Business

Bond yields in emerging East Asian markets fell between December 31 and mid-February despite the risk of accelerated pace of interest rate hikes in the United States (US), the Asian Development Bank’s (ADB) latest Asia Bond Monitor said.

Union Bank of the Philippines (UnionBank) received two Golds and one Silver at the recent 52nd Anvil Awards for its key corporate social responsibility (CSR) programs that seek volunteerism among its team members, conversion of micro, small and medium enterprises (MSMEs) into e-commerce, and heritage conservation of the nation’s history through digital methods. 

By Riza Lozada Conglomerate LT Group Inc. (LTG) booked a 42-percent increase in profit in 2016, driven mainly by banking, tobacco and beverage businesses with a net income of P9.39 billion last year from P6.6 billion in 2015.

Food manufacturer Del Monte Pacific Limited (Del Mon­te) will conduct a primary offer of up to 15 million preferred shares and up to 10 million in oversubscription option scheduled for listing at the local bourse in April.

International Container Terminal Services Inc.’s (ICTSI) implementation and multi-stakeholder engagement of the 1-Stop Terminal Appointment Booking System (TABS) at the Manila International Container Terminal (MICT) was adjudged the best public relations (PR) program by the Public Relations Society of the Philippines (PRSP).

Listed conglomerate DMCI Holdings Inc. reported a flat core net income for last year of P12.1 billion from P12.3 billion a year ago.

The next central bank head should have a good understanding of the Bangko Sentral ng Pilipinas (BSP) governor’s job, patience and a knowledge of how to work with the BSP which are the top three characters the next BSP chief must have, BSP Governor Amando Tetangco Jr. said.

By Riza Lozada Despite the still weak global economy, cash remittances from overseas Filipino work­ers (OFWs) grew by 8.6 per­cent from last year to $2.17 billion in January 2017, high­er than the Bangko Sentral ng Pilipinas (BSP) target of a four percent growth.

The International Monetary Fund (IMF) said in a report the global economy is showing more positive momentum, but warned that in­ward-looking policies and sharp tightening in global financial condi­tions could threaten the growth momentum.

With the booming economy, social enterprise The Global Filipino Investors Inc. (TGFI) encourages more Filipinos to save and invest their money properly.