Business

By Jerry Maglunog Due to the growing number of banks that are included in the Bangko Sentral ng Pilipinas’s (BSP) prompt and corrective action (PCA) list, the central bank is stepping up its supervisory policy to target bank owners, directors and major shareholders of ailing banks.

The projects of a growing number of firms that are setting up business in the country will be funded via syndicated loans, as the amount needed for them is growing to a level that a sole lender cannot afford to put it up, several investment bankers have said.

At least 193 member-states of the United Nations (UN) gathered last September 25 to 27 in New York City to find a common language to lessen the more critical problems plaguing the global human society. 

The Department of Public Works and Highways (DPWH) has committed to institutionalize zero tolerance on trafficking in persons (TIP) in all its infrastructure projects all over the Philippines under an agreement with the Millennium Challenge Corporation MCC and Millennium Challenge Account-Philippines (MCA-P). 

Can going back to basics also be innovative? Project LIBRO, the official entry of the University of San Carlos Chemical Engineering Society (USC ChES) at the 13th Ten Accomplished Youth Organizations (TAYO) Awards, had a simple premise—to provide educational reinforcement and support to pupils of remote public elementary schools in Cebu. 

Bud Bongao is Tawi-Tawi province’s most famous mountain, an important pilgrimage site for both Christians and Muslims.

By Riza Lozada The Philippine Stock Exchange Inc. (PSE) plans to allow the trading of shares using the US currency and is now seeking comments and suggestions from bourse stakeholders on its draft rules on Dollar Denominated Securities (DDS). 

Listed EEI Corp. posted its highest production mark with a profit of P18 billion last year, resulting in cash dividends of 20 centavos per share.

Listed property develop­er 8990 Holdings Inc. has expressed keen interest in forging partnerships as it considers venturing into the mall-operation business to further boost its income.

An increase in bandwidth and the construction of more cell sites for mobile phones are the only means to improve phone and Internet services while lowering costs, a Globe Telecoms official said.