Business NEWS

The local stock market fell further as investors remain cautious amid uncertainties at the local front and overseas.

The Securities and Exchange Commission (SEC) is coming out with a list of equities, bonds, funds and other securities in which Personal Equity and Retirement Account (PERA) funds may be invested.

The Energy Regulatory Commission (ERC) will undertake physical inspection of the facilities as well as audit of operations of transmission firm National Grid Corporation of the Philippines (NGCP) in line with its fifth regulatory reset or before it can approve the new rates for customers.

The Bangko Sentral ng Pilipinas (BSP) is proposing new rules that will govern the operation of its peso real time gross settlement payment system (RTGS PS) to ensure a trouble-free flow of funds.

Eagle Cement Corporation saw its net income dipped three percent to P1.66 million during the first quarter of the year from P1.72 billion in the same period of 2021 as the increase in revenue was offset by the inflationary input cost pressures.

The Department of Energy (DOE) will be offering 20-year power supply contracts to the winning bidders of renewable energy (RE) capacity projects to be conducted next month under the green energy auction program (GEAP).

Finance Secretary Carlos G. Dominguez III has received reports that some Bureau of Internal Revenue (BIR) personnel have allegedly harassed a number of businesses to raise money for the Department of Finance (DOF) chief’s parting gift.

Listed stock brokerage firm CTS Global Equity Group, Inc. reported a 29.9 percent drop in net income to P20.1 million in the first quarter of 2022 due to weaker revenues.

The Philippine Institute of Certified Accountants (or PICPA) is the professional organization of Certified Public Accountants (or CPAs) in the Philippines.  It has been awarded five times as Professional Regulation Commission’s most outstanding Accredited Professional Organization (APO) among other professional organizations.  PICPA was founded in November 1929 by a group of illustrious pioneers in the accounting profession. W. W. Larkin, holder of CPA Certificate No. 1, is PICPA’s first president.  PICPA was established primarily to promote and maintain high professional and ethical standards among accountants, advance the science of accounting, develop and improve accountancy education, encourage cordial relations among accountants, and protect the Certificate of Certified Public Accountant granted by the Republic of the Philippines.

Converge ICT Solutions Inc. has approved a share buyback program of P6.5 billion from Coherent Cloud Investments, as part of its objective to increase shareholder value.

Local business process outsourcing (BPO) provider Inspiro has partnered with Microsoft for its three-year digital transformation program.

City & Land Developers, Incorporated will be holding their Annual Stockholders' Meeting (ASM) virtually with details to participate listed here.

Euro-Med Laboratories will be holding its annual Shareholders' Meeting virtually on June 15, 2022 with details to participate listed here.

the 2022 Annual Stockholders’ Meeting of EEI CORPORATION will be held on June 24, 2022, at 3:30 P.M. at Yuchengco Institute for Advanced Studies. Details to participate are listed here.

The Employers Confederation of the Philippines (ECOP) concluded its implementation of a project on “Strengthening Bipartite Relations at the National and Enterprise Levels” in partnership with its counterpart organization in Denmark, the Confederation of Danish Industry (DI). The project, which started in 2018, sought to institutionalize a functioning bipartite mechanism for joint policy positions at the national level and further enhance labor-management relations among unionized companies. A Leaders Forum (LF), consisting of the heads of the country’s largest labor federations and business organizations, was established for this purpose.

The Department of Trade and Industry (DTI) will require all online stores and shopping platforms to include a feature that will provide the mandated discount for persons with disabilities (PWDs) and senior citizens.

PLDT Inc. was included in the ATR Asset Management (ATRAM) Philippine Sustainable Development and Growth Fund (PSDGF), making it the only telco in the fund’s top three holdings.

Motor vehicle production in the Philippines declined by 7.5 percent in the first quarter this year, making it the lone ASEAN country that posted negative growth in the said quarter, data from the ASEAN Automotive Federation (AAF) showed.