Diversified conglomerate San Miguel Corporation (SMC) posted a net income of P15 billion for the third quarter of 2020, a full turnaround from the P4.0 billion loss incurred in the first half following the easing of restrictions starting July. Consolidated revenues and operating...
• Ghosts don’t like to be around the living. Since everybody’s at home, the ghosts will probably go to other places that are unoccupied. • More people have become intuitively awakened and receptive because their lives have slowed down. • There’s a global conscious manifestation of fear,...
Alibaba Group’s annual 11.11 Global Shopping Festival will showcase 250,000 brands, including 6,000 overseas brands, which are expected to boost deliveries of parcels and orders by 30 percent this year. This photo taken on October 27, 2020 shows employees preparing items for the upcoming "Double...
Philippine firms have shelved their initial public offerings this year due to the pandemic in contrast to the robust number of companies that went public elsewhere globally undeterred by the real threats of the COVID-19. According to an EY quarterly report, EY Global IPO Trends Q3 2020, worldwide...
The Global Filipino Investors Inc. (TGFI), a group led by entrepreneur and housing tycoon Januario Jesus Atencio, is helping Filipinos take advantage of the capital market rut due to the pandemic in anticipation of an economic recovery. Januario Jesus Atencio TGFI is bringing together powerhouse...
San Miguel Corporation (SMC) has been given the prestigious Global Excellence Award by the world business organization International Chamber of Commerce’s national committee in the Philippines. This is for the conglomerate’s efforts to keep the economy going, sustain and generate more...
Panay Energy Development Corporation (PEDC), a subsidiary of Global Business Power Corporation (GBP), was bestowed highest compliance rating among coal-fired power plants in the country, on its adherence to the rules being enforced by the Wholesale Electricity Spot Market. The company, in a...
Donnie 'Ahas' Nietes Donnie Nietes is hoping to get marquee fights he has long desired after becoming the second boxer from the recently-closed ALA Promotions to sign with MTK Global and D4G Promotions. MTK announced the signing of the four-division world champion late Friday, almost a month after...
Although the aviation sector is "in the midst of the deepest shock in its history" with up to 5 million losing their jobs by yearend, it's sticking to its green goal of slashing CO2 emissions in half by 2050. Long-term climate action should be a priority alongside economic recovery in the coming...
The US government has urged the Philippines to review its mounting non-tariff measures (NTMs), which already reached 854, as these effectively restrict trade, lessen market competition, and make product’s prices more expensive, especially at this time of global supply chain disruption due to the...
Prime Global Corp. (PGC), which owns the leading homegrown condiments brand Barrio Fiesta, seeks to dominate the food sauces and package foods categories in the next three years by further expanding its operations despite challenging times. Photo credit: https://primeglobal.ph/ At present, Barrio...
The Securities and Exchange Commission (SEC) has stopped FCash Global Lending, Inc. from operating as a lending company due to its unfair debt collection practices. In an order, the SEC Corporate Governance and Finance Department (CGFD) canceled the firm’s certificate of authority (CA) after it...
