The Asset names BDO 2020 best bank
BDO Unibank was named the Best Bank in the Philippines for the 8th consecutive year during The Asset Triple A Country Awards 2020 which recognizes Asian issuers and global institutional investors for excellence in banking, finance, treasury, and the capital markets.
In the Best Adviser category, subsidiary BDO Capital & Investment Corp. brought home awards for the Best Corporate and Institutional Adviser-Domestic for the 6th time, the Best Equity Adviser for the 4th time, and the Best Loan Adviser for the 4th time as well.
In the Best Deal category, BDO and BDO Capital were individually recognized with Best Merger & Acquisition (M&A) Deal awards for their roles as sole lender and mandated lead arranger & bookrunner (acquisition financing), respectively, in the KKR-led consortium’s $1.3 billion acquisition of a majority stake in Metro Pacific Hospital Holdings—the largest healthcare M&A in the country.
BDO was also awarded with the Best Retail Bond in the same category for its P36 billion fixed-rate peso bond issuance, which was seven times more than the original P5 billion offer due to robust demand from individual and institutional investors.
BDO Capital was bestowed with the Best Local Currency Green Bond Award under the Deal of the Year – Real Estate category in The Asset Triple A Regional Awards 2020.
The bank’s investment house was lauded for being the joint lead underwriter and joint bookrunner of the P3-billion fixed-rate Asean Green Bonds of Arthaland Corp.
Globe, American Bar advance responsible internet use
Globe has partnered with the American Bar Association Rule of Law Initiative (ABA ROLI) and its ACCESS Project to train representatives from civil society, the academe, as well as members of the Integrated Bar of the Philippines (IBP) in delivering the Digital Thumbprint Program (DTP) to promote responsible internet use.
The Digital Thumbprint Program is a series of capacity-building workshops organized by Globe to educate the youth and other stakeholders about digital citizenship and the responsible use of technology.
The American Bar Association co-hosted Globe’s DTP session last February, which trained close to a hundred participants to become DTP Ambassadors who will in turn educate the public on proper online behavior for a more open, inclusive and safe online environment.
This collaboration was made possible through ABA ROLI’s Access to Justice and Support for the Rule of Law in the Philippines (ACCESS) project, which is funded by the United States Agency for International Development (USAID). In partnership with the Integrated Bar of the Philippines (IBP), ABA ROLI is currently identifying new areas for collaboration in ensuring vulnerable Filipinos have access to legal information and services.
Security Bank named by The Asian Banker 2020 Strongest Bank in PH
Security Bank was named the Philippines’ Strongest Bank in 2020 by premier financial magazine The Asian Banker. The award was conferred in a virtual ceremony last February 25 in the publication’s recently published Top 500 Strongest Banks Rankings.
Security Bank passed The Asian Banker’s rigorous assessment which used a detailed and transparent scorecard that covers six areas of balance sheet performance: the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.
The financial magazine’s assessment included banks and financial holding companies that are active in commercial and transaction banking. The results incorporated the latest 2020 financial information during the course of the pandemic and reflected its impact on the performance of banks.
“2020 was one of the toughest years for multiple sectors globally, most especially the banking industry. We take this recognition as an endorsement of Security Bank’s strength to deliver on its BetterBanking promise,” says Sanjiv Vohra, President and CEO of Security Bank.
The Asian Banker’s strongest banks ranking is widely followed by investors, analysts and the media as the leading source to assess the financial strength of commercial banks in the region.
The Asian Banker has been publishing the annual ranking based on balance sheet strength since 2007.
ePLDT first in PH to rollout Salesforce Commerce Cloud
ePLDT, the ICT arm of PLDT Enterprise, is the first in the Philippines to launch and offer Salesforce Commerce Cloud which is a cloud-based e-commerce solution that simplifies personalized shipping experience for businesses and their end customers.
Salesforce Commerce Cloud will enable businesses to adopt a unified, intelligent digital commerce experience – both online and in the store.
