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BPInoy Awards recognizes world-class overseas workers
The Bank of the Philippine Islands (BPI) presented the 2008 BPInoy Awards for world-class overseas Filipinos to British Broadcasting Corporation (BBC) journalist Rico Hizon and New York-based fashion designer Josie Natori in ceremonies held at the Makati Shangri-La Hotel on October 3, 2008.
Max’s launches Private Iris party package
Max’s Restaurants has teamed up with Blue Cow Co., Inc. for Max’s Private Iris party packages for party-loving kids.
DBP facility encourages savings, entrepreneurship
Development Bank of the Philippines (DBP) is making available a program that will promote entrepreneurship and savings and investment activities among overseas Filipino workers (OFWs) and their families.
Who will be the country’s next top Chief Financial Officer (CFO)
The answer will be known by October 23, when the Financial Executives Institute of the Philippines (Finex) and ING Bank NV, Manila Branch reveal the winner of the search for the second annual ING-Finex CFO of the Year Awards.
Investing without losing your money
Corporate social engagement
Set against the backdrop of unsettling shocks rippling through the global financial markets triggered by the shifting fault lines in the US economy, a timely and significant event came to a close just recently in China attended by more than 1,400 government, business and civil society leaders.
BDO spearheads energy-saving drive
BDO has taken another industry-leading initiative, this time in the drive to seek environment-friendly and cost-saving solutions to power consumption in the country.
Inflation rate slows down from 17-year high to 11.9% in Sept.
The country’s inflation rate eased slightly to 11.9 percent in September from a 17-year-high of 12.5 percent the previous months due to a general drop in annual inflation in the food, beverage and tobacco sectors, the National Statistics Office said yesterday.
PRA targets 4 million retirees in 10 years
With the current financial crisis in the U.S., the Philippine Retirement Authority (PRA) is moving to register 4.0 million foreign retirees in 10 years as strong marketing campaign is being launched to capture the influx of retirees whose pension funds and health benefits have been affected by the financial crunch.
PDIC to strengthen regulatory oversight
The Philippine Deposit Insurance Corp. (PDIC) is currently reviewing its regulatory issuances to strengthen its oversight functions and help promote financial stability.
GSM to buy SMC non-alcoholic beverages
Ginebra San Miguel Inc. (GSM) is acquiring its parent company San Miguel Corporation’s non-alchoholic beverage business for a yet undisclosed amount.
Vehicle sales still up 12% in first 9 months
Motor vehicle sales grew by 12 percent in the January-September period this year over that of the same period last year defying market declines in most countries, the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) reported.
Local cement firms want 5% tariff kept
Local cement producers have appealed to the government not to let go of the country’s only remaining strategic and high value added manufacturing sector by keeping the only protection left to this domestic industry against the very real threat of dumping by countries with excess capacity.
Ayala confirms interest in Philamlife
Conglomerate Ayala Corporation said yesterday the local flagship of the American International Group (AIG), one of the assets the beleaguered US insurer wants to sell, is an investment worth studying.
Global coordination urged to fight crisis
Close coordination among global leaders must be "established" to abate the severe cataclysmic liquidity crisis precipitated by lack of transparency, full disclosure in the US housing mortgage sector and greed that continues to wreck havoc to other parts of the financial world, including the Philippines.
PSE to amend indices composition in Nov.
The Philippine Stock Exchange (PSE) has again modified the composition of the PSEi and the six sector indices as part of its regular free float-based review of trading activity of listed companies.
P/$ rate closes at P47.40 /$ 1
The peso exchange rate closed slightly higher at P47.40 to the US dollar yesterday at the Philippine Dealing & Exchange Corp. (PDEx) from P47.43 the previous day. The weighted average rate depreciated to P47.614 from P47.403. Total volume amounted to $ 887.5 million.
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