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Bond issuances decline by 53 percent in 2023
Government and corporate bond issues tumbled by more than half last year amid a challenging environment including high interest rates......»»
Pharma firm denies pyramid scheme, admits doctor incentives
Bell-Kenz Pharma Inc. Chief Executive Officer Luis Raymond Go described the claims as “misinformation” and said the firm, owned by a group of doctors, adhered to government allegations. .....»»
Marcos denies family’s ill-gotten wealth anew, accuses critics of propaganda
Marcos sought to downplay well-documented evidence that the late dictator Ferdinand Marcos Jr. had stripped government coffers of at least $5 billion and that his family acquired millions-worth of stolen loot that they even took with them to exile in Hawaii......»»
10th ID bashes Canadian gov’t for travel advisory vs Mindanao
The 10th Infantry Agila Division (10ID) of the Philippine Army criticized the Canadian government for issuing a travel advisory against all parts of Mindanao, which includes their area of responsibility. Major Mark Anthony Tito, spokesperson for the 10th ID, emphasized that the regions under their jurisdiction are peaceful and free from terrorism and violent threats, contrary to the Canadian embassy's advisory. The division oversees 12 provinces, seven cities, and 72 municipalities in various parts of Mindanao. Tito expressed bewilderment at the basis of the travel advisory, asserting that the Canadian government lacks awareness of the actual situation on the ground. He highlighted the peaceful nature of the entire Davao Region throughout 2023, with no recorded incidents of terrorism or insurgency. Despite the exclusion of Davao City from the advisory, Tito noted that the region would still be impacted. The Canadian embassy's advisory warned its citizens to avoid visiting Mindanao due to ongoing terrorism, civil unrest, kidnapping, high levels of violence, and encounters between rebel forces and government security authorities. Specific provinces and regions were singled out for caution or non-essential travel, including Northern Mindanao, Soccsksargen, and Eastern Mindanao. Contrary to the advisory, the 10th ID has been actively weakening and eliminating guerilla forces within its jurisdiction as part of the Philippine Army's efforts to establish an insurgency-free zone. In fact, on October 27, 2023, the Davao Region celebrated its first anniversary as an insurgency-free region in the Philippines. This dispute has led to other related stories, including the Chamber's intention to engage in discussions with the Canadian government regarding the travel advisory, as well as refutations from the Mindanao Development Authority (MinDA) and celebrations of the Davao Region's insurgency-free status by the Regional Peace and Order Council. In summary, the 10th ID vehemently opposes the Canadian government's travel advisory, citing the peaceful and secure nature of the regions under their jurisdiction, and highlighting the significant strides made in eradicating insurgency in the Davao Region......»»
The challenges and opportunities of listing bonds in the Philippines
It is definitely much easier for Philippine Stock Exchange-listed companies to list on the bond exchange, because the internal corporate clean-up and housekeeping that companies undergo before listing on the PSE already suffice as prerequisites to listing on the bond exchange. Similarly, the public disclosures made by PSE-listed entities already satisfy the PDex-imposed requirements before a company can list on the bond exchange......»»
Navigating brand activism
The Philippines is experiencing a notable shift in corporate practice and behavior, reflecting a broader, global movement toward brands that are not just about profits but are deeply engaged in societal, environmental, and political dialogue. This change stems from a growing desire and demand among consumers for companies to contribute more meaningfully to societal welfare, pushing the boundaries of traditional business roles......»»
BIR files raps vs firm over P200 milion fake receipts
The Bureau of Internal Revenue yesterday filed before the Department of Justice criminal charges against the corporate officers and an accountant of a trading company for allegedly using P200 million worth of fake receipts......»»
BIR files rap vs accountancy firm tagged in P200-M worth of fake receipts
The Bureau of Internal Revenue (BIR) filed criminal charges against corporate officers and an accountant of a trading company for using more than P200 M worth of fake receipts......»»
A Cebuano food delivery rider’s pursuit of respect, fair wage
CEBU CITY, Philippines – A few years back, Naohde Vasyon had a stable corporate job that allowed him to earn up to P30,000 per month. But he was enticed to quit his job and instead join a popular delivery service platform because of the “tempting benefits” that were offered to him. Vayson, 55, has been.....»»
Banks see higher loan demand in Q2
Philippine banks are projecting a higher loan demand from both corporate and household borrowers in the second quarter amid a rosier economic outlook and more attractive financing terms from lenders......»»
Eastern Communications grows market share to 6 percent
Eastern Communications is banking on the growing demand for corporate connectivity to further increase its market share, as it plans to maximize new assets to attract customers in underserved areas......»»
‘SM Green Finds x Zarah Juan’s Tarp Project: Weaving sustainability into the fabric of retail’
In an era where environmental consciousness is not just a trend but a necessary shift toward sustainability, initiatives like SM Green Finds stand out as models for responsible corporate behavior......»»
LRT-1 operator names new execs
The MVP Group continues to shake up the corporate ladder, this time with the appointment of new executives at Light Rail Manila Corp......»»
TikTok Shop Launches TikTok Shop Business School to Help Digitize Filipino Entrepreneurs
TikTok Shop launched TikTok Shop Business School, a comprehensive one-day program for Filipino entrepreneurs that aims to equip them with the skills to grow their businesses in the digital sphere. The full-day program, which 50 TikTok Shop entrepreneurs attended, was comprised of master classes on Corporate Strategy and Business Model with Kim Lato, Founder and […].....»»
Mystery guy humingi ng ‘sorry’ kay Jayda, idinaan pa sa billboard
SINO kaya ang mystery guy na humihingi ng “sorry” sa singer-actress na si Jayda Avanzado? Agaw-pansin kasi ang giant billboards na nakabandera sa ilang lugar, kabilang na ang nasa EDSA Guadalupe, Galleria Corporate Center sa Ortigas at sa may Marcos Highway sa Cainta, Rizal. Ang mensahe sa billboard, “Sorry Jayda, naduwag ako.” Baka Bet Mo:.....»»
Palarong Pambansa 2024 earns support from Mandaue, Cebu business leaders
CEBU CITY, Philippines– The Cebu Chamber of Commerce & Industry (CCCI) and the Mandaue Chamber of Commerce & Industry (MCCI) will give out their full support to the organizers of the upcoming Palarong Pambansa 2024 scheduled in July. In a meeting last March 18 at the board room of the Aboitiz Corporate Center, CCCI President.....»»
Stocks snap losing streak
Investors yesterday ended the week pushing the market back in the win column, as they finished pricing in the impact of the inflation uptick in February and a number of corporate results......»»
Women’s Month begins at SM Supermalls
In line with its commitment to women’s empowerment and gender equality, SM Supermalls, through its corporate social responsibility arm, SM Cares, launched this year’s Women's Month celebration with a series of events championing a safe, inclusive and enabling environment for women......»»
DigiPlus allots P100 million for corporate outreach
Listed retail gaming provider DigiPlus Interactive Corp. is raising five-fold its planned spending on various projects and initiatives that provide support to important causes through the BingoPlus Foundation......»»
Stock traders to keep track of inflation, earnings data
Investors will keep a close eye on the country’s inflation data and the release of more corporate earnings results this week to serve as catalysts for a potential climb back to the 7,000 mark......»»