Company Overview and News
MANILA, Philippines — Share prices recovered yesterday after profit taking prevailed on Wednesday, which in turn capped the market’s winning streak. (12-0)
MAU Dizon, a marketing officer in one of the largest Philippine banks, is among millions of Filipino taxpayers who stand to benefit from President Rodrigo R. Duterte’s tax reform plan that aims to return to consumers P860 billion ($17 billion) over five years. (9-0)
Employees load up shopping carts at a supermarket in Paranaque city, Manila October 31, 2016. — Reuters picMANILA, Oct 11 — Mau Dizon, a marketing officer in one of the largest Philippine banks, is among millions of Filipino taxpayers who stand to benefit from President Rodrigo Duterte’s tax reform plan that aims to return to consumers 860 billion pesos (US$17 billion or RM70.9 billion) over five years. (9-0)
HANOI – I arrived in this city past midnight last Thursday curious to see what makes this once war-torn country so attractive to foreign investors. I am here more as a tourist out to enjoy the capital of the Socialist Republic of Vietnam which is actually over 1000 years old. (21-0)
A boy walks on a garbage filled creek in Manila to get his ball. Giant Western consumer product brands led by Nestle, Unilever and Procter & Gamble cause serious ocean pollution by packaging products sold in the Philippines in cheap and disposable plastics. —AFP (2-1)
MANILA, Philippines - Share prices continued to fall yesterday as intensifying tensions between the United States and North Korea dampen buying sentiment, analysts said yesterday.
The local stock barometer slipped for the third straight session on Thursday after failing anew to stay above the 8,000 mark in intra-day trade.
MANILA, Philippines - Risk averse investors continued to stay away from the market yesterday on lingering concerns over tensions between North Korea and the United States.
This report contains terminology that may be unfamiliar to some readers. The Glossary gives definitions for frequently used terms.
Consumers should brace themselves for possible increases in bread prices in the second half of the year, as drought in the United States has caused world wheat prices to rise by as much as 50 percent.
Metropolitan Bank and Trust Co. could be sanctioned by the Bangko Sentral ng Pilipinas (BSP) if management is found to have breached internal controls following the BSP’s probe into a massive internal fraud incident that involved anywhere from P900 million to P2.5 billion.
There have been recent lapses in bank internal controls that make it inappropriate for banks and the BSP to claim the incidents are isolated. The latest case at Metrobank is the most shocking since the RCBC money laundering case happened. (0-1)
President Duterte took an oblique swipe at the bicameral Commission on Appointments (CA) in his State of the Nation Address (Sona) when he repeatedly attacked mining firms for destroying the environment.
Members of National Bureau of Investigation-Anti Fraud Division arrested Maria Victoria ‘Marivic’ Lopez, head of the Metrobanks’ Corporate Service Management for alleged qualified theft, falsification and violation of the General Banking Law on a entrapment operation during press briefing in NBI office, Manila. INQUIRER PHOTO / RICHARD A. REYES
Members of National Bureau of Investigation-Anti Fraud Division arrested Ma. Victoria ‘Marivic’ Lopez, head of the Metrobanks’ Corporate Service Management for alleged qualified theft, falsification and violation of the General Banking Law on a entrapment operation during press briefing in NBI office, Manila. INQUIRER PHOTO / RICHARD A. REYES
The National Bureau of Investigation (NBI) has filed before the Makati Prosecutor’s Office a criminal complaint against the Metropolitan Bank and Trust Company (Metrobank) executive, who was arrested last Monday for attempting to pocket P2.25-million loan payment of one of its major corporate clients.
The chair of the House committee on banks and financial intermediaries on Friday called a congressional investigation into an “alarming” case of internal fraud amounting to P900 million that rocked Metropolitan Bank and Trust Co. (Metrobank), the country’s second-largest bank.
Metropolitan Bank and Trust Co. (Metrobank), the country’s second-largest bank, has been hit by internal fraud that a senior official allegedly perpetrated, causing it to lose at least P900 million.
It has always been observed that the peso-dollar exchange rate has an inverse relationship with the stock market so that whenever the PSE index rises or falls, the price of dollar in pesos decreases or increases, or vice versa, by end of the day.
MANILA, Philippines - Universal Robina Corp. (URC), the food and beverage arm of the Gokongwei Group, is urging government and lawmakers to consider the industry’s position on the proposed higher excise tax on sugar sweetened beverages (SSBs).
Regional industrial powerhouse Universal Robina Corp. (URC) sees a path to recovery this 2017 following the unexpected recall of its beverage brands in Vietnam alongside cutthroat domestic competition that gnawed on earnings last year.
MANILA, Philippines - JG Summit Holdings Inc. is setting off on a more aggressive capital spending program this year as it seeks better positioning for its various businesses to counter emerging challenges on the external front.
Industrial conglomerate JG Summit Holdings Inc. has budgeted P48.2 billion for capital spending this year as the group starts a new phase of expansion program for its pioneering petrochemical business.
A trip to your local supermarket or convenience store will tell you that the chiller section is loaded with drinks of all kinds, shapes, and flavors. With the variety of beverages available, it can get a bit confusing to choose which one we want to take to the counter. However, what can make your decision easier is seeing whether or not a drink has any nutritional benefits. More often than not, those that are packed with sugar and artificial flavors offer nothing more than just good taste.
The sacrifices of our soldiers are well recognized not only by their families, but also by the whole country. As days pass by in the battle of Marawi, the prayers for the war to end continues.