Business News
The DTI organized a conference in Makati City to promote standardized EV battery and charging systems in the Philippines, collaborating with Japan’s METI. The event emphasized international cooperation for safety standards and highlighted advances in battery technology. The DTI aims to enhance local EV quality, attract investment, and ensure consumer protection.
The Philippine Economic Zone Authority (PEZA) director general Tereso Panga offers generous incentives and lower industrial power rates to Singaporean investors to encourage more investments in the country’s many economic zones. Panga attended the recently concluded 4th Philippines-Singapore Business and Investment Summit (PSBIS) panel in Singapore and boasted Manila’s fiscal incentive regime, which is already…
Tata Consultancy Services has signed a two-year partnership with George Yang-led Golden Arches Development Corporation (GADC), the master franchise holder of McDonald’s in the Philippines, to standardize and digitize the IT operations for the company’s 760+ restaurants. This partnership is TCS’ first with the fast-food chain in the Asia-Pacific region. Margot Torres, managing director at…
The Philippine Amusement and Gaming Corporation (PAGCOR) inaugurated its 41st Socio-Civic Center in Dasmarinas, Cavite, on Wednesday. The three-story modern structure was built with a Php50 million grant from PAGCOR and is the only socio-civic facility with complement funding from the city government, bringing the total project cost to Php110 million. It is also the…
Cryptocurrency exchange Coins.ph announced at Solana’s Breakpoint 2024 conference that PHPC, its fully backed and central bank-regulated Philippine Peso stablecoin, will soon be supported on the Solana blockchain. This marks a major milestone in expanding PHPC’s availability and allows the Solana community to leverage PHPC for a range of use cases, including cross-border transfers, DeFi,…
The Bureau of Customs (BOC) confiscated over P20 million worth of smuggled fuel and two vessels in Navotas on September 18. The two fuel tankers are now under the custody of the Bureau for their alleged involvement in the illegal fuel transfer, or “paihi” modus. Upon receiving the derogatory information, Customs Investigation and Intelligence Service—Manila…
The Bureau of Customs (BOC) denied recent reports claiming that rice shipments accumulate at Manila ports, raising concerns over potential delays and their effect on rice prices. The BOC clarifies that the situation is not related to port congestion but stems from pending actions required by consignees for the release of these shipments. BOC commissioner…
The domestic car industry maintained strong growth, with 39,155 units sold in August 2023, a 6.7% increase from the previous year, but a slight decrease of 0.4% from July. Year-to-date sales reached 304,765 units, marking a 10.3% increase. CAMPI projects annual sales to rise to 468,000 units this year.
Financial analysts have predicted that SM Investments Corporation (SMIC) will finish 2024 on a stronger footing, based on a solid first-half performance.
By: Leila Valencia/Photos by Edwin Lovino On June 13, 2024, the Philippine Charity Sweepstakes Office (PCSO) and Philippine Racing Commission (PHILRACOM) reached an agreement and signed a Memorandum of Agreement (MOA) at the PCSO Main Office, Shaw Boulevard, Mandaluyong City. The MOA signifies the continued commitment of PCSO to support the horse racing industry by…