Two subsidiary firms of diversifying conglomerate San Miguel Corporation (SMC) tendered the lowest bid for the competitive selection process (CSP) for the supply of 1,800 MW power capacity to Manila Electric Company (Meralco) over a 20-year year period. The winning SMC companies are...
The COVID-19 global pandemic is sorely testing our people's resolve to create a better life for themselves. SECRETARY RAMON LOPEZ Department of Trade and Industry (Photo by Mr Mark Ches Ang) This isn't surprising as the pandemic has shaken even the world’s strongest economies. That's why we at...
Business name registration for online retailing already reached 1,539 in January this year, almost hitting the 1,700 online retailers registered in the first quarter in 2020. This was revealed by Trade and Industry Secretary Ramon M. Lopez in his opening speech today, Feb. 18, at the Amazon...
Philippine National Volleyball Federation Inc. (PNVF) President Tats Suzara has appointed former national team players to comprise the association’s National Team Commission that would oversee the selection of future PH team members. Among those appointed were Fe Mejia-Moran, Grace Antigua,...
To speed up work on the Skyway Extension project, San Miguel Corporation (SMC) will close off the Alabang southbound exit toll plaza starting Saturday midnight, February 20, 2021. The Skyway Extension project is a key feature of the 38-kilometer elevated Skyway system, extending it from Skyway Main...
Life, at times, would bring existential twists. And once you are usurped by Divine prerogatives, you can either be knocked down or you can take that injunction of helping others – so they too may live on and thrive. That became the guiding light for billionaire and San Miguel Corporation...
Trade and Industry Secretary Ramon M. Lopez has warned of irreversible damages to the economy and future of next generation if the country’s high hunger and unemployment levels continue. Lopez said this as he meets today with Metro Manila mayors to explain the Cabinet economic cluster’s...
San Miguel Corporation (SMC) announced that it has distributed over 70,000 “nutribuns” to poor communities as part of its ongoing efforts to provide food aid for Filipinos struggling to cope with the impact of the pandemic. “It’s been almost a year since the pandemic started,...
Although cash lanes continue to operate, cashless electronic toll collection for motorists using both the Skyway and the South Luzon Expressway surged 85 per cent, San Miguel Corporation (SMC) today (February 16, 2021) reported. Better yet, Autosweep RFID toll collection improved traffic throughput...
The Bangko Sentral ng Pilipinas (BSP) reported Monday that gross international reserves (GIR) dipped to $108.799 billion in January from December 2020’s $110.117 billion due to government withdrawals to pay for foreign-denominated loans, and changes in the price of gold. The BSP in a statement...
The Department of Trade and Industry will require motor vehicle dealers to allow outright cash mode of payment as an option amid complaints that buyers are forced to pay on installment basis only where interest rate is usuriously high. DTI Secretary Ramon M. Lopez said at the Senate hearing by the...
By BERNIE CAHILES-MAGKILAT and JEAN FERNANDO The reopening of traditional cinemas is expected to bring back displaced workers and help revive the entertainment industry, which was pegged at P13 billion and employed roughly 300,000 Filipinos before COVID-19 lockdowns and quarantines padlocked...
