Business

By Jerry Maglunog In the late 1980s, there were about 1,200 rural banks that provided credit in the countryside. It was the heyday of the rural-bank industry when fewer than 200 of them had assets of close to P1 billion.

Commercial banks, as well as their credit-card affiliates, report very high consumer lending, showing an increasing number of Filipinos spending more as a result of a robust economy.

Proper preparation goes a long way. A new solar-power system has armed an elementary school with the right tools to endure the worst floods, especially when power lines are down.

The construction industry and the general public can help in the drive toward conservation by using materials produced following the highest standards of sustainability, the top official of construction-solutions company Holcim Philippines Inc. said in a recent architecture forum.

The Aetas of Pastolan in Subic Bay Freeport recently ratified the expansion of the wind- and solar-energy projects in their ancestral land as part of their commitment to sustainable development.

Mass-housing developer 8990 Holdings’s first high-rise condominium, the 42-story Urban Deca Tower along Edsa in Mandaluyong City, is now on its 30th floor and is 70 days ahead of schedule and with 48 percent of the project sold out, the company reported to the bourse.

Listed conglomerate Roxas Holdings Inc. (RHI) said it will fix at a 10-percent discount of the average price of its common shares in the past 90 days the indicative price in its stock rights offer. RHI held last April 4 its executive committee (ExCom) regular meeting to decide on the indicative offer price of stock rights offering of 265,968,916 common …

Five years after its successful network modernization program that saw mobile data exploding in the Philippines, Globe Telecom embarks on another nationwide infrastructure program that would enhance the country’s Internet experience within homes and across businesses.

Core profit of listed property developer Megaworld reached P10.39 billion in 2015, excluding a P18-million one-time gain, up 10.58 percent from the previous year’s P9.4 billion, excluding a P12.16-billion nonrecurring gain, the company reported to the bourse. Megaworld is growing its rental portfolio as it strives to maintain stronghold on being a top township developer. “We already have a strong …

By Luis Leoncio Credit watchdog Fitch Rating, affirming the investment rating on the country last Friday, failed to impress Finance Secretary Cesar Purisima, who claimed the country remains underrated.