Get the latest Nokia 3.2 for only ₱6990, available exclusively on Shopee

Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, partners with HMD Global to launch the brand-new Nokia 3.2 exclusively on Shopee for only ₱6,990 until August 14, 2019. Consumers can also use the GDGTZONE8 voucher to get an additional 8% off when buying the phone until September 30, 2019.

Martin Yu, Associate Director, Shopee Philippines said, “We are very excited to partner exclusively with HMD Global to feature the Nokia 3.2. Much like Nokia, we at Shopee share the same belief in making affordable products accessible in the most convenient way possible. We look forward to continue working with HMD Global to provide quality devices to our users.”

Sancho Chak, HMD Global, General Manager for the Philippines, Hong Kong and Macau, said, “We continue to strengthen our partnership with Shopee to give our consumers affordable deals and easy access to our promise of a pure, secure, and up-to-date Android experience. HMD Global prioritizes consumer feedback focusing on improving the lives of our Filipino fans through Nokia phones that just keep getting better – this means continuous OS updates and security patches that do not slow you down.”

Filipinos will surely enjoy streaming their favorite shows and playing games with the Nokia 3.2’s big HD+ display and two-day battery life. The smartphone also boasts a 13-megapixel rear camera that captures great pictures in all lights, and a 5-megapixel front camera, perfect for selfies.

Get the Nokia 3.2 now by visiting the Official Nokia Store on Shopee at https://shopee.ph/nokiaphstore.

Visit the Shopee website at https://shopee.ph/ and download the Shopee app for free via the App Store or Google Play.

Future looks brighter with BDO earning P20.2 Billion in first 6 months of 2019

BDO Unibank, Inc. (BDO) sustained its momentum as it delivered P20.2 billion in earnings for the first six months of the year on strong recurring earnings from its core businesses, solid growth in fee income and normalization of trading & forex gains.

Net interest income increased by 24% to P56.9 billion as net interest margins (NIMs) improved to 3.99 per cent from 3.50 per cent last year. Gross customer loans grew by seven (7) per cent to P2.0 trillion, as the Bank continued to generate double-digit growth in the consumer and middle market segments. Meanwhile, total deposits went up by three (3) per cent to P2.4 trillion, reflective of customers’ shift to higher-yielding fixed income investments, primarily bank-issued bonds. The Bank’s CASA ratio, however, was maintained at 70 per cent.

Non-interest income was up 29 per cent to P29.5 billion as fee-based income and insurance premiums posted double-digit growth. Further, trading and forex gains normalized to P3.6 billion on favorable capital market conditions.

Operating expenses grew by 21 per cent in line with the Bank’s continuing expansion, with 53 domestic branches and offices opened in the 1H 2019, as well as higher volume-related expenses. Taxes and licenses and policy reserves at BDO Life increased by 51 per cent. Excluding volume-related expenses, opex growth would have risen by 14 per cent in line with the Bank’s investment in branches and business development offices nationwide.

Provisions amounted to P3.0 billion as the Bank maintained its conservative credit and provisioning policies. Gross non-performing loan (NPL) ratio was steady at 1.2 per cent while NPL cover remained high at 163.2 per cent.

Total capital grew to P350.8 billion, with Capital Adequacy Ratio (CAR) and Common Equity Tier 1 Ratio at 14.2 per cent and 12.6 per cent, respectively, higher quarter-on-quarter and remaining comfortably above regulatory requirements.

With expectations of better economic prospects going forward, BDO will continue to build on its business franchise and extensive distribution network to tap new growth areas and underserved markets.