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...
AyalaLand Logistics Holdings Corporation (ALLHC) reported a 117 percent jump in consolidated net income to P402 million for the first nine months of 2021 on strong industrial lot sales. In a disclosure to the Philippine Stock Exchange, the firm said its consolidated revenues grew 12 percent to P2.6...
The Philippine economy may likely outperformed pessimistic forecasts for the third-quarter following the the sterling performance of the manufacturing sector, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. In the October issue of...
Universal Robina Corporation, the food and beverage unit of JG Summit Holdings Inc., reported a 40 percent jump in attributable net income to P10.52 billion for the first nine months of 2021 from the P7.5 billion earned in the same period last year. In a disclosure to the Phiippine Stock Exchange,...
State-run Philippine Amusement and Gaming Corp. (Pagcor) posted a contraction in revenues in the first nine-months of the year, missing its target for the period. Based on the Pagcor’s third-quarter budget performance report, its income from gaming operations declined by 0.21 percent to P22.28...
San Miguel Corp. (SMC) emerged as Top Employer of the Year at the 2021 Asia CEO Awards—at a time dominated by continuing challenges brought on by the COVID-19 pandemic. In a statement, SMC said it bested other major Philippine conglomerates across several criteria, including outstanding...
As part of its drive to improve broadband services, diversified telecommunications firm PT&T Corporation recently secured its first ISO 9001:2015 certification of Quality Management System (QMS) and expects to receive a second by end of 2021, the company announced. PTT-logo PT & T President...
The Japan Ground Self-Defense Force (JGSDF) has just capped a 10-day Humanitarian Assistance and Disaster Relief (HA/DR) training with the Philippine Marine Corps (PMC) at Naval Station Leovigildo Gantioqui, San Antonio, Zambales. (Photo from Embassy of Japan) The activity was conducted from Sept....
The Sun Life Investment Management and Trust Corp. (SLIMTC) has appointed global financial giant Citi as its middle office service provider in the Philippines. In a statement, Mike Enriquez, SLIMTC president said the mandate made Citi the first bank in the country to onboard a middle office client,...
The National Reinsurance Corp. of the Philippines (Nat Re), the country’s national reinsurer, was recognized by the Institute of Corporate Directors (ICD) for good corporate governance practices. Allan R. Santos, Nat Re president and chief executive officer said the company bagged two Golden...
