“But just because we are off the grey list does not mean we are done,” BSP Governor Eli Remolona Jr. cautioned. “We must ensure we do not fall back into the grey list.”
Japan’s Mitsubishi UFJ Financial Group (MUFG) has finalized its $400 million (P23.3 billion) investment in Mynt, the operator of GCash, securing an 8 percent stake in the company.
The Philippine Stock Exchange (PSE) has reached a deal with the Bankers Association of the Philippines (BAP) to acquire shares in Philippine Dealing System Holdings Corp. (PDS Group), allowing it to strengthen control as part of its merger with the bond trading platform.
From its humble beginnings many years ago as Negros Navigation to its evolution as a comprehensive logistics provider, 2GO is reshaping its image to cater to both traditional and emerging markets.
Prominent businessman Jose Ma. “Joey” Concepcion III is doubling down on his family’s food and ice cream group, RFM Corp., with stock purchases totaling nearly P70 million in the past month.
The New NAIA Infra Corp. consortium encouraged travelers to use “alternative transportation” to and from the airport, including ride hailing services which are generally cheaper than paying for overnight parking for a trip of several days.
Grab Philippines’ stated long term goal is to build and sustain an ecosystem that will create 500,000 jobs for Filipinos. The new country head estimates that the firm is now “a third of the way” in meeting this goal, with two years already going by as part of this ambitious five-year plan.
Tycoon Ramon S. Ang is finalizing plans for the largest-ever makeover at Manila’s Ninoy Aquino International Airport, ahead of their takeover on Sept. 14.
"He’s a man of integrity. Even when he was Secretary of Finance and Energy, he was never embroiled in any issue and put forth policies that were well-thought-out, such as the passage of the EPIRA. Integrity is one of the core values at NAC, which makes him an ideal fit,” said Martin Antonio Zamora, the president and CEO of Nickel Asia Corp.