BusinessNews.ph

Comelec extends deadline for filing of SOCE The Commission on Elections (Comelec) has extended for one day the deadline of filing the Statement of Contributions and Expenditures (SOCE) of all candidates in the May 13, 2019 midterm elections. the COMELEC has extended the filing of SOCE on June 13, Thursday, from the original date of June 12, Wednesday, which is a...

Business process outsourcing (BPO) firm Sitel Philippines has partnered with Project Red Ribbon Care Management Foundation Inc, an HIV advocacy organization, to implement the Comprehensive Corporate HIV Program (CHIP). Through the program, Project Red Ribbon teams up with corporate partners to help spread HIV advocacy and improve the quality of life of people living with HIV through awareness, resources, treatment,...

President Rodrigo Roa Duterte assured the United States that his government will honor the country’s alliance with the world superpower despite efforts to forge closer relations with China and Russia, according to a report published by the Presidential Communications Operations Office (PCOO). The Philippines has an enduring Mutual Defense Treaty with the US agreed in August 1951. “I’m just saying it...

Township developer Megaworld is opening the country's first cultural museum dedicated to the "World's Oldest Chinatown" inside the Lucky Chinatown Mall in Binondo, Manila. Located at the 4th level of Lucky Chinatown's Building A, the Chinatown Museum features 18 galleries, with each focusing on various influences and historical events that have shaped the cultural, social, and economic threads of Binondo...

The Philippines is the 20th most complex place to do business in the world, according to a new report by TMF Group, a provider of international administrative services. The Global Business Complexity Index, which compares key administrative and compliance demands across 76 jurisdictions worldwide, ranked the Philippines 20th for business complexity. In the top 10 of the world's most complex places...

Community shopping leader WalterMart has renewed its contract with Aboitiz Power Corporation (AboitizPower) for the energy supply of its facilities in Luzon, further cementing the shopping chain’s position as among the fastest growing players in the retail industry. The WalterMart Group first tapped AboitizPower in 2017 to deliver 4.7 megawatts (MW) of power supply to four facilities and entered into...

PSE-listed lender Security Bank Corporation has named Sanjiv Vohra as President and Chief Executive Officer effective July 1, 2019, subject to regulatory approvals, according to a disclosure. Vohra will replace Alfonso Salcedo Jr, who will be retiring but will remain as director and will chair the executive committee. Chairman Alberto Villarosa said that the organizational changes reflect Security Bank's focus on...

Megaworld, the country’s largest developer of integrated urban townships, is building a three-level lifestyle mall inside its 34-hectare The Upper East township in Bacolod City. Covering a gross floor area of 24,200-square meters, the Upper East Mall is set to become Bacolod’s new architectural landmark as it showcases a blend of neo-classical and art deco architecture, reminiscent of New York...

Ion Pacific, the Hong Kong-based investment manager focused on providing creative capital solutions to the innovation ecosystem, has completed a $7.3 million investment in Singapore Life, a technology-enabled life insurance company in Singapore. Ion Pacific, in partnership with Singapore Life’s founder and CEO, made the investment as part of series of transactions alongside Singapore Life’s original shareholders. The investment gives Ion...

Listed property giant Megaworld is expanding its luxury residential footprint inside the 34.5-hectare McKinley West with the launch of the The Albany Yorkshire Villa. Located within the development's "billionaire row" beside the posh McKinley West Village, The Albany Yorkshire Villa offers 64 spacious suites ranging from 121-square meters for two-bedroom and 133-square meters for three-bedroom. The exclusive 4-bedroom penthouse suites offer...