Companies

State housing loan agency Pag-IBIG Fund and the government-run Development Bank of the Philippines (DBP) recently inked a partnership to use DBP’s electronic banking facility, internet payment gateway, and prepaid card for easier and faster payment and collection processes for the Fund. 

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. 

The Manila International Container Terminal (MICT), the flagship operation of global port operator International Container Terminal Services Inc. (ICTSI) achieved record volume and productivity with its first year-to-date two million twenty-foot equivalent unit (TEU) volume of cargos moved last December.

Local fast food giant Jollibee recently opened its 1000th store at BGC Triangle Drive in Taguig City. 

Globe Telecom’s business technology arm recently joined the Department of Trade and Industry’s (DTI) Negosyo Fair through Globe myBusiness Academy, a free learning session that educates independent business owners on marketing trends, increasing revenues, and discovering new solutions to stay competitive in the digital age. 

By Riza Lozada The Philippine Stock Exchange index (PSEi) closed at 7,843.16 on the last trading day of June, marking a 14.7 percent increase for the PSE index in the first six months which market players attributed to the reform thrust of the government. 

JG Summit Holdings Inc. (JGSHI) has increased its capital expenditure (capex) to P48 billion for this year up 13 percent from last year’s P41.9 billion. 

Listed A Brown Co. Inc. has entered into a cooperation agreement with private institution Rusatom International Network (RAIN) recently.