Tag: Ty-led Metropolitan Bank & Trust Co. (Metrobank)

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PBCom formalizes Ong appointment as new president, CEO

Corporate 0
Philippine Bank of Communications (PBCom) has formalized the appointment of John Cary L. Ong as its new president and chief executive officer, completing a leadership reshuffle that also saw Hans Brinker M. Sicat leave the board and Patricia May T. Siy step down as CEO.

Philippine factories shift to ‘retrenchment mode’ as demand weakens

Economy 0
Philippine manufacturers shifted into “retrenchment mode” in September, cutting jobs, purchases and inventories as weak demand, high oil prices and international competition pushed the sector back into contraction, S&P Global Market Intelligence said.

PH Resorts permanently closes Donatela in Bohol

Corporate 0
PH Resorts Group Holdings Inc. has permanently closed Donatela Resort & Sanctuary in Panglao, Bohol, as part of a broader restructuring with parent Udenna Corp. aimed at addressing legacy obligations.

Tobacco law sought to close gaps in illicit cigarette enforcement

Agriculture 0
A proposed tobacco-specific anti-illicit trade law could give Philippine authorities additional tools to pursue smaller shipments and target the machinery, raw materials and distribution networks used in illegal cigarette production, industry representatives said.

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