Business

By Riza Lozada The government further relaxed rules on foreign-exchange transactions, raising the amount of foreign that can be bought from local banks without the need for documentation, the policy-making Monetary Board (MB) said.

The Chua Group of Companies, recently inaugurated a new ship repair and shipbuilding facility in Albuera, Leyte.

By Riza Lozada  The local bourse has noted a boom in online stock trading as the number of online stock market accounts continued to grow in 2015, posting an increase of 35.6 percent to 236,669 from the 2014 count of 174,592. Since 2010, the number of online accounts has now registered a 46.1 percent compounded annual growth rate. 

Effective August 1, Cecilia C. Borromeo will serve as officer-in-charge of Land Bank of the Philippines (LandBank), the leading government financial institution that carries out a development mandate anchored on promoting inclusive economic growth especially in the countryside. 

Throwing out the opposition of the Philippine Competition Commission, the Court of Appeals (CA) approved Globe Telecom’s urgent motion to consolidate its petition with Philippine Long Distance Telephone Co. (PLDT).

Brothers Tyler and Tyreke Ang had a fun idea last summer: both signed up as kiddie managers at their favorite jolly place, Jollibee.

The region’s multilateral lender Asian Development Bank (ADB) will have Takehiko Nakao as President for an additional five years beginning this November 24 based on the recent elections held by the ADB board.

The United States needs to show more positive economic performance, otherwise the Federal Reserve (the Fed) has no choice but to hike rates in the near term following the rate cut announcement by the Bank of England (BOE) last Thursday, a local bank said in a report.

The Yuchengco group’s Rizal Commercial Banking Corp. (RCBC) posted an unaudited consolidated net income of P2.61 billion for the first half, 3.3 percent higher than the P2.53-billion net income reported for the same period last year. Core income excluding the cyclical trading gains increased by 59 percent.

BDO Foundation, the cor porate social responsibility arm of BDO Unibank, has rehabilitated Pastrana Rural Health Unit in Leyte in partnership with US-Philippines Society.