Notice of Annual Stockholders’ Meeting Notice is hereby given that the Annual Stockholders Meeting will be held on Monday, June 20, 2022 at 8:30 in the morning. The agenda for the said meeting shall be as follows: Call to Order Secretary’s Proof of Due Notice of the Meeting and Determination of Quorum Approval of the […]Read More

Notice of Annual Stockholders’ Meeting Notice is hereby given that the Annual Stockholders Meeting will be held on Thursday, June 30, 2022 at 8:30 in the morning. The agenda for the said meeting shall be as follows: Call to Order Secretary’s Proof of Due Notice of the Meeting and Determination of Quorum Approval of the […]Read More

Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by enabling them to publish their stories directly on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com. Join us on Viber to get more updates from BusinessWorld: https://bit.ly/3hv6bLA.Read More

Commuters walk to the Metro Rail Transit (MRT) station. — PHILIPPINE STAR/ MIGUEL DE GUZMAN By Tobias Jared Tomas THE FINANCE department is pressing the incoming Marcos administration to impose new tax measures, defer personal income tax reductions and repeal some tax exemptions to raise much-needed revenues and reduce the Philippines’ debt. President-elect Ferdinand R. […]Read More

REUTERS By Kyle Aristophere T. Atienza, Reporter FERDINAND “BONGBONG” R. MARCOS, JR. became the 17th president of the Philippines on Wednesday when Congress declared him the winner of the May 9 election, succeeding Rodrigo R. Duterte whose six-year term ends next month. “We proclaim Ferdinand R. Marcos, Jr. and Sara Duterte-Carpio as the duly elected […]Read More

By Arjay L. Balinbin, Senior Reporter THE Transportation department on Wednesday said it will now be up to the next administration to start constructing the Mindanao railway project, as the government has yet to receive from China a shortlist of bidders for the design-and-build contract. “Since we haven’t received the shortlist of the design-build contractors […]Read More

THE RECOVERY of developing Asia, which includes the Philippines, continues despite global headwinds brought by Russia’s war on Ukraine, China’s economic slowdown and central banks’ aggressive policy tightening, the Asian Development Bank (ADB) said.  “Asia still remains the most dynamic growth area of the world, and still is expected in all of the forecast, whether […]Read More

THE Securities and Exchange Commission (SEC) on Wednesday announced that it approved the initial public offering (IPO) of Balai ni Fruitas, Inc. for up to P309.38 million. In its May 24 meeting, the commission en banc resolved to render effective the registration statement of Balai ni Fruitas covering up to 1.495 billion common shares, subject […]Read More

BW FILE PHOTO THE Philippine Stock Exchange (PSE) announced that 11 companies are at risk of being suspended from trading due to their noncompliance with the submission of financial reports. In a public notice, the PSE said that the 11 listed companies have not complied with the structured reportorial requirements of the exchange by failing […]Read More

THE CENTRAL BANK’S term deposits fetched higher rates at Wednesday’s auction. — BW FILE PHOTO YIELDS on the term deposits of the central bank climbed on Wednesday after the regulator raised benchmark interest rates last week and on lingering inflation concerns here and abroad. The term deposit facility (TDF) of the Bangko Sentral ng Pilipinas […]Read More