Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC), posted a record net income of P2 billion for the first nine months of 2023, outperforming the full-year 2022 profit of P1.8 billion by 12 percent. In a disclosure to the Philippine Stock Exchange (PSE), the bank said it...
The European Chamber of Commerce of the Philippines (ECCP) suggested that waste-to-energy initiatives can help achieve the goals of the Philippine Development Plan (PDP) for 2023 to 2028. At the Economic Journalists Association of the Philippines (EJAP) forum, ECCP Renewable Energy and Energy...
The Securities and Exchange Commission (SEC) is considering extending the deadline of its amnesty program further as representatives of business groups sued for more time before sitting down to discuss their complaint of the higher fees and charges to be implemented. In a press briefing Thursday,...
The Securities and Exchange Commission (SEC) will meet with business groups on Thursday, Oct. 12, to discuss complaints on the proposed revised schedule of certain fees and charges which is deemed too high. In a statement, the SEC welcomed the points and notes the concerns raised by business groups...
Globe Telecom is consolidating its payments-related businesses by selling Electronic Commerce Payments Inc. (ECPay) to subsidiary Globe Fintech Innovations Inc. (Mynt), the parent company of GCash, in a transaction worth P2.31 billion. In a disclosure to the Philippine Stock Exchange (PSE), Globe...
Bank of Commerce (BankCom), the banking arm of conglomerate San Miguel Corporation (SMC), was assigned an Issuer Credit Rating of PRS Aa plus (corp.) with a "Stable Outlook" by Philippine Rating Services Corporation (PhilRatings). PhilRatings said an Issuer Credit Rating is an opinion on the...
Despite economic challenges, British businessmen remained confident in the Philippine economy and growth in bilateral trade, especially on the growing exports of pork and strong interest in the country’s infrastructure. Chris Nelson, Chairman of British Chamber of Commerce of the...
The Anti-Red Tape Authority (ARTA) has expressed its willingness to enter into a memorandum of understanding (MOU) with the Joint Maritime Committee (JMC) of foreign chambers of commerce to expand the reach of the country's Ease of Doing Business (EODB) law to the business sector and the economy....
San Miguel Corporation’s (SMC) affiliate Bank of Commerce (BankCom) booked a 79 percent jump in net profit to P1.59 billion in the first semester of 2023 from the P886.91 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said the results were...
European businessmen believe that the stream of foreign direct investments (FDI) and trade into the Philippines will increase substantially in the coming months and years following increased momentum in interest from EU countries and the brighter prospects for a free trade deal between the two...
A large majority of European companies in the Philippines have prioritized the resumption and successful conclusion of the EU-Philippines free trade agreement talks, a survey by the European Chamber of Commerce of the Philippines (ECCP) showed. Based on the survey, 80 percent of the respondents...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez seized the opportunity Wednesday afternoon, June 21, to highlight the proposed Maharlika Investment Fund (MIF) before members of the American Chamber of Commerce in the Philippines (AmCham). This, as the proposed...
