Metrobank’s Arthur Ty is the youngest president among those running the country’s major banks, but we won’t be surprised if he gives up day-to-day operations to assume bigger responsibilities in his family’s banking crown jewel.
A new road linking North Luzon Expressway (NLEx) to Circumferential Road 5, or C5, will soon be built for the benefit of thousands of Metro Manila motorists, Manila North Tollways Corp. (MNTC) announced this week.
Yield on fresh 20-year Treasury bonds settled at an average of 5.906 percent with a coupon of 5.875 percent as investors rushed to acquire longer-term debt paper.
The overseas unit of broadcast giant GMA Network Inc. has signed a syndication deal for the distribution of its shows to different countries in four continents.
The Bangko Sentral ng Pilipinas sees foreign investments—both direct and portfolio types—growing this year to further boost the country’s foreign exchange reserves, which already hit an all-time high last year.
The Independent Review Committee (IRC) began on Monday the six-month review process aimed at scrutinizing the financial statements of six oil companies belonging to the Philippine Institute of Petroleum (PIP), which earlier sought to clear their names over allegations of overpricing and collusion.
The Bangko Sentral ng Pilipinas has expressed confidence that the rate of increase in consumer prices will remain manageable this year despite falling interest rates.
The Department of Finance wants the Power Sector Assets and Liabilities Management Corp. (PSALM) to borrow funds locally when addressing any cash shortfall.
Whenever we would visit the toy store with my 7-year-old daughter, she would throw a tantrum until she gets what she wanted to buy. I find this so frustrating because I need to save money too. I want to teach my child how to spend properly. Can you advise me?—Roxy by e-mail
Extreme weather and natural calamities like tropical storm “Ondoy” and typhoon “Pedring” cut down the country’s economic growth in the past years, according to the vice chair of the Climate Change Commission (CCC).
Well, it’s about time somebody filled her shoes, figuratively, we mean. Auto industry observers have been growing quite impatient waiting for the next move of the Chamber of Automotive Manufacturers of the Philippines Inc. (Campi) after the sudden end of Elizabeth Lee’s six-year leadership of the country’s leading car industry organization.
Just in its second year of becoming the exclusive importer and distributor of Chevrolet brand of vehicles, parts and accessories in the Philippines, The Covenant Car Company Inc. sold a total of 2,763 units from January to December 2011 period, translating to a 36.4-percent year-on-year sales growth.
