Business

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.

Listed Cebu Pacific (CEB), flew 18.4 million passengers in 2015, an increase of 9 percent from 16.9 million passengers flown in 2014. On average, CEB flights were 83 percent full during the year.

Laguna Water, the largest water and used-water service provider in Laguna, is set to spend P1.4 billion this year in pursuit of expanding its service reach to more customers within the province. Last year, Laguna Water’s concession agreement was amended, allowing the company to extend its water and used-water services from the original concession areas covering the cities of Biñan, …

Leading mass housing developer 8990 Holdings Inc. booked a 23 percent growth in earnings and exceeded its full-year target of P4 billion on the back of the company’s strong presence, brand acceptance, building innovation and track record of housing delivery in the growth centers of the country: NCR, Angeles, Cebu, Iloilo and Davao.