Companies

Filipinos lose track of almost half of their average weekly expenses due to what is termed as mystery spending, according to a recent online survey from Visa.

By Riza Lozada The Philippine Business Bank (PBB) is targeting to increase its reach in the country through a merger with Insular Savers Bank Inc. (Isbi) and the acquisition of Bataan Savings and Loan Inc. PBB informed the Philippine Stock Exchange that it will hold a special stockholders meeting on December 18 to seek approval for the planned acquisition and …

Malayan Insurance, the country’s No. 1 non-life insurance company, together with Willis Limited, an insurance broking and risk consultancy firm, recently conducted a forum on the fundamentals of art insurance. 

Net capital flows to emerging markets in 2015 will be negative for the first time since 1988, the Institute of International Finance (IIF) said in a report. 

Globe Telecom Inc. has signed a 10-year, P5-billion and seven-year term loan with Metrobank, which it intends to use for capital expenditures (capex). 

By Riza Lozada Postharvest losses of the fishery sector is estimated at P20 billion a year, but this can be mitigated through the strict implementation of the Republic Act 10654 that limits commercial fishing, Dennis Calvan, executive director of NGOs (non-governmental organizations) for Fisheries Reform Inc., said. 

Subic Bay International Container Terminal Corp. (SBITC), a unit of global port operator International Container Terminal Services Inc.(ICTSI), recently received and commissioned three new reach stackers and 16 new Kalmar Ottawa terminal tractors. 

By Riza Lozada The Philippine Exporters Confederation Inc. (Philexport) sought from the Philippine National Police (PNP) clear rules on the securing of permits for the importation and distribution of regulated chemicals. 

The Market Monitor salutes the contributions to the Philippines industrial landscape, of one of the pillars of the construction industry – the late Felipe F. Cruz Jr., who, unknown to many, subscribed to the wisdom of Abraham Lincoln. 

By Jerry Maglunog The power sector and infrastructure remain the most promising investment destination in the country because of the huge backlog in power and the continuing increase in population.