Business NEWS

Cryptocurrency company HyperBoost announced it has come up with a unique tokenomics and utility use case project that is second to none in the industry.

Investments in agro-based economic zones have reached P20.4 billion, providing employment to 41,205 Filipinos, the Philippine Economic Zone Authority (PEZA) reported.

Following a flat growth in 2020, the Philippines contact center sector is experiencing a strong rebound this year with single high-digit growth outpacing global growth on pent up global demand and the unique position of the country as the world’s outsourcing destination of choice.

Almost all businesses supported their workers during the pandemic even as lockdowns slashed sales, closed operations, and prevented some employees from working in the first year of COVID-19, according to a survey conducted in the second quarter.

Flour prices are up 15 percent while other ingredients in breadmaking are also on uptick, putting pressure on prices of bread, particularly Pinoy Tasty and Pinoy Pandesal.

The number of closed establishments outside of the National Capital Region (NCR) worsened to 7 percent from 4 percent with the imposition of different alert levels in the regions, while NCR has improved to 11.76 percent from 16 percent following the limited opening in restaurants and personal care services under alert level 4.

Food has always been the first to come to mind when one starts to think of going into business. Foremost, it will never run out of demand. As such, so many have tried their luck to partake in this kind of business.

This sounds cliché, but the most significant role of Filipino entrepreneurs, come hell or high waters or COVID-19, has remained the same: Entrepreneurship is geared towards nation building.

The Department of Trade and Industry (DTI) has decided not to impose provisional safeguard duty on imported petrochemical products amid inconclusive findings in its preliminary investigation.

Filipino-owned ToJo Motors Corp. is expanding its electric vehicle (EV) manufacturing operation in Mindanao to serve demands for cleaner and modern vehicles from regions outside Luzon.

Golden Haven Memorial Parks, the country’s first integrated deathcare services firm, said its sustainability measures have reduced carbon emissions of their memorial parks projects in the country.

Toyota Motor Philippines Corp. (TMP) inaugurated Friday , Sept. 24, its P4.7 billion Batangas Vehicle Center (BVC), as the car giant expressed confidence in the domestic automotive industry and the country’s strong economic recovery after the pandemic.

Makati-based iAcademy has vowed to produce graduates who should match the requirements of future work. The academic institution said this as it opens applications for senior high school students and college for school year 2022-2023 with free hands-on workshops.Alexandra Gozum, senior manager for admissions and corporate communications, said the school conducts PRIME Workshops every Saturday by their rockstar professors and industry leaders to ensure students and parents are well-informed and educated about the recent developments in the industry and how the school focuses its efforts on acquiring certification opportunities, international partnerships, and support from industry partners. “Throughout the year, iACADEMY offers webinars and PRIME Workshops which aim to help students decide which career path to take for Senior High School and College. Parents and guardians are also invited to attend the webinars and workshops to get substantial information on the programs being offered by the school and how they relate to career opportunities, forthcoming business trends, new developments in technology, and the advancement in the industries,” said Gozum. Through these initiatives, Gozum said students are given first-hand experience in collaborating with the most reputable companies in the industry, learning not only about theory-based practices but also demonstrated strategies applied to the current paradigms of successful businesses and organizations. “Hinged on the concept of discovering oneself, the school anchors theme on empowering students to journey towards unearthing their potentials and utilizing their skills to create solutions to real-world problems. Discover Game Changing, Discover iACADEMY, summarizes the invitation of the iACADEMY to students who are ready to experience an education that does not only inform but transforms and enables them to become experts in their chosen field,” added Gozum.Through the undertakings of its programs and activities, iACADEMY pledges its unique and unmatched approach to training students to become future-ready and globally competitive in their respective fields. Apart from PRIME Workshops, iACADEMY is also set to offer more game-changing partnerships, activities, and initiatives to further edify students before they are ushered into the real world. iACADEMY offers specialized programs in the areas of Computing, Business & Liberal Arts, and Design, and four exceptional tracks for Senior High School students. DRIVE Homeschool Program or Design for Remote, Individualized, and Versatile Education is also being offered to students who are interested in fully asynchronous distance learning.

State-owned Land Bank of the Philippines (LBP) has extended P840-million financing for the construction of the Philippine Economic Zone Authority (PEZA) headquarters in Pasay City.

Small Business Corporation (SBCorp) and Monde Nissin Corporation (MONDE) signed a memorandum of agreement, making MONDE the first accredited fast-moving consumer goods (FMCG) company partner for the micro lender’s STAPLES (Sustaining Trade Access to Primary Food and Link to Enterprises) program.

The pandemic has significantly slowed down the domestic e-vehicle (EVs) industry in 2020, with EV registration dropping 35 percent versus pre-pandemic level, according to the Electric Vehicle Association of the Philippines (EVAP).

Vaccine manufacturing operations in the country are expected to start as early as the second or third quarter next year with three projects are progressing in their processes, Trade and Industry Secretary Ramon M. Lopez announced.

Isuzu Philippines Corporation (IPC) has launched the All-New mu-X, targeting a bullish 10 percent market share or more than double its 4 percent market share in 2020.