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DTI Hong Kong launches drive to promote Pinoy food products
The Philippine Trade and Investment Center Hong Kong (PTIC-HK), in partnership with the Philippine Consulate General in Hong…
Mondial Medical launches new arm to import anti-virus products amid pandemic
MONDIAL Medical Technologies (MMT), distributor of quality and cost-efficient medical equipment and supplies, has launched a new arm…
PHL joins China investment and trade fair for 2nd straight year
The Philippines will once again join the China International Fair for Investment and Trade (CIFIT) 2021 as Guest…
WATCH | Ayala Group looks back at almost two centuries of nation-building and serving Filipinos
Last July, the country’s oldest conglomerate launched #BrigadangAyala to address the needs of the diversified communities they serve.…
Year One of plastic neutrality: Nestlé PH recovers 27,000 tons of waste
Last year, Nestlé Philippines made a commitment. It made a commitment to make its packaging, including plastics 100…
BSP allows FX transactions for e-Commerce operators
THE Bangko Sentral ng Pilipinas (BSP) liberalized foreign exchange (FX) regulations anew to accommodate new trends in the…
Psalm Paco-Manila lot attracts three buyers
THE Manila Electric Co. (Meralco) and two more firms expressed interest in acquiring the Paco-Manila property of the…
SSS issues advisory on branch servicing during ECQ
THE Social Security System (SSS) advises its members, pensioners, covered employers and the transacting public that various servicing…
Big value in small doses
WHEN relating to existing and prospective members, many associations still fall into the trap of communicating value by…
Unionbank taps India firm for SaaS platform
UNION Bank of the Philippines (Unionbank) announced last August 3 that it tapped a unit of a subsidiary…
Ayala income in H1 surges by 31% on easing of curbs
Conglomerate Ayala Corp. on Thursday said its income grew 31 percent to P10.39 billion in the first semester,…
Monde Nissin H1 income falls 13%
Monde Nissin Corp. on Thursday said its core income at ownership fell 13 percent to P4.25 billion in…
‘Brave’ Filreit debuts on stock market
Shares of Filinvest REIT Corp., which made its debut on the Philippine Stock Exchange (PSE), weathered the market’s…
Vista Land income expands to ₧3.8 billion in January-June
Vista Land and Lifescapes Inc., the property development arm of the Villar Group, on Thursday said it posted…
AGI H1 income grows threefold
Alliance Global Group Inc. (AGI), the holding company of businessman Andrew L. Tan, on Thursday said its income…
EDC turns over ₧29 million to LGUs
Energy Development Corp. (EDC) has turned over P29.1 million to the communities and local government units (LGUs) hosting…
BDO reaffirms pledge for low-carbon regime
THE largest bank in the country expressed commitment to promote efforts towards sustainable finance to help achieve the…
AUB’s H1 net down on lower trading and securities gains
ASIA United Bank’s (AUB) consolidated net income fell in the first half of the year, resulting largely from…
Meat labeling rules seen affecting food supply
AT least 2.5 million kilograms of imported meat products are currently being held in cold storage facilities pending…
‘Appropriate budget will unleash full potential of agriculture sector’
Agriculture Secretary William D. Dar is optimistic that his agency would receive a substantial increase in its budget…
Kids Who Farm to get aid from Google employees
Kids Who Farm, a Zamboanga City-based nongovernment organization (NGO) encouraging young people to go into agriculture, is among…
LT Group net income declines by 63% in January-June
LT Group Inc. (LTG), the holding firm of most businesses of tycoon Lucio Tan, on Wednesday said its…
Aboitiz keen on supplying power to Meralco via CSP
ABOITIZ Power Corp. will participate in the competitive selection process (CSP) for the Manila Electric Co.’s (Meralco) baseload…
Cebu Air net loss widens to ₧13.79 billion
Cebu Air Inc., the operator of budget carrier Cebu Pacific, saw its net loss widening in the first…
D&L posts strong recovery in Q2
Chemical manufacturer D&L Industries Inc. said its recovery continued in the second quarter, allowing it to record an…
Regulator warns public on unlicensed insurers
THE Insurance Commission (IC) has warned the public against two unlicensed entities selling insurance products. In a statement…
BOC issues rules on disposing condemned goods
THE Bureau of Customs (BOC) issued rules and regulations providing for the mechanism to expedite the disposition and…
PNB net income soars to ₧22.1 billion in first half
THE Philippine National Bank (PNB) reported last Wednesday that its net income hit P22.1 billion in the first…
Will gyms go the way of arcades and movie rental stores?
The pandemic has reshaped how Americans exercise and upended the fitness industry, accelerating the growth of a new era of high-tech home workout equipment and virtual classes. The question is can the they survive the onslaught from the apps and pricey bikes and treadmills or will they go the way of arcades, video rental shops and bookstores.
