December, 2023

• 4 December

  LANDBANK opens new branch in Davao de Oro

  

  The Land Bank of the Philippines (LANDBANK) continues to advance financial inclusion in the country with the opening of its newest branch in the first-class town of Monkayo in the province of Davao de Oro. Located in Barangay Poblacion, the LANDBANK Monkayo Branch makes banking services more convenient to clients from the 73 combined barangays of Monkayo and the neighboring …

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• 4 December

  Security Bank recognized as best local and global employer

  

  Security Bank Corporation (PSE:SECB) has been ranked the second best employer in the Philippines and the 54th best employer globally on Forbes’ World’s Best Employers 2023 list.   The ranking was based on results from an extensive independent survey of over 170,000 employees across 55 countries by Forbes and market research company Statista. Respondents were asked to rate their willingness …

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• 4 December

  DBP lends P1.4-B for 8.4MW Mindanao hydropower plant

  

  State-owned Development Bank of the Philippines (DBP) has extended a P1.4-billion loan to a top renewable energy firm as partial funding to construct a 8.4-megawatt hydroelectric power plant in Bukidnon in line with the National Government’s efforts to expand new and sustainable energy sources, a top official said. DBP President and Chief Executive Officer Michael O. de Jesus said the …

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• 4 December

  ABAC Philippines backs collaboration call to foster engagement on critical issues

  

  A week after the APEC Business Advisory Council (ABAC) meetings in San Francisco, California, ABAC Philippines reaffirmed its commitment to sustained dialogue and critical recommendations for APEC leaders. The collaboration, involving private sector business leaders from the 21 APEC economies, aims to foster ongoing engagement on critical issues. For ABAC Philippines members Sabin Aboitiz, Joanne De Asis, and alternate member …

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• 4 December

  Philippines presented as ideal investment destination for UAE firms

  

  Department of Trade and Industry (DTI) Secretary Fred Pascual underscored the Philippines’ robust economic growth, positioning the country as an ideal investment destination during the recent Philippines and United Arab Emirates Forum and Networking held at the Shangri-La Hotel, Bonifacio Global City. He emphasized the country’s remarkable economic strides and investor-focused initiatives aimed to present the country as a strong …

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• 4 December

  Metro Retail Stores unveils enhanced Mareng Ems Program

  

  Metro Retail Stores Group Inc. (MRSGI), a prominent player in the retail sector, has unveiled its new and improved Mareng Ems Program. Tailored to enhance collaborations and to serve as a comprehensive support system for businesses, particularly within the dynamic Sari-sari Store (SSS) and Hotel, Restaurant, and Catering (HoReCa) sectors, this initiative aims to nurture the company’s robust and mutually …

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• 4 December

  ICTSI South Pacific terminals handle largest international vessel to call PNG

  

  South Pacific International Container Terminal (SPICT) and Motukea International Terminal (MIT), International Container Terminal Services, Inc.’s (ICTSI) operations in the ports of Lae and Motukea, respectively, established a record as they welcomed the largest boxship to ever dock in Papua New Guinea and the Pacific Islands region. The 2,754-TEU gearless ship KOTA GABUNG made its inaugural call in Lae on 12 November and in Motukea, adjacent to …

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• 4 December

  SEC hailed top performing agency in FOI Program

  

  The Securities and Exchange Commission (SEC) was recognized as one of the top performing agencies in the implementation of the Freedom of Information (FOI) Program of the Executive Branch, proof of its commitment to transparency by ensuring open access to information. The Presidential Communications Office, led by its FOI-Project Management Office, presented the award, given to government agencies with 500 …

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• 4 December

  The Market Monitor founded on Feast of Immaculate Conception

  

  December 8 marks the ninth anniversary of The Market Monitor: Minding the Nation’s Business, one of the most sought-after business newspapers, offering a different view of the latest financial developments in the Philippines. Aside from the latest business and financial news, The Market Monitor also takes pride in its reports on banking and finance, motoring, games and gaming, gadgets and …

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• 4 December

  Manila prime residences log rapid price growth

  

  The Philippine capital has logged the fastest growing price in luxury residential market across the world, real estate consultancy firm Santos Knight Frank (SKF) said. In a press conference in Makati City on Friday, the SKF said the price growth of Manila’s prime residences was recorded at 21.2 percent over the past 12 months and at 19 percent in the …

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