Business

By Riza Lozada State-owned Development Bank of the Philippines (DBP) was named small and medium enterprises (SME) Bank of the Year in the The Asian Banker – Philippine Country Awards for 2017 during ceremonies held last October 6, at the Fairmont Hotel in Makati City. The awards ceremony was held in conjunction with the region’s most prestigious retail banking event, …

Logistics firm Lalamove, which has been marking strong growth in Southeast Asia and China, with a strong presence in Manila, has recently completed its latest $100M (P5 billion) Series C funding round.

Listed lender Security Bank Corp (SBC), the country’s fifth largest private bank in terms of assets and capital as of June 30, has launched its initial tranche of long term certificates of deposit (CDs) last October 17 in line with the Bangko Sentral ng Pilipinas’ (BSP) approval to issue CDs dated October 5.

International container port operator International Container Terminal Services, Inc. (ICTSI) posted record productivity at its flagship Manila International Container Terminal (MICT) in the Philippines for August and September with equipment operators achieving their monthly targets.

By Riza Lozada Integrated energy company Semirara Mining and Power Corp. (SMPC) has tripled its first half royalty payments to the Department of Energy (DOE) to P1.69 billion from P575 million a year ago. The surge in government remittances was driven by the SMPC’s increased production and expanding operations. The company is targeting an annual coal production of 16 million …

Property giant Megaworld Corp. will expand its office space inventory by 500,000 square meters to meet strong demand over the next three years owing to the country’s sustained economic growth.

F resh business graduates should become “servant-leaders” by helping impoverished communities develop micro and small enterprises that will serve as catalysts for growth and save society’s marginalized sectors from the poverty trap, Finance Secretary Carlos Dominguez III said.

By Riza Lozada The Department of Science and Technology (DOST) has launched a lending program to assist Filipino inventors called the “Innovation and Technology Lending Program” or “I-TECH”.

The Department of Trade and Industry (DTI) and the Association of Southeast Asian Nations (Asean) Japan Center (AJC) co-sponsored a seminar entitled “Changing Trade and Investment Landscape in ASEAN and the Philippines” to highlight the importance of global value chains and non-equity mode (NEM) in the growth of Philippine exports.

By Riza Lozada The Philippine Payments Management, Inc. (PPMI), which was established to facilitate electronic payments, will assist the Bangko Sentral ng Pilipinas (BSP) in implementing initiatives for the National Retail Payment System (NRPS).