President Duterte commended last Friday Aviana Development Corp, a joint venture company of Ayala Land, Inc. and the Alcantara Group of Companies for their commitment to pursue economic development in many parts of the country. 

Property giant Ayala Land Inc. (ALI) won five major awards at the 14th Annual International Business Awards (IBA), also known as the Stevie Awards. 

By Riza Lozada Local banks are expected to continue to grow rapidly over the next two years, thanks to the strong solid economic growth, corporate profitability, low interest rates, and a drop in non-performing loans, ratings firm Standard and Poor’s (S&P) said. 

The Coalition for Better Education (CBE) conferred a Presidential Award to City Savings Bank (CitySavings) last August 5 at Golden Prince Hotel and Suites, Cebu City during its 16th year founding anniversary. 

The Philippine peso is expected to stabilize within this week after signs of recovery last week, Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. said. 

Finance Secretary Carlos Dominguez III has praised the Land Bank of the Philippines’ outstanding employees who received this year’s Gawad Punla awards for their loyalty and dedication, which, he said, have made this financial institution one of the country’s strongest banks and that has thus far been immune from scandals and process failures. 

By Riza Lozada Listed Calata Corp. is selling 81 percent of its total shares to food processing firm Millennial Global Holdings Inc. through subscription to its 2.5 billion shares, in an effort to fend off its removal from the stock exchange. 

Fastfood giant Jollibee Foods Corp. (JFC) posted a net income of P3.38 billion in the first half, up 10.2 percent from P3.06 billion a year ago. 

Building solutions provider Holcim Philippines Inc. expects the needs of the local affordable housing market will guide its plans to introduce products and services that can help stakeholders build quality shelter projects. 

Meralco consumers may soon enjoy 30 percent lower rates as a result of record prices from solar developers.