Adventurer, expressing the concept’s aim of delivering the joy of driving even as automated driving technologies become more prevalent.

The robust, urbanized exterior and driver-focused interior are a bold interpretation of the Lexus design philosophy, L-finesse.

Main Features

Exterior
Compact package provides the easy handling and agility essential for driving in urban areas

  • Avant-garde sculpted body surface casts different shadows depending on the viewing angle and time of day
  • Powerful, three-dimensional spindle grille that meshes with the front fenders highlights the vehicle’s stability
  • Bold undercutting above the wheel arches emphasizes the distinctive contours, conveying dynamism and powerful forward motion
  • The rear design, which features angular, double-stepped styling combined with L-shaped lamp clusters, also expresses the spindle grille shape. In addition, Lexus trademark signatures such as the arrowhead motif are evident throughout the rear design

Interior

In contrast to the compact exterior, the sweeping dashboard creates an impression of a roomy interior

  • Based on the assumption that the driver will often be the sole occupant during urban use, the driver’s seat is fixed and the steering wheel and pedals can be adjusted to the driver’s preferred positioning. The front passenger seat slides to provide access to the rear seats
  • Two overlapping elliptical areas within the cabin created by differences in materials and volume reinforce the priority placed on the driver
  • Crystalline instrument panel with black-beveled hologram display and heads-up display with touch pad in the center console creates a futuristic feel