Business

By Riza Lozada Businessman Manuel V. Pangilinan-led conglomerate Metro Pacific Investments Corp. (MPIC) has increased its investment on its planned takeover and rehabilitation of the Metro Rail Transit Line 3 (MRT-3) to P20 billion from P12 billion initially.

By Gia Catimbang Fujitsu manufacturer PFU Ltd. expressed pride that its Fujitsu line of image scanners reached 10 million in global shipments as of last July.

By Hananeel Bordey Metrobank Foundation Inc. named this year’s winners and new members on the roster of Metrobank Arts and Design Excellence (MADE), now on its 33rd year, held last September 21 at the Le Pavillion, Metropolitan Park, Pasay City.

By Gia Catimbang Global technology brand Lenovo recently introduced its #CitizensofTMRW campaign featuring a revamped line of laptops and convertibles.

By Riza Lozada The government plans to issue its first renminbi-denominated debt instruments or so-called Panda bonds this year while discounting any plan to issue other debt instruments overseas, National Treasurer Rosalia de Leon said.

The policy-making Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) has banned Cabanatuan City Rural Bank Inc. from doing business in the country.

International credit card issuer Visa launched recently its financial literacy program Lukot-lukot, Bilog-bilog (Crumpled, Rounded), a theatrical play targeted to teach students the importance of informed financial decisions.

The 50th Credit Surety Fund (CSF) Program was launched last Oct. 2 in Cauayan City, Isabela to mark a new milestone for the program.

The House of Representatives is considering the amendment of the Real Estate Investment Trust (REIT) Act, Bohol Representative Arthur Yap said.

By Riza Lozada The property market is expected to sustain its growth momentum on the back of a robust economy and strong investor confidence, a global real estate consultancy firm said.