Business

By Riza Lozada Listed firm 8990 Housing Development Corp. has been named the top developer in the country by the Home Development Mutual Fund (Pag-IBIG) in terms of take-out value.

Local bourse operator Philippine Stock Exchange Inc. (PSE) held its annual Philippine Corporate Day in Tokyo, Japan on January 28 and 29 in partnership with DBP-Daiwa Capital Markets Philippines.

Leisure and Resorts World Corp. (LRWC) had formed an 80 Percent owned information technology unit LR Data Center and Solutions Inc. (LRDCSI). 

Chemical distributor SBS Philippines Corp (SBS) has appointed Gerry Tan as president and CEO effective last January 29 in place of SBS founder Necisto Sytengco, who was also former interim president and current chairman of the board and executive committee.

Telecommunications giant Globe Telecom was named among Asian companies with the most active capital investment in Asia as it posted one of the highest capital expenditure (capex)-to-revenue ratio among telcos in the region in the past two years showing how aggressive the company has been in upgrading and enhancing its network infrastructure.

Washington—The International Monetary Fund (IMF) has announced the implementation of its long-due quota reforms, which was approved by the US Congress last year, that will give more voting rights to emerging economies like India and China in the functioning of the organization.

By Jerry Maglunog Banco de Oro Unibank (BDO) President and Chief Executive Officer Nestor Tan is expected to assume the presidency of the Bankers Association of the Philippines (BAP) by March 21 during a meeting of the biggest group in the local banking industry.

The idea of putting up a social enterprise or a business to help eliminate poverty seemed incredulous just a few years ago.

Agribusiness firm Monsanto Co. announced plans to make its operations carbon-neutral by 2021 through the unique carbon-neutral crop production program targeted across its seed and crop protection operations, as well as through collaboration with farmers.

The Commission on Higher Education (CHED) has officially recognized the Chartered Institute for Securities & Investment (CISI) as a provider of financial literacy courses and exams to be taught in potentially hundreds of colleges and universities throughout the Philippines.