THE COMPANY: Energy Development Corporation (EDC) is a pioneer in the geothermal energy industry, focusing on developing and commercialising renewable energy for the past 30 years. At present, EDC has about 1400 MW of investments in its green energy portfolio. The company has also been diversifying its...
THE COMPANY: DMCI is a diversified conglomerate with core businesses in construction (through DM Consunji) real estate and property development (through DMCI Homes), and in coal (through Semirara). DMCI has further diversified into other areas, such as water utilities (DMCI-MPIC Water Company), power (...
Having been largely unaffected by the global economic turmoil of the second half of 2011, banks in the Philippines are highly liquid and adequately capitalised. Performance indicators for 2011 have shown steady asset expansion, double-digit credit growth, above-standard solvency ratios and healthy bottom lines. Underscoring the resilience of the...
The Bangko Sentral ng Pilipinas (BSP), the country’s central bank, announced in 2011 it had approved revised guidelines on financial reporting and was modifying restrictions on the number of branches that can serve certain areas. BSP officials also indicated in late 2011 the regulator planned to accelerate the implementation of Basel III standards...
While there may be more than 700 banks in the Philippines, the six largest account for more than 60% of total assets. Despite the fact that many lenders around the world have taken a hit due to the global economic slowdown, most of the banks in the Philippines are doing quite well, posting good numbers in 2011. Moreover, the country’s banks are...
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