Asianews

Global Dominion financed P6.8 billion in 2023

MANILA, Philippines — Students taking the board exam for agriculturists can soon avail of free review classes offered by the University of the Philippines (UP) Los Baños.

The review program, funded by the Commission on Higher Education (CHED), aims to boost the number of licensed agriculturists in the country as the passing rate for the Agriculturists Licensure Exam has stag nated below 50% for a decade, based on available data. 

With fewer than half of all applicants passing the exam every year since 2014, CHED, UP and 15 state universities and colleges (SUCs) offering Bachelor of Science in Agriculture partnered to make review classes more accessible to students in far-flung areas, CHED said in a press release.

Only an average of 35.56%, or around a third, of test takers passed the board exam in the last five years or from 2019-2023, according to CHED.

“Students in these areas fail the licensure tests because there are no review schools in the area or they have to travel far to attend review classes,” CHED Chairperson Popoy De Vera said. 

Agriculturists are professionals involved in the science, practice, and management of agriculture and agribusiness.

Review classes for aspiring agriculturists typically cost P10,000 to P15,000, on top of living expenses during the duration of classes, De Vera added. 

“We will use the expertise of the UP Los Baños to conduct free licensure classes for our agriculture students who are preparing for the LEA,” he said.

CHED said that the free review classes will start in June, four months before the Agriculturists Licensure Exam in October.

The 15 SUCs selected to participate in the online review program were chosen based on their performance in the annual board exam, geographical location, presence of internet connectivity, and absence or presence of review centers within their areas.

MANILA, Philippines — Global Dominion Financing Inc. (Global Dominion) booked P6.8 billion of loans in 2023. This infusion to the Philippine economy mobilized businesses and empowered families to achieve their goals. This growth indicator was highlighted during the company’s 2024 annual stockholders’ meeting, attended by its board of directors, shareholders and senior managers.

Ruben Lugtu II, Global Dominion Chairman of the Board, opened the meeting with great appreciation to the company’s stakeholders, especially the employees.

“I believe we were able to achieve all these because of the values and the attitude our leaders, management team and employees brought to bear,” Lugtu said. Global Dominion employees grew to more than 1,000 in count when 2023 ended.

“I invite everyone to carry these values, the good attitude, and mental fortitude in discharging our duties,” Lugtu added as he closed his speech, referring to the organization’s core values integrity, excellence, innovation, care, fun and grit.

The organization also boasted more of its performance numbers from its consolidated financial statement, including its 19% net income growth, 7% return-on-assets, and 0.89% non-performing loans ratio.

Global Dominion vice chairman and CEO Robert Jordan Jr. said that 2023 was “no easy feat,” but it was successfully journeyed by the team through “strategic investments, innovative solutions, and relentless focus on quality.”

Jordan added that they “will continue to ignite and accelerate growth in people and organizations” as it continues with its expansion plans through 2024.

Lugtu and Jordan started Global Dominion in 2003 with the intention of helping the underbanked small and medium enterprises (SMEs) in the country. Years later, they have proven how a purpose can drive a business to success, with the virtue of shared prosperity and desire for nation-building.

During the meeting, the board approved the report of the company’s president and managing director, Patricia Poco-Palacios. She highlighted the team’s growth and development amo ng its people, processes, and platforms. More than 100 employees were promoted while attrition rate was maintained at 2.84%.

Recruitment continues through 2024 when more branches are expected to be opened. A more efficient and secure financing is expected this year from the company, given its additional investment in new systems and technologies in 2023, particularly in line with infrastructure and security.

Customer experience and reach have also been improved through enhanced inquiries management and establishment of additional channels were Filipinos can learn more about Global Dominion products and services, including kiosks in malls in the metro.

Palacios also recalled the Dalawampung Kwento event, the company’s 20th anniversary celebration, the on boarding of the brand ambassadors James Deakin and Ogie Alcasid, and the collaborations with universities and the media for financial literacy events and speaking engagements. She also praised the company’s finance team for robust fund raising and reporting.

Global Dominion has been one of the leading financial services providers in the Philippines since 2003, catering to those in need of car/truck financing and car/truck refinancing, and now even real estate mortgaged loan and real estate financing.

For more information, visit gdfi.com.ph.

Editor’s Note: This press release is sponsored by Global Dominion. It is published by the Advertising Content Team that is independent of our Editorial newsroom. 

