Business

The LT Group Inc. (LTG) of taipan Lucio Tan posted a 50-percent increase in profit in 2015 to P6.6 billion amid impressive results in its banking, beverage and tobacco businesses. 

Enterprise data systems provider Cloudera said it will “deepen” its commitment to the country mainly in the provision of big data management and analytics using its Hadoop technology.

International port operator International Container Terminal Services Inc. (ICTSI) reported a substantial 68-percent drop in profit to $58.5 million (P2.7 billion) from $182 million (P8.5 billion) for last year mainly due to a one-off expense of $116.2 million (P5.46 billion) in “impairment” charges in its operations in Argentina. 

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).