Larong Volleyball sa Pilipinas Inc. (LVPI) president Joey Romasanta is writing to the International Volleyball Federation (FIVB) to seek clarification on the status of their association. The move came after the FIVB, in a letter signed by General Director Fabio Azevedo , requested the Philippine...
Business tycoon Manuel B. Villar has emerged as the only Filipino listed in Bloomberg Billionaire Index, a daily ranking of the world’s top 500 richest people, amid the economic turmoil caused by the pandemic. Business tycoon Manuel B. Villar (FACEBOOK / FILE PHOTO / MANILA BULLETIN) Based on the...
Converge ICT Solutions, Inc. (CNVRG), the country’s biggest end-to-end fiber internet provider, makes its fiber network redundant and boosts its service by deploying a third core backbone node as part of its P30 billion capex. "We are all about customers’ online experience. This how we...
Filipino-owned Century Pacific Food Inc., the Philippines largest canned food manufacturer and leading producer in ASEAN, is looking at P50 billion in revenues this year with conservative growth target of 10 percent, lower than the expected phenomenal 20 percent growth in 2020. Company COO and EVP...
Despite the persistence of COVID-19 pandemic, which has been causing an increase in water consumption, government authorities and utility firms are confident that there will be no water crisis in the coming months, especially in summer. “We can assure of sufficient water supply for summer this...
The year 2020 and what it had in store surprised us all— it changed our lifestyle in ways we never anticipated. With the implementation of strict lockdowns in different parts of the world, the Philippines included, to combat the threat of Covid-19 pandemic, this caused domino effects not just in...
The Securities and Exchange Commission (SEC) has green-lighted the country’s first crowdfunding platform that will connect small, medium and emerging enterprises with banks and other lenders. A joint venture between Filinvest Development Corporation and Investree Singapore Pte. Ltd., Investree...
Domestic car manufacturers and traders slammed the decision of the Philippine government to slap a punitive safeguard duty on imported completely built up (CBU) cars and light commercial vehicles (LCVs), citing short and long-term risks to the industrial sector, price hikes, deferment of expansion...
Market Year-ender Shown at the last day of trading for 2020 are (from left): PSE Finance Division Head Roberto Jose R. Jimenez and Securities Clearing Corporation of the Philippines COO Renee D. Rubio; PSE COO Roel A. Refran and PSE President and CEO Ramon S. Monzon. One would run out of...
Vista Land & Lifescapes, Inc., one of the country’s leading integrated property developers and the largest homebuilder, is optimistic about its prospects in iews 2021 following its recent developments amid the pandemic. “While COVID-19 continues to impact our performance, both...
Year-Ender The maritime sector handles 90 percent of global trade. No wonder, hell broke loose when most international borders slammed shut in March. Port operators wrestled with congestion although the ports stayed open. “Throughout these lockdowns, all of our ports – without exception...
The International Finance Corp. (IFC) plans to issue loan financing to the country’s largest microfinance institutions to help them remain afloat and save jobs as the Philippines grapples with the economic impacts of the COVID-19 pandemic. In a statement, IFC said the World Bank Group member...
