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The 2020 Growth Awards Winners
Every year, Canadian Business has highlighted the entrepreneurial leaders of Canada through the the Growth List–a ranking of established businesses on five-year revenue growth and startups on two-year revenue growth. Formerly known as the Growth 500, the Growth List and Start-Up List winners are profiled in a special print issue…
Read More »Ayala energy arm sets tender offer, new notes offering
AC ENERGY, Inc. has called on investors on Wednesday to tap into the Ayala-led company’s senior green bonds under its recently upsized $2-billion medium-term note program. In a stock market disclosure, its parent company Ayala Corp. said the energy arm had mandated a number of financial institutions as global coordinator,…
Read More »Grab readies platform’s new safety and security features
By Arjay L. Balinbin, Senior Reporter SINGAPOREAN multinational ride-hailing company Grab Holdings, Inc. is adding new safety and security features to its platform, including gesture-less verification, crash-detection, and unusual-ride termination features, a company official said. Grab Head of Integrity Wui Ngiap Foo said at an online briefing on Thursday that…
Read More »Filinvest Land raises P8B from bonds
WWW.FILINVESTLAND.COM By Denise A. Valdez, Senior Reporter FILINVEST Land, Inc. (FLI) has generated P8.1 billion from a recent bond offering which will support its pipeline of projects for the coming years. The company listed its bonds at the Philippine Dealing & Exchange Corp. (PDEx) through a virtual ceremony on Wednesday.…
Read More »Nearly two-thirds of SMEs ‘strongly’ affected by pandemic — survey
Most small and medium enterprises said they were affected by the strict lockdown measures implemented from mid-March to May. — REUTERS By Jenina P. Ibanez, Reporter AROUND 68% of mostly small and medium Philippine enterprises have been strongly affected by the coronavirus pandemic, according to a combined survey of around…
Read More »SEC allows banks to use industry-specific framework for financial statements
THE SECURITIES and Exchange Commission (SEC) is allowing an industry-specific framework in reporting financial statements for banks and other entities regulated by the Bangko Sentral ng Pilipinas (BSP) in consideration of relief measures extended during the coronavirus pandemic. In a statement on Wednesday, the corporate regulator said it has approved…
Read More »Agencies told to hasten spending
CASH UTILIZATION by government agencies remained weak in the 10 months to October, prompting the economic team to direct agencies to ramp up spending in the remaining weeks of 2020. Cash utilization rates are based on Notice of Cash Allocations (NCAs), an authorization issued to agencies of funds available for…
Read More »Dismal fourth-quarter farm output expected
A FARMER dries mud-soaked rice in Centro Baggao, Cagayan province, Nov. 18. — PHILIPPINE STAR/MICHAEL VARCAS By Revin Mikhael D. Ochave, Reporter THE RECENT SPATE of strong typhoons that devastated many rice and corn fields in northern Luzon will likely dampen the country’s agriculture output in the fourth quarter, experts…
Read More »Typhoons to further dent 2020 GDP
Residents struggle to navigate the floods caused by typhoon Ulyssess in Rodriguez, Rizal. — PHILIPPINE STAR/MICHAEL VARCAS DAMAGE CAUSED by the recent string of typhoons and massive floods is estimated to shave 0.15 percentage point off the already grim gross domestic product (GDP) outlook for the year, preliminary estimates by…
Read More »Shopee taps MultiSys as technology partner for system integrations, more online services
Ahead of its much-awaited 11.11 sale, Shopee recently sealed a partnership with leading software solutions and system integration company Multisys Technologies Corporation to expand its online services–creating a one-stop-shop online system to add more features within the e-commerce platform. Through the partnership, MultiSysis now providing technology support and system integrations…
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