Business

The Board of Investments (BOI) has signed a memorandum of agreement with local companies for the demonstration of the P550 million e-vehicles project of Japan’s New Energy and Industrial Technology Development Organization (NEDO).

Plans to increase wages nationwide to the level of those in the National Capital Region (NCR) should be tempered by productivity gains, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo said.

By Riza Lozada The Anti-Money Laundering Council (AMLC) is requiring financial institutions to conduct enhanced due diligence on clients from high-risk jurisdictions before terminating banking services and advising against arbitrary closure of accounts.

The stock market index weakened more than any other regional stocks last month, completely erasing the rally that had taken place since President Duterte took office in June. 

The Panay Energy Development Corp. and the National Grid Corp. of the Philippines (NGCP) have completed the synchronization of PEDC’s new 150 MW coal fired power plant to the Visayas Grid last August 19 with connection to the NGCP substation in Sta. Barbara, Iloilo.

Ayala Corp. unit LiveIt Investments Limited (LiveIt) has divested its 58.71 percent share in Integreon Managed Solutions Inc. (Integreon Inc.), a global provider of legal support, research and business services to law firms, financial institutions and corporations. 

Phinma Energy Corp. will use a new ticker symbol at the Philippine Stock Exchange (PSE). 

Officials of International Container Terminal Services, Inc. (ICTSI), NYK Auto Logistics Philippines (NALP) and other project partners recently led the ground breaking ceremony on NYK’s pre-delivery inspection and storage facility located at ICTSI-owned land in Barangay Niugan, Cabuyao Laguna.

By Riza Lozada The Bangko Sentral ng Pilipinas (BSP) directed banks last Friday to use the personal identification number (PIN) as the primary cardholder verification method (CVM) for debit cards. 

More than 205 billion e-mails are sent and received each day, but only less than 10 percent of e-mail users can identify regular e-mails from phishing e-mails, which is one of the most popular scams used on the Internet to obtain sensitive personal and financial information.