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247 Results Found For "Manila / Business"
Duterte approves measures to ease impact of US-China trade war
Ruth Abbey Gita / from September 5, 2019
AS THE trade war between the United States (US) and China continues, Malacañang said measures are being prepared to counter the possible negative impact of the rising tensions betweem the two largest economies.Presidential Spokesperson Salvador Panelo said Thursday, September 6, said President Rodrigo Duterte approved the proposed measures presented by ...
Duterte cuts LandBank, DBP dividend rates
Ruth Abbey Gita / from September 2, 2019
PRESIDENT Rodrigo Duterte has ordered a substantial reduction in the dividend rates of the state-run Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) to be remitted to the national government to support its financial viability.Under Executive Order (EO) 89 signed by Duterte, the dividend ...
Duterte signs law regulating Islamic banks in Philippines
Ruth Abbey Gita / from August 30, 2019
PRESIDENT Rodrigo Duterte has signed Republic Act (RA) 11439 that allows the establishment of Islamic banks in the country in an effort to create opportunities for greater financial inclusion, especially for the "underserved" Muslim population.Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said “R.A. No. 11439 will unlock the ...
SkyJet Airlines granted 25-year franchise
Ruth Abbey Gita / from August 29, 2019
PRESIDENT Rodrigo Duterte has signed a law granting a 25-year fanchise to Skyjet Airlines operator Magnum Air Inc. to enable it to "establish, operate and maintain domestic and international air transport services."Under Republic Act (RA) 11410, Magnum Air is authorized to transport services for the carriage of "passengers, mails, goods ...
Samsung partners with maternity hospital, donates refrigerators
/ from August 28, 2019
MANILA -- Samsung Electronics Philippines Corp. (Sepco) recently donated refrigerators to serve as breast milk vaults to do its part in observation of the National Breastfeeding Awareness Month.The tech company handed over two state-of-the-art refrigerators to the maternity facilities of Dr. Jose Fabella Memorial Medical Center.The donation is in line ...
PDIC raises P223.1M in asset sale for January-July
/ from August 28, 2019
THE Philippine Deposit Insurance Corporation (PDIC) generated P223.1 million from the sale of 533 closed banks’ properties through six public biddings conducted from January to July of this year, enhancing the chances of creditors of closed banks to recover their funds.Collectively, the public biddings yielded an aggregate premium of P57.9 ...
Aboitiz-Frontier inks common tower deal with Smart
/ from August 26, 2019
ABOITIZ infrastructure strategic business unit Aboitiz InfraCapital, Inc. and its partner Frontier Tower Associates Philippines, Inc. (FTAP) is collaborating with Smart Communications, Inc. to increase the latter’s nationwide connectivity through the construction of “common” network towers.With its partnership with Smart, Aboitiz InfraCapital has now secured common tower deals with the ...
AboitizPower acquires wind energy firm in Vietnam
/ from August 24, 2019
ABOITIZ Power Corporation (AboitizPower) said Friday, August 23, that it has signed a share purchase agreement for the acquisition of a wind power firm in Vietnam for US$46 million.AboitizPower acquired 100 percent ownership of Mekong Wind Pte. Ltd. from Armstrong Southeast Asia Clean Energy Fund Pte. Ltd. through its wholly ...
Chelsea gets original proponent status for Davao port project
/ from August 24, 2019
CHELSEA Logistics and Infrastructure Holdings Corp. (Chelsea) was conferred the Original Proponent Status (OPS) for the Davao Sasa Port Modernization Project by the Philippine Ports Authority (PPA).The grant of the OPS was contained in the the Certificate of Successful Negotiation dated August 19, 2019, following the successful negotiation on the ...
IPC earns Salesforce Gold Consulting Partner status
/ from August 13, 2019
THE IP Converge Data Services Inc. (IPC) has recently been appointed as a Gold Consulting Partner of Salesforce, an international cloud-based software company and the world’s number 1 Customer Relationship Management (CRM) platform.The recognition enables IPC to not only deliver Salesforce licenses but also provide a host of professional services ...
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