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GMA Network
5 hours ago
- Business
- GMA Network
DOF, DEPDev, DILG ink joint investment facilitation accord
The Department of Finance, the Department of Economy, Planning, and Development, and the Department of the Interior and Local Government have formed an inter-agency partnership to streamline and harmonize investment facilitation efforts in the country. In a statement on Wednesday, the Board of Investments said the three executive departments signed the Joint Memorandum Circular institutionalizing the Investment Facilitation Network (INFA-Net). The JMC was signed by Finance Secretary Ralph Recto, Economic Planning Secretary Arsenio Balisacan, and Interior Secretary Juanito Victor Remulla. The BOI said the inter-agency accord 'operationalizes whole-of-government collaboration in facilitating investments' in line with major policy directives, including Executive Order No. 18 on Green Lanes for Strategic Investments, EO No. 32 on streamlining permits for telecommunications and internet infrastructure, and EO No. 59 on streamlining permits for infrastructure flagship projects. The JMC, likewise, reinforces the agencies' collective commitment to simplify processes, strengthen coordination, and enhance support for strategic and high-impact investments in the Philippines, according to the investments promotion agency. The BOI said the joint circular aligns with President Ferdinand 'Bongbong' Marcos Jr.'s mandate on fostering a more agile, investor-focused government that acts in unison to deliver sustainable and inclusive economic growth. The agency said the accord reflects the government agencies' shared commitment to break down barriers, reduce red tape, and to send a strong message that the Philippines is open for business. —AOL, GMA Integrated News
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Business Standard
a day ago
- Business
- Business Standard
Bank of India Q1 net profit rises 32.3% to ₹2,252 crore on treasury gains
The public sector lender Bank of India (BOI) reported a 32.3 per cent year-on-year rise in net profit to ₹2,252 crore for the April–June quarter (Q1FY26), aided by a surge in treasury income. The Mumbai-based lender's shares ended 0.58 per cent higher, closing at ₹112.15 per share on the BSE. Its Net Interest Income (NII) shrank by 3.3 per cent to ₹6,068 crore in Q1FY26, compared to ₹6,275 crore in the same quarter a year ago (Q1FY25). Net interest margin (NIM) declined by 52 basis points YoY to 2.55 per cent in Q1FY26 from 3.07 per cent in Q1FY25. R. Karnatak, Managing Director and Chief Executive Officer, BOI, said there will be some additional pressure on margins in the second quarter. The repricing of deposits, which began in October 2024, will be completed by October, providing a benefit for margins. He stated that margins have bottomed out but did not give estimates for NIM. The bank's non-interest income, comprising treasury, fees, commissions, etc., grew by 66.4 per cent YoY to ₹2,166 crore in Q1FY26. Profit from treasury activities, including the sale and revaluation of investments, grew almost four times to ₹820 crore in Q1FY26 from ₹166 crore a year ago. Provisions for non-performing assets (NPAs) declined to ₹1,104 crore in Q1FY26, down from ₹1,216 crore in Q1FY25. Advances grew 12.02 per cent YoY to ₹6.72 trillion in Q1FY26. Retail, agriculture, and MSME advances grew by 16.27 per cent YoY to ₹3.28 trillion in the June quarter of FY26. Karnatak said credit off-take was subdued in the first quarter, but performance is expected to improve in the remainder of the financial year. There is a sanctioned credit pipeline of ₹80,000 crore in corporate, retail, and agricultural loans. Credit is expected to grow by 12-13 per cent YoY in FY26, he added. Total deposits increased 9.07 per cent YoY to ₹8.33 trillion. The share of low-cost deposits—current accounts and savings accounts (CASA)—declined to 39.88 per cent at the end of June 2025, down from 42.68 per cent a year ago. The bank has guided for 10-11 per cent growth in deposits in FY26. The bank's asset quality improved, with gross NPAs declining to 2.92 per cent in June 2025 from 4.62 per cent in June 2024. Net NPAs also declined from 0.99 per cent in June 2024 to 0.75 per cent in June 2025. The provision coverage ratio (PCR), including written-off accounts, improved to 92.94 per cent in June 2025 from 92.11 per cent in June 2024. He said the resolution of loans from the stressed public sector undertaking (MTNL) is expected within three to six months. The bank's capital adequacy stood at 17.39 per cent, with Common Equity Tier-1 capital at 14.52 per cent at the end of June 2025. The bank has a comfortable equity capital base and currently has no plans for a fresh equity capital raise. However, the bank has board approval for debt capital of ₹5,000 crore, but there are no firm plans for capital raising at present.
