Business News
Ascott China and Jin Jiang Hotels announced a partnership during the 2024 ITB Asia event, marking Ascott’s 40th anniversary. This collaboration will launch TULIP LODJ and expand Quest’s presence in China’s upscale apartment hotel market, managing properties in Wuhan and Shenzhen. Leveraging both brands’ strengths aims to enhance brand influence and guest experiences.
Globe has begun restoration work in parts of Visayas where commercial power failure caused network outages amid the onslaught of Severe Tropical Storm Kristine. As of 9 a.m., Thursday, October 24, 2024, Globe has progressed in restoring call, text, and data services in some sites that experienced service disruptions due to power outages. These include…
Finance Secretary Ralph Recto, as Chair of the G-24, advocates for critical reforms in the IMF and World Bank to enhance support for developing countries. Key proposals include a new liquidity mechanism, ambitious goals for development, and reforms in debt relief and governance to amplify the voice of developing nations.
The Philippines has identified USD8.3 billion in untapped export opportunities within the EU, as discussed during recent PH-EU Free Trade Agreement (FTA) negotiations. DTI’s Allan Gepty emphasized the need for swift conclusion of talks to maintain preferential trade benefits as the Philippines approaches upper middle-income status, with further negotiations scheduled into 2025.
Global smart devices provider HONOR Philippines is far from over in launching innovative and affordable smartphones in the market. Fresh from the launch of its newest tablet, HONOR Pad X8a, and affordable, durable phone, HONOR X6b, HONOR just teased what seemed to be a water-resistant smartphone. “You are right; we are launching another smartphone very…
RHEA Generics is revolutionizing healthcare in the Philippines by providing affordable, high-quality generic medicines. Partnering with global pharmaceutical leaders, RHEA ensures safety and efficacy in healthcare solutions. Their commitment extends to public education, dispelling myths about generics, thus enhancing access to essential treatments for Filipinos nationwide.
Globe Telecom appointed Carl Raymond R. Cruz as deputy CEO, effective January 1, 2025, reporting to current CEO Ernest Cu. Cruz will be nominated as President and CEO at the April 2025 stockholders meeting. With extensive leadership experience, Cruz aims to drive growth and enhance customer experience in the telecom industry.
PetPal, the Philippines’ first pet care super app, has launched home vaccinations to promote proactive pet care during National Pet Wellness Month. This service aims to shift Filipino pet owners’ reactive health habits. Available in Metro Manila and surrounding areas, it allows easy scheduling and record updates, enhancing overall pet health management.
Following Typhoon Kristine, the DTI has implemented a price freeze on basic necessities in Albay province and Magpet Town, effective until further notice. The freeze, mandated by the Price Act, applies to essential goods, with strict penalties for violations. Consumers are encouraged to report any price hikes through official channels.
Kamala Harris, the US Vice President, cautioned against a Trump presidency, labeling him as “unserious” and emphasizing the serious global implications of his potential election. She criticized Trump for his handling of the COVID pandemic and expressed concern over his views on the Russia-Ukraine war, suggesting he would capitulate to Putin.