woman looking at mobile phone

SSS prepares to resume foreign investment plan interrupted by pandemic

The state-run pension fund Social Security System (SSS) may finally push through with its planned offshore investments next year once it’s no longer pressured to disburse more benefits to members and pensioners badly hit by the COVID-19 pandemic. “Right now, we are trying to study the environment. Definitely, we’re looking at global bonds, global equities,…

RE play comes to the stock mar­ket

While the coro­n­avirus pan­demic dragged down the do­mes­tic econ­omy to its worst re­ces­sion in his­tory last year, hurt­ing prof­itabil­ity of many com­pa­nies, there was one com­pany that de­fied grav­ity in the stock mar­ket. The main-share Philip­pine Stock Ex­change in­dex (PSEi) shed 8.64 per­cent last year, but the stock price of this com­pany soared by 304…

lottery balls

Rivals-turned-partners Pacific Online and PGMC win P5.8-B lotto deal

The joint venture of Pacific Online Systems Corp. and Philippine Gaming Management Corp. (PGMC) bagged a much-coveted nationwide lottery equipment lease deal with the Philippine Charity Sweepstakes Office (PCSO) valued at P5.8 billion. Pacific Online disclosed to the Philippine Stock Exchange on Monday that its joint venture with PGMC has formally received the notice of…

farmland

Davao heading to economic development despite pandemic

DUMAGUETE CITY—Despite the gloom brought about by the prolonged COVID-19 pandemic, investors remained optimistic about Davao region’s path towards development. Local businessmen recently launched , which seeks to showcase the region’s innovations in learning, real estate, tourism, and agri-business, positioning it as an investment partner for industry leaders in and outside the country. During the…

fiber optic wires

Converge secures P5-B loan from Landbank in bid for nationwide reach

Converge ICT Solutions Inc. sealed a P5-billion loan deal with state-owned Land Bank of the Philippines to fund its nationwide fiber internet rollout. Pampanga-based businessman and Converge CEO Dennis Anthony Uy said on Friday this would also allow the company to expand its presence in “unserved and underserved” areas in the Philippines. According to Converge,…

Onwards to recovery

The extent of this pandemic and its harrowing impact might have been underestimated when it first hit the country. Most of us likely thought that it won’t be a big deal and we’ll just continue on with our weekend dinners and vacation plans. At Globe, we made the right decision not to take it lightly—we…

Digital banking to boost financial inclusion in PH

Digital banking is transforming the traditional financial landscape. There are now 249 digital challenger banking players globally, comprised of dynamic digital upstarts and transitioning legacy operators. The Philippines offers an attractive opportunity for this expanding market. The release of the Digital Banking Guidelines in April this year, swiftly followed by agreed licenses for Overseas Filipino…