The Securities and Exchange Commission (SEC) has revoked the certificate of incorporation of Chiyuto Creative Wealth Documentation Facilitation Services for operating an unauthorized investment program that resembles a Ponzi scheme. The SEC Enforcement and Investor Protection Department...
SL Agritech Corporation (SLAC), the leading producer of hybrid rice seeds and premium rice in the Philippines, has been assigned a high issuer credit rating of PRS Aa (corp.), with a Stable Outlook by Philippine Rating Services Corporation (PhilRatings). PhilRatings said the rating was given...
Jobs in the services sector are on the rise in the Philippines, according to the latest report by LinkedIn, the world’s largest professional network. LinkedIn 2021 Jobs On The Rise Report for Southeast Asia showed that the jobs on the rise in the Philippines are digital content specialist,...
Despite the COVID-19 lockdowns last year, PLDT's Home business has almost doubled its installation capability todate, with 9 million homes passed, and is on track to quicken the pace, the telco today (Jan. 28) announced. Currently, PLDT's fiber-to-the-home (FTTH) broadband services reach 48 per...
Globe’s recently acquired professional and managed services arm, Cascadeo, won Managed Services Provider (MSP) of the Year at the Channel Partner Insight Innovation Awards 2020. “Whether it's in the US or in the Philippines, Cascadeo sets the benchmark that today's best services are powered...
Alsons Consolidated Resources, Inc. (ACR) is planning to raise P2 billion from the issuance of commercial papers (CPs) as the first tranche of its new commercial paper program of up to P3.0 billion. In relation to this, Philippine Rating Services Corporation (PhilRatings) said it has assigned...
Shared services provider Asticom Technology, Inc., wholly owned by Globe Telecom Inc., is launching its first subsidiary, Asti Business Services, Inc. (ABSI) in a bid to climb on top of the P11.250 billion Information Technology-Business Support Office (IT-BSO) market and be a regional player...
Despite the persistence of COVID-19 pandemic, which has been causing an increase in water consumption, government authorities and utility firms are confident that there will be no water crisis in the coming months, especially in summer. “We can assure of sufficient water supply for summer this...
Year-Ender The maritime sector handles 90 percent of global trade. No wonder, hell broke loose when most international borders slammed shut in March. Port operators wrestled with congestion although the ports stayed open. “Throughout these lockdowns, all of our ports – without exception...
Having an important role in helping boost recovery during this pandemic, Small Business Corporation (SBCorp), the financing arm of the Department of Trade and Industry (DTI), was assigned a high Issuer Credit Rating of PRS A minus (corp.). Philippine Rating Services Corporation...
Amid the popularity of the Philippines neighboring countries to foreign investors, Trade and Industry Secretary Ramon M. Lopez has called on American investors to take a closer look at its most loyal ally in southeast Asia and make the Philippines their natural investment destination. Lopez made...
SM Prime Holdings Inc. is planning to raise up to P10 billion from the issuance of bonds representing the second tranche of its Three-year Shelf Registration Debt Securities Program (DSP) of up to P100.0 billion Philippine Rating Services Corporation (PhilRatings) said it has assigned the...
