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Business World

CMC PH joins global accountancy network

Cruz-Marohombsar and Company (CMC) in The Philippines announced that has joined BDO, the fifth-largest accountancy network in the world, under the name BDO CMC to reflect a combined local roots and strong global network. “We are committed to providing our clients with exceptional service and advice, whilst maintaining the utmost …

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TD Bank’s very bad year in the Maritime seafood business

Three Atlantic seafood companies have faltered financially in 2023 with TD Bank as a secured creditor on loans totalling $39 million. Despite failures of some companies, consultant says the sector is strong A bankruptcy and insolvency court in Halifax granted Chester Basin Seafoods more time to restructure late last week …

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PSE allowed to pursue full acquisition of PDS Group

The Securities and Exchange Commission (SEC) has allowed the Philippine Stock Exchange Inc. (PSE) to negotiate its planned acquisition of additional shares in Philippine Dealing System Holdings Corporation (PDS Group) despite ownership limits. This developed as the Commission En Banc has resolved to allow PSE to apply for exemptive relief …

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Grab, Maya link for ride, delivery payments

Digital banking processor Maya and multiservice transport platform Grab Philippines have sealed a partnership to allow seamless cross-app transactions for its users. Through the collaboration, Maya users can link their accounts to Grab using their mobile number to make direct transactions with no transfer fees. The #1 digital bank and …

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2nd longest CALAX segment to open end-2024

After the opening of the new Silang Aguinaldo interchange in the Cavite-Laguna Expressway (CALAX), its connecting segment to Governor’s Drive in General Trias, Cavite is expected to be operational by the end of 2024. The 7.9 kilometer Governor’s Drive interchange is a 2×2 lane expressway described as the second longest …

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