Business

Atlas Consolidated Mining and Development Corp.’s (ACMDC) Cebu unit Carmen Copper Corp. (CCC), engaged in copper mining copper and exporting, said in will lay off 551 employees, equivalent to 15 percent of its workforce, as part of cost reduction due to the depressed prices of copper in the global market. 

By Jerry Maglunog Nearly 90 percent of goods bought with credit cards are consumer items, making the local economy household lending-driven.

The demand for the lifting of the bank-secrecy law because of recent allegations that it is being used to conceal unexplained wealth may have a backlash on efforts of the country to attract more investments, bankers said.

Capital One Philippines Support Services Corp., the Alabang-based global in-house contact center of Capital One Financial Corp., has been given the Outstanding Community Project prize by the Philippine Economic Zone Authority (Peza).

An additional 55,000 Filipino children between six and 13 years old are expected to participate in the Kasibulan Grassroots Football Development Program (2015–2017), organized by the Philippine Football Federation (PFF) through the financial assistance of state-owned Philippine Amusement and Gaming Corp. (Pagcor).

With the economy expected to expand even more this year, the Association of Filipino Franchisers Inc. (AFFI) has laid out plans to further empower entrepreneurs and the role of entrepreneurship in nation-building.

Filinvest Development Corp. (FDC) reported a net income of P7 billion last year, which was a solid 13 percent growth from the previous year.

Conglomerate Ayala Land Inc. (ALI) has recently issued bonds worth P7 billion as part of its P50 billion shelf registration. The bonds have terms of 9.5 years maturity and a 4.75 percent fixed rate due 2025. This listing marked ALI’s second tranche of its P50-billion shelf registration for a 12-percent share of the total P551.81 billion listed bonds at the …

Representatives of Deutsche Bank AG Manila and the SM Foundation with school, Department of Education (DepEd) and Local Government Unit (LGU) officials inaugurated a two-story, four classroom building in the campus of Northern Tacloban City National High School. The donation came complete with desks, tables, blackboards, electric fans with toilet provision for each classroom. The desks and tables were made …

SM Prime Holdings Inc. (SM Prime) opened last April 29 its 57th local mall , the SM City San Jose del Monte in Bulacan, which was the third in the province after SM City Baliwag and SM City Marilao.