SECURITY BANK Corp. has raised P6.06 billion via long-term negotiable certificates of deposit (LTNCD), with the proceeds meant to diversify its funding sources and support expansion plans.

DMCI Homes has almost sold out its three-tower residential condominium called Prisma Residences in Pasig City, generating about P11.4 billion in reservation sales.

DEUTSCHE BANK AG has finalized a deal with BNP Paribas SA to transfer its prime brokerage business to the French bank as part of the German lender’s biggest overhaul in recent history.

CHICKEN prices have risen in response to the outbreak of disease in the hog industry, though chicken raisers said they were wary of any attempts to ramp up production and imports in response to African Swine Fever (ASF) as that may worsen oversupply should ASF be resolved in short order.

THE Department of Trade and Industry (DTI) plans to establish economic zones for the start-up sector that will offer support for operating costs, capital, and digital infrastructure.

THE Philippine Ports Authority (PPA) said net profit grew by about a third during the first half, driven by higher revenue from an increase in shipping and trade volume during the period.

In 1989, ex-President Ferdinand Marcos was dying. Exiled in Hawaii since February 1986, the Marcos family asked the Philippine government of President Corazon Aquino to let them to return to the country and allow Marcos to die here. Aquino refused, arguing that the return of the Marcoses would have dire consequences on political stability and economic recovery. Marcos took legal action and filed a special civil action suit for mandamus and prohibition with the Supreme Court. Made respondents were a number of senior officials of the Aquino administration led by then Department of Foreign Affairs Secretary Raul Manglapus. The writ of mandamus would order the respondents to issue the Marcoses the necessary travel documents to allow their return while the writ of prohibition would enjoin them from implementing the president’s ban.

The Bureau of Internal Revenue (BIR) recently celebrated its 115^th Anniversary, and with it comes the time to recognize its performance. While the general perception of corruption remains, it is important not to forget the BIR’s active efforts. Praise what is right and criticize what is wrong.

Today, Sept. 24, a new report -- “The importance of IPR (Intellectual Property Rights) in progress: reform agenda for ASEAN countries” -- will be launched at Holiday Inn Makati. It will be jointly sponsored by the Geneva Network (GN, UK) and Minimal Government Thinkers (MGT). The keynote speech will be given by Department of Trade and Industry (DTI) Secretary Ramon M. Lopez, and the discussion of the report will be given by Philip Stevens, Executive Director of GN and yours truly as head of MGT.

NATIONAL Collegiate Athletic Association Season 95 hosts Arellano Chiefs shoot for back-to-back victories when they take on the Mapua Cardinals today at the FilOil Flying V Centre in San Juan City.

THE growing number of private sector supporters of the country’s hosting of the 30^th Southeast Asian Games later this year has added a major player with Mastercard coming on board as a gold sponsor.

THE Philippine national men’s basketball team will have a new coach when it plays in the 30th Southeast Asian Games here later this year in multi-titled Philippine Basketball Association coach Tim Cone.