Business

State bank regulator Philippine Deposit Insurance Corp. (PDIC) announced the appointment of banker Anita Linda Aquino as a member of the PDIC board. 

Local thrift banks will explore ways to increase their presence in remote areas of the country during a convention slated on March 14, at the Dusit Thani Hotel in Ayala Center, Makati. 

The Department of Finance (DOF) has approved a new revenue regulation (RR) that makes banks, rather than taxpayer, liable for delays in, or non-remittance of, taxes paid through credit, debit or prepaid cards. 

By Riza Lozada  The Securities and Exchange Commission’s (SEC) shelf registration program has drawn some of the biggest companies to apply for more than P100 billion in planned bond floats.

Telecommunications and digital services provider PLDT Inc., through its Home, Enterprise and International Carrier Business Groups, and Smart Communications, sealed a partnership with TV5’s multi-platform, multi-discipline production outfit, D5 Studio, Voyager Innovations’ digital marketing solutions arm, VYGR Digital Agency, and PLDT’s Big Data Organization, Partner Analytics and Customer Experience, or PACE (formerly Talas Data Intelligence, Inc.) through the signing of …

Local builder Atlantic, Gulf and Pacific Company (AG&P), which now focuses on LNG infrastructure solutions including LNG terminals and supply chains, and Hindustan LNG (HLNG), an LNG import terminal development company based in India, have signed a memorandum of understanding (MOU) to supply natural gas to power stations in the East Godavari region of Andhra Pradesh, India.

Listed cement manufacturer Cemex Holdings Philippines Inc. (CHP) reported a P2.69 billion profit last year as sales of cement pick up amid the construction boom.

The recent gross domestic product (GDP) growth results and the robust projections for the Philippines for several years continue to bolster the Philippines’ reputation as one of the region’s economic tigers.

By Riza Lozada  Union Bank of the Philippines (UnionBank) sees the consumer market as a profit driver this year as a result of the steady growth in the economy. 

Former National Treasurer Roberto Tan was sworn into office as the new president of the Philippine Deposit Insurance Corp. (PDIC) by Finance Secretary Carlos Dominguez at the Department of Finance (DoF) office recently.