Business

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. 

The Department of Finance (DOF) is pushing the merger of the Philippine Export-Import Credit Agency (PhilEXIM) with other state-run guarantee firms to create a new single entity that would provide fresh funds for a new government guarantee system. 

The Bangko Sentral ng Pilipinas’ (BSP) policy-making Monetary Board (MB) will have two new members while the term of current MB member and former Socioeconomic Planning Secretary Felipe Medalla has been extended for another six years. 

The Board of Investments (BOI) recently approved San Miguel Foods Inc.’s (SMFI) application for registration as a producer of whole dressed chicken and further processed chicken parts (marinated and deboned) for its two proposed meat processing plants in Sta. Cruz, Davao del Sur and Pagbilao, Quezon. 

A marketing and communications expert at the Department of Trade and Industry (DTI) with a sterling record in handling major tourism projects in Mindanao is working closely with the Department of Finance (DOF) in handling the preparations for the 2018 annual meeting of the Asian Development Bank (ADB) Board of Governors to be held in Manila.

By Riza Lozada The Philippine Stock Exchange index (PSEi) closed at 7,843.16 on the last trading day of June, marking a 14.7 percent increase for the PSE index in the first six months which market players attributed to the reform thrust of the government. 

JG Summit Holdings Inc. (JGSHI) has increased its capital expenditure (capex) to P48 billion for this year up 13 percent from last year’s P41.9 billion. 

Listed A Brown Co. Inc. has entered into a cooperation agreement with private institution Rusatom International Network (RAIN) recently.