|
Plantersbank
Planters Development Bank, more commonly known as Plantersbank, was a major private development bank in the Philippines which mainly catered to small and medium enterprises (SMEs). At its peak, it was the largest private development bank in the country. It was a China Banking Corporation subsidiary from 2014 until it was merged to its parent company's savings bank in 2016. History Businessman Jesus Tambunting is credited to have founded Planters Development Bank. The bank traces its roots to two banking institutions in Bulacan; the Bulacan Development Bank (BDB) which was founded in 1961 in San Miguel and the Bulacan Savings and Loan Association (BSLA) of Malolos. At least one these banks in Bulacan catered to entrepreneurs from the countryside who runs small and medium enterprises (SMEs). The Tambunting Group acquired the BSLA in July 1971 took over the BDB in December 1972. The two banks merged in December 1975 with the BDB the surviving entity. The BDB was renamed the Planters ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chinabank
China Banking Corporation (; ), commonly known as Chinabank, is a Filipinos, Filipino bank established in 1920. It was the first privately owned local commercial bank in the Philippines initially catering to the banking needs of Chinese Filipino businesspeople. It offers various banking services and products related to deposit, investment, trust, cash management, remittance, and financing products and services. It also offers insurance brokerage, stock brokerage, capital markets, and bancassurance services through its subsidiaries and affiliate. Chinabank is the fourth largest private universal bank in the Philippines. It was named by The Asset as the Best Bank in the Philippines in 2021 and by the People Management Association of the Philippines as the 2023 Employer of the Year. Chinabank is also one of the best-governed publicly listed companies. It was recognized by the ASEAN Capital Markets Forum (ACMF) as among the Top 20 ASEAN Publicly Listed Companies, as an ASEAN Asset ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
San Miguel, Bulacan
San Miguel, officially the Municipality of San Miguel (, kapampangan language, Kapampangan: ''Balen ning San Miguel''), is a municipality of the Philippines, municipality in the Philippine Province, province of Bulacan, Philippines. According to the 2020 census, it has a population of 172,073 people. Etymology There are two accounts on the origin of the town's name: * According to the 1953 journal ''History of Bulacan'', the town was originally named ''Mayumo'' from the Kapampangan term for "sweets". The name San Miguel was added by the Augustinian missionaries who selected Michael (archangel), Michael the Archangel as the patron saint of the town. * An account tells that the two leaders decided to form a town named Miguel De Mayumo after the name of Miguel Pineda and ''Mayumo'', from the Kapampangan term and for the goodwill and generosity of Mariano Puno. History Spanish colonial era The municipality of San Miguel de Mayumo was established in 1763 by Carlos Agustin Maniqu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Baliuag
Baliwag, officially the City of Baliwag (; , Kapampangan: ''Lakanbalen ning Baliwag/Siudad ning Baliwag,'' also spelled as ''Baliuag''), is a component city in the province of Bulacan, Philippines. According to the 2020 census, it has a population of 168,470 people. The name Baliwag, hispanized as ''Baliuag'', is an old Kapampangan word for "untouched." It was founded in 1732 by Augustinian friars and was incorporated by the Spanish Governor-General on May 26, 1733. It was carved out from the town of Quingua (now Plaridel). Through the years of Spanish domination, Baliuag was predominantly agricultural. People had to depend on rice farming for the main source of livelihood. Orchards and ''tumanas'' yielded fruits and vegetables, which were sold in the public market. Commerce and industry also played important contributions to the economy of the people. Buntal hat weaving in Baliwag together with silk weaving popularly known in the world as Thai silk; the manufacturer of ciga ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1961
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Makati
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of The Philippines
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancien ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Department Of Labor And Employment (Philippines)
The Department of Labor and Employment (DOLE; ) is the executive department of the Philippine government responsible for formulating policies, implementing programs and services, and serving as the policy-coordinating arm of the executive branch in the field of labor and employment. It is tasked with the enforcement of the provisions of the Labor Code. History The Department of Labor and Employment (DOLE) was founded on December 8, 1933, by virtue of Act No. 4121 of the Philippine Legislature. It was renamed as the Ministry of Labor and Employment in 1978. The agency was reverted to its original name after the People Power Revolution in 1986. List of secretaries of labor and employment Organizational structure The department is headed by a Secretary with the following Undersecretaries and Assistant Secretaries: *Undersecretary for Employment and Human Resource Development Cluster *Undersecretary for Workers’ Welfare and Protection Cluster *Undersecretary for Labor Re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Sy
