Business News
The Bureau of Customs-Ninoy Aquino International Airport (BOC-NAIA) intercepted a parcel containing PhP10.01 million worth of high-grade marijuana, or “kush,” on October 30, 2024. A thorough physical examination revealed 7,154 grams of kush concealed within the parcel, with an estimated street value of P10,015,600. The intercepted drugs were handed over to the Philippine Drug Enforcement…
MPower, the local retail electricity supplier of the Manuel V. Pangilinan-led Manila Electric Company (Meralco), has signed a retail supply agreement with Pepsi-Cola Products Philippines Inc. (PCPPI) for two beverage manufacturing plants located in Muntinlupa City and Sto. Tomas, Batangas. As part of the partnership, PCPPI was also invited to participate in other MPower programs…
This October, in celebration of Cyber Security Awareness Month, global cyber security firm NCC Group reaffirmed its commitment to supporting the development of cyber security professionals in the Philippines. According to the latest numbers from NCC Group’s Threat Pulse, the number of total ransomware cases worldwide increased by 13.5% year over year. “The threats continue…
ServiceNow, the AI platform for business transformation, and Rimini Street announced an expanded partnership that enables organizations to unlock value in existing ERPs and enterprise applications to fund innovation and growth. The new solution combines the power of ServiceNow’s single architecture and single data model with Rimini Street’s proven enterprise software support to accelerate customer…
Coca-Cola Philippines, in partnership with the Bacolod City Environment and Natural Resources Office (BENRO), promoted PET plastic bottle segregation and collection at the 45th Masskara Festival, held from October 11-27, 2024, in Bacolod City, Negros Occidental. Together with Basic Environmental Systems and Technologies, Inc. and festival organizer Yuhum Foundation, the beverage company engaged festival-goers in…
Finance Secretary Ralph Recto has secured the support of The Right Honourable Lord Mayor of London Alderman Michael Mainelli in advancing the Philippines’ ambitions in artificial intelligence (AI) and climate finance. In a high-level meeting on Oct. 29, 2024 at the Mansion House in London, Lord Mayor Alderman Mainelli invited the Philippines to join the…
Global gold demand rose 5 percent on an annual basis during the third quarter to a little over 1,300 tons, coming at over USD100 billion for the first time, the World Gold Council said on Wednesday. While global demand this quarter saw a record third-quarter increase, global investment demand “more than doubled” to 364 tons…
Aboitiz InfraCapital, Inc. (AIC), the infrastructure arm of the Aboitiz Group, has officially assumed full ownership today of Aboitiz GMR Megawide Cebu Airport Corporation (AGMCAC), the developer and operator of the award-winning Mactan-Cebu International Airport (MCIA). AIC completed the exchange of the previously issued PhP15.5 billion notes from AGMCAC’s Megawide Construction Corporation and GMR Airports…
A total of 98 low-income households in Camarin, Caloocan have gained safe and reliable access to electricity after receiving support from One Meralco Foundation (OMF), the social development arm of the Manila Electric Company (Meralco), through its Household Electrification Program. Communities that benefitted from OMF’s flagship program include North Triangle-Cielito Homes, Sunflower St. in Barangay…
The banking and finance sectors remain heavily reliant on extensive paperwork. Despite the push toward digitalization, many banks still require complex documents for data collection, record keeping, and other regulatory requirements. To ensure smooth operations, banks must have efficient, secure, and reliable printing solutions. Global technology company Epson is many banks’ preferred printing services partner…