The Philippine Amusement and Gaming Corp. (PAGCOR) would accredit eight more e-sabong companies as online cockfight betting is seen to overtake offshore gaming operation in terms of revenue contribution to state coffers. Andrea D. Domingo, PAGCOR chairman and chief executive officer said the...
The Philippine Guarantee Corp. (PhilGuarantee) is on track to hit its guaranteed loan target to the agriculture sector this year, the Department of Finance (DOF) said. In a statement released by the DOF, Alberto Pascual, PhilGuarantee president and chief executive officer said their guaranteed...
Insular Life (InLife) has assured its policyholders that claims and benefits due will be adequately provided as the country continues to reel from the effects of the coronavirus pandemic. InLife President and CEO Raoul E. Littaua In a statement, Raoul E. Littaua, InLife president and chief...
The Philippine Amusement and Gaming Corp. (PAGCOR) is against proposals to provide certain advantages to special economic zones involved in Philippine offshore gaming operations (POGO). Andrea D. Domingo, PAGCOR chairman and chief executive officer said Wednesday, July 28 that the government’s...
CEOs (chief executive officers) of companies in the Philippines expect the domestic economy to recover within three years yet, more conservative than the two-year recovery timeframe of multilateral institutions, a recent survey showed. This was revealed in the 2021 Mid-year CEO Survey conducted by...
Some 16 local and foreign business groups have strongly urged for the immediate enactment of the proposed Financial Consumer Protection (FCP) Act, which seeks to protect consumers amidst the growing complexity in financial services, especially digital services. In a statement the business group...
OCEA, a French shipbuilding company, has pledged P1.5 billion in investments for a shipyard project in the Philippines that may potentially create 500-600 direct and indirect jobs, according to the Department of Trade and Industry. The investment pledge was revealed by OCEA Chief Executive Officer...
Industry thought leaders called for urgent coordinated policy reforms and new development strategies to strengthen the country’s competitiveness through trade and investments. Former BSP Deputy Governor for Monetary and Economics Sector Diwa C. Guinigundo in his keynote address at the recent...
State-run Social Security System (SSS) said the pension fund’s unemployment benefit releases increased ninefold last year after the country’s jobless rate hit the highest level on record amid the pandemic. In a statement, Aurora C. Ignacio, SSS president and chief executive officer said on...
After 23 years at the helm of PLDT Inc., Manuel V. Pangilinan today (June 8) officially passed his baton as President and CEO baton to chief revenue officer Alfredo "Al" S. Panlilio during the telco's virtual annual stockholders' meeting. ASPanlilio-1000x620 Pangilinan, 75, stays on as chairman of...
Renegotiation of the contract of South Korean-owned Hanjin Heavy Industries and Construction-Phils. Inc. (HHIC-PH) for the sprawling shipyard facility in Subic is nearing completion and which will be assigned to their “white knight,” according to Subic Bay Metropolitan Authority. SBMA...
The Social Security System (SSS) will soon start accepting online Maternity Benefit Applications (MBA) and Maternity Benefit Reimbursement Applications (MBRA) through the My.SSS portal. (Unsplash) SSS President and Chief Executive Officer Aurora C. Ignacio said the online filling of MBA and MBRA...
