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Government asked to rethink extension of agrarian program
The government should rethink its agrarian reform policy if it has to raise food production as this socially "popular" system has only widened Philippines’ rich- poor gap and pushed back agricultural production.
Cebu tycoon diversifies investments, goes into food supplements business
Cebuano tycoon Richard L. King continues to diversify his business and investments and has now ventured into food supplements "in pursuit of its Corporate Social Responsibility in its more profound sense."
MSCB accepted as MegaLink member
MegaLink, the country’s pioneering ATM consortium, has accepted Metro South Cooperative Bank (MSCB) as its first cooperative member bank.
UnionBank 1st quarter income improves
UnionBank of the Philippines posted a net income of P602.49 million in the first quarter of 2008, showing better performance in net interest income and operational costs.
Pre-need firm to release education plan benefit checks to planholders
Leading pre-need company Eternal Plans Inc. is set to release to its branches nationwide the education plan benefit checks of planholders for the first semester of schoolyear 2008-2009.
ADFIAP names DBP president Outstanding CEO
TEHRAN, Iran — Development Bank of the Philippines (DBP) president and chief executive officer Reynaldo G. David has been named Outstanding CEO of the Year by the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) in recognition of his dynamic leadership and performance in the state-owned bank.
Business Agenda Report
An interesting article for job seekers recently came out in the Internet and since we are a nation where the siren call of working overseas is irresistible, I saved it in my documents knowing that it would be a good reference material for a future column.
MasterCard takes the lead in premium card segment
MasterCard Worldwide continues to take the lead in the premium card segment as it works hand-in-hand with leading banks to develop the most innovative and rewarding premium cards (Platinum and Titanium cards) in the Philippines.
Exports decline 6.8% in March due to lower electronics shipments
Lower electronics shipments pushed Philippine merchandise exports 6.8 percent down from a year earlier to $ 4.18 billion in March after enjoying 10.5 percent growth in February, the government said yesterday.
TMPC marks 20th anniversary this year
Twenty years ago, when the Philippine automotive scene was dominated by European and American cars, struggling to sell less than 50,000 units annually, Toyota entered the market and started selling affordable Japanese vehicles marked with quality, reliability and durability.
PCCI defends gov’t infra dev’t efforts
Filipino businessmen led by the Philippine Chamber of Commerce and Industry scored on foreign businessmen for continuously harping on the country’s poor physical infrastructure and not helping on how the country can improve and maximize its potentials.
URC buys Granny Goose brand from GMC
Universal Robina Corporation (URC), the Philippines’ largest snack foods manufacturer, is acquiring its rival snack foods brand Granny Goose from General Milling Corporation for an undisclosed amount.
New Jaguar car costing P4.9 M launched
Despite surging fuel and commodity prices, Jaguar Cars Inc., exclusive distributor of top of the line British cars Jaguar and Land Rover, said the 40 percent sales growth in the first quarter is sustainable for the rest of the year from a negative growth last year.
BSP keeps economic growth forecast at 6.7% in 2008
The Bangko Sentral ng Pilipinas (BSP) in forecasting inflation rate for 2008 has assumed that the economy will grow by 6.7 percent this year and 6.8 percent in 2009.
BDO foresees recovery in income rest of the year, to issue P5-B notes
Despite a slump in its first quarter performance, Banco de Oro Unibank, Inc., (BDO) is hoping to recover in the remaining months to hit a double-digit growth in net income for the whole year, the bank official said.
SMB lists on Monday, gets ‘strong buy’ rating
A leading investment house has rated San Miguel Brewery Inc. stock a "strong buy" citing high profitability, strong brand loyalty, market dominance, and unmatched distribution as major deciding factors.
Export Action Line
Non-government organizations (NGOs) are providers of microcredit loans. More specifically, the NGOs are non-formal providers of microcredit loans.
P/$ rate closes at P42.48/$ 1
The peso exchange rate closed higher at P42.48 to the US dollar yesterday at the Philippine Dealing & Exchange Corp. (PDEx) from P42.615 the previous day. The weighted average rate appreciated to P42.548 from P42.624. Total volume amounted to $ 592.69 million.
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