Top News

International Container Terminal Services, Inc. (“ICTSI”) and Royal Capital B.V. (the “Issuer”) successfully priced a US$300,000,000 offering of senior perpetual capital securities, guaranteed by ICTSI (“New Perpetual Securities”). The New Perpetual Securities were structured to constitute equity under International Financial Reporting Standards and represent ICTSI’s fifth successful perpetual securities issuance.

The Department of Trade and Industry (DTI) Secretary Ramon M. Lopez affirms the British of Chamber of Commerce of the Philippines (BCCP) Executive Director Chris Nelson’s statement that it is retaining and attracting new members in the Philippines throughout the lockdown, with prospects of new investments coming in for the long term.

Young Filipinos whose proposed agribusiness projects were approved under the Department of Agriculture’s Kapital Access for Young Agripreneurs (KAYA) financing program can now get their loans swiftly through “KAYA” cash card.

Fresh and affordable farm and fishery products are now available at the national headquarters of the Armed Forces of the Philippines (AFP) in Quezon City through the Kadiwa ni Ani at Kita Program of the Department of Agriculture (DA).

The Department of Agriculture (DA) provided P150-million worth of assistance to help farmers control fall armyworm (FAW) that damage their crops.

New Zealand Ambassador to the Philippine Peter Kell officially turned over Php 800,000 to the National Kidney and Transplant Institute (NKTI) to help them procure additional Personal Protective Equipment for healthcare workers and frontliners.

The Vatican, in its online news web site, reported that Cardinal Luis Antonio Tagle has been appointed by Pope Francis as a new member of the Pontifical Council for Inter-religious Dialogue, the third appointment bestowed by the Pope on Tagle.

ABS-CBN’s application for a franchise renewal was denied by the Committee on Legislative Franchises of the House of Representatives after 13 public hearings.

The Department of Labor and Employment predicts the loss of over One Million OFWS jobs by 2021 with over 500,000 jobs by the end of this year. This grim prediction by the DOLE will have a devastating effect on over 1,200 land and sea-based licensed recruitment and manning agencies with over Fifty percent (50) of the existing agencies not expected …

Enforcing the business firms to comply with the set guidelines of the Department of Trade and Industry (DTI) and the Department of Labor and Employment (DOLE) as more enterprises resume operations, the tandem agencies recently conducted inspection in business establishments and workplaces in San Fernando City, La Union.