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Listed firms hike profit as online trade grows

The Philippine Stock Exchange in Makati City. (TMM file photo)

By Riza Lozada Listed companies had a combined net income of P683 billion in 2016, higher by 17.8 percent from P580.15 billion in 2015 as a result of improved business operations and lower costs, Philippine Stock Exchange (PSE) data showed. 

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ICTSI exec cites need for Georgia ports development

At the 6th Black Sea Ports Conference and Exhibit: (from left) Hans-Ole Madsen, ICTSI senior vice president and head of the EMEA region, joins Zurab Pataradze, Adjara Autonomous Republic chairman; Murat Jumadillaye, BSPL director-general; and Rory Doyle, Transport Events Management managing director for the ribbon-cutting ceremony.

Georgian ports need to improve their services and logistical connectivity to maintain the country’s position as a key transit corridor for the Caucasus, Jacob Gulmann, ICTSI Europe, Middle East and Africa Business Development Director, said during his presentation at the 6th Black Sea Ports Conference and Exhibit held last May 18 to 19 at the Sheraton Batumi Hotel in Adjara, …

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IC eyes rehab of pre-need firm

The Insurance Commission (IC) is considering to place troubled pre-need firm Provident Plans International Corp. under rehabilitation unless it shows effort to improve its finances. 

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State firms remit P4.54B to treasury

Facade of the Bureau of the Treasury building in Intramuros, Manila. (Photo: Alvin I. Dacanay)

By Riza Lozada The government is receiving higher shares from state firms and agencies as three government-owned and controlled corporations (GOCCs) remitted recently a total of P4.54 billion to the National Treasury. 

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BSP’s demonetization campaign bags award

story4-foto-A5-banking

The Bangko Sentral ng Pilipinas campaign on the demonetization of the old banknote series was selected as one of the three finalists under the category Best Communications Program in the 2017 Excellence in Currency Awards of the International Association of Currency Affairs (IACA). 

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