Securitization to boost capital market, new BSP Gov says
Newly appointed Bangko Sentral ng Pilipinas Governor Eli Remolona said recently that one of the goals of the BSP is the development of the country’s capital market, and Securitization supports said goal of the country’s central money authority.
In a meeting with the National Home Mortgage Finance Corporation (NHMFC) Alternate Board of Directors and key officials led by NHMFC President Renato L. Tobias, Governor Remolona stressed that securitization liquefies non-liquid assets, allowing the production of more loans and mortgages which help develop the capital market. He added that capital market development ultimately supports the liquidity of monetary banks.
President Tobias expressed his appreciation to the BSP’s support in NHMFC’s mandate to provide liquidity in the housing sector through the secondary mortgage market.
NHMFC is the government’s only secondary mortgage institution and a Key Shelter Agency of the Department of Human Settlements and Urban Development headed by Secretary Jose Rizalino Acuzar, who is also the chairman of the NHMFC board of directors.
Aboitiz Chief Information Security Officer is Cyber Woman of the Year
Trailblazer In Cybersecurity. Last July 6, former DICT Asst. Sec. for Cybersecurity and Enabling Technologies Allan S. Cabanlong (left) handed over the award for Cyber Woman of the Year to Aboitiz Equity Ventures First Vice President and Chief Information Security Officer Charmaine Valmonte (right) at the prestigious PhilSec Awards 2023. The award recognizes Valmonte’s exceptional contributions in the field of cybersecurity and her outstanding leadership in ensuring digital safety as the Aboitiz Group undergoes its Great Transformation to become the Philippines’ first Techglomerate.
DITO delivering ‘real 5G’ to Filipino homes
DITO continues to pour massive investments into its network build-up–delivering 5G speeds to subscribers directly from its 5G infrastructure. This is an upgrade from its main rivals’ dependence on non-standalone 5G network to enable their 5G services.
5G technology enables Filipino to maximize hi-speed connectivity that delivers ultrafast internet connection, processes large volumes of data, connects, reaches more devices, enables new technologies, and provides lag-free experience.
Supporting this strong demand for high-speed internet, DITO is not just empowering its mobile subscribers, but also Filipino households with DITO Home. With up to 500 Mbps of speed, DITO Home can connect up to 32 devices, enabling Filipinos to upgrade their digital lifestyles and pushing them to do more.
DITO Home is now present in about 500 barangays across Metro Manila and 50 barangays in Cebu, with thousands of Filipino families experiencing DITO’s fastest internet yet.
As it rolls out more 5G sites, the company is on track to reach more Filipino homes. As of end-2022, the company was able to build nearly 6,000 towers across the country and covered more than 700 areas.
Onne Multipurpose Terminal provides Ogu community with sustainable water systems
Onne Multipurpose Terminal (OMT), International Container Terminal Services, Inc.’s (ICTSI) Nigerian subsidiary, recently turned over three solar-powered water systems to the Ogu community to address the community’s pressing need for access to clean water.
Clean water is a fundamental requirement for human survival; however, numerous communities in the Niger Delta region continue to struggle with the lack of access to this vital resource.
Ogu community elders led by Chief Adokiye, Ogu Council of Chiefs chairman, thanked OMT for providing the community with sustainable access to clean water. Highlighting the project’s impact on their lives, the community pledged to diligently maintain the water systems to ensure their longevity.
The water system project is one of the ICTSI Group’s several social responsibility initiatives for its host communities. The Company currently operates 32 terminals worldwide — four of which are in Africa. ICTSI actively seeks to expand its footprint in the continent through opportunities along the Durban and Gauteng container corridor and other regions in West and South Africa.
Abot-Kayang Biz 4 All
In celebration of Micro, Small, and Medium Enterprises (MSME) Month this July, Lalamove Philippines is rolling out the #AbotKayangBiz4All raffle promo.
Users will be given the chance to pre-select the activity that they want to join using the Activity Editor feature in the app.
The promo will run from July 11 – August 6, 2023
MSME Month will include 4 simultaneously running Activity Editors during the whole promo duration to which the users will pre-select the activity they want to join: Baker SME Mission (Mission ends July 16); Wholesaler SME Mission (Mission ends July 23); Retailer Mission (Mission ends July 30); Live Seller Mission (Mission ends Aug 6).
Winners will be randomly selected each week, depending on the Mission they chose.
The raffle promo also encourages business owners to utilize more of Lalamove’s vehicle fleet, from trucks, sedans, and motorcycles.
On the other hand, users can win prizes worth over ₱400,000 upon completing the assigned missions. Join the promo from July 11 to August 6.
Pilmico bags three awards at the Livestock Philippines 2023
Pilmico Animal Nutrition Corporation (Pilmico), part of the agribusiness subsidiary of the Aboitiz Group, received recognition for its excellence in feed mill and farm operations at the Livestock Philippines 2023 last July 5, 2023, at The World Trade Center in Metro Manila.
Pilmico’s feed mills received the “Excellent Performance in Commercial Feedmill for Swine and Poultry,” while Pilmico’s Farms division accepted the “Environment-Friendly Corporation” award for its sustainable practices. Some of their practices include a wastewater management system wherein the farms’ by-products are treated to be recycled, which helps prevent pollution and odors.
The event was organized by Informa Markets and supported by the Department of Agriculture (DA).
In addition to Norie Bermudez, accepting the award on behalf of Pilmico were Farm Operations Technical Director Carlos Gerle, Vice President for Quality, Safety, Health, Environment, and Process (QSHEP) Ma. Cleo Flores, and Senior Supervisor for Safety and Environment Christy Gawidan.
Pilmico is one of the leading agribusinesses in the Philippines, with operations in manufacturing feeds and managing poultry and swine farms.
Security Bank Foundation donates 10-classroom building
Security Bank Foundation, Inc. (SBFI) demonstrated its commitment to invest for the future by turning over its first ever school building with a science laboratory to San Jose City National High School located in Nueva Ecija province.
During the turnover, students were in awe to see a new and spacious science laboratory with cabinets filled with equipment for experiments and hands-on learning such as microscopes, balance beams, and flasks.
The building, a two-story, 10-classroom structure, was constructed at the height of the pandemic and is one of the most expensive school buildings donated by SBFI to date.
Since 2011, SBFI has been supporting the quest of Philippine public schools in advancing the quality of basic education through its Build a School, Build a Nation: The Classrooms Project. There have been 655 classrooms turned over in 117 schools in 68 cities and municipalities.
