Corporate

Former MB member Peter Favila elected as one of two new independent PSE directors

The Philippine Stock Exchange Inc. has two new independent directors following the election of Peter B. Favila and Andrew Jerome T. Gan at the...

Cityland seeks SEC nod for P1.1 billion debt notes issuance

Cityland Development Corp., a listed property developer, is seeking regulatory approval for the issuance of P1.1 billion worth of commercial papers. In a filing with...

EastWest Bank doubles income on double-digit credit card, auto and salary loans growth

EastWest Bank, the lending arm of the Gotianun Group, said Friday its net income in the first half more than doubled to P3.3 billion,...

IMI may lose $84 million from divestment of unit STI Enterprises

Integrated Micro-Electronics said Friday it is selling its 80 percent stake in STI Enterprises Ltd., a specialist contract electronics manufacturer, at a loss as...

Miner finally secures LGU permit to operate

The Court of Appeals (CA) decision declaring the municipality of Tampakan in South Cotabato’s deficiency tax assessment against Sagittarius Mines Inc. as onerous has...

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