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Ralph Recto sworn in as new Secretary of Department of Finance
House Deputy Speaker Ralph Recto [link] was sworn in as the new Secretary of the Department of Finance on Friday, replacing the former Secretary, Benjamin Diokno, in a move that has been seemingly in the works for quite some time......»»
Ralph Recto named as new Finance secretary
In a statement, Senate President Juan Miguel Zubiri said that he welcomes Recto’s appointment as the new Finance chief, remarking that Recto was known in the Senate as the “resident numbers genius.”.....»»
Dito ramps up operations
After investing nearly $1 billion to build up its network and as it nears its compliance by the fifth year of its operations to provide the mandated 84 percent connectivity to its target population by the middle of this year, Dito Telecommunity is ramping up commercial operations to finally monetize and gain it rightful share of the market, according to Eric Alberto, president and CEO of Dito......»»
Restarting Business Operations After a Break
Taking a break from business operations can be a double-edged sword. While a hiatus, due to the recently concluded Holy Week, for example, may provide much-needed time for rejuvenation; the prospect of reigniting the flame and resuming operations can be daunting. However, with the right mindset and strategic approach, this transition can serve as the […].....»»
NTC orders SMNI to stop operations indefinitely
MANILA, Philippines — The National Telecommunications Commission (NTC) has ordered an indefinite suspension of the operations on Sonshine Media Network International (SMNI) radio and television stations. In an order dated Jan. 18, the NTC ordered Swara Sug Media Corporation, the business name of SMNI, to cease and desist its operations pending a hearing and final.....»»
New finance chief eyes carbon tax
Newly installed Finance Secretary Ralph Recto is pursuing the tax reform proposals of his predecessor, starting with the imposition of a carbon tax in a bid to generate additional revenues and address environmental concerns......»»
Metrobank eyes return to offshore debt market
Metropolitan Bank & Trust Co. is returning to the offshore debt market to raise at least $500 million to diversify the bank’s funding sources and support its operations......»»
BPI raises $400 million from offshore debt market
Bank of the Philippine Islands has raised $400 million after successfully tapping into the offshore debt market for the first time since 2019......»»
2GO bulks up operations with new vessel
2GO Group Inc., a subsidiary of Sy-led SM Investments Corp., is going full speed ahead on its expansion, bolstering its operations with the addition of a new vessel for travel and logistics......»»
Airspeed expands operations with the opening of a new healthcare facility
Airspeed expands operations with the opening of a new healthcare facility.....»»
Apex Mining must be held accountable, says Lumad group
DAVAO CITY (MindaNews / 13 February)—An indigenous group has condemned Apex Mining Company for their apparent neglect of their workers and demanded that the firm be held accountable for the casualties during the February 6 landslide in Masara. “Why did Apex Mining company continue its 24-hour mining operations, using three shifts of workers, during the […].....»»
BTS agency files complaint against subsidiary head over breach of trust
The South Korean agency behind K-pop sensation BTS on Thursday filed a legal complaint against its powerhouse subsidiary's head for allegedly orchestrating a plan to break away from the parent company......»»
Megaworld raises P500 million from sale of MREIT shares
Real estate giant Megaworld Corp. is poised to ramp up its development pipeline with the P500 million proceeds from the sale of its shares in real estate investment trust company MREIT Inc......»»
Sy family invests P5 billion in Megawide affiliate
The Sy family is once again playing a big brother role to a company led by businessman Edgar Saavedra, this time investing in Megawide’s affiliate renewable energy real estate investment trust......»»
MREIT income climbs in 2023
MREIT Inc., the real estate investment trust company of Andrew Tan-led Megaworld Corp., reported a 13 percent expansion in distributable income to P2.8 billion last year......»»
Off-White™ opens door in NUSTAR Cebu City
Cebu City, February 15th — Off-White™ is happy to announce that Virgil Abloh’s legacy is celebrated yet again in the Philippines, by the launch of Off-White™ Cebu in NUSTAR Resort Cebu. Opening to the public on 18th February 2024, Off-White™ Cebu will be the third branch of the beloved brand in the country following the.....»»
Marcos names UP economics professor as finance undersecretary
President Marcos has appointed University of the Philippines Economics associate professor Renato Reside as undersecretary of the Department of Finance, the Presidential Communications Office announced yesterday......»»
E-notice provision, other amendments to SARFAESI, DRTA in pipeline to streamline debt recovery
By Vishu AdhanaNew Delhi [India], March 19 (ANI): The Ministry of Finance has constituted a committee to determine further amendments to the SARFAESI and DRT Acts, including providing legal cover to e-notice for expeditious debt recovery, sources in the ministry said. The committee held several meetings and discussions are in the "advanced stage," sources told ANI. Last month, the finance ministry held extensive discussio.....»»
Ralph Recto’s game plan
On March 20, 2024, at the Fairmont Hotel ballroom, the Manila Overseas Press Club holds its “Finance Night” with Finance Secretary Ralph G. Recto as guest of honor and speaker......»»
SEC strengthens push for sustainable finance
The Securities and Exchange Commission has reinforced its push for sustainable finance through the adoption of the country’s taxonomy guidelines......»»