A total of 2,290 military healthcare workers have already been inoculated with CoronaVac vaccine from China's Sinovac Biotech Ltd. since the Armed Forces of the Philippines (AFP) began administering jabs against the coronavirus disease (COVID-19), the military has announced. A health worker...
China Banking Corporation (China Bank) is planning to raise up to P100 billion over the next three years to support its strategic initiatives and expansion program. In a disclosure to the Philippine Stock Exchange, the bank said its Board of Directors has greenlighted the conduct of a...
Microsoft has said a state-sponsored hacking group operating out of China is exploiting previously unknown security flaws in its Exchange email services to steal data from business users. The company said the hacking group, which it has named "Hafnium", is a "highly skilled and sophisticated...
China Banking Corporation (China Bank) reported a 20 percent growth in net income to P12.1 billion despite the challenges posed by the pandemic last year. In a disclosure to the Philippine Stock Exchange, the bank said its bigger profits translated to an improved return on equity of 12.1 percent...
SM Investments Corporation (SMIC) registered a net income of P23.4 billion last year, 48 percent lower than the P44.6 billion earned in 2019. Due to the impact of the COVID-19 pandemic, The firm’s consolidated revenues declined to P394.2 billion in 2020 from P502.0 billion in the year before....
China Banking Corporation (China Bank) bagged a Gold Anvil for the success of the Bank’s centennial events and campaigns despite a scaled-back celebration in light of the pandemic. With the theme "Celebrating the Past. Embracing the Future", China Bank’s 100 th anniversary program...
Eight firms under the SM group of companies received Golden Arrow Awards from the Institute of Corporate Directors (ICD) for performing well in the ASEAN Corporate Governance Scorecard (ACGS). In a statement, the conglomerate said this is an assessment benchmarked against international best...
China Banking Corporation has successfully raised P20 billion via the issuance of three-year fixed-rate bonds, the first from a financial institution in the country this year. In a disclosure to the Philippine Stock Exchange, the bank said the issuance is four times the original offer of P5...
The United States under President Joe Biden has reaffirmed its commitment to its alliance with the Philippines amid the new China law that allows its Coast Guard to attack foreign vessels that would ‘intrude’ in the South China Sea. (AFP / FILE PHOTO / MANILA BULLETIN) This comes as two US...
Seven members of the SM Group of Companies, led by flagship SM Investments Corporation (SMIC), clinched 10 awards for their high scores in the recently concluded 2019 ASEAN Corporate Governance Scorecard (ACGS) assessments. For the 2019 ACGS Assessment, three award categories were recognized:...
China Banking Corporation (China Bank) was again one of the top winners in the Philippines at the ASEAN Corporate Governance Scorecard (ACGS) Awards of the ASEAN Capital Markets Forum (ACMF) for the 2019 assessment year. The ACGS Awards is organized by the Securities and Exchange Commission...
A pending legislative measure is seeking to refocus the investment mandate of state-run Philippine National Oil Company (PNOC) into exploration and production (E&P) ventures in the oil and gas sector, and for it to transform itself as a global champion in that industry similar to the...
