Manila Standard Business

GSIS to insure over 132,000 school buildings for P843 billion

December 21, 2023
State-run Government Service Insurance System (GSIS) said it will provide fire insurance for more than 132,000 public school buildings under the Department of Education (DepEd) nationwide. The total fire insurance for these public school buildings is worth P843.11 billion, and will cover fire, lightning and natural catastrophes for a one-year period effective Jan. 1, 2024. […]
The post GSIS to insure over 132,000 school buildings for P843 billion appeared first on Manila Standard.

ADB maintains 5.7% growth forecast for the Philippines, fastest in Southeast Asia

December 13, 2023
The Asian Development Bank (ADB) maintained its 2023 growth forecast for the Philippines at 5.7 percent, citing continued support from domestic demand. The ADB, in its December 2023 Asian Development Outlook (ADO) report, noted that the country’s gross domestic product (GDP) grew 5.9 percent in the third quarter and averaged 5.5 percent in the first […]
The post ADB maintains 5.7% growth forecast for the Philippines, fastest in Southeast Asia appeared first on Manila Standard.

JuanHand, SeaBank team up to launch loan channeling financing in the Philippines

November 16, 2023
The rise of the financial technology (fintech) industry paved the way to easier financial access, addressing the need for financial inclusion. JuanHand, a leading online lending platform licensed by the Securities and Exchange Commission, continues to blaze the trail in serving millions of Filipinos who are credit-worthy yet underserved. WeFund Lending Corp., owner of the […]
The post JuanHand, SeaBank team up to launch loan channeling financing in the Philippines appeared first on Manila Standard.

Converge improves ESG risk score, now ‘low risk’ in recent Sustainalytics report

October 28, 2023
Fiber broadband and technology provider Converge ICT Solutions Inc. (PSE: CNVRG) has earned an upgraded Environmental, Social, and Governance (ESG) risk rating, and is now classified as ‘low risk,’ based on the recent assessment by ESG and corporate governance analytics firm Sustainalytics. The company improved its overall ESG risk score to 19.6 or ‘low risk,’ […]
The post Converge improves ESG risk score, now ‘low risk’ in recent Sustainalytics report appeared first on Manila Standard.

QC government to host ‘Future of Work Conference’ in November

October 28, 2023
To prepare business establishments for the future of work, the Quezon City government will be holding the “Innovate.Adapt.Thrive: The Quezon City Future of Work Conference 2023” on November 13 and 14, 2023 at the Crowne Plaza Hotel in Ortigas, Quezon City. The two-day conference will communicate relevant knowledge and best practices in creating safe, inclusive, […]
The post QC government to host ‘Future of Work Conference’ in November appeared first on Manila Standard.

IMF: Maharlika fund can close infrastructure gap in the Philippines

October 4, 2023
An International Monetary Fund (IMF) team who recently visited the Philippines said the Maharlika Investment Fund could help narrow the infrastructure gap in the country. “The Maharlika Investment Corp. (MIC) could contribute to the push for closing infrastructure gaps and green investments by following best practices in strategic investment management and accountability frameworks,” the IMF […]
The post IMF: Maharlika fund can close infrastructure gap in the Philippines appeared first on Manila Standard.

Unregistered vapes still sold online as October deadline nears

September 5, 2023
Illicit vapes are still available in e-commerce sites in violation of Republic Act No. 11900, or the Vaporized Nicotine and Non-Nicotine Products Regulations Act, less than two months before the deadline to purge illegal sellers on online platforms, according to consumer advocacy groups. The Nicotine Consumers Union of the Philippines Inc. and the Consumer Choice […]
The post Unregistered vapes still sold online as October deadline nears appeared first on Manila Standard.

AIM names Erramon Aboitiz new chairman

September 5, 2023
The Asian Institute of Management named Erramon “Montxu” Aboitiz as new chairman of its board of trustees effective Sept. 1, 2023. Montxu, who also serves as the chairman of the board of directors of UnionBank of the Philippines, joins an esteemed group of accomplished business leaders who share an unwavering commitment to advancing the growth […]
The post AIM names Erramon Aboitiz new chairman appeared first on Manila Standard.