Insurance Firms Allowed to Invest in Infra Projects

By Chino S. Leyco, Manila Bulletin The Insurance Commission has released a circular allowing insurance companies to invest in the government’s infrastructure projects. Based on the agency’s circular letter No. 2018-74, insurance and reinsurance firms may now invest in debt or equity security instruments for infrastructure projects. The insurance company may participate in the project […]
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DOE Gives Mass Approval to Energy Projects

By Myrna M. Velasco, Manila Bulletin The roll of “energy projects of national significance” (EPNS) had been extraordinarily beefed up with the mass approval extended by the Department of Energy (DOE) to proposed power facilities—primarily for projects lined up by the National Grid Corporation of the Philippines (NGCP) and state-run National Power Corp. (NAPOCOR). By […]
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China’s State Grid Brings Solar Power to Zambales

Manila Bulletin The State Grid Corporation of China (SGCC), the technical partner of power grid operator National Grip Corp. of the Philippines, is spearheading efforts to provide solar power in Zambales that would benefit over 1,000 residents in the province. The move comes on the heels of Chinese President Xi Jinping’s visit to the Philippines […]
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Mitsubishi Motors Helps Build New Elementary School Building in the Philippines

Mitsubishi Motors Corp. and the company’s employees have together donated 3 million yen to build a new classroom building for the Camayse Elementary School in Santa Rita City, Samar. The donation was made from the company’s STEP Fund, which matches voluntary donations made by employees with an equivalent contribution from Mitsubishi Motors. Mitsubishi Motors STEP […]
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Jollibee Reports 17% Profit Growth in 2018

Jollibee Foods Corp. (PSE: JFC), the largest Asian food service company, opened a total of 502 stores in 2018, the highest number of new stores opened in a year in JFC’s 40-year history. System-wide sales, a measure of all sales to consumers, both from company owned and franchise stores, grew by 22% in the fourth […]
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Megawide Appoints Hilario Davide Jr. as Member of Finance Committee

On February 14, 2019, the board of directors of Megawide Construction Corp. (PSE: MWIDE) appointed Hilario G. Davide Jr. as member of the Finance Committee. Currently an independent director at Megawide, Davide was the former permanent Representative of the Republic of the Philippines to the United Nations in New York from February 2007 to April […]
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Metrobank Declares 5% Regular Cash Dividend

The board of directors of Metropolitan Bank & Trust Company (Metrobank, PSE: MBT) approved the declaration of a 5% regular cash dividend to be paid to all stockholders as of March 1, 2019 (Record Date), with March 14, 2019 as the Payment Date.   Related Articles:Metrobank Declares Stock DividendsMetrobank Offers LTNCDsGT Capital to Subscribe in […]
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