Business News
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…
The Regional Travel Fair (RTF) successfully concluded its final leg this year in Roxas City, Capiz, with P348.5 million in sales leads and P20.67 million in actual negotiated sales. Held from October 18 to 20, the travel fair organized by the Tourism Promotions Board (TPB) Philippines showcased the tourism potential of the Western Visayas region…
The Philippine Amusement and Gaming Corporation (PAGCOR) announced today that its revenues for the first nine months have reached P79.43 billion, up 42% from the P55.95 billion revenues year-on-year. According to PAGCOR chairman and CEO Alejandro H. Tengco, the state gaming agency’s notable performance was again driven by the robust Electronic Games sector, followed by…
The Bangko Sentral ng Pilipinas (BSP) emphasized the importance of leveraging data and innovative tools to support evidence-based policies during the 35th National Statistics Month (NSM) closing ceremony held online on 29 October 2024. In line with the theme, “Advancing Data and Statistics Through Digital In Transformation: A Road to an Empowered Nation, the BSP…
On October 30, 2024, Bureau of Customs (BOC) Commissioner Bienvenido Y. Rubio, alongside Department of Agriculture (DA) Secretary Francisco Tiu Laurel, Jr., inspected 21 forty-foot containers of frozen mackerel from China at the Manila International Container Port (MICP), which were confiscated for lack of the necessary import clearance. The subject shipments, estimated to be worth…