The Beta Epsilon Sigma (BES) Fraternity and the Hiyas ng Silangan (HNS) Sorority, honor societies of the University of the East (UE), celebrate their 50th year since their creation in January 1966. These two elite organizations were founded by Joe-Santos Bisquera and Jeanette Lim-Evangelista, respectively. 

By Riza Lozada The Securities and Exchange Commission (SEC) has approved the extension of the effectivity of financial statements from 135 to 180 days to align with regional standards as part of the Association of Southeast Asian Nations (Asean) market integration.

By Riza Lozada The Power Sector Assets and Liabilities Management Corp. (PSALM) recently met with representatives of Mindanao electricity distributors to assess the supply of electricity from power plants in the region.

Listed PetroEnergy Resources Corp’s (PERC) unit PetroWind Energy Inc. (PWEI) has secured the Renewable Energy Payment Agreement (REPA) for its 36-megawatt (MW) Nabas-1 wind power project in Nabas, Aklan. The Repa took effect December 22, 2015.

China Banking Corp.(China Bank) and the China Banking Corporation Employees Association (CBCEA) reached a new collective bargaining agreement (CBA) amounting to P511 million covering 2015-2017, among others, providing salary increases, insurance coverage, medicine and tellers’ allowances. The union members, according to the bank’s disclosure, unanimously ratified the CBA on November 28, 2015. The new CBA is China Bank’s 24th in …

BEIJING—China has created three new military bodies as part of reforms to modernize its military—the world’s largest standing force—and improve its fighting capacity. 

By Jerry Maglunog  Alarmed by complaints that many banks’ automated teller machine (ATM) cards, including those of universal banks (unibanks), are not being honored outside the country, the Bangko Sentral ng Pilipinas (BSP) said it will look into the international clearing connections between local banks and their foreign partners.

The Cabinet-level Development Budget Coordination Committee (DBCC) maintained the government’s two to four percent inflation target range for this year up to 2018.

By Luis Leoncio Water-service concessionaire Manila Water was recently recognized as one of the top corporate social responsibility (CSR) advocates in Asia by the Asia Corporate Excellence and Sustainability Awards (Aces), a regional award-giving body that values and recognizes services and achievements of national and international small-scale and large-scale businesses for their significant contributions in the communities and the world. 

By Riza Lozada Santa Lucia Land Inc. (SLI) has listed P3 billion worth of fixed-rate peso bonds with an option for over-subscription of up to P2 billion in the Philippines Dealing Exchange (PDEX) platform, the company reported to the bourse.