The Senate unanimously approved on third and final reading the bill seeking to amend certain sections of the Philippine Deposit Insurance Corp. (PDIC) Charter, and make it an attached agency of the Bangko Sentral ng Pilipinas (BSP). Voting 23-0-0, the Senate passed during its hybrid plenary session...
A joint report by First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) raised their growth forecast for 2022 to 7.0 percent from 6.0 percent stating the economic recovery is back on the fast growth lane. In the January issue of the Market Call, FMIC and UA&P...
The Anti-Money Laundering Council (AMLC) has recognized the Philippine Amusement and Gaming Corp. (PAGCOR) for its contribution in fighting money laundering and financing of terrorism. In a statement, the government’s gaming regulator and operator said it received commendation from AMLC for its...
nlex-1024x576 After serving over 119 million motorists last year, NLEX Corporation is enhancing its systems for better customer service in 2022, the toll operator announced. The initiative includes installing Radio Frequency Identification (RFID) early detection feature, along with software...
Manulife Investment Management and Trust Corp. (Manulife IM Philippines) launched a new unit investment trust fund (UITF) focused on the technology sector. Manulife Global Technology Equity Feeder Fund will offer a growth-oriented, professionally managed and diversified approach to investing in the...
Universal Robina Corporation (URC), the food and beverage unit of JG Summit Holdings, has installed solar panels on its facilities in Thailand as part of its environment-friendly push in the Philippines and overseas. In a statement, URC said its Thailand subsidiary has finished installing solar...
Guji Lorenzana Ingrooves Music Group, a world leader in music distribution, marketing and technology, has named Guji Lorenzana Country Manager of the Philippines. The company’s continued expansion into Asia includes signing the Philippines-based Curve Entertainment label to a global distribution...
The National Reinsurance Corporation of the Philippines (Nat Re), the country’s national reinsurer, capped 2021 with various awards from several organizations. In a statement, the firm said it was honored at the recent InsuranceAsia News Awards for Excellence 2021, Nat Re was named ASEAN...
Despite the challenges of the ongoing pandemic, NLEX Corp. completed twelve projects in 2021 and is planning at least three more for this year, according to its President and General Manager, J. Luigi L. Bautista. “Continuous improvement will always be our priority," said Bautista. media "As the...
The Philippine Dealing System Holdings Corp. (PDS) plans to launch the country’s first-ever digital corporate bond next month as part of its initiatives to utilize digital technologies to deepen the domestic capital market. In a report to the Capital Market Development Council (CMDC), Antonino...
The Manila Bulletin (MB) bagged three awards in the 43rd Catholic Mass Media Awards (CMMA) print category for Best Digital Ad Public Service, Best Opinion Column, and Best Editorial Cartoon in an awarding ceremony held on Sunday, Dec. 26, 2021. Manila Bulletin Publisher Herminio “Sonny” Coloma...
Pilipinas Shell Petroleum Corp. has partially paid its back taxes to the Bureau of Customs (BOC), the Department of Finance (DOF) announced on Tuesday, Dec. 28. Finance Secretary Carlos G. Dominguez III confirmed that BOC has received P1.7 billion from Pilipinas Shell, accounting for around half of...
