Beverages tycoon Alfredo Yao's Philippine Business Bank (PBB) posted an 18.8 percent growth in net income to P1.03 billion in the first half of 2024, compared to the P869.2 million generated in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the bank said...
“SKR passed away; please come at Bancom‘s celebration of SKR’s life,” the text of Nenette Zapanta Lee, Bancom’s former Corporate Affairs and Communications officer. So, who is SKR? Sixto K. Roxas, or SKR, was a brilliant economist, a trailblazer, and the founder of Bancom...
Resolutions, petitions, and appeals, not to mention reactions of disgust and frustrations, snowballed following this corner’s breaking piece on the seemingly underhanded manner by which the immediate past president of Chicago-based Rotary International (RI) Gordon R. McInally to cancel holding...
In recent months, Italian prosecutors have uncovered alarming practices within the luxury goods industry, specifically targeting Dior, a subsidiary of LVMH, and Giorgio Armani. Documents revealed that Dior paid subcontractors a mere $57 to produce handbags that retailed for approximately $2,780....
Globe Business brings together the brightest minds and influential leaders from key sectors at GSummit 2024, transforming the Marriott Grand Ballroom into a dynamic center of innovation, insights, and collaborative opportunities. The premier on-ground event, with its theme "CONNECTED," highlights...
In Asia, one can confidently declare that Singapore is the best in most aspects. Becoming independent only in 1965, Singapore only has 700 square kilometers of land area and almost without resources then: water, energy, and people. Today, in the 2023 statistics, it has the highest ASEAN per capita...
President Marcos wants the processing of business permits in local government units (LGUs) to be done in only 10 minutes. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Anti-Red Tape Authority (ARTA) Undersecretary Geneses Abot disclosed that the 10-minute processing time...
Cebu-based Top Line Business Development Corp. (Topline) is pursuing robust expansion on its core business in the fuel industry, primarily to meet the growing needs of retail as well as commercial end-users in its main market in the Visayas. According to Topline Chairman Erik Lim, who is also the...
As I’ve hinted, the Philippines will request the Chicago-based RI Board of Directors to reconsider its withdrawal of Manila as the city of choice for the June 2028 convention. Yes, Virginia, it’s official. The Philippines is no longer the host country. And it’s such a disappointment for...
Last week, the Financial Executives Institute of the Philippines (FINEX) joined seven other business organizations in calling for a total ban on Philippine Offshore Gaming Operations (POGOs). The joint statement supported the nationwide ban that Finance Secretary Ralph Recto and National Economic...
The pendulum of market sentiment swings back and forth between the "be afraid" mindset and the belief that "the coast is clear." In human psychology, we know there’s such a thing as confirmation bias. People want to hear only what they want to hear; they believe in information that is consistent...
“Buenaventura, who?” is the latest tittle-tattle circulating in the banking community. Bankers and market players enthusiastically talk about veteran banker Gil A. Buenaventura as the seventh member of the Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas (BSP)....
