Trade and Industry Secretary Ramon M. Lopez has vowed of government policies that strengthen prioritization of local procurement over imports to boost domestic demand and rebuild jobs amid high unemployment in the country following several company closures due to the...
The Philippine Stock Exchange has approved the stock offerings of Monde Nissin Corporation and AC Energy Corporation which, combined, will raise up to P88.9 billion from the equities market in May. For its initial public offering (IPO), Monde Nissin Corporation will be raising up to P72.45 billion....
The government has allocated P1.14-trillion budget for the implementation of the National Employment Recovery Strategy (NERS) 2021-2022, top-billed by high impact infrastructure projects. Based on the Department of Labor and Employment presentation at the Pre-Summit Dialogue for Business by...
Six Japanese wiring harness firms are investing in the country with estimated investments of P10.5 billion and 18,650 jobs potential, according to Trade and Industry Secretary Ramon M. Lopez. Lopez based his announcement on the report by Commercial Counselor and Special Trade Representative...
San Miguel Corporation (SMC) today (April 22) formally opened the Nagtahan northbound and southbound exit ramps of the new Skyway Stage 3 elevated expressway enabling motorists north and south to access Sta. Mesa and the City of Manila directly, in record time, announced President Ramon S. Ang. San...
The power generation arm of San Miguel Corporation will cough up US$1.0 billion worth of investments for 31 new battery energy storage (BES) projects that it will be deploying in various sites nationwide. The company, in a statement to the media, has emphasized that the BES facilities will have...
Business name registrations in the first quarter this year already reached 432,962 almost half of the entire 2020 that registered with the Department of Trade and Industry (DTI) as economic challenges forced Filipinos to find innovative ways to earn a living during the pandemic. Trade and...
San Miguel Corporation announced that the first intensive studies on the Pasig River bed has started as part of preparations for a “historic effort” to it up. SMC President Ramon S. Ang The project will be fully funded by SMC and jointly undertaken with the Department of Environment and...
Despite the raging pandemic, PHINMA Corporation is raising P2 billion from a bond offering to fund investments as it is optimistic that recent developments will boost economic recovery and growth. During the firm’s annual stockholders’ meeting, PHINMA President and CEO Ramon R. del Rosario Jr....
Local stocks dropped as investors preferred to hold on to cash during the weekend. The main index lost 45.15 points or 0.69 percent to close at 6,494.81 with the Property sector leading the retreat while the Mining and Oil counter advancing the most. Volume remained low with 6.77 billion shares...
The San Miguel Corporation Board of Directors has approved the amendment of the firm’s by-laws to formally transfer the position of Chief Executive Officer from the Chairman to the President. The move formally makes SMC President Ramon S. Ang the official CEO after holding the title of Chief...
Filipino-owned United Laboratories (Unilab), the leading pharmaceutical company in Southeast Asia, has been confirmed to do local vaccine manufacturing in the country starting with the COVID-19 with plans to also export to other ASEAN countries, according to Trade and Industry Secretary Ramon M....