Lazada partners with Kwik.insure to provide free COVID-19 insurance to customers
Lazada, the leading e-commerce platform in the Philippines, has partnered with Kwik.insure, the Philippines’ largest online insurance marketplace,…
RCBC wins big in global digital innovations awards
Rizal Commercial Banking Corporation (RCBC) continues to gain international recognition for its outstanding initiatives in digital banking. RCBC…
Government keen to give tax relief for medical oxygen-makers
THE government is preparing to provide tax relief to manufacturers of medical oxygen as it expects a surge…
7-year T-bonds get flurry of bids; ₧35 billion awarded
THE Bureau of the Treasury fully awarded P35 billion in new 7-year Treasury Bonds (T-bonds) on Tuesday. The…
San Miguel unit plunks ₧5.5 billion into Bank of Commerce
SMC Equivest Corp., a wholly-owned subsidiary of San Miguel Corp. (SMC), announced on Tuesday it has invested P5.5…
Insurer responds to PGH’s emergency donation drive
To help in the recovery of its surgical operations after a fire broke damaging its hospital facilities and…
DMCI income in H1 surges as coal, nickel prices rally
Conglomerate DMCI Holdings Inc. on Tuesday said its net income jumped almost five times to P9.5 billion in…
4 PHL firms land on Forbes Asia’s 100 to Watch List
Four Philippine companies—ChatGenie, CloudEats, Kalibrr and PayMongo—are cited in Forbes Asia’s inaugural 100 to Watch List, which trains…
‘Government must bid out Malampaya contract’
The next operator of the Malampaya Deep Water Gas-to-Power Project must be determined via an auction, according to…
PSALM seeks nod of ERC for power rate adjustments
The Power Sector Assets and Liabilities Management Corp. (PSALM) filed an application with the Energy Regulatory Commission (ERC)…
In Dubai, Pinay pulls no punches in jokes on Mideast life
Tucked within her slightly risqué set, Dumagay's rapid-fire punchlines offer an unfiltered glimpse into the life, sly triumphs and slights faced by her 2.2 million compatriots. They care for children, wait tables and otherwise power economies across the wider Middle East. Those Filipinos provide billions of dollars in remittances back to their families still living in the Philippines, but face abuse and isolation in countries that often treat them as a disposable, low-paid workforce.
Globe hikes capex to fund additional network projects
Globe Telecom Inc. raised its capital expenditures (capex) for 2021 by almost a tenth to P76 billion after…
Jollibee opens Smashburger store in Chicago
Jollibee Foods Corp.’s (JFC) Smashburger on Monday said it opened its first store in downtown Chicago and Washington…
Filipino-led biotech raises ₧10 billion for cancer research
InterVenn Biosciences recently announced the completion of a P10-billion Series C financing from SoftBank Group, Heritage Provider Network,…
AirAsia PHL: 92% of flight crew got jabs
AirAsia Philippines on Monday said that 92 percent of its flight operations team, including pilots and cabin crew,…
Puregold income up by 17% in H1
Puregold Price Club Inc., the grocery chain led by businessman Lucio Co, said its income reached P3.99 billion…
ICTSI unit in Iraq hits 3 million TEUs
International Container Terminal Services Inc. (ICTSI) said on Monday its Iraqi subsidiary reached an operational milestone recently with…
GERI net income fell 12% to ₧643.28 million in January-June
Global-Estate Resorts Inc. (GERI) said its net income in the first semester fell 12 percent to P643.28 million…
Grab: Services remain operational
Grab Philippines assured its users on Monday that it will continue to operate its various services despite the…
Lockdown puts dollar-bonds launch in limbo
SMALL lenders may have to hold on to their cash as the Bureau of the Treasury (BTr) cancelled…
BPI Direct BanKo, IFC ink deal to aid micro-entrepreneurs
BPI Direct BanKo Inc., the microfinance arm of the Bank of the Philippine Islands (BPI), inked an agreement…
Investing has a deeper meaning
AFTER understanding your risk profile, its definition and the different types of financial instruments, it would be better…
BSP opens Anti-Money Laundering Council Satellite Office in Quezon City
BANGKO Sentral ng Pilipinas Governor Benjamin E. Diokno formally opened the Anti-Money Laundering Council (AMLC) Satellite Office at…
Solar-powered irrigation to boost corn, rice production in San Andres, Quezon–DAR
A solar-powered irrigation system (SPIS) worth over P10 million has been turned over by the Department of Agrarian…
National govt urged to pay for ASF vaccines
The national government must shoulder the entire cost of vaccinating the country’s 9.7 million pigs against African swine…
The Argentine river that carries soybeans to world is drying up
S naking its way through thousands of miles of South American rainforest and pampas and past sprawling soybean…
Ayala Land REIT H1 income up 31% after asset infusion
Areit Inc., the real estate investment trust (REIT) of Ayala Land Inc. (ALI), said its income in the…
PCA urges businessmen to invest in PHL coconut sector
The Philippine Coconut Authority (PCA) has asked businessmen to invest in the local coconut sector to expand the…
CEB: 90% of flying crew got jabs
Cebu Pacific (CEB) has announced that 90 percent of its pilots and cabin crew have now been vaccinated,…
