Category: Business
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Stocks fall as uncertainties remain
The local stock market fell further as investors remain cautious amid uncertainties at the local front and overseas.
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SEC to list PERA-eligible securities
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.
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ERC to physically inspect NGCP facilities
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.
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BSP drafts new rules for real time payment system
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.
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Eagle Cement profits dip on higher costs
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.
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DOE offers 20-year RE supply contract
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).
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Dominguez denounces ‘BIR pabaon drive’ for him
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.
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CTS Global profits drop amid volatile markets
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.
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PICPA: The professional organization of CPAs
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.
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Converge ICT to buy back P6.5-B shares of Coherent Cloud
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.
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Inspiro partners with Microsoft for digital transformation
Local business process outsourcing (BPO) provider Inspiro has partnered with Microsoft for its three-year digital transformation program.
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City and Land Developers, Incorporated Notice of Annual Stockholders Meeting
City & Land Developers, Incorporated will be holding their Annual Stockholders' Meeting (ASM) virtually with details to participate listed here.
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Euro-Med Laboratories Phil. Inc.’s Notice of Annual Stockholders Meeting
Euro-Med Laboratories will be holding its annual Shareholders' Meeting virtually on June 15, 2022 with details to participate listed here.
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EEI Corporation’s Notice and Agenda of Annual Stockholders’ Meeting
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.
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ECOP to ink new partnership with Confederation of Danish Industry
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.
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DTI: Online sellers must give discount to seniors/PWDs
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.
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PLDT added to sustainability-based equity fund holdings
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.
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PH only ASEAN nation with negative growth car production in Q1
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.