Business

Fried-chicken store chain operator Max’s Group Inc. (MGI) is banking on its pizza unit Yellow Cab to make inroads in China as the Chinese palate for Western food grows particularly for the pizza market, which is currently estimated to be worth $2 billion a year.

State pension fund Social Security System (SSS) refuted allegations of inefficiency saying that in terms of collection performance, it has 88 percent efficiency against allegations of a low 38 percent efficiency. 

By Jerry Maglunog Banks have zeroed in on yuan buying to boost their foreign- exchange earnings in time for the scheduled inclusion of the currency in the basket of reserves of members of the International Monetary Fund called special drawing rights (SDR).

Security Bank Corp. (SBC) said it expects to raise P37 billion in new capital from a partnership deal with the Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU) in which the Japanese bank will take a 20 percent stake in the local bank.

Two accomplished doctors who have since taken to photography and the artistic canvass are holding a joint exhibit of their works with all the proceeds to be donated to the Philippine General Hospital (PGH) Foundation. 

Guided by its vision to transform lives through affordable high quality education, Ayala-led APEC Schools announced that it is offering 3,500 seats for free to public school Grade 10 graduates entering senior high school. 

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).