State-run Social Security System (SSS) announced that it has entered into agreement with Union Bank of the Philippines (UBP) and Rizal Commercial Banking Corp. (RCBC) for the issuance of Unified Multi-Purpose ID (UMID) ATM Pay Cards. In a statement, Michael G. Regino, SSS president and chief...
Clark International Airport Corp. (CIAC) will oversee the operations of the privately-run Clark International Airport. CIAC officer-in-charge Darwin Cunanan said in a statement that Transportation Secretary Jaime Bautista directed the agency on November 7, 2022 to exercise “regulatory supervision...
The Fiscal Incentives Review Board (FIRB), chaired by the Department of Finance, has approved the tax incentive application of TDK Philippines Corp. (TPC). In a statement Tuesday, Dec. 6, Finance Assistant Secretary Juvy Danofrata said the FIRB approved the fiscal incentives for TPC’s P2.5...
Stumped by the slow progress of San Miguel Corp.(SMC) in building the vital 1.2-kilometer Connector road linking the eight-kilometer North Luzon Expressway (NLEX) to SMC's 18-kilometer Skyway Stage 3, Metro Pacific Tollways Corp. (MPTC) now wants to build the connector road itself while looking for...
Globe Telecom’s 917Ventures and Ayala Corp. are bringing Gogoro of Taiwan’s two-wheel electric vehicle and battery-swapping technology to the Philippines. To be piloted in Metro Manila in the first quarter of 2023, Gogoro’s Smartscooters will serve as an eco-friendly alternative to fossil...
Trans-Asia Shipping Lines, Inc. (TASLI), a subsidiary of Dennis A. Uy’s Chelsea Logistics and Infrastructure Holdings Corp., has launched its Facebook Messenger chatbot for passengers book trip and access information. In a disclosure to the Philippine Stock Exchange, Chelsea said the chatbot,...
The Securities and Exchange Commission (SEC) has busted the operations of Silverlion Livestock Trading Corp. in Zamboanga City as it continues the crackdown against unauthorized investment schemes. In a joint operation, the combined forces of the SEC Zamboanga Extension Office (ZEO) and the...
President Ferdinand "Bongbong" Marcos Jr. is hoping that the Court of Appeals (CA) will reconsider its issuance of a Temporary Restraining Order (TRO), suspending the implementation of the South Premier Power Corp. (SPPC) Power Supply Agreement (PSA) with the Manila Electric Co. (Meralco)....
Globe Telecom Inc. hauled in P12.5 billion Corporate Data revenues in the 3rd quarter, 21 percent up from a year ago and 31 percent higher than the 2019 pre-pandemic level, the telco anbounced Tuesday, November 22. Information and communications technology (ICT) services grew 96 percent...
“Planning is bringing the future into the present so that you can do something about it now.” Alan Lakein Accomplishing financial goals does not happen by chance. It requires adequate preparation, beginning with a well-thought-out plan. The importance of preparing for economic and financial...
The first five-kilometer section of the NLEX Connector between Caloocan Interchange on C3 Road and the future España Interchange in Manila is now 80 percent complete, NLEX Corporation President and General Manager J. Luigi L. Bautista announced Wednesday, August 24. The connector will shorten the...
Softdrinks, food and beverage manufacturers are in need of 450,000 metric tons of premium refined sugar for the remainder of this year to be able to run their factories at full capacity while they implement various measures to cushion the impact of the sugar shortage in their business. According to...