More News

Bet substitution by COC withdrawal banned

MANILA, Philippines —  The Philippine National Police (PNP) vowed to support the National Bureau of Investigation (NBI) in its probe on the alleged wiretapping activities

SP New Energy crushed on MSCI deletion

According to a report by Miguel R. Camus of InsiderPH [link], Citicore Renewable Energy Corp. [CREC 3.88 pre-IPO] CEO Oliver Tan said that CREC moved its IPO back by a week to June

Twin girls, 5, die in Tondo fire

MANILA, Philippines — The upcoming closure of the five-star Sofitel Philippine Plaza Manila hotel would be a “significant loss for the tourism industry,” the Department

Twin girls, 5, die in Tondo fire

MANILA, Philippines — The upcoming closure of the five-star Sofitel Philippine Plaza Manila hotel would be a “significant loss for the tourism industry,” the Department

Twin girls, 5, die in Tondo fire

MANILA, Philippines — The upcoming closure of the five-star Sofitel Philippine Pla za Manila hotel would be a “significant loss for the tourism industry,” the

Twin girls, 5, die in Tondo fire

MANILA, Philippines — The upcoming closure of the five-star Sofitel Philippine Plaza Manila hotel would be a “significant loss for the tourism industry,” the Department

Isabela sees socialized condo

MANILA, Philippines — A climate change panel has been formed by the Department of Agriculture (DA) amid La Niña’s expected damage to the agriculture sector. The

Isabela sees socialized condo

MANILA, Philippines — A climate change panel has been formed by the Department of Agriculture (DA) amid La Niña’s expected damage to the agriculture sector. The

Isabela sees socialized condo

MANILA, Philippines — A climate change panel has been formed by the Department of Agriculture (DA) amid La Niña’s expected damage to the agriculture sector. The

Isabela sees socialized condo

MANILA, Philippines — A climate change panel has been formed by the Department of Agriculture (DA) amid La Niña’s expected damage to the agriculture sector. The

UP creating archipelagic, oceanic university

MANILA , Philippines —  The Land Transportation Franchising and Regulatory Board (LTFRB) will start apprehending today jeepneys that failed to meet the consolidation requirement. LTFRB

UP creating archipelagic, oceanic university

MANILA, Philippines —  The Land Transportation Franchising and Regulatory Board (LTFRB) will start apprehending today jeepneys that failed to meet the consolidation requirement. LTFRB Chairman

UP creating archipelagic, oceanic university

MANILA, Philippines —  The Land Transportation Franchising and Regulatory Board (LTFRB) will start apprehending today jeepneys that failed to meet the consolidation requirement. LTFRB Chairman

UP creating archipelagic, oceanic university

MANILA, Philippines —  The Land Transportation Franchising and Regulatory Board (LTFRB) will start apprehending today jeepneys that failed to meet the consolidation require ment. LTFRB

Lotto results for May 15, 2024

MANILA, Philippines — The Rain or Shine Elasto Painters are heading to the PBA Philippine Cup semifinals after squeaking past the TNT Tropang Giga in

1$:57.505

MANILA, Philippines — The ASEAN University Network (AUN) has opened applications for scholarships for qualified persons with disabilities (PWDs) f rom the Philippines and other

Beermen flatten, eliminate Dyip

BAGUIO CITY —  The Philippines-Australia Army to Army exercises dubbed “Kasangga” 01-2024 started Monday at the 5th Infantry “Star” Division (5ID) headquarters, in Camp Melchor

COPA ‘All For One’ swim fest sa RSMC

MANILA, Philippines — The Department of the Interior and Local Government (DILG) on Wednesday called on local government units (LGUs), especially in Metro Manila, to

COPA ‘All For One’ swim fest sa RSMC

CANNES, France — A blood-splattered “Mad Max” heroine, a Meryl Streep masterclass, a #MeToo figurehead — the Cannes Film Festival showed the progress women have made in

Jokic, Nuggets tame Wolves to go up 3-2

MANILA, Philippines — The House youth and sports committee on Wednesday considered a legislation that would provide retired Filipino olympians with a lifetime monthly pension

Jokic, Nuggets tame Wolves to go up 3-2

MANILA, Philippines – Ryuji Suzuki and Maurysse Abalos shone brightly in the Junior Philippine Golf Tour Luzon Series, pulling off thrilling victories in the 8-10

Meralco rates up this month

MANILA, Philippines — The shearline and easterlies may bring rains over parts of the country today, according to the Philippine Atmospheric, Geophysical and Astronomical Services

Citicore Renewable IPO pushed back to June 7

MREIT [MREIT 12.80, down 1.2%; 380% avgVol] [link] announced that it has applied to the SEC to approve a property-for-share swap transaction with its parent company, Megaworld [MEG