Time of India
7 days ago
- Business
- Time of India
Nashik airport lacks adequate immigration clearance area delaying approval for international flights
Nashik: Approval to set up an immigration checkpoint at the Nashik airport has been delayed by govt due to inadequate area for immigration clearance, preventing the operation of full international scheduled passenger flights. Tired of too many ads? go ad free now In a written reply to Nashik MP Rajabhau Waje's question on whether govt had granted approval to set up the immigration checkpoint at the Nashik airport following inspections by the Bureau of Immigration (BOI), Bandi Sanjay Kumar, the Union minister of state for home affairs, said no permission has been granted to establish an immigration checkpoint at the airport. The minister said after assessing the infrastructure requirements, the BOI recommended that the area available for immigration clearance at the Nashik (Ozar) airport is not sufficient to operate full international scheduled passenger flights. "It is adequate to house operating crew and passengers of cargo/chartered flights only. The required infrastructure and immigration systems are in place to cater to domestic and international cargo routes through Indian flight operators, and the necessary training for conducting immigration checks has been imparted by BOI to the police personnel who are already attached to the Nashik (Ozar) airport," Bandi Sanjay Kumar added in the written reply. The Nashik airport is managed by Hindustan Aeronautics Ltd (HAL), the defence PSU. HAL has already developed the infrastructure required for immigration checkpoints at Nashik airport. Manish Rawal, the vice-president of Nashik Industries and Manufacturers' Association (Nima), said they have been pursuing with state govt to construct a new terminal building at the Nashik airport given the upcoming Simhastha Kumbh Mela. Tired of too many ads? go ad free now "If the new terminal building is constructed, the issues related to areas required for immigration clearance will get sorted out. Therefore, state govt needs to take up expansion of the Nashik airport," Rawal said. The Nashik airport was developed jointly by state govt and HAL at a total cost of Rs 94 crore in 2013 and 2014. State govt spent Rs 84 crore, while HAL spent Rs 10 crore and provided its land for the construction of the airport. State govt has leased the Nashik airport terminal building to HAL for 30 years at a lease rate of Rs 1,000 per month. The seating capacity of the Nashik airport is only 300 passengers at a time. During the Kumbh Mela, passenger footfall per hour is expected to reach 1,000 at the facility. Consequently, HAL submitted a proposal to state govt to develop the Nashik airport in anticipation of the upcoming Kumbh Mela.
Business Standard
23-07-2025
- Business
- Business Standard
Business Optimism Index for Q3 2025 declines, but sub-indices indicate resilience in the domestic economy
PRNewswire Mumbai (Maharashtra) [India], July 23: Dun & Bradstreet, a global leader in business decisioning data and analytics, released the Business Optimism Index (BOI) for Q3 2025, which declined to 117--marking a 2.3% decline over the previous quarter. The modest decline was driven by a fall in optimism in the large and the medium sized firms, while small firms showed resilience. The moderation in sentiment stems largely from global economic uncertainty, prompting businesses to take a measured approach. However, the domestic outlook remains strong, supported by improving macroeconomic conditions. A marginal decline in selling volume q-o-q suggests businesses are skeptic about evolving demand conditions. The decline may reflect a dip in optimism around export orders, which had risen sharply in the previous quarter due to frontloading ahead of anticipated tariff announcements. In contrast, sentiment around domestic orders remained strong. The decline in optimism regarding selling prices likely reflects the subdued inflationary pressures in the economy. Overall, the survey indicates that firms are navigating the current landscape with measured confidence, balancing global risks with robust domestic opportunities. The Dun & Bradstreet Business Optimism Index, which has been tracking the changing business sentiment of India Inc. since 2002, continues to serve as a reliable leading indicator of India's economic growth, maintaining a strong correlation of approximately 80% with the Gross Domestic Product (GDP). Arun Singh, Global Chief Economist, Dun & Bradstreet, said, "While the Q3 2025 decline in the Dun & Bradstreet Business Optimism Index reflects a degree of caution among larger firms, the underlying resilience of the domestic economy stands out. Strong consumption fundamentals, rising investment activity, and targeted policy are lending support to business confidence, particularly among small businesses. The uptick in optimism around the domestic macroeconomic environment, despite global headwinds, signals trust in India's domestic growth momentum. As trade policy uncertainty clouds global demand, businesses are looking inward, with over half prioritizing the domestic market for future growth. Going forward, the recently signed India-UK Free Trade Agreement is expected to open new avenues for market access, improving trade through supply chain diversification. These developments are likely to boost business sentiment by enhancing export opportunities and driving innovation. Together, stronger external competitiveness and domestic market strength can sustain optimism and help Indian businesses navigate global volatility with greater confidence." Key findings from the Q3 2025 survey * The optimism for sales volume decreased by 1 percentage points in Q3 2025 compared to the previous quarter Q2 2025. The food, beverages, metals, and transportation sectors are the most optimistic, while construction and information & communication sectors show lower optimism. * The optimism for domestic orders rose by 3 percentage points in Q3 2025 compared to the previous quarter Q2 2025. The electricals, electronics, mining, textiles and leather sectors remain the most optimistic, while financial and insurance activities and automotive sectors report the lowest optimism. * The optimism for export orders fell by 1 percentage