How Project Managers Can Stay Relevant in Agile Organizations
By Jeff Gothelf Traditionally, project management has taken a linear approach. Based on the assumption that projects have…
3 power facilities to go offline
Three power facilities with 1,047 megawatts (MW) in combined capacity may not be able to run when the…
Insurer rebrands Philam firm as ‘AIA Philippines’
AN AIA Group Ltd. subsidiary is being rebranded from “AIA Philam Life” to “AIA Philippines.” Following the rebrand,…
ACEN plans to build ₧25-B dual-fuel plant in Batangas
Ingrid3 Power Corp., a unit of AC Energy Corp. (ACEN), has proposed the construction of a P25-billion dual-fuel…
P&A Grant Thornton seeks to make a mark in edtech
GOING beyond its traditional role as a number cruncher, P&A Grant Thornton is making a bid to be…
Driving ESG initiatives for local government
AS Environmental, Social and Governance (ESG) issues and initiatives climb higher on corporate agendas amid growing public awareness…
Sans order for loan moratorium, BSP asks lenders to offer relief
THE Bangko Sentral ng Pilipinas (BSP) urged local lenders to give relief to their loan customers during the…
PNB waives transfer fees for InstaPay & PESONet during the ECQ
PHILIPPINE National Bank (PSE: PNB) is waiving the transfer fees for all purely domestic transactions of InstaPay and…
Filipino food exporters negotiate $1.8-million deals with Japanese buyers
LOCAL food manufacturers raised $1.8 million or roughly around P90 million in exports sales under negotiation with Japanese…
Israeli exporters on edge with CB pandemic support plan in doubt
Israel’s biggest exporters are bracing for the end of central bank (CB) support that’s helped them stay competitive…
DTI’s EMB to hold webinar on Halal logistics on Aug 12
The demand for e-commerce in the Philippines has further shifted the shopping culture of cash centric and face-to-face…
PSBank ends 1H2021 with Php 879 million net income
Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, registered a net income of Php…
SMC posts strong results in H1 despite Covid curbs
Conglomerate San Miguel Corp. (SMC) said its income for the first semester reached P29.57 billion, a turnaround from…
D&L’s Batangas plant to start commercial operation in May 2022
Chemical manufacturer D&L Industries Inc. has decided to push back the commercial operation date of its Batangas plant…
PLDT to deploy more FTTH ports
Wireless will continue to take the lion’s share in the revenue mix of telco titan PLDT Inc., but…
AC Energy to invest $10 million in overseas solar projects
AC Energy Corp. (ACEN), through its subsidiary AC Renewables International (ACRI), will pour $10 million in fresh funds…
Cebu Pacific resumes international flights
Cebu Pacific (CEB), the Philippines’s leading carrier, on Thursday said it will mount flights to additional key Asian…
ICTSI net income up 73% in H1
Port operator International Container Terminal Services, Inc. (ICTSI) saw its net income attributable to equity holders surging by…
Emperador, DMCI exit PSE index
Liquor maker Emperador Inc. and construction conglomerate DMCI Holdings Inc. have been booted out of the benchmark 30-company…
Set of rules for coco levy fund disbursement out soon–DOF
THE set of guidelines on the disbursement of allocations under the coco levy trust fund for the implementation…
Open Finance Oversight Committee established
THE Bangko Sentral ng Pilipinas (BSP) announced that it has facilitated the establishment of the Open Finance Oversight…
BSP calls on stakeholders to prep for ‘New Economy’
BANGKO Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno encouraged the 2021 “Outstanding BSP Stakeholders” to prepare for…
Tiered membership: The power to choose
I have read that there are two sacred cows in association management dynamics: governance structure and membership model. Based…
Standard Chartered CEO cites inclusive leadership
STANDARD Chartered Bank CEO Lynette V. Ortiz believes inclusive leadership is crucial in supporting women employees and promoting…
Prosecute credit-card fraudsters–Gatchalian
SENATOR Sherwin Gatchalian urged authorities to ensure that credit-card fraudsters will be prosecuted to the full extent permitted…
Petron records net income of ₧3.87 billion in January-June
Petron Corp. ended the first semester with a net income of P3.87 billion, a turnaround from the P14.24-billion…
SMIC income nearly triples to ₧20.1 billion in H1
SM Investments Corp. (SMIC), the holding firm of the Sy family, said its income nearly tripled to P20.1…
DOE targeting to hit RE goal in power mix via green energy auction scheme
The Department of Energy (DOE) is soliciting comments from industry stakeholders on a draft circular that seeks to…
Del Monte PHL puts on hold IPO
The board of dual-listed Del Monte Pacific Ltd. has decided to delay the listing of its Philippine unit…
AirAsia expands cargo business
As commercial flights have been limited due to the potential spread of Covid-19’s Delta variant, budget carrier AirAsia…
MPIC core income climbs 13% to ₧5.3 billion in January-June
Metro Pacific Investments Corp. (MPIC) said it posted a core income of P6 billion in the first semester,…
Catanduanes holds annual Abaca Festival
The province of Catanduanes, the country’s largest producer of abaca fiber or Manila hemp, recently held the annual…