Personal Remittances Increase to $21.2B in First Eight Months of 2018

Personal remittances from Overseas Filipinos (OFs) increased by 2.4 percent year-on-year to reach $21.2 billion in the first eight months of 2018, according to Bangko Sentral ng Pilipinas (BSP) Officer-in-Charge Maria Almasara Cyd N. Tuaño-Amador. Personal remittances from land-based workers with work contracts of one year or more grew by 2.1 percent to $16.3 billion, […]
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PSB Stock Rights Offering

The board of directors of Philippine Savings Bank (PSE: PSB) passed a resolution granting approval on the bank’s request to issue up to a maximum of 184,747,509 common shares equivalent to the remaining unused shares from its authorized capital stock or approximately PhP8 billion in fresh capital. Timing and size of the transaction are subject […]
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Megaworld to Bring Belmont Hotel in IloIlo Business Park

Megaworld Corp. (PSE: MEG) is building its fourth Belmont Hotel inside its 72-hectare Iloilo Business Park township in Mandurriao, Iloilo City. Belmont Hotel Iloilo will have 405 suites, composed of a mix of Twin Suites, Queen Suites, Junior Suites, Executive Suites and Specially-Abled Suites for Persons with Disabilities (PWDs). The 12-storey hotel, which is the […]
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AC Health Expands Health Technology Portfolio, Invests in AIDE App

Ayala Healthcare Holdings Inc. (AC Health), a wholly owned subsidiary of the Ayala Corp. (PSE: AC), has expanded its health technology portfolio with an investment in AIDE, a home health application, which provides health services in the comfort of patients’ homes. The venture with AIDE is part of AC Health’s strategy to invest in innovative […]
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ABS-CBN to End ABS-CBNmobile Service

ABS-CBN Convergence Inc. partnered with Globe Telecom Inc. (PSE: GLO) in 2013 for a five-year services agreement to deliver content and telecom services on mobile devices through its ABS-CBNmobile brand. This services agreement expires this year. After a thorough assessment, ABS-CBN Convergence deemed its current mobile business model to be financially unsustainable. As a result, […]
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CityMalls to House MyHealth Clinics Across the Philippines

The strategic partnership signed today October 16, 2018 will enable MyHealth clinics to roll out multi-specialty medical clinics in CityMalls. The first batch of clinics are intended to be built during the next 12 months in 12 CityMall locations across Luzon (4), Visayas (4) and Mindanao (4) with the ultimate goal of having MyHealth clinics […]
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PSB Declares Cash Dividends

The board of directors of Philippine Savings Bank (PSE: PSB), in its meeting held October 15, 2018, passed a resolution declaring a 7.5% regular cash dividend for the third quarter of 2018 amounting to PhP180.19 million, equivalent to PhP0.75 per share. This will be payable to all common stockholders  as of record date October 30, […]
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Vantage Equities Pre-Incorporation Investment in Subsidiary, Philequity Alpha One Fund

Vantage Equities Inc. (PSE: V) will subscribe to one hundred twenty-five million shares at pre-incorporation of Philequity Alpha One Fund Inc. at PhP1.00 par value. This was approved by the board on October 15, 2018. Vantage Equities paid PhP31.25 million on October 15 for the 25% of the 125 million shares subscribed. Vantage Equities’ investment […]
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