Ignacio R. Bunye
People and organizations who extend their help are rays of sunshine these days, sending light to those who need it most in these challenging times.
Social enterprises (SE) are one of them. These businesses do not just care about profits, but also, and more importantly, they care about the impact and benefits that they bring to society. They think about the people. They think about the planet. They think about our future.
But they need our help.
BPI Foundation, the social development arm of the Bank of the Philippine Islands (BPI), aims to do just that – to empower these SEs by providing them the support they need to further promote their advocacies.
Published May 16, 2021, 12:19 AM
From the twin woes of a health crisis and an extreme economic slowdown, the business and industry sectors are now gearing for a much-awaited economic turnaround that could materialize after the government’s massive immunization against COVID-19 shall have been implemented. Being firmed up in the pipeline are projects on expanded transport and mobility infrastructure, master-planned communities, convention centers, and tourism-oriented businesses.
New-found resolve and energy for economic recovery is evident in Cebu province, specifically Cebu City and adjoining municipalities.
Being built in Cebu is the Cebu Cordova Link Expressway (CCLEX), a P30-billion 8.5-kilometer road project of the Metro Pacific Tollways Corporation (MPTC). The CCLEX includes the third bridge to cross the Mactan Channel that would connect the Cebu metropolis to the outlying towns on Mactan Island. It would enable motorists to steer clear of heavy traffic now being e
Six Philippine companies, led by the Sy family’s SM Investments Corporation and BDO Unibank, made it to Forbes Magazine’s 19th annual Global 2000 list.
The list is an international ranking of the world's biggest, most-powerful and most-valuable companies based on an analysis of four metrics:
Ayala Corporation
In a disclosure to the Philippine Stock Exchange, the firm said core net income declined nine percent to P7.2 billion in the first quarter from the same period last year.
FERNANDO ZOBEL DE AYALA
Ayala Land recorded a 36 percent net income decline to P2.8 billion as the pandemic continued to affect its business operations while Bank of the Philippine Islands posted a net income decline of 22 percent to P5 billion as a result of a one-time tax adjustments.
Globe Telecom’s net income increased 11 percent to P7.3 billion while AC Energy posted a net income growth of 24 percent to P2.4 billion, driven by higher earnings from both international and Philippine businesses.