Business

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. 

By Riza Lozada The Sy group-led Banco de Oro Unibank Inc. (BDO) hopes to raise P5 billion through the issue of 5.5-year Long-Term Negotiable Certificates of Deposit (LTNCD) with an indicative interest of of 3.5 to 3.75 percent per annum. 

Oriente and Express Holdings Inc., a Hong Kong-based unit of JG Summit Holdings Inc. (JGSH), through an exclusive partnership, seeks to address the financial exclusion problem of underbanked consumers and local micro, small and medium enterprises (MSMEs). 

State-owned Development Bank of the Philippines (DBP) and the Bases Conversion Development Authority (BCDA) recently signed a memorandum of understanding (MOU) for a partnership in support of the infrastructure buildup targeted under the Duterte administration’s “Build, Build, Build” program. 

The Department of Finance (Dof) has sanctioned an official found to have included her personal expenses in the official costs of a recently-held DOF technical workshop funded by the Asian Development Bank (ADB). 

Strong loans growth boosted Security Bank Corp.’s (SBC) net income in the first half to P5.2 billion from P4.9 billion a year ago. 

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.