Of associations, ecotourism and Uzbekistan
What do associations, ecotourism, and Uzbekistan have in common? Let me tell you the story.
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What do associations, ecotourism, and Uzbekistan have in common? Let me tell you the story.
The latest bond offering of Rizal Commercial Banking Corp. (RCBC) was met with strong demand, generating P16.6 billion from the transaction.
Metro Retail Stores Group Inc. (MRSGI), in partnership with Vicsal Foundation Inc. (VFI), launched the First Virtual Metro Community Bazaar, which runs until July 31.
The Bank of the Philippine Islands (BPI) registered a 15-percent decline in net earnings during the first half as it further hiked provisions for credit losses.
The Philippines business of Malaysia’s CIMB Group said it expects its deposit balances to grow by 500 percent this year following the recent uptick in the average cash-in per customer.
PXP Energy Corp. is looking forward to a “better half” of 2020 despite the uncertainties brought about by the pandemic and the collapse in global oil prices.
SM Investments Corp. (SMIC) on Wednesday said it filed with the Securities and Exchange Commission (SEC) its P30-billion debt offering under the shelf registration program, half of which will be issued immediately.
Given the continuous hike in Covid-19 cases in the country, Presidential Adviser for Entrepreneurship Joey Concepcion said mass testing is essential to contain the spread of the disease and fast-track the Philippines’ economic recovery.
Total stock market accounts in the Philippine Stock Exchange Inc. (PSE) expanded 12 percent last year to 1.22 million, from 1.08 million in the previous year due to the increase in online accounts.
Laguna-based Cirtek Holdings Philippines Corp. on Wednesday said it reissued P494-million worth of commercial papers maturing on February 18, 2021.
The Iloilo Economic Development Foundation (ILEDF) has called on More Electric and Power Corp. (MORE Power) to implement the necessary “corrective measures” to improve the power distribution service in Iloilo.
Flashback to a children’s party in the Green Meadows Clubhouse in Quezon City in the 1990s: everyone’s having a grand time when Panchito — the late, great comedian popularly known as Dolphy’s sidekick — approached the emcee-clown, Ronald “Sugus” Legaspi, and admiringly said, “Alam mo komedyante ako, pero ‘di ko kaya yung ginagawa mo (You know, I’m a comedian, but I can’t do what you’re doing).”
Engineering conglomerate DMCI Holdings Inc. said it is slashing its capital spending this year by half, with its property unit sustaining the deepest cut, as the company expects its earnings to fall due to the Covid-19 pandemic.
Toyota Motor Philippines Corp. (TMP) recently signed a Memorandum of Agreement with the Department of Health (DOH) in support of the Philippine government’s efforts to address the mobility needs of healthcare workers at this time of the Covid-19 pandemic. TMP announced that it is donating a total of 30 Vios units to various public hospitals in Metro Manila and Laguna.
Emperador Inc., the liquor arm of businessman Andrew Tan, on Tuesday said its whiskey businesses in developed countries and China performed well in the first half of the year.
The Bankers Association of the Philippines (BAP) assured that the country’s financial intermediaries can handle their loan portfolio following the rejection of a Lopez-led firm’s broadcast franchise.
The Land Bank of the Philippines (Landbank) on Tuesday said it released a total of P3.02 billion in loans to help farmers and fishers boost productivity.
The days of aggressively buying Southeast Asian banks appear over for Japan’s biggest lender, which is now focusing on digital investment to reach new customers and streamline
operations.
Property developer Vista Land and Lifescapes Inc. on Tuesday said it raised some $200 million in senior guaranteed notes from the offshore market.
The Department of Public Works and Highways (DPWH) and Metro Pacific Tollways South Corp. (MPT South) are targeting to open a new section of the Cavite-Laguna Expressway (Calax) by the end of 2020.
The Bantayan Island Electric Cooperative (Banelco) on Tuesday said due process was observed in the selection and awarding of a power supply contract to a subsidiary of Vivant Energy Corp.
The Manila Electric Co. (Meralco) said the recent decision of the Supreme Court (SC), which affirmed the directive of the Energy Regulatory Commission (ERC) to implement price controls for the Wholesale Electricity Spot Market (WESM), has protected consumers against higher power generation cost.
Grab said it has expanded its GrabPay service by participating in the Bangko Sentral ng Pilipinas’ (BSP) automated clearing house called Instapay, which allows end-users to send and receive money from different banks and nonbanks in the country.
The country’s sole domestic professional reinsurer considers the A rating it secured from the Philippine Rating Services Corp. (PhilRatings) as reflecting its strong financial characteristics.
By VG Cabuag, Jovee Marie N. Dela Cruz & Butch Fernandez
The Philippine Ports Authority (PPA) has digitalized its port collection system through its newly launched electronic-payment portal (EPP), as it moves to reduce human interaction amid the new normal demanded by the pandemic.
Days before the start of the public offer period for the five-year Retail Treasury Bonds (RTBs), the Bureau of the Treasury raised P20 billion in Treasury Bills
(T-bills) on Monday’s auction as investors continue to put their money on low-risk government securities.
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