Business

The declaration of martial law in Mindanao has not, in any way, affected the operations of Alsons Power, the company’s chairman and president Tomas Alcantara said. 

Telecommunications giant Philippine Long Distance Telephone Co. (PLDT) said it has sustained its leadership in the Enterprise market as its revenues reached P8.5 billion for the first quarter, up 13 percent from last year’s P7.55 billion, driven by strong demand for data and information and communications technology (ICT) services. 

Listed property developer Double Dragon (DD) targets to raise at least P6.5 billion from the issuance of the second tranche of its fixed rate retail bonds. 

Chinese banking giants dominated business bible Forbes’ 15th annual Global 2000 list.

By September, overseas Filipino workers (OFWs) will have a bank of their own. 

Bank regulator Philippine Deposit Insurance Corp. (PDIC) has resumed its deposit insurance and liquidation operations in the closed Rural Bank of Barotac Viejo (Iloilo), Inc. (RB Barotac Viejo) following the expiration on May 20, 2017 of the Temporary Restraining Order (TRO) and/or Status Quo Ante Order (SQAO) issued against its move. 

By Riza Lozada  The country’s largest Filipino-owned life insurance company, The Insular Life Assurance Co. Ltd reported a robust 179 percent growth in consolidated net income to P4.9 billion in 2016 as a result of higher gains from sale of shares of stocks and properties, investment income and earnings of the company’s affiliates. 

By Riza Lozada  The Securities and Exchange Commission (SEC) has suspended 104 erring lending companies in the first four months of 2017, and will revoke the primary licenses of those on this list that fail to have their suspension orders lifted by May 22. 

Cement firm Eagle Cement Corp. priced the initial public offer (IPO) of its shares at P15 each. 

Broadcast giant ABS-CBN Corp. reported P9.6 billion in consolidated revenue for the first three months as consumer sales grew by 10 percent to P4.7 billion while its first quarter airtime revenues were 13 percent lower compared to the same period last year.