Business NEWS

ACEN integrates BESS into Australia solar project

EMS Group of Companies Chairman and CEO Perry Ferrer is leading this year’s 48th Philippine Business Conference and Expo, the biggest annual business conference in the country, organized by the Philippine Chamber of Commerce and Industry (PCCI).

Cebuana Lhuillier, one of the country’s largest and leading microfinance services company, teamed up with new major telco player, DITO Telecommunity to expand its services to Filipinos.

Globe Telecom Inc. expects to end the year with about 1,700 new cell sites to reach more customers and beat 2021’s total of 1,407 cell sites, the telco announced Wedneday, May 25.

EEI Corporation has shared its notice and agenda for its 2022 Annual Stockholders’ Meeting to be held on June 24, 2022. Details to participate are listed here.

It is the responsibility of employers to make sure that they ‘protect the protectors’ of the internet, the content moderators.

Universal Robina Corp.’s (URC) subsidiary in Thailand has been recognized with the Good Environmental Governance Award 2021 for two of its facilities at the Samut Sakhon Industrial Estate, southwest of Bangkok.

Eagle Cement Corporation will be holding its Annual Meeting of the Stockholders on June 23, 2022, 2:00 p.m., with details to participate listed here.

The Annual Stockholders' Meeting (ASM) of City & Land Developers, Incorporated will be held virtually or via  ZOOM on June 14, 2022. Details to participate are listed here.

Euro-Med Laboratories Phil. Inc's will be holding its Annual Stockholders Meeting on June 15, 2022 virtually with details to participate listed here.

A fiscal crisis is nothing new to the Philippine government.   Our Presidents faced shortages in revenues and mounting debts, albeit under different conditions. The problem of President Marcos was the civil unrest due to abuses of the martial law regime. President Cory inherited the instability brought about by corruption and loss of trust in the Marcos’ government. President Ramos faced high budgetary deficits due to years of blackouts and coup d’état. President Arroyo battled governance crisis from the anomalous ZTE deal and the Garci scandal. The pandemic eroded the gains from the fiscal reforms of the Duterte government. 

At least a thousand Filipino exporters are gearing up for bigger market access at preferential rates once the Philippines fully participates in the mega trade deal Regional Comprehensive Economic Partnership (RCEP).

Russia’s war in Ukraine and recent pandemic-related lockdowns in China appear to be dampening global goods trade in the first half of 2022 and turning optimism for trade growth to flat, according to the latest WTO Goods Trade Barometer.

Presumptive President Ferdinand R. Marcos Jr. will inherit a narrower economic growth target following a downgrading of growth forecast this year to 7.0 percent and 8.0 percent from the original assumption of 7.0 percent to 9.0 percent by the outgoing Duterte administration.

Presidential Adviser for Entrepreneurship and Go Negosyo founder Joey Concepcion said the economy will return to pre-pandemic activities by the second half of 2022, provided the incoming administration focuses on the micro, small, and medium enterprises and alert levels are not heightened.

Malacanang has approved the Strategic Investment Priority Plan (SIPP), the country’s first list of priority economic activities eligible for government tax and fiscal incentives under the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) Law.

The local stock market fell further as investors remain cautious amid uncertainties at the local front and overseas.

The Securities and Exchange Commission (SEC) is coming out with a list of equities, bonds, funds and other securities in which Personal Equity and Retirement Account (PERA) funds may be invested.