Business

Thanks to the continuity of the European Union in support of the Bangsamoro Peace Process, Konrad Adenauer Foundation Philippines Office (KAS) was awarded a grant to promote the political development in Muslim Mindanao. Since 2007, the EU has invested more than P650 million in programs that contribute to the peace process in southern Philippines. 

Owning a home is every Filipino’s dream. With growing purchasing power, stable interest rates, and a more competitive real estate market, an increasing number of Filipinos are buying homes in Metro Manila and cities such as Cebu, Iloilo, and Davao. 

By Riza Lozada Listed firm 8990 Housing Development Corp. has been named the top developer in the country by the Home Development Mutual Fund (Pag-IBIG) in terms of take-out value.

Local bourse operator Philippine Stock Exchange Inc. (PSE) held its annual Philippine Corporate Day in Tokyo, Japan on January 28 and 29 in partnership with DBP-Daiwa Capital Markets Philippines.

Leisure and Resorts World Corp. (LRWC) had formed an 80 Percent owned information technology unit LR Data Center and Solutions Inc. (LRDCSI). 

Chemical distributor SBS Philippines Corp (SBS) has appointed Gerry Tan as president and CEO effective last January 29 in place of SBS founder Necisto Sytengco, who was also former interim president and current chairman of the board and executive committee.

Telecommunications giant Globe Telecom was named among Asian companies with the most active capital investment in Asia as it posted one of the highest capital expenditure (capex)-to-revenue ratio among telcos in the region in the past two years showing how aggressive the company has been in upgrading and enhancing its network infrastructure.

Washington—The International Monetary Fund (IMF) has announced the implementation of its long-due quota reforms, which was approved by the US Congress last year, that will give more voting rights to emerging economies like India and China in the functioning of the organization.

By Jerry Maglunog Banco de Oro Unibank (BDO) President and Chief Executive Officer Nestor Tan is expected to assume the presidency of the Bankers Association of the Philippines (BAP) by March 21 during a meeting of the biggest group in the local banking industry.

The idea of putting up a social enterprise or a business to help eliminate poverty seemed incredulous just a few years ago.