Corporate
Suntrust acquires 20% stake in Entertainment City Resorts
Suntrust Resort Holdings Inc. announced on Monday the acquisition of an indirect 20 percent ownership stake in Entertainment City Resorts Corp. (ECRC) as part of a collaboration aimed at accelerating the development of the Westside Integrated Resort Project in Parañaque City.
Jollibee and Canada explore stronger trade, sourcing cooperation
The Jollibee Group has announced deeper collaboration with the Government of Canada following a high-level visit by Canadian Agriculture and Agri-Food Minister Honourable Heath MacDonald to the company's Manila headquarters.
Microenterprises get big boost from BPI, DTI partnership
The Bank of the Philippine Islands's (BPI) social development arm BPI Foundation (BPIF) has rolled out its Small Enterprise Acceleration Lab – Business Expansion through Training and Application (SEAL-BETA) in Rizal and five other provinces, in hopes of boosting microenterprise growth and economic inclusion.
UBx names Dan Marogy as CEO
The board of UBx Philippines, the fintech subsidiary of Union Bank of the Philippines, has appointed Dan Marogy as its new chief executive officer, effective Monday, September 1.
DOJ indicts Abra Mining for securities fraud
The Department of Justice (DOJ) has formally indicted Abra Mining and Industrial Corp. (AR), along with its officers, stock transfer agent, and several stockholders, for engaging in fraudulent securities trading from 2015 to 2019 — a move regulators say reinforces accountability and investor protection in the capital markets.