Henry Tan Chi Sieng Sy Sr. (; zh, c=, p=Shī Zhìchéng, zhu=ㄕ ㄓˋ ㄔㄥˊ, poj=Si Chì-sêng, s=, t=, first=poj; October 15, 1924 – January 19, 2019) was a Filipino businessman. Born in Fujian, he moved with his family to the Philippines at age 12. His family would later return to China, with Henry staying behind to establish ShoeMart, a small Manila shoe store, in 1958. Over the decades he developed ShoeMart into SM Investments, one of the largest conglomerates in the Philippines, including 49 SM malls in the Philippines and China, 62 department stores, 56 supermarkets and over 200 grocery stores. SM also owns Banco de Oro, the largest bank in the Philippines, as well as real estate holdings. For eleven straight years until his death, Sy was named by ''Forbes'' as the richest person in the Philippines. When he died, his net worth was estimated at US$19 billion. Early life and education Henry Sy, also known as ''Sy Chi Sieng'' in Philippine Hokkien (''Shī Zhìch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Small And Medium Enterprises
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by many national agencies and international organizations such as the World Bank, the OECD, European Union, the United Nations, and the World Trade Organization (WTO). In any given national economy, SMEs outnumber large companies by a wide margin and also employ many more people. On a global scale, SMEs make up 90% of all companies and more than 50% of all employment. For example, in the EU, 99% of all businesses are SMEs. Australian SMEs makeup 98% of all Australian businesses, produce one-third of the total GDP (gross domestic product) and employ 4.7 million people. In Chile, in the commercial year 2014, 98.5% of the firms were classified as SMEs. In Tunisia, the self-employed workers alone account for about 28% of the total non-farm employment, and firms with fewer than 100 employees acco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malolos
Malolos , officially the City of Malolos (), is a component city and capital of the province of Bulacan, Philippines. According to the 2020 census, it has a population of 261,189 people. It is the capital city of the province of Bulacan as the seat of the provincial government. Malolos was the site of the constitutional convention of 1898, known as the Malolos Convention, that led to the establishment of the First Philippine Republic led by Emilio Aguinaldo, at the sanctuary of the Barasoain Church. The convent of the Malolos Cathedral served as the presidential palace at that time. The First Philippine Republic is sometimes characterized as the first proper constitutional republic in Asia, although there were several Asian republics predating it – for example, the Mahajanapadas of ancient India, the Lanfang Republic, the Republic of Formosa, or the Republic of Ezo. Aguinaldo himself had led a number of governments prior to Malolos, like those established at Tejeros and B ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bulacan
Bulacan, officially the Province of Bulacan (; ; ; ), is a Provinces of the Philippines, province in the Philippines located in the Central Luzon Regions of the Philippines, region. Its capital is the city of Malolos. Bulacan was established on August 15, 1578, and part of the Super regions of the Philippines, Metro Luzon Urban Beltway Super Region. This province is a part of the Greater Manila Area. It has 572 barangays in 20 municipalities and four component cities (Baliwag, Malolos the provincial capital, Meycauayan, and San Jose del Monte the largest city). Bulacan is located immediately north of Metro Manila. Bordering Bulacan are the provinces of Pampanga to the west, Nueva Ecija to the north, Aurora (province), Aurora and Quezon to the east, and Metro Manila and Rizal (province), Rizal to the south. Bulacan also lies on the north-eastern shore of Manila Bay. In the 2020 census, Bulacan had a population of 3,708,890 people, the most populous in Central Luzon and the third ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Development Bank
Development finance institution (DFI), also known as a Development bank, is a financial institution that provides risk capital for economic development projects on a non-commercial basis. DFIs are often established and owned by governments or nonprofit organizations to finance projects that would otherwise not be able to get financing from commercial lenders. They are often structured as a company that provides loans for projects that a government or nonprofit wants to encourage for non commercial reasons. They can be at a local, national or international level. DFIs include multilateral development banks, national development banks, bilateral development banks, microfinance institutions, community development financial institution and revolving loan funds.Andrea Levere, Bill Schweke, and Beadsie Woo, Development Finance and Regional Economic Development, Washington, DC: CFED, July 2006 Mandate DFIs can play a crucial role in financing private and public sector investm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