Meralco rates up this month

Citicore Renewable Energy Corporation [CREC 3.88 pre-IPO] [link] pushed its IPO back one week to June 7, with a revised offer period between May 27 and

Tit for tat

MANILA, Philippines — Social media users who uploaded a deepfake audio recording of President Marcos are facing cybercrime charges filed by a group of social

Tit for tat

MANILA, Philippines — Social media users who uploaded a deepfake audio recording of President Marcos a re facing cybercrime charges filed by a group of

Tit for tat

MANILA, Philippines — Social media users who uploaded a deepfake au dio recording of President Marcos are facing cybercrime charges filed by a group of

Tit for tat

MANILA, Philippines — Social media users who uploaded a deepfake audio recording of President Marcos are facing cybercrime charges filed by a group of social

Zaragosa, Sarines share JPGT lead

MANILA, Philippines – A historic double crown is here for National University’s taking. And without an inch of hesitation, the Bulldogs and the Lady Bulldogs

NAIA escalators to be fixed by June

MANILA, Philippines — Haharap sa reklamong libelo at cyber libel ang ilang personalidad matapos diumano magkalat ng disinformation tungkol kay dating Sen. Sonny Trillanes IV, isa

PVL to hold 1st-ever rookie draft

MANILA, Philippines — Patuloy na nanawagan sa Korte Suprema ang isang transport group na harangin ang pagpapatupad ng kontrobersyal na public utility vehicle modernization program

Red Bull 3×3 cagefest wraps up Manila stop

MANILA, Philippines – Philippine Christian University-Dasmariñas and University of Batangas crowned themselves the men’s and women’s champions, respectively, in the 1st PG Flex-Universities and Colleges

FMEFT halted due to broken price tracker

MANILA, Philippines — Filipinos impressed Irish singer-songwriter Niall Horan so much that he repeatedly praised them during his return to the Philippines after six years. The

OceanaGold falls 6% in first day of trading

Citicore Energy REIT [CREIT 2.83, up 0.3%; 345% avgVol] [link] and MREIT [MREIT 12.96, up 0.1%; 96% avgVol] [link] declared their Q1 dividends on Monday, while Filinvest REIT [FILRT 2.93,

The week ahead

OceanaGold PH [OGP 12.50, down 6.2%; 100% avgVol] [link] dropped a little over 6% in its first day of trading, falling P0.82 from its P13.33/share IPO

DepEd eyes Saturday classes

For many of us, th e dark memory of the COVID-19 pandemic still lingers, as if 2020 was just yesterday, and I’m sure many will

DepEd eyes Saturday classes

For many of us, the dark memory of the COVID-19 pandemic still lingers, as if 2020 was just yesterday, and I’m sure many will agree

DepEd eyes Saturday classes

For many of us, the dark memory of the COVID-19 pandemic still lingers, as if 2020 was just yesterday, and I’m sure many will agree

DepEd eyes Saturday classes

For many of us, the dark memory of the COVID-19 pandemic still lingers, as if 2020 was just yesterday, and I’m sure many will agree

Waffling

MANILA, Philippines — Malacañang yesterday reminded the public that the identification cards for its service fairs are free and no payment is needed to access

Waffling

MANILA, Philippines — Malacañang yesterday reminded the pu blic that the identification cards for its service fairs are free and no payment is needed to

Waffling

MANILA, Philippines — Malacañang yesterday reminded the public that the identification cards for its service fairs are free and no payment i s needed to

Waffling

MANILA, Philippines — Malacañang yesterday reminded the public that the identification cards for its service fairs are free and no payment is needed to access

PNP probes ‘data breach’

MANILA, Philippines — In daily life, modern plumbing plays a pivotal role, facilitated by a commit ment to innovation and the use of high-quality materials,

PNP probes ‘data breach’

MANILA, Philippines — In daily life, modern plumbing plays a pivotal role, facilitated by a commitment to innovation and the use of high-quality materials, ensuring

PNP probes ‘data breach’

MANI LA, Philippines — In daily life, modern plumbing plays a pivotal role, facilitated by a commitment to innovation and the use of high-quality materials,

PNP probes ‘data breach’

MANILA, Philippines — In daily life, modern plumbing plays a pivotal role, facilitated by a commitment to innovation and the use of high-quality materials, ensuring

Ardina ties for 13th as Guce falters

MANILA, Philippines – First-time PVL champion Bea De Leon said there was no intention to provide the finishing blow against her former team Choco Mucho

Bolts sweep past Road warriors

LOS ANGELES – Tyrese Haliburton scored 20 points and the Indiana Pacers dismantled the New York Knicks, 121-89, on Sunday (Monday Manila time) to level

Scroll to Top