Business

Ayala Land Inc. (ALI) recently unveiled plans for a new commercial, mixed-use development that will transform the entrance of Ayala Center Makati into a modern gateway, with a first-of-its-kind intermodal transport facility designed especially for the commuting public. 

By Riza Lozada Metro Pacific Investment Corp. (MPIC) acquired 84,012 common shares in Indra Philippines, Inc. (Indra) from the Manila Electric Company (MERALCO) for P365.525 million.Meralco reported to the stock exchange it completed the sale to MPIC noting “the said sale represents 24.95 percent of the outstanding capital stock of Indra and reduces Meralco’s stake therein to 24.95 percent.”The Board of …

By Jerry Maglunog Investing in the power sector is one that has the fewest risks if one can get the huge capital required. 

Beijing—China’s imports fell by an unexpectedly wide margin in September, in a new sign of weakness in the world’s second-largest economy. 

Frankfurt, Germany—Volkswagen’s (VW) flagship brand plans to change its diesel technology in Europe and North America, as well as develop new hybrid and electric vehicles in response to its emissions scandal. 

Pension fund Government Service Insurance System (GSIS) sees huge opportunities from record foreign outflows. 

Filipinos lose track of almost half of their average weekly expenses due to what is termed as mystery spending, according to a recent online survey from Visa.

By Riza Lozada The Philippine Business Bank (PBB) is targeting to increase its reach in the country through a merger with Insular Savers Bank Inc. (Isbi) and the acquisition of Bataan Savings and Loan Inc. PBB informed the Philippine Stock Exchange that it will hold a special stockholders meeting on December 18 to seek approval for the planned acquisition and …

Malayan Insurance, the country’s No. 1 non-life insurance company, together with Willis Limited, an insurance broking and risk consultancy firm, recently conducted a forum on the fundamentals of art insurance. 

By Jerry Maglunog Two of the country’s leading universal banks—Banco de Oro (BDO) and UnionBank of the Philippines (UnionBank)—have just started alliances with other banks.