Regulator Sets New Policy For Philippine Banks That Want To Sell Insurance

MANILA, PHILIPPINES - The Insurance Commission (IC) of the Philippines now requires banks that intend to sell insurance products to first secure bancassurance agreement...

PLDT Capital Invests USD10 Million in US Firm Phunware

PHILIPPINES - Philippine Long Distance Telephone Company (PLDT) (PSE:TEL) (NYSE: PHI), through PLDT Capital, has entered into a joint venture with Phunware, whose world-first...
Overseas Remittances

Philippine Central Bank Meets This Week; Forecast To Keep Policy Rates

MANILA, PHILIPPINES - The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, is meeting this week and analysts have predicted that...

Filipinos Urged to Invest in Stock Market

Filipinos should take advantage of the country’s rising economy by investing in the stock market instead of just letting their money sit at home,...

American Express Launches Cashback Credit Card in the Philippines

CEBU, PHILIPPINES – BDO and American Express formally announced the launch of the American Express Cashback Credit Card. In the Philippines, the Card will be...

Energy Development Corp (PSE:EDC) Reports Lower Income in Nine Months

PHILIPPINES - Energy Development Corporation (PSE:EDC) reported a consolidated recurring net income attributable to equity holders of the Parent of Php7.0 billion for the...

Roxas Holdings Announces Senior Appointments

PHILIPPINES - Sugar group Roxas Holdings, Inc. (RHI; PSE:ROX) is taking on a new direction with the appointments of two key officers. RHI Chairman and...

Philippine Airlines Posts USD20-Million 2014 Income, A First In Three years

Philippine flag carrier Philippine Airlines (PAL) announced a USD20-million total comprehensive income in 2014, the airline's first positive income after a three-year losing streak. In...
South Luzon Thermal Energy

South Luzon Thermal Energy Co Starts Operations

South Luzon Thermal Energy Corporation (SLTEC), announces the start of operations of its second 135 MW Unit (Unit 2) in Calaca, Batangas, doubling the...

Philippine Stock Exchange To Use NASDAQ-Developed Trading System in June

MANILA, PHILIPPINES - The Philippine Stock Exchange, Inc (PSE) announced that starting June 1, it will replace the PSEtrade platform provided by NYSE Euronext...

4th Asia Pacific Real Estate Investment Summit Philippines To Tackle ASEAN Integration

MANILA - The 4th Asia Pacific Real Estate Investment Summit Philippines will take place on 22 October at the Solaire Resort & Casino in...

Expert Global Solutions Opens Call Center in Davao City

Expert Global Solutions (EGS), the world's largest privately owned business process outsourcing (BPO), is opening a new contact center in Davao City, its first...

Metrobank Partners with Bank of Yokohama To Serve Japanese Firms in the Philippines

MANILA, PHILIPPINES - Metropolitan Bank & Trust Company (Metrobank) recently signed an agreement with one of Japan’s leading financial conglomerates, The Bank of Yokohama...

Philippine Central Bank Issues Public Advisory on Credit Card Collection Agencies

MANILA, PHILIPPINES - The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), has issued an advisory to inform the public on the...

Pacifica, A Brown Company Advance in Early Trading at Philippine Stock Exchange

Shares of Pacifica, Inc (PSE:PA) traded 13.51 percent higher to Php0.042 at 10 am Tuesday at the Philippine Stock Exchange. The share price of PA...

Philippine Stock Exchange Sets Annual Stockholders’ Meeting

MANILA, PHILIPPINES - The Philippine Stock Exchange, Inc. (PSE) will hold its annual stockholders' meeting (ASM) on May 2, 2015, 8:00 a.m., at Pavilions...

APEC Organizers Say Cebu Hotel Rates Market Driven, Not Overpriced

The Asia Pacific Economic Cooperation National Organizing Council (APEC NOC) has released the result of its investigation on the alleged overpricing of hotel rooms...

Max’s Group Merges 11 Wholly Owned Subsidiaries in the Philippines

PHILIPPINES - Max's Group, Inc (PSE:MAXS), which owns Max's Restaurant and Pancake House, announced that it has received approval from the Securities and Exchange...
Mactan Cebu International Airport MCIA

Cebu Airport Launches China, Taiwan Direct Flights

GMR Megawide Cebu Airport Corp. (GMCAC), operator of the Mactan-Cebu International Airport (MCIA), welcomes the launch of two more international destinations out of Mactan-Cebu...
Acquire BPO

Acquire BPO To Further Expand in the Philippines with USD10M Investment

Acquire BPO Philippines, an Australian global business process outsourcing firm, is investing up to USD10 million to support new site and to add 600...