By Riza Lozada  The Securities and Exchange Commission (SEC) has approved the initial public offering (IPO) of local investment holding firm Pure Energy Holdings Corp. (PEHC) that the company hopes can raise for it P1.47 billion in new capital. 

The Bureau of Customs (BOC) has certified the Laguna Gateway Inland Container Terminal Inc. (LGICT), the dry port container handling facility of International Container Terminal Services Inc. (ICTSI) in Calamba City, Laguna, as an authorized Off-Dock Customs Facility (OCF). 

Del Monte Pacific Limited (DMPL) listed both in Singapore and the Philippines reported a net income of $8.5 million for its third quarter fiscal year ending January, a turnaround from the net loss of $4.8 million in the third quarter last year. 

The government is exploring the possibility of opening a subsidiary of the Land Bank of the Philippines (LandBank) in Bahrain to cater to the banking needs of overseas Filipino workers (OFWs) living there and facilitate trade and investments between the Philippines and the island-kingdom, Finance Secretary Carlos Dominguez III said. 

The Sy group’s banking arm BDO Unibank (BDO) hit the 1,000-mark in terms of branches nationwide following the opening of another full-service outlet in Davao City last March 20. 

Bond yields in emerging East Asian markets fell between December 31 and mid-February despite the risk of accelerated pace of interest rate hikes in the United States (US), the Asian Development Bank’s (ADB) latest Asia Bond Monitor said.

Union Bank of the Philippines (UnionBank) received two Golds and one Silver at the recent 52nd Anvil Awards for its key corporate social responsibility (CSR) programs that seek volunteerism among its team members, conversion of micro, small and medium enterprises (MSMEs) into e-commerce, and heritage conservation of the nation’s history through digital methods. 

By Riza Lozada Conglomerate LT Group Inc. (LTG) booked a 42-percent increase in profit in 2016, driven mainly by banking, tobacco and beverage businesses with a net income of P9.39 billion last year from P6.6 billion in 2015.

Food manufacturer Del Monte Pacific Limited (Del Mon­te) will conduct a primary offer of up to 15 million preferred shares and up to 10 million in oversubscription option scheduled for listing at the local bourse in April.

International Container Terminal Services Inc.’s (ICTSI) implementation and multi-stakeholder engagement of the 1-Stop Terminal Appointment Booking System (TABS) at the Manila International Container Terminal (MICT) was adjudged the best public relations (PR) program by the Public Relations Society of the Philippines (PRSP).