The first commercial flight of the world’s first dual-class turboprop airplane took off last August 1 from Mactan International Airport bound for Caticlan and Clark, marking Philippine Airlines’ (PAL) serious reassertion of its domestic market dominance. 

The regulator Metropolitan Waterworks and Sewerage System (MWSS) approved recently a 1.12% increase or a 28-centavo per cubic meter increase in the Foreign Currency Differential Adjustment (FCDA) for the third quarter of this year for East Zone concessionaire Manila Water Co. 

Listed Phoenix Petroleum was named Outstanding Filipino Franchise in Retail-Large Store Category in the 2017 Franchise Excellence Awards (FEA), the second time for the company to receive the prestigious award. 

By Riza Lozada The Sy group-led Banco de Oro Unibank Inc. (BDO) hopes to raise P5 billion through the issue of 5.5-year Long-Term Negotiable Certificates of Deposit (LTNCD) with an indicative interest of of 3.5 to 3.75 percent per annum. 

Oriente and Express Holdings Inc., a Hong Kong-based unit of JG Summit Holdings Inc. (JGSH), through an exclusive partnership, seeks to address the financial exclusion problem of underbanked consumers and local micro, small and medium enterprises (MSMEs). 

State-owned Development Bank of the Philippines (DBP) and the Bases Conversion Development Authority (BCDA) recently signed a memorandum of understanding (MOU) for a partnership in support of the infrastructure buildup targeted under the Duterte administration’s “Build, Build, Build” program. 

The Department of Finance (Dof) has sanctioned an official found to have included her personal expenses in the official costs of a recently-held DOF technical workshop funded by the Asian Development Bank (ADB). 

Strong loans growth boosted Security Bank Corp.’s (SBC) net income in the first half to P5.2 billion from P4.9 billion a year ago. 

As many as 3,000 families displaced by the crisis in Lanao del Sur province’s Marawi City and about 300 soldiers wounded in ongoing military operations there recently received relief goods from the BDO Foundation, the corporate social responsibility arm of Banco de Oro Unibank, as part of its disaster-response advocacy and commitment to serve communities affected by armed conflict. 

The SM Foundation Inc.’s Dualtech technical/vocational scholars were treated recently by their benefactors to watch the latest Transformers movie in 3D IMAX at the SM Mall of Asia in Pasay City. It was a happy occasion for the scholars who expressed their thanks to Henry Sy Sr.