Business

The Bangko Sentral ng Pilipinas (BSP) has approved the establishment of the agricultural value-chain financing framework to uplift the agriculture and fisheries sector. 

About 200 doctors, nurses, dentists, psychiatrists, and therapists joined hands for people with Down syndrome at the annual free clinic of the United for Down program at the Bayanihan Center, Mandaluyong City, on Mar. 20.

By Riza Lozada Conglomerate Ayala Group has earmarked P174 billion for its capital expenditures this year mainly to support real-estate and telecommunications businesses and yield sustained growth as it reported a 20-percent surge in profit to P22.3 billion last year.

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).