Razon’s ICTSI sees business picking up in Nigeria port

This Anita Magsaysay-Ho ‘Fruit Market’ painting just set a new record for the most expensive PH painting at P86.4M at today’s Leon Gallery auction, topping the P84-M price set for another of her paintings in 2021. See last Tuesday’s Biz Buzz.@InquirerBiz.

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Billionaire businessman and former Trade Minister Roberto Ongpin has died at the age of 86. According to close relatives, he passed away in his sleep last night in Balesin Island, the exclusive resort which he built. @inquirerdotnet @InquirerBiz.

At present, there are no flights operating within PH airspace, whether originating to and from PH airports, or overflights by other carriers transiting the area. @inquirerdotnet

Socmed posts indicating an earlier NAIA power, radar outage, affecting PH flights and airspace overflights. Update from MIAA GM Cesar Chiong: “From CAAP - power supply issue fixed and restored to have ATC service to operate shortly after completing system tests.” @inquirerdotnet.

San Miguel CEO Ramon Ang conferred the French government’s highest distinction, the Legion of Honor for strengthening Franco-Philippine ties “by advancing shared economic goals and being a force for good.“ French Ambassador Michèle Boccoz conferred the honor. ⁦@InquirerBiz⁩

To wit:

SM: folded bank notes still accepted in SM stores. “Only those that are mutilated - stapled and ripped caused by removal of staple wire - will be deemed unfit and not accepted” per BSP rules. Urges public “not to engage with misleading social media posts.” @InquirerBiz.

Philippine Stock Exchange president Ramon Monzon and director Vivian Yuchengco ring the closing bell on the PSE’s trading floor in Taguig City for the last time Friday. Starting Monday, trading in one of Asia’s oldest bourses will be done completely electronically. @InquirerBiz

Sent by Kevin Tan, the CEO of Megaworld’s parent firm, Alliance Global. @inquirerdotnet @InquirerBiz

Company statement

“… against Chinese who were allegedly involved in kidnap-for-ransom of Chinese in the country. Two Chinese [suspects] died.”.

Solaire’s Michael Ray Aquino: “We temporarily locked down to secure the property and our guests while we investigated the incident. We opened after 15 minutes last night when we found out that it was an NBI police operation at the Wenceslao open parking lot…”.

Video circulating on social media shows what was said to be an encounter between law enforcers and gunrunners near Solaire last night. It occurred at the adjacent parking lot owned by Aseana City. An official said Solaire was locked down for 15 mins then reopened. @inquirerdotnet.

Department of Tourism affirms ruling finding Berjaya Makati Hotel liable for violation of government health and safety protocols due to the quarantine breach involving Filipina returning from overseas last month. ⁦@InquirerBiz⁩ ⁦@inquirerdotnet⁩

BDO now reimbursing close to 700 clients hit by last weekend’s fraudulent online transactions. “We’ve requested our clients to go to their branch of account and submit documentation to get the refund. [BDO] will shoulder losses [from] this cybercrime incident.” @inquirerdotnet.

BDO president: “We are doing a deep dive on the root cause, but it affects a 10-yr old web service that is for phase out. The replacement is already in beta test and should be available to the public Jan/Feb.” @inquirerdotnet.

… and 3) We thank clients for their patience and cooperation, especially effecting the password changes suggested.” @inquirerdotnet.

Update from BDO president Nestor Tan to @InquirerBiz: “So far: 1) We have instituted changes to block the compromised credentials and prevent recurrence… 2) We will make it up to the clients for their inconvenience… @inquirerdotnet.

Responding to the reported unauthorized online accessing of some bank accounts, BDO Unibank chair Tessie Sy-Coson tells @InquirerBiz: “We will keep the affected innocent customers whole for their losses.”. (“Keep whole” = to reimburse or restore what was lost) @inquirerdotnet.