Assets of Philippines’ biggest banks rose by 11% in Q2
Peoples walk past automated teller machines in Makati City, June 23, 2016. — REUTERSBy Karis Kasarinlan Paolo D. Mendoza, ResearcherTHE COMBINED ASSETS of the Philippines’ biggest banks rose in the second quarter amid faster economic growth.The latest edition of BusinessWorld’s
Converge rules out Sky Cable acquisition
By Ashley Erika O. Jose, ReporterCONVERGE ICT Solutions, Inc. is considering expanding its partnership with Lopez-led Sky Cable Corp., but has no plans to acquire the company at this time, its chief operations officer (COO) said.“Probably not at this time,
Ovialand eyes higher valuation for IPO
OVIALAND.COMOVIALAND, Inc. plans to launch an initial public offering (IPO) at a higher valuation, potentially next year, depending on market conditions,” the real estate developer’s president said.“Definitely, (our IPO) will (have) a much higher valuation because the company has grown,”
China auto brands Omoda, Jaecoo to expand in PHL
AUTOMOTIVE brands Omoda and Jaecoo, both from China, are set to expand in the Philippines with the opening of a flagship branch in Alabang by the fourth quarter.In a statement released over the weekend, Omoda announced that its first car
TMP says it leads Port of Batangas collections
THE BUREAU of Customs (BoC) at Port of Batangas (PoB) collected P18.7 billion in duties and taxes from Toyota Motor Philippines Corp. (TMP) in the first quarter, making TMP its largest revenue contributor, the car manufacturer said.“This substantial contribution underscores