Author: MB Business
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Mindanao Star Bus retains old board
Mindanao Star Bus Transport Inc. (MSBTI) has re-elected Leo Rey V. Yanson as chairman of the board and president during the recent stockholders’ meeting. Also re-elected as members of the board are Ginnette Y. Dumancas, Charles M. Dumancas, Rey C. Ardo and Arvin John V. Villaruel.
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Skyway 3 opening rites set January 14
San Miguel Corporation (SMC) is set to fully open all seven lanes of the 18-kilometer Skyway Stage 3 elevated expressway from the South Luzon Expressway in Alabang to the North Luzon Expressway, after official ceremonies on January 14, Thursday afternoon.
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Emirates appoints new PH Country manager
Emirates has appointed Jaber Mohammed as the new Country Manager for the Philippines, charged with the responsibility of leading the airline’s operations, driving growth and strengthening Emirates’ footprint in the country. This comes as part of the airline’s management rotations to support its commercial strategies. Jaber was previously Emirates’ Area Manager – Taiwan since 2016.
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Three in a row – MR D.I.Y. wins its third World Branding Award!
Homegrown retailer from Malaysia, MR D.I.Y. Group (M) Berhad has done it again, emerging a winner at this year’s World Branding Awards! Winning the coveted national tier Brand of the Year in Retail – Home Improvement Category 2020-2021, this marks the first time a home improvement retailer has won this distinguished award for three consecutive years.
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P/$ rate closes at P48.020/$1
The peso closed higher at P48.020 to the US dollar Monday, the first trading day of the year from P48.023 on December 29, 2020.
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P/$ rate closes at P48.023/$1
The peso closed higher at P48.023 to the US dollar on Tuesday the last trading day of the year from P48.055 the previous day. The weighted average rate appreciated to P48.021 from P48.036. Total volume amounted to $731.25 million, according to the Bankers Association of the Philippines.
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Kasambuhay sa Pagbangon: Nestlé Philippines employees reach out to typhoon-ravaged communities
The employees of Nestlé Philippines recently held a voluntary fund-raising initiative for the benefit of fishing communities across Albay, Catanduanes, and Camarines Sur, who have lost homes and livelihoods in the aftermath of typhoons Rolly and Ulysses.
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PetroSolar enters PEZA awards’ Hall of Fame
PetroSolar Corporation (PSC) was elevated to the Hall of Fame of PEZA Awards for winning the Outstanding Community Project Award for three consecutive years from 2017 to 2019. The awarding ceremony was held on December 10, 2020 in Pasay City.
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Pakistan terminal welcomes new PS2 service
ICTSI’s Pakistan International Container Terminal (PICT) recently welcomed the inaugural call of the newly launched Pakistan – United Arab Emirates (PS2) Service.
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Forum highlights Malayan Insurance Relevant Protection
The Coronavirus disease 2019 (Covid19) may have turned the globe upside down, but this did not deter insurance companies like Malayan Insurance Co. Inc. from continuing to provide relevant services towards Philippine business and families. Instead of celebrating Malayan’s 90th founding anniversary this 2020, Mr. Paolo Y. Abaya, Malayan’s president and chief executive officer pursued strategies and executed campaigns to innovate and improve the customer experience for Malayan’s clientele. He observed that “the key for business resilience would be innovation and execution of well-thought out plans, which has kept us in this business for nine wonderful decades,” Abaya said.
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Dale Sison Cabrera, 67
Dale Sison Cabrera, an engineer and formerly undersecretary at the Office of the President – Office of the Cabinet Secretary (OP-OCS), died unexpectedly on Tuesday, December 15, 2020, at the age of 67, at the Cardinal Santos Medical Center, in San Juan City, Metro Manila.
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CREBA joins Mayor Gatchalian’s bid to end traffic mess at NLEX
The largest group of real estate developers and other stakeholders in the housing sector has joined the bid of Valenzuela City Mayor Rex Gatchalian to urgently end the traffic mess caused by the RFID toll booth systems saying the actions taken so far by the local chief executive are both commendable and decisive not only for his constituency but also for the millions of motorists who have been suffering for many years.
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P/$ rate closes at P48.05/$1
The peso closed higher at P48.05 to the US dollar today from P48.07 last Friday.
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Gov’t eyes citizen groups to audit COVID-19 related expenses
The government through its auditing agency is set to improve its systems to regulate coronavirus-related expenses.
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CLI declares 122% stock dividends
Cebu Landmasters, Inc. (CLI) announced that its Board of Directors approved the issuance of stock dividends amounting to 122 percent of its current outstanding shares. This represents 1,900,000,000 common stocks to be issued from the company’s unrestricted retained earnings as of Sept. 30, 2020. The company disclosed the announcement to the Philippine Stock Exchange.
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Pag-IBIG postpones hike of decades-old contribution rate
After consulting with labor and employer groups, Pag-IBIG Fund will defer the January 2021 increase of its members’ monthly contributions. This is in considerationof the plight of both workers and business owners during the pandemic, officials said on Friday (Nov. 27).
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NGCP donates over P 37 M to provinces ravaged by typhoons
Following the passage of destructive triple typhoons, including the world’s strongest typhoon for 2020, Typhoon Rolly (international name Goni), NGCP commenced relief and restoration efforts to hard-hit provinces in Luzon.
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P/$ rate closes at P48.05/$1
The peso closed higher at P48.05 to the US dollar Tuesday from P48.06 last Friday. he weighted average rate appreciated to P48.11 from P48.085. Total volume amounted to $722.6 million, according to the Bankers Association of the Philippines.