This 2023, we posted significant increase in Management Association of the Philippines (MAP) membership and inducted 161 new members, a 15-percent addition that brought the number to 1,200 by year-end. Stricter guidelines for accepting new members were also implemented as adopted in the revised guidelines on nomination. Our continuing support for diversity and inclusion is evidenced by the 20-percent increase in our women membership, which now represents 25 percent of total. This year is also th...
Community Bank Of The Bay | LinkedIn 팔로워 1,581명 | Different. On Purpose. | Established in 1996, Community Bank of the Bay (OTCBB: CBOBA) is an independent, community-focused bank with over 25 years...
In recent years, the country’s accounting community has been beset with the problem of... with business process outsourcing companies that provide accounting and related services to...
MANILA, Philippines—The Bangko Sentral ng Pilipinas (BSP) wants small cooperatives and small businesses to have better access to loans that could help scale up their operations and, in doing so, improve the economic condition of more Filipinos. The BSP and the Cooperative Development Authority (CDA) have agreed to work closer together to better implement the provisions of the Credit Surety Fund Cooperative Act that became law in 2015. “The central bank is committed to support the development of the credit surety fund as a vital credit infra ...
Australian investment firm St Baker Energy Innovation Fund is committing an initial $10 million to jumpstart a mega battery manufacturing plant within the 120-hectare Filinvest Innovation Park-New Clark City in Tarlac, a province in Central Luzon. The company said the factory will produce lithium-ion batteries meant for home energy storage applications, small electric vehicles and their charging stations. The plant will start commercial operations in the first quarter of 2024 with an initial output of 150 megawatts per hour. It will then rise t ...
MANILA -The Sy family’s SM Investments Corp is counting on its non-core businesses, such as those in the energy and logistics sectors, to drive faster growth and significantly boost its earnings. SM Investments, led by the heirs of the late taipan Henry Sy Sr., recently forayed outside its core banking, property and retail businesses by making strategic investments in renewable energy firm Philippine Geothermal Production Co., and in logistics firms 2GO Group Inc. and Airspeed. READ: SM Investments boosts renewable energy portfolio ...
Institutional stock brokerage Philippine Equity Partners Inc. (PEP), which has a consistently enviable ranking among independent and locally owned brokerage houses, emerged as the top broker in the local stock market in 2022, based on value turnover. Recall that in 2016, Lorenzo Andres “Randy” Roxas bought into the brokerage house after bowing out as chair and president of Maybank ATR Kim Eng Securities. PEP itself was formed in 2001 following the management buyout of shares in the Philippine unit of Merrill Lynch. To date, PEP still handle ...
State-owned Development Bank of the Philippines (DBP) is stepping up its efforts to finance the strategic initiatives of the Marcos Administration to ensure food security in the country through a lending facility aimed at revitalizing the local hog industry, a top official said. DBP President and Chief Executive Officer Michael O. de Jesus said that the Bank’s Swine Repopulation, Rehabilitation, and Recovery (Swine R3) Credit Program, in partnership with the Department of Agriculture (DA), assists in the establishment of bio-secured swine far ...
The introduction of the spot market for foreign exchange trades between the Philippine peso and the Chinese renminbi during the previous administration had many doubters and, to a large degree, it still does to this day. But at least one financial institution decided to forge ahead and build a thriving business based on it despite these doubts. Or maybe because of it, since other players remain cool to the idea. We’re talking about Asia United Bank (AUB) whose leadership recently decided to further increase its foreign exchange trading of the ...
Northern Bank | LinkedIn 팔로워 9,225명 | YOUR PARTNER FOR GROWTH® | Since 1960, Northern Bank has been the banking partner of choice for businesses and consumers throughout New England. We take an ent...