The country’s information technology and business process management (IT-BPM) sector is on track to reach $40 billion in revenues this year as investor confidence in the industry remains robust despite the looming threat of the United States’ (US) tariff policy. IT and Business Process...
State-run Development Bank of the Philippines (DBP) reported that its net income surged to ₱1.61-billion in the first quarter of the year, an 82 percent increase from a year earlier due to intensified lending activities in its priority sectors and key industries. In a statement, DBP President and...
Expect pickup trucks to be more costly after the provision reimposing the excise tax on the vehicle type was approved, alongside other tax reform measures under the proposed Capital Market Efficiency Promotion Act (CMEPA). The CMEPA, a legislation deemed a priority of the administration under the...
Height Realty Inc. has announced that the land development of its flagship upscale residential project, Southlinks Estate in Las Piñas City, is proceeding as planned and is on track for completion by the second quarter of next year. In a briefing, Height Realty President and Chief Executive...
InLife, the largest Filipino-owned life insurer, has completed its acquisition of Generali Life Assurance Philippines to create a stronger, more customer-focused organization after securing approvals from regulatory bodies. In a statement, Nina D. Aguas, InLife executive chairperson, said the...
Aboitiz InfraCapital (AIC), the infrastructure unit of the Aboitiz Group, is aiming to deliver long-term water security in Iloilo City after bagging the original proponent status (OTS) for its proposal to construct and operate the city’s bulk water facility. AIC said the OPS to develop the Iloilo...
Meralco PowerGen Corporation (MGen), the power generation arm of Manila Electric Company (Meralco), announced that its subsidiary, PacificLight Power Ltd. (PLP), is on track to begin operations of its additional 100-megawatt Fast Start gas turbine capacity this quarter. MGen stated that PLP is set...
The National Electrification Administration (NEA) has partnered with a Spanish engineering firm in an effort to link Camiguin Island to the Mindanao power grid. In a statement, NEA said it signed a feasibility study contract with Osprel SL, a Madrid-based engineering consultancy, to conduct...
Former senator Richard Gordon was unanimously re-elected as Chairman and Chief Executive Officer of the Philippine Red Cross (PRC) during its 34th Biennial Convention. Reaffirming his leadership at the helm of the organization, former Senator Richard Gordon was unanimously re-elected as Chairman...
In a bid to better understand and reconcile the needs of the labor sector as well as the business sector, Sen. Alan Peter Cayetano proposed the creation of an Executive-Legislative Labor Commission that will pursue a sustainable and transparent solution to the daily minimum wage issue. Sen....
Malacañang has belied the memorandum circulating online which hinted a change in leadership in the House of Representatives, following recent survey results impacting President Marcos' trust ratings and administration candidates' poll rankings. (From left) President Ferdinand "Bongbong" Marcos Jr....
The Philippine Red Cross (PRC) reaffirmed its commitment to disaster preparedness by hosting its 34th Biennial National Convention from April 28 to 30 at the PRC Logistics and Multi-Purpose Center (PLMC) in Mandaluyong City. To prepare the foremost humanitarian organization in the years ahead, the...
