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Ray of sunshine

Just recently, the Philippine Stock Exchange revealed that four local property firms are planning to offer real estate investment trusts or REITs this year......»»

Source: Philstar PhilstarCategory: FinanceJan 16th, 2021Related News

DOE wants gencos to align schedule of plant shutdowns

The Department of Energy urged generating companies (gencos) to align schedules of power plant shutdowns to maintain sufficient supply in the power grid during summer months......»»

Source: Philstar PhilstarCategory: FinanceJan 16th, 2021Related News

Virtual vaccine

One thing can be said about projections and expectations of a rebound, which by 2022 is going to bring us back to pre-pandemic economic levels: It’s not going to be automatic......»»

Source: Philstar PhilstarCategory: FinanceJan 16th, 2021Related News

Lessons from an interview

I enjoyed the interview conducted by David Rubenstein, and his subject at that time happened to be the wealthiest person in the world Jeff Bezos......»»

Source: Philstar PhilstarCategory: FinanceJan 15th, 2021Related News

SEC clears PNB asset transfer

The Securities and Exchange Commission has allowed Philippine National Bank to transfer its low-earning assets to a wholly owned holding firm in a bid to strengthen the bank’s financial position......»»

Source: Philstar PhilstarCategory: FinanceJan 15th, 2021Related News

NTC exceeds 2020 collection target by 53%

The National Telecommunications Commission exceeded its collection target by more than half last year despite the challenges brought about by the COVID-19 pandemic......»»

Source: Philstar PhilstarCategory: FinanceJan 15th, 2021Related News

Ayala vehicle unit plans more launches

The vehicle distribution business of Ayala Corp. is planning to launch at least six vehicle models and open six company-owned dealerships within the year in line with its aim to increase its market share by 2025......»»

Source: Philstar PhilstarCategory: FinanceJan 15th, 2021Related News

Over 50 business groups back passage of CREATE

Over 50 business groups have joined the call for the immediate enactment into law of the Corporate Recovery and Tax Incentives for Enterprises bill, noting every day of delay puts the country at risk of losing more jobs and investments amid the COVID-19 pandemic......»»

Source: Philstar PhilstarCategory: FinanceJan 15th, 2021Related News

MerryMart ventures into wholesale trade

MerryMart Consumer Corp., the grocery chain of tycoon Edgar “Injap” Sia II, is expanding into wholesale operations, competing with other wholesale superstores such as Landers and S&R......»»

Source: Philstar PhilstarCategory: FinanceJan 15th, 2021Related News

Lexus marks 12th year in Philippines

Toyota’s high-end unit, Lexus, is celebrating 12 years in the Philippines – a milestone that represents Filipinos’ trust and satisfaction in the luxury lifestyle automotive brand......»»

Source: Philstar PhilstarCategory: FinanceJan 15th, 2021Related News

AboitizPower keeps lead in generation output

Aboitiz Power Corp. remains the leading power generator in the country, based on latest data from the Department of Energy......»»

Source: Philstar PhilstarCategory: FinanceJan 15th, 2021Related News

Philippines Inc. renews call for passage of CREATE

Businessmen on Friday renewed their call for the passage of the Duterte administration's revised corporate tax reform, saying the measure would serve as companies' main fix to the destruction of the coronavirus pandemic......»»

Source: Philstar PhilstarCategory: FinanceJan 15th, 2021Related News

Holcim to spend P121 million for waste management

Holcim Philippines Inc. will pour in P121.5 million to improve its waste management capabilities......»»

Source: Philstar PhilstarCategory: FinanceJan 14th, 2021Related News

ADB backs innovative partnerships for financing infrastructure projects

The Asian Development Bank is urging developing member countries to explore innovative partnerships to fund crucial infrastructure projects at a time when government resources are challenged by pandemic response......»»

Source: Philstar PhilstarCategory: FinanceJan 14th, 2021Related News

Global body endorses BDO’s Sustainable Finance Framework

BDO Unibank Inc.’s Sustainable Finance Framework has recently been given the endorsement by Sustainalytics, a leading independent environmental, social and governance research and ratings provider based in New York......»»

Source: Philstar PhilstarCategory: FinanceJan 14th, 2021Related News

BSP: Shift to coinless society likely by 2025

The Bangko Sentral ng Pilipinas expects the country to shift to a “coinless” society by 2025, made possible by the rollout of the national ID system that is enabled by quick-response codes......»»

Source: Philstar PhilstarCategory: FinanceJan 14th, 2021Related News

AirAsia launches e-commerce shop in Philippines

Low-cost carrier AirAsia is tapping the country’s huge e-commerce market potential as it brings airasia shop to the Philippines......»»

Source: Philstar PhilstarCategory: FinanceJan 14th, 2021Related News

DA officials reshuffled

The Department of Agriculture reshuffled officials in key positions as part of its strategy to improve the performance of the farm sector this year......»»

Source: Philstar PhilstarCategory: FinanceJan 14th, 2021Related News

EDC starts P1.3 billion expansion of BacMan geothermal plant

Lopez-led Energy Development Corp. has kicked off the construction of the P1.3-billion expansion of the Bacon-Manito geothermal power plant......»»

Source: Philstar PhilstarCategory: FinanceJan 14th, 2021Related News

FMIC/UA& P study shows Philippines to expand up to 6.5% in 2021

The economy can be expected to return to a growth path of 5.5 up to 6.5 percent this year, supported largely by increased remittances from overseas and government spending, according to the investment banking arm of the Metrobank Group......»»

Source: Philstar PhilstarCategory: FinanceJan 14th, 2021Related News