Business

By Riza Lozada Filipinos working abroad can look forward to having a bank dedicated to their needs and a chance to invest in government securities as the Department of Finance (DOF) said a state-owned OFW bank will open in October while at least $500 million worth of US-dollar OFW bonds is being planned for overseas issue next year. 

The Bangko Sentral ng Pilipinas (BSP) has launched Credit Surety Funds (CSFs) in Tacloban City and Mandaue City. 

By Riza Lozada Listed companies had a combined net income of P683 billion in 2016, higher by 17.8 percent from P580.15 billion in 2015 as a result of improved business operations and lower costs, Philippine Stock Exchange (PSE) data showed. 

After an absence of three years, flag carrier Philippine Airlines (PAL) resumed daily services to Kuala Lumpur, Malaysia on June 8. 

Georgian ports need to improve their services and logistical connectivity to maintain the country’s position as a key transit corridor for the Caucasus, Jacob Gulmann, ICTSI Europe, Middle East and Africa Business Development Director, said during his presentation at the 6th Black Sea Ports Conference and Exhibit held last May 18 to 19 at the Sheraton Batumi Hotel in Adjara, …

The Insurance Commission (IC) is considering to place troubled pre-need firm Provident Plans International Corp. under rehabilitation unless it shows effort to improve its finances. 

Top lender BDO Unibank has extended and expanded its partnership with international financial technology provider Fiserv Inc. 

By Riza Lozada The government is receiving higher shares from state firms and agencies as three government-owned and controlled corporations (GOCCs) remitted recently a total of P4.54 billion to the National Treasury. 

The Bangko Sentral ng Pilipinas campaign on the demonetization of the old banknote series was selected as one of the three finalists under the category Best Communications Program in the 2017 Excellence in Currency Awards of the International Association of Currency Affairs (IACA). 

Asian conglomerate San Miguel Corp. (SMC) officially inaugurated its 7.7-km elevated NAIA Expressway Phase II project (NAIAx), which is currently providing ease of access to and from the country’s busiest gateway, during a late night ceremony onsite that saw the government’s economic managers touting its thrust to further build on the country’s gains via its “Build, Build, Build” program.