The Philippines experienced the highest increase in the usage of shopping apps in Southeast Asia in the second quarter this year, according to a report on the impact of COVID-19 on online shopping behaviors among six countries in the region. Data from iPrice Group’s Map of E-commerce report, in...
As Senate continues to debate on the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill emotionally, two big electronics companies are shutting down operations because of uncompetitive business environment, according to the Semiconductor and Electronics Industries in the...
Jollibee Foods Corporation continues to expand its footprint overseas despite the ongoing pandemic, this time opening its first Jollibee store in Rome, Italy. In a statement, Jollibee said its new Rome branch is along Via Ottaviano, which is only a stone’s throw away from St. Peter’s...
World trade shows signs of bouncing back from a deep, COVID-19 induced slump, but World Trade Organization economists caution that any recovery could be disrupted by the ongoing pandemic effects. The WTO forecasts that merchandise trade volume could fall 9.2 percent in 2020 less than the 12.9...
The Philippines and Germany have agreed to strengthen bilateral cooperation in manufacturing, construction and innovation at the successful convening of their inaugural Joint Economic Commission (JEC). The Philippines-Germany Joint Economic Commission Co-Chairs Parliamentary State Secretary Marco...
The Filinvest Group of the Gotianun family has launched Filinvent.io, an open innovation program to help its operating companies “reinvent” and digitally transform themselves through various startup engagements. The program, launched through the group’ new corporate innovation and...
The Philippine Stock Exchange (PSE) has approved the listing of the shares for the P1.13 billion follow-on offering of PH Resorts Group Holdings, Inc. (PHR), the Udenna Group’s gaming and hospitality subsidiary. “It’s all systems go. Despite the on-going COVID-19 pandemic we are playing...
Philippine Cement Corp. (Philcement) firmly asserted of its compliance with the standards set by the government as shown by the required certifications issued by the Department of Trade and Industry. “Philcement asserts firmly that the company is compliant with the provisions of DTI AO 17-06...
San Miguel Corporation (SMC) assured that the design for its Bulacan international airport project includes measures to deal with risks such as flooding as was raised during the Senate hearing on the proposed franchise for the facility. SMC president and COO Ramon S. Ang “We would like to assure...
Global Business Power Corporation (GBP) President Jaime T. Azurin was selected as one of the Outstanding Leaders in Asia at the 2020 Asia Corporate Excellence and Sustainability (ACES) Awards, organized by the MORS Group. The Outstanding Leaders in Asia Award is presented to inspiring leaders and...
Fashion fans rejoice! This month, Swedish fashion brand Monki, under the H&M group, is entering the local fashion scene with its creative collections and inspiring store concept. “We have a strong Monki following in Asia, and the Philippines is a new and exciting market for us,”...
The corporation has come up with new innovations to bolster the country’s health system—a health app and a breathing aid device The Ayala group, led by its healthcare unit Ayala Healthcare Holdings, Inc. (AC Health), has committed to further increase its efforts to support the government...