points in Q3 2025 compared to the previous quarter Q2 2025. Electronics, metals, textile and leather sectors lead optimism, while financial and insurance activities and automotive sectors remain least optimistic. * The optimism for selling prices fell by 11 percentage points in Q3 2025 compared to the previous quarter Q2 2025. The metals, hospitality, and food and beverages sectors show the highest optimism, while electronics and automotive sectors report lower confidence. * The optimism for net profit fell by 4 percentage points in Q3 2025 compared to the previous quarter Q2 2025. The financial and insurance, construction, and hospitality sectors are the most optimistic, while electronics, automotive, and capital goods sectors show lower optimism. * The optimism for the global macroeconomic environment fell by 5 percentage points in Q3 2025 compared to the previous quarter Q2 2025. The chemicals sector, along with utilities and professional and administrative services, remain most optimistic, while automotive and hospitality sectors show lower confidence. * The optimism for employment fell by 15 percentage points in Q3 2025 compared to the previous quarter Q2 2025. The hospitality, food & beverages, and textiles sectors exhibit high optimism, while automotive, transportation, and capital goods sectors show lower optimism. * The optimism for the domestic macroeconomic environment increased by 8 percentage points in Q3 2025 compared to the previous quarter Q2 2025. The information & communication, financial services, wholesale & retail trade, and transportation sectors show the highest confidence, while hospitality and capital goods sectors are least optimistic. * The optimism for input costs fell by 1 percentage points in Q3 2025 compared to the previous quarter Q2 2025. The metals, food and beverages sectors show higher optimism, while information & communication and financial services sectors report lower optimism. * The optimism for inventory levels saw an increase of 10 percentage points in Q3 2025 compared to the previous quarter Q2 2025. Mining and automotive sectors are the most optimistic, while metals and food and beverages sectors report the lowest optimism. Notes to Editors The Dun & Bradstreet Business Optimism Index (BOI) is a quarterly survey-based index designed to measure the pulse of the Indian business community and has served as a reliable indicator of the economy. Dun & Bradstreet surveys respondents (senior management) pan India across the Manufacturing and Services sectors, covering businesses of varying scale (large, medium and small) to calculate the BOI. Respondents are asked about their expectations (in terms of increase, decrease, or no change) regarding their company's performance (Ten BOI Parameters) in the ensuing quarter over the same quarter in the previous year. About Dun & Bradstreet: Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet's Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For more information on Dun & Bradstreet, please visit Dun & Bradstreet Information Services India Private Limited is headquartered in Mumbai and provides clients with data-driven products and technology-driven platforms to help them take faster and more accurate decisions in domains of finance, risk, compliance, information technology and marketing. Working towards Government of India's vision of creating an Atmanirbhar Bharat (Self-Reliant India) by supporting the Make in India initiative, Dun & Bradstreet India has a special focus on helping entrepreneurs enhance their visibility, increase their credibility, expand access to global markets, and identify potential customers & suppliers, while managing risk and opportunity. India is also the home to Dun & Bradstreet Technology & Corporate Services LLP, which is the Global Capabilities Center (GCC) of Dun & Bradstreet supporting global technology delivery using cutting-edge technology. Located at Hyderabad, the GCC has a highly skilled workforce of over 500 employees, and focuses on enhanced productivity, economies of scale, consistent delivery processes and lower operating expenses. Visit for more information. Click here for all Dun & Bradstreet India press releases.
Express Tribune
18-07-2025
- Business
- Express Tribune
Cabinet body okays 104 business reforms
Listen to article The Cabinet Committee on Regulatory Reforms (CCoRR), chaired by Federal Minister for Investment Qaiser Ahmed Sheikh, concluded a series of three meetings to review the Regulatory Reform Package-01 submitted by the Board of Investment (BOI). According to an official statement on Thursday, the meetings marked a key milestone in the government's effort to modernise Pakistan's regulatory environment in line with the prime minister's directives. The BOI's reform package included 136 proposals aimed at reducing compliance burdens, eliminating outdated procedures, and improving the ease of doing business. The package focused on streamlining federal-level Registrations, Licenses, Certificates and Other Permits (RLCOs) and modernising the Companies Act, 2017 for unlisted companies. During the meetings, the committee reviewed all 136 proposals in detail. A sub-committee led by Haroon Akhtar Khan, Special Assistant to the Prime Minister for Industries and Production, was formed to consult on the Companies Act with the Securities and Exchange Commission of Pakistan (SECP) and other stakeholders. Out of 136 proposals, 104 reforms were endorsed for implementation. These include the removal of 19 redundant regulatory requirements and streamlining of 57 procedural steps through simplification, modernisation, and digitalisation. Once implemented, the approved reforms are expected to deliver significant cost savings, shorten approval timelines, and create a more transparent and business-friendly regulatory ecosystem. The committee directed relevant ministries and departments to implement the reforms within set deadlines, up to 90 days depending on each reform's complexity. BOI will coordinate implementation and regularly report progress to the committee. The committee noted that more reform packages are in development, targeting key sectors of the economy. These future reforms aim to reduce compliance pressures and create space for businesses to invest and grow locally and globally.
