Companies

The fast developing digital economy of the country presents more opportunities for data and privacy sharing which may it necessary for local firms to embrace technology to increase sales, a report of software firm SAP showed. The SAP Digital Experience Report said half of respondents in a local survey indicated that they are delighted with the digital experiences from companies. …

Food and beverage firm RFM Corp. is embarking on an aggressive expansion overseas to further boost its profit targeted to reach P1.1 billion this year. 

The local stock market index managed to stay above the 8,000 level last Friday as the downturn across regional markets weighed on the bourse. The Philippine Stock Exchange index (PSEi) lost 76.95 points, or 0.95 percent, to 8,025.35 from the previous day’s 8,102.30 finish. 

Ayala Land Inc. (ALI) was named a Most Honored Company by New York-based Institutional Investor in its 2016 All-Asia Executive Team survey, as it ranked among the top in a list of over 1,500 Asian companies cited for corporate leadership and investor relations expertise.

Local fastfood giant Jollibee Foods Corp. (JFC) plans expand into new territories in Europe next year, as it embarks on an aggressive expansion both locally and internationally in a bid to increase sales from the overseas business over the next seven years.

The Anti-Money Laundering Council (AMLC) will still require the reporting of distribution of dividends and interest on investments as part of its mandate to look into suspicious transactions but the reporting for these can now be deferred based on a new resolution, Philippine Stock Exchange (PSE) president Hans Sicat said. Sicat said AMLC issued Resolution 48, series of 2016, which …

Telecommunications giant Globe Telecom has signed an agreement with the government to support the creation of a new nationwide emergency hotline number, which is 911, to replace Patrol 117.

On July 15, Victoria International Container Terminal (VICT), a unit of local port operator International Container Terminal Services Inc. (ICTSI) signed a syndicated loan facility worth Australian $398 million (approximately $300 million) with seven leading global financial institutions, namely: Citibank N.A., KFW IPEX-Bank, Standard Chartered Bank as Mandated Lead Arrangers and Bookrunners, Bank of China Limited, DBS Bank Ltd., Investec …

The Department of Labor and Employment (DOLE) is now conducting a comprehensive review of subcontracting practices among companies, Labor Secretary Silvestre Bello III said.

The Villar group’s retail arm All Value Holdings Corp. will invest P1.2 billion as capital expenditure to bring total AllHome appliance and furnishings stores to 20 by the middle of next year, optimistic about growth prospects of the home-improvement business.