Business

The Philippine Rating Services Corp. (Phil­Ratings) has given the highest quality rating of PRS Aaa on the P30 billion bond float of con­glomerate JG Summit Holdings Inc. (JGSHI) which produces top brand snack foods and beverages aside from being a developer of malls and condominiums.

By Riza Lozada The Bangko Sentral ng Pilipinas (BSP) is expected to raise policy rates only in the second quar­ter of next year as the inflation rates are expected to remain within gov­ernment target for the rest of the year, an economist of investment bank ING Bank said.

The state-owned Develop­ment Bank of the Philippines (DBP) and the Department of Trade and Industry (DTI) Regions 6 and 11 have forged an agreement for the im­plementation of the Adopt a Negosyo Center Program in Iloilo and Davao which is aimed at addressing the me­dium and long term needs of micro, small and medium en­terprises (MSMEs) to enable them to …

Tax collections from insurance com­panies rose 12 percent in 2015 from the previous year, Insurance Com­mission (IC) data showed.

Major lender Bank of the Phil­ippine Islands (BPI) and West­pac Banking Corp. (Westpac), Australia’s first bank, recently entered into a strategic part­nership to facilitate low cost and fast transfer of funds from Filipinos living in Australia to their families in the Philippines.

Foreign direct investments (FDI)  net inflows reached FDI net in­flows in August 2016 reached $711 million in August, 32 per­cent higher from a year ago.

The Bangko Sentral ng Pilipinas (BSP) has approved listed China Banking Corp.’s (China Bank) plan to issue up to P20 billion in long-term negotiable certificates of time deposits (LTNCD).

Local industries are ex­pected to benefit from the Japan-Philippines Industrial Coopera­tion Initiative forged by the trade and industry depart­ments of Manila and Tokyo.

By Riza Lozada The price of freshly-listed Pil­ipinas Shell Petroleum Corp. shares closed strong on Friday, rising P2.50 to P69.50 each from its initial public offer (IPO) debut of P67 despite the market being at an oversold level.

Century Pacific Food Inc. (CNPF), through unit Centu­ry Pacific Seacrest Inc., recent­ly acquired the license to the Kamayan trademark for North America.