Business News
Manuel V. Pangilinan-led Manila Electric Company (Meralco) showcased its initiatives and advocacies supporting the Philippines’ transition to e-mobility during the 12th Philippine Electric Vehicle Summit, held from October 24 to 26, 2024, at the SMX Convention Center Manila in Pasay City. Meralco’s booth at the 12th PEVS displayed its Electric Vehicle (EV) Adoption Program pillars…
The Manila Electric Company (Meralco) has assured its customers that it remains on full alert throughout the Undas break, with crews and personnel ready to respond 24/7 to any possible electricity service concern. Following the onslaught of Severe Tropical Storm Kristine, Meralco continues monitoring Super Typhoon Leon. “We are one with the nation in observing…
Iwa Moto, a prominent Japanese-Filipino actress and former reality TV star, has successfully transitioned from entertainment to a successful business venture on TikTok Shop, showcasing the potential of social commerce for local entrepreneurs. With over 1.1 million followers and 7.7 million likes on her TikTok account (@iam_iwa), Moto demonstrates how strategic use of the platform…
Toyota Motor Philippines (TMP) prioritizes customer safety this Undas season by offering FREE emergency roadside assistance from October 31 to November 3. Motorists traveling to their destinations can avail of the free assistance at the following participating dealerships: Area Dealership 1 Metro Manila Toyota Abad Santos 2 North Luzon Toyota Angeles, Pampanga 3 Toyota Baguio…
eCommerce platform Lazada announced the inaugural launch of the Artificial Intelligence Adoption in eCommerce in Southeast Asia whitepaper. Jointly developed with Kantar, the whitepaper surveyed more than 6,000 shoppers across six Southeast Asian markets to comprehend the usage and adoption of artificial intelligence (AI) on eCommerce platforms by analyzing awareness, trust and preferences, shopping behavior,…
The Bureau of Internal Revenue (BIR) said Tuesday the raided cigarette factory in Cabanatuan City in Nueva Ecija last month has a tax liability of PHP636 million. In a statement, BIR Commissioner Romeo Lumagui Jr. said the recent raid of the cigarette factory in Cabanatuan City shows the government’s continuous war against illicit trade. He…
The Auction Committee of the Bureau of the Treasury (BTr) fully awarded the PHP15-billion re-issued 10-year Treasury bonds (T-bonds) on Tuesday. The T-bonds were oversubscribed attracting PHP43.28 billion worth of tenders as the debt paper fetched higher yield. The average yield for the auction was at 5.87 percent, slightly higher than the 5.85 percent PHP…
The National Electrification Administration (NEA) on Tuesday said 1.6 million households have already reconnected to electricity services following the impacts of Severe Tropical Storm (STS) Kristine (international name Trami) to energy infrastructure. In an interview with Bagong Pilipinas Ngayon, NEA Administrator Antonio Almeda said 2.1 million connections across 12 regions were affected by the typhoon…
Department of Finance (DOF) Secretary Ralph Recto said his office respects the Supreme Court’s (SC) temporary restraining order (TRO) on transferring the idle funds of the Philippine Health Insurance Corp. (PhilHealth) worth PHP89.9 billion to finance other programs of the government. “We respect the Supreme Court’s intervention. As a public servant myself, I recognize the…
The FinTech Alliance PH is proud to announce its participation in the 9th Hong Kong FinTech Week (HKFTW) 2024, which will take place from October 28 to November 1 at the AsiaWorld Expo in Hong Kong. This collaboration with the Philippine Consulate General in Hong Kong underscores the Philippines’ commitment to being at the forefront…