Business

Transport network company Uber’s operations in the Philippines was among those hit in a massive data breach involving 57 million users worldwide dating back to October 2016.

By Riza Lozada The Ramon S. Ang-led Eagle Cement Corp (EAGLE) has embarked on its plans to raise its production capacity to 9.1 million metric tons with the recent ground breaking of its fourth production line in Malabuyoc, Cebu.

By Riza Lozada Listed Alsons Consolidated Resources Inc. (ACR) has partnered with Global Business Power Corporation (GBP) to undertake energy and power projects through its Mindanao power generation unit Alsons Thermal Energy Corp. (ATEC).

By Riza Lozada Many banking systems in Asia Pacific are still exposed to elevated levels of private sector leverage, although the buildup of such leverage has slowed, Moody’s Investors Services (Moody’s) said in a report.

By Riza Lozada The Asian Development Bank’s (ADB) board has approved a $300 million (P15 billion) loan and a $500,000 (P25 million) technical assistance grant to support the government’s efforts to develop the domestic capital market to help finance infrastructure.

Investors continue to consider the country as a sweet spot,  government officials and company executives said during the Euromoney Philippine Investment Forum.

State-owned Development Bank of the Philippines (DBP) recently received the Visa Inclusive Growth Award 2017 for its role in promoting financial inclusion in the country.

By Riza Lozada The Philippine Stock Exchange Inc. (PSE) net profit for the first nine months increased 45.9 percent to P707.35 million from P484.71 million a year ago.

The Philippine Stock Exchange, Inc. (PSE) named Aboitiz Power Corp. (APC) and Deutsche Regis Partners Inc. (DRPI) as winners of the 2017 PSE Bell Awards for Excellence in Corporate Governance for listed companies (LCs) and trading participants (TPs), respectively.

Hino Motors Philippines (HMP), the exclusive distributor of Hino trucks and buses in the Philippines, with the assistance of Hino Davao, recently completed two mobile kitchens for the Davao City government.