Business

The Light Rail Manila Corp. (LRMC), led by conglomerate Metro Pacific Corp. of mogul Manny V. Pangilinan, has signed a loan facility worth P24 billion, along with an Engineering, Procurement and Construction (EPC) agreement for the project to extend the Light Rail Transit Line 1 (LRT-1) to Cavite province.

The government ratified the two remaining protocols out of the six that, together, comprise a regional pact liberalizing air transportation in the Asean (Association of Southeast Asian Nations) Economic Community. On February 3, President Aquino signed Protocol 5 and Protocol 6 of the ASEAN Multilateral Agreement in Air Services (Maas), the Department of Transportation and Communications (DOTC) said in a …

The SM Central Business Park 1-A at the Mall of Asia (MOA) Complex in Pasay City has been declared a Philippine Economic Zone Authority (Peza) special economic zone. The area includes e-commerce buildings Three and Four E-Com which mostly houses information technology and Business Process Outsourcing companies.

By Jerry Maglunog The Monetary Board (MB) has further opened new opportunities for banks as it lifted restrictions on them in opening up new branches or expanding to a higher banking level.

Listed Security Bank Corp. posted a record-high profit of P7.7 billion last year, which was 7 percent higher than a year ago and translating to 15.2 percent return on equity (ROE) of shareholders.

Nongovernment reforestation, or tree-planting activities conducted by private land owners, organizations, and citizens, has been declining despite the introduction of the National Greening Program (NGP), a study conducted by state think tank Philippine Institute for Development Studies (PIDS) showed.

Chevron Philippines Inc. (CPI), marketer of the Caltex brand of fuels and lubricants, has a new demand-driven skills training program with a job placement component in its host community of San Pascual, Batangas. 

The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest trade group, has offered the International Center for Agricultural Studies of Israel to assist in contacting Filipino graduates who completed a one-year internship in the Israel International Center for Agricultural Studies. 

Not all young people spend their free time frivolously. There are those who would spend it to create a better communities, better future, and a better nation. There is no better proof of this than the nominees of this year’s Ten Accomplished Youth Organizations (TAYO) Awards. 

By Riza Lozada Globe Telecom recently reported consolidated earnings before income tax depreciation and amortization (Ebitda) for 2015 at P45.8 billion, 17 percent higher from a year ago.