Indian investment firm Catamaran names new chairman, president
Investment firm Catamaran has announced the appointment of M.D. Ranganath as its chairman and Deepak Padaki as its president. As a President of the firm for the last three years,…
PRC designates Masbate as additional testing centre for September 2022 licensure exam for teachers
Masbate City has been designated as an additional testing center for the September 2022 Licensure Examination for Professional Teachers (LEPT), the Professional Regulation Commission (PRC) has announced. The PRC said…
SM Investments receives approval to acquire Philippine Geothermal Production Company
SM Investments Corporation (SMIC) received approval from the Securities and Exchange Commission to acquire the 81% stake of related parties in Allfirst Equity Holdings Inc (Allfirst) in exchange for shares…
Taiwan’s KryptoGO secures $3 million in Seed funding
KryptoGO, a Taiwan-based regulatory technology and developer and non-custodian wallet provider, has announced raising a total of $3 million in its recently concluded seed funding round. According the announcement, the…
Gaw Capital Partners names Nitin Gupta managing director, head of India
Real estate private equity firm Gaw Capital Partners today announced the appointment of Mr. Nitin Gupta as Managing Director and Head of India at Gaw Capital Partners. Mr. Gupta will…
SDAX receives Recognised Market Operator licence from Monetary Authority of Singapore
Digiassets Exchange (Singapore) Pte Ltd (“SDAX”) announced that it has obtained its Recognised Market Operator (“RMO”) licence from the Monetary Authority of Singapore to operate a digital asset exchange. SDAX,…
DICT gears up for its sixth startup competition for Filipino innovators
The Department of Information and Communications Technology (DICT) is set to launch the sixth (6th) Philippine Startup Challenge 2021 (PSC 2021) this September. The event is an annual startup competition…
ASEAN explores possible sources to fill gaps in financing protected areas
The ASEAN Member States are working to address their needs and gaps in funding biodiversity conservation activities in protected areas. Several sustainable mechanisms, such as carbon financing and payment for…
DOF launching better online reporting of GOCC debts, liabilities
The Department of Finance (DOF) is set to launch an online tool that aims to streamline the reporting of data pertaining to the debts and other liabilities of government-owned and…
Brunei seeks exemption from HCW deployment cap
The Brunei government has requested for exemption from the Philippines’ current deployment cap on healthcare workers, according to the labor department. In a virtual briefing on Friday, Labor Attache Melissa…
United States donates RT-PCR extraction kits to Philippine Genome Center
The U.S. government, through the U.S. Agency for International Development (USAID), turned over RT-PCR extraction kits equivalent to 3,000 tests to the Philippine Genome Center. These RT-PCR extraction kits will…
SEC orders Royal O’ to stop luring investors
The Securities and Exchange Commission (SEC) has ordered Royal O’ Consultancy Services OPC, Royal O’ International Import and Export OPC, and their affiliate companies to stop soliciting investments from the…
BSP strengthens stakeholder engagement for adoption of Sustainable Finance Principles
The Bangko Sentral ng Pilipinas (BSP) continues to strengthen engagement with varied stakeholders in the domestic and international fronts to intensify its campaign for the adoption of sustainable finance principles.…
COVID-19 Threatens Asia and Pacific’s Progress on SDGs, ADB Data Show
The coronavirus disease (COVID-19) pandemic is threatening Asia and the Pacific’s progress toward critical targets under the Sustainable Development Goals (SDGs), according to a new report by the Asian Development…
DBM submits P5.024 Trillion FY 2022 National Expenditure Program to Congress
The Department of Budget and Management has submitted the Duterte administration’s last full-year budget on August 23, 2021 to Congress for scrutiny and approval. With the theme, “Sustaining the Legacy…
PhilGuarantee MSME loan guarantees grow to P2.1B as of mid-2021
The amount of bank loans of micro, small and medium enterprises (MSMEs) guaranteed by the Philippine Guarantee Corp. (PhilGuarantee) reached P2.1 billion as of June this year, allowing almost 10,000…
Emperador to pursue secondary listing in SGX
On August 17, 2021, the Board of Directors of Emperador Inc. (“Emperador” or “the Company”) approved the Company’s pursuit of a Secondary Listing by Way of Introduction (“Secondary Listing”) on…
JFC Buys Out Partners in Fund Owning Tim Ho Wan
Jollibee Foods Corporation (JFC), one of Asia’s largest Asian food service companies disclosed today that it will buy the shares of the remaining partners in the fund that owns the…
DOLE exempts Unilever from labor inspection
Labor Secretary Silvestre Bello III has exempted a global manufacturing firm from the regular labor inspection after it secured a safety seal from the labor department on Tuesday. Unilever Philippines,…
Petron closes first half of the year with P3.87 billion net income
Petron Corporation sustained its positive performance as it ended the first half of 2021 with a consolidated net income of P3.87 billion, a remarkable rebound from the P14.24 billion net…