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Ayala Land expands to Malaysia

Philippine real estate giant Ayala Land, Inc. is expanding its reach to Malaysia with its wholly-owned subsidiary Regent Wise Investments Limited investing US$43 million or P1.9 billion to 9.16 percent stake in Malaysian company GW Plastics Holdings Bhd. Meanwhile, ALI is planning to raise up to P9 billion this year through a P7 billion bond […]

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PH big banks sufficiently capitalized – BSP

Ten of 14 big banks identified as domestic systemically important banks (D-SIBs) have adequate capital, indicating “less probability” of an industry collapse, according to the Bangko Sentral ng Pilipinas (BSP). D-SIBs as defined by the BSP, are banks whose “distress or disorderly failure” will result to “significant disruptions” that will affect not only the entire […]

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Convergys opening bigger site in Clark

Convergys, the Philippines’ largest private employer, Convergys, is set to further grow its operations in Clark, and relocate its current center from Clarkfield Pampanga to a new, bigger site in SM Clark, Angeles City in May. As many as 400 people applied on the first day of recruiting! The hiring effort is taking place in […]

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Contractors told to disclose list of ongoing and completed projects

Secretary Rogelio Singson yesterday reminded contractors eyeing infrastructure projects with the Department of Public Works and Highways (DPWH) to disclose all of their ongoing and completed projects with government and private entities. In his Department Order 36 series of 2015, Singson reminded every prospective bidder for a DPWH infrastructure contract to submit a statement of […]

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SMC’s tollway subsidiary plans to issue P7.3-billion worth of fixed rate bonds

South Luzon Tollways Corporation (SLTC), a member of the San Miguel group of companies, is planning to raise P7.3 billion from the issuance of Fixed Rate Bonds. Philippine Rating Services Corporation (PhilRatings) has assigned an Issue Credit Rating of PRS Aaa for the proposed bond issue, the highest credit rating on PhilRatings’ long-term issue credit […]

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Oil firms announce minimal price rollback

Costs at the pumps are on downtrend this week owing to the softening of oil prices in the world market. Based on advisories of the oil companies, the price of gasoline had been cut by P0.65 per liter; while the pump cost of socially sensitive diesel had gone down slightly by P0.15 per liter. For […]

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Mejia nominated as IMO secretary-general

Maximo Mejia, Jr., administrator of the Maritime Industry Authority (Marina) has been nominated as one of the six candidates for the position of secretary-general of the International Maritime Organization (IMO). The IMO has received six candidates nominated by their governments for the position of IMO secretary-general. The election for the post will be held at […]

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Swiss challenge for MNTC’s connector set

The government eyes to formally commence this June the Swiss challenge on the Metro Pacific Group’s unsolicited proposal to build an expressway that will link the North and South Luzon Expressways (NLEX-SLEX). According to Ariel Angeles, director of the Public-Private Partnership (PPP) Service of the Department of Public Works and Highways (DPWH), they are currently […]

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Halal food dev’t seen to improve inflow of Muslim tourists in PH – DTI

Development of the Halal food market in the country will pave the way of more Muslim tourist arrivals here, the Department of Trade and Industry said. Trade and Industry Undersecretary Prudencio M. Reyes, Jr. said this as he pushed for improved capability for local halal food producers to be able to serve the huge halal […]

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Accenture continues to invest in staff dev’t

Accenture, a global management consulting, technology services and outsourcing firm, continues to invest in training its 319,000 international workforce, of which 35,000 are in the Philippines. Last year alone, the company invested over $786 million in employee training and professional development via Accenture Connected Learning, noted Chief Human Resources Officer Ellyn Shook. Launched in September […]

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