Business

The Department of Trade and Industry’s Design Center of the Philippines sees Philippine design steadily rising into the international design scene as locally-made eco-friendly motorcycle Green Falcon lands in Worth Global Style Network’s Design Futures Report.

State-owned Land Bank of the Philippines (Landbank) has offered to buy Singapore Exchange Ltd.’s (SGX) 20 percent stake, or 1.25 million shares, in the Philippine Dealing System Holdings Corp. (PDSHC) at P350 apiece.

Political concerns in the US continue to worry investors resulting in the risk-off sentiment even in the Philippine equities market Thursday but the Philippine peso remained strong against the greenback.

The American Chamber of Commerce of the Philippines (AmCham) has welcomed the record-high foreign direct investment (FDI) that the country posted in 2017.

The Philippines is set to launch its planned RMB 1.46 billion-worth Panda bond soon, Finance Secretary Carlos Dominguez III said.

Metropolitan Bank & Trust Company (Metrobank) has priced its stock rights offer at P75 per rights share, as it aims to raise P60 billion in fresh capital to grow its loan portfolio and support other strategic business initiatives.

SM Foundation and its partners in the recently concluded medical mission at SM Mall Fairview signed a Memorandum of Agreement that guarantees a regular quarterly healthcare program for the benefit of tens of thousands of SM Group’s employees and their dependents.

International Container Terminal Services, Inc. (ICTSI) reported audited consolidated financial results for the year ended 31 December 2017, posting revenue from port operations of US$1.244 billion, 10 percent higher compared to US$1.128 billion in 2016; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$578.0 million, 10 percent better than the US$525.1 million generated the previous year; and net income …

Lahug, Cebu City – In pursuit of its commitment to provide quality and excellent health services to the community it serves, the SM Foundation undertook the renovation of the Lahug Health Center to better address the health concerns of the residents of Brgy. Lahug.

Caltex, marketed by Chevron Philippines Inc. (CPI), starts 2018 pumped up for strong growth by opening its 20th service station in the last six months, making safe and quality fuels and lubricants available to more motorists nationwide.