Business

Aiming to help prepare the public for disasters, Cebuana Lhuillier will hold a disaster resilience forum on January 27 at the Makati Shangri-La. The event, called “2016 Ready: Disaster Resilience Forum – The Role of Microinsurance in Building Disaster-Resilient Communities,” was organized in observance of January as Microinsurance Month. 

The I AM S.A.M. (Shakers and Movers) Foundation Inc., in partnership with the Global Education Motivators (GEM)- USA, will be hosting the 2016 United Nations Student Leadership Conference on Development (UNSLCD) with the theme “Urban Development and the Sustainable Development Goals” on February 15, 2016 from 5:00 PM to 3:00 AM of February 16 at the University of Makati, Makati City.

By Riza Lozada Listed developer DoubleDragon Properties Corp. (DD) has filed with the Securities and Exchange Commission (SEC) documents for its proposal to raise its capital stock up to P20.5 billion to support the launching of major projects this year. 

Mining firm Benguet Corp. reported to the bourse a 647.1 million wet metric tons (WMT) increase in the ore inventory of its unit Benguetcorp Nickel Mines Inc. (BNMI).

The Manila Electric Co. (Meralco) signed last January 7 a joint venture agreement (JVA) and Shareholding Agreement (SHA) with Repower Energy Development Corp. (Repower) for the development of hydroelectric power plants.

Victoria’s Milling Co. (VMC) reported consolidated profit of P292 million for the final quarter of its fiscal year that ended November 30.

Four fraudsters in Cebu City were recently arrested by a joint police and Globe Telecom security team after they submitted fake documents in applying for postpaid accounts that included provision for high-end smartphones. 

By Jerry Maglunog The country’s development can’t be sustained unless all the flagship Public-Private Partnership (PPP) projects of the government are bidded out and built, an official of investment banking house unit of the Metrobank group First Metro Investments Corp. (FMIC) said.

The Beta Epsilon Sigma (BES) Fraternity and the Hiyas ng Silangan (HNS) Sorority, honor societies of the University of the East (UE), celebrate their 50th year since their creation in January 1966. These two elite organizations were founded by Joe-Santos Bisquera and Jeanette Lim-Evangelista, respectively. 

By Riza Lozada The Securities and Exchange Commission (SEC) has approved the extension of the effectivity of financial statements from 135 to 180 days to align with regional standards as part of the Association of Southeast Asian Nations (Asean) market integration.