Landbank exec named OIC of UCPB
A career official at state-owned Land Bank of the Philippines has been appointed officer-in-charge (OIC) of United Coconut Planters Bank. Veteran banker Liduvino Geron assumed the position of UCPB OIC…
Stock index inches up; market optimistic
The local stock barometer yesterday ended slightly higher on selective buying of large-cap stocks. The main-share Philippine Stock Exchange index (PSEi) added 8.58 points or 0.14 percent to close at…
BDO raises P36B from bond offer
The country’s largest lender, BDO Unibank, has raised P36 billion from another big local bond offering that was warmly received by the cash-awash local financial market. In a disclosure to…
Gov’t pushes renewable energy program
The Department of Energy (DOE) is putting stress on the development of geothermal- and hydro-based power generation as it pushes for a renewable energy promotion program with an initial portfolio…
BIR eases tax rules for Pogos to pay, resume operations
The Bureau of Internal Revenue (BIR) has eased some of the tax requirements for Philippine offshore gaming operators (Pogos) to resume operations under a less restrictive COVID-19 community quarantine. Internal…
BSP ramps up campaign to wean more Filipinos off cash transactions
The central bank wants to see more Filipinos making money transactions through electronic payments, given the health risks posed by the coronavirus pandemic to cash transactions. It said, however, that…
MVP firm pushing through with P120B in projects
MANILA, Philippines—Metro Pacific Tollways Corp., one of the country’s biggest toll road operators, is moving forward with a P120 billion pipeline of projects amid the unfolding health crisis. The projects…
Converge ICT applies for P35.9B IPO
Dennis Anthony Uy Fiber internet and other digital service provider Converge ICT Solutions Inc. filed at application at the Securities and Exchange Commission for an initial public offering (IPO) worth…
Mostly from China: P244-M worth of smuggled PPEs, fake medicines seized during height of COVID-19 lockdown
MANILA, Philippines — Despite the health crisis inflicted by COVID-19, some unscrupulous importers tried to take advantage and brought in over P244 million in smuggled or fake personal protective equipment…
SMC opens Mandaluyong COVID-19 testing hub
Sec. Vince Dizon undergoing COVID-19 testing at SMC’s new lab Conglomerate San Miguel Corp. inaugurated on Friday a new coronavirus (COVID-19) testing laboratory in Mandaluyong with an initial capacity of…