Business

By Riza Lozada Globe Telecom is the most awarded telecommunications operator in the first half as a result of a series of recognitions given to the company by various institutions.

Listed budget airline Cebu Pacific has placed a firm order with Airbus for two A330-300s that will join its existing fleet of six A330s flying on long range flights to destinations in the Middle East and Australia, as well on selected domestic and regional routes.

The fast developing digital economy of the country presents more opportunities for data and privacy sharing which may it necessary for local firms to embrace technology to increase sales, a report of software firm SAP showed. The SAP Digital Experience Report said half of respondents in a local survey indicated that they are delighted with the digital experiences from companies. …

Food and beverage firm RFM Corp. is embarking on an aggressive expansion overseas to further boost its profit targeted to reach P1.1 billion this year. 

By Riza Lozada Outstanding loans of commercial banks, net of reverse repurchase placements (RRP), grew by 17.6 percent in June after posting a 17.7-percent increase in May to reflect rising economic activities.

The Ayala-led Bank of the Philippine Islands (BPI) reported a first-half net income of P12.67 billion, up 35.6 percent from a year ago.

The local stock market index managed to stay above the 8,000 level last Friday as the downturn across regional markets weighed on the bourse. The Philippine Stock Exchange index (PSEi) lost 76.95 points, or 0.95 percent, to 8,025.35 from the previous day’s 8,102.30 finish. 

Ayala Land Inc. (ALI) was named a Most Honored Company by New York-based Institutional Investor in its 2016 All-Asia Executive Team survey, as it ranked among the top in a list of over 1,500 Asian companies cited for corporate leadership and investor relations expertise.

Local fastfood giant Jollibee Foods Corp. (JFC) plans expand into new territories in Europe next year, as it embarks on an aggressive expansion both locally and internationally in a bid to increase sales from the overseas business over the next seven years.

The Anti-Money Laundering Council (AMLC) will still require the reporting of distribution of dividends and interest on investments as part of its mandate to look into suspicious transactions but the reporting for these can now be deferred based on a new resolution, Philippine Stock Exchange (PSE) president Hans Sicat said. Sicat said AMLC issued Resolution 48, series of 2016, which …