The e-commerce platform simplifies the way brands create, launch and maintain multiple sites by using a single system to manage all customer engagement channels.
ePLDT supports complete customer journey across Salesforce CRM service functionality and complementary enterprise applications. By connecting Salesforce Commerce Cloud with other Salesforce clouds, businesses can power the entire customer lifecycle — from awareness and acquisition, to purchase and fulfillment, to advocacy and retention.
Ninja on Grab announces price cut in MM deliveries
Tech-enabled express logistics provider Ninja Van Philippines announced all Metro Manila deliveries lodged through the Grab app will now be priced at P50, down 50 percent from the previous rate as part of the long-time partnership between two of Southeast Asia’s homegrown tech platforms. Ninja Van Philippines’ delivery service on the Grab app, or Ninja on Grab offers scheduled pick-ups, and allows Grab users to send items anywhere in the Philippines.
Targeting both small business owners and casual users of the Grab app, Ninja on Grab offers users a more convenient and cost-effective way of shipping parcels nationwide. Ninja Van Philippines is armed with a network of almost 8,000 riders and over 220 hubs today.
Ninja on Grab is also offering a lower flat rate for deliveries within Metro Manila, starting at PHP 50 for the first 5kg of items delivered. This promotion runs until March 31
McDonald’s purchases 100K vaccines
Golden Arches Development Corp. (GADC) or McDonald’s Philippines purchased close to 100,000 COVID-19 vaccine doses from AstraZeneca half of which will be donated to the government and administered by the Department of Health in accordance to the government’s allocation framework and priority guidelines.
The company’s vaccination program for its employees will be in compliance with all government protocols.
Since the announcement of the enhanced community quarantine last year, McDonald’s has consistently supported the government’s T3 (Test. Trace. Treat.) programs.
Under its M Safe program, the QSR giant complied with safety protocols such as wearing of face masks and face shields, more frequent handwashing, practicing social distancing, and introduced new protocols like dedicating a Safety Manager and implementing a no-touch policy for Drive-Thru and McDelivery services including cashless payment.
To further its commitment to the safety of people, the company also initiated mass testing to ensure a safe workplace for employees and a safe dining experience for all customers. McDonald’s also uses the IATF-endorsed Stay Safe PH national tracing system for contact tracing.
UBX chief to judge at The Final Pitch
UBX president and chief executive officer John Januszczak has recently joined the latest season of entrepreneurial-themed reality show The Final Pitch as an investor judge. This marks the very first that a fintech company joins the show and reflects UBX’s continuous efforts in accelerating MSME success by incubating start-up businesses in the Philippines.
UBX has been at the forefront of incubating start-ups and business ideas in the country by utilizing innovation and co-creation to deliver pioneering solutions that enable growth and expansion, empowering entrepreneurs and enabling their businesses to achieve their full potential.
Citi program to help 900 MSMEs
The Citi Foundation Microenterprise Development Center (CMDC) Creativity and Innovation Hub program hopes to help 900 entrepreneurs.
These include 500 micro, small and medium enterprises (MSMEs), some of them past CMDC graduates with rebuilding and resiliency training and support, and 400 start-ups by providing them with incubation workshops and webinars.
The CMDC Hub will also select 30 promising start-ups to undergo business incubation and be matched with suitable business service providers and advocates.
Funded by Citi Foundation, the CMDC Hub helps MSMEs obtain funds, technology support, and market access through linkages with inclusive businesses . The CMDC Hub will also serve as a virtual space for online mentoring and coaching.
Yanson buses ready to augment public transport shortage
Yanson Group of Bus Companies (YGBC) is ready to mobilize over half of its 4,800 fleet to help in the public transport shortage.
YGBC has 10 subsidiaries operating throughout the country: Ceres Liner, Rural Transit of Mindanao, Bachelor Express, Ceres Transport, Southern Star Bus, Mindanao Star Bus, Sugbo Transit and Gold Star Bus.
YGBC expects to bounce back this year as it heeds the call of the government to augment public transportation services.
The Bacolod-based bus firm before the pandemic was transporting goods and was serving over 700,000 passengers daily. The nationwide operation is run by 18,000 employees.