The Department of Finance (DOF) has directed the Government Service Insurance System (GSIS) and the Land Bank of the Philippines to assist the Philippine Crop Insurance Corp. (PCIC) in managing the risks and enhancement of its investment portfolio. Finance Secretary Carlos G. Dominguez III said the...
Globe-Telecom_CNNPH (2) The pandemic gives businesses the opportunity to rebuild in a more environmentally sustainable way, via “The Great Reset”. This was emphasized by Microsoft Corporation's Chief Environmental Officer Lucas Joppa at the 12th Leadership Innovation Forum (Lead-In) of Globe...
Construction giant EEI Corp. is hiring over 10,000 skilled workers next year to fast track completion of its current and future projects. EEI Corporation In a statement, EEI Corp. Vice President for Human Resources Management, Reynaldo Dizon, said the listed firm would be running on sustained high...
The Philippine economy will likely get back into its previous growth path by the end of next year, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. In the November issue of the Market Call, FMIC and UA&P said business optimism...
San Miguel Corp.’s Luzon Clean Water Development Corporation (LCWDC) was cleared to increase water rates in areas covered by the Bulacan Bulk Water Supply Project (BBWSP). In a statement, Metropolitan Waterworks and Sewerage System (MWSS) announced that LCWD will impose a P0.35 centavos per cubic...
The Philippine Amusement and Gaming Corp. (Pagcor) has urged overseas Filipinos not to patronize online cockfight betting games that are considered illegal offshore operations. In a statement, the country’s gaming regulator said on Thursday, Nov. 18, said that E-sabong websites that are...
The Securities and Exchange Commission (SEC) has approved three public share offerings -- Figaro Coffee Group, Inc., Citicore Energy REIT Corp. (CREIT) and, Arthaland Corporation -- worth almost P15 billion. Figaro initial public offering will consist of up to 1.26 billion common shares priced at...
Finance Secretary Carlos G. Dominguez III instructed the Philippine Crop Insurance Corp. (PCIC) to identify and explain its sources of funds and corresponding uses to better understand its financial status and ensure that its premium subsidies paid for by taxpayers are spent well. Dominguez said...
Marcventures Holdings Inc. (MHI) consolidated income during the first nine months of the year surged to P790.31 million, a 384.32 percent increase from the P163.18 million the company had in the same period last year. This is amid the robust third quarter performance of the firm’s subsidiary,...
The International Finance Corp. (IFC) is investing in a social bond to be issued by Ayala Corp.’s foreign subsidiary that will fund the development of an integrated health ecosystem in the country. The IFC, a member of the World Bank Group, said on Thursday, Nov. 11, that it invests $100 million...
NLEX patrol crews manage traffic at Balintawak during Undas The high growth of radio frequency identification (RFID) use combined with traffic management operations eased the usual surge of "Undas" holiday-goers throughout the NLEX-SCTEX, CAVITEX, C5 LINK, and CALAX system, the Metro Pacific...
The SM Development Corporation (SMDC) is truly proving to be “the Good Guys” in more ways than can be described. From a macro perspective, its president, Jose Mari Banzon, has declared that there will be no letup in the company’s commitment to invest heavily, and help solve the housing and...
