Motor vehicle sales in November suffered a 7.4 percent decline due to the consecutive typhoons that badly hit growth driver regions -- Bicol, Central Luzon and the National Capital Region. A joint report by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck...
Century Properties Group Inc. is planning to raise up to P3 billion from a public offering of unsecured fixed-rate peso denominated retail bonds. In a disclosure to the Philippine Stock Exchange, the firm said its Board of Directors has approved the plan to offer P2 billion worth of retail...
The Department of Environment and Natural Resources (DENR) had just started its post-Typhoon Ulysses audit of all quarry and crushing plant operations in Rizal, but listed ATN Holdings Inc. (AHI) is already calling on the government to lift the suspension on the operations of its crushing plant in...
Del Monte Pacific Limited reported a turnaround in the second quarter (August to October) of its fiscal year 2021 with a net income of US$21.9 million from a net loss of US$37.35 million in the same period last year. In a disclosure to the Philippine Stock Exchange,...
GCash, the digital financial services firm of Globe Telecom, Inc., will fund a massive government-led re-forestation of Ipo Watershed, which is one of Metro Manila’s sources of freshwater. A statement showed that through donations generated from GCash, the Department of Environment and Natural...
The ‘investigative powers’ being exercised by the Department of Energy-Department of Justice (DOE-DOJ) task force over abuses in the downstream oil sector was proposed to be transferred to the Philippine Competition Commission (PCC) to ensure non-discriminatory handling of cases. The...
The devastation caused by successive typhoons last month once again highlighted issues on climate change. With damage wrought upon property and livelihood, we could not neglect the environment any further. Even with the dire news, it is not yet too late. We can contribute something, even in our own...
Two shareholder groups composed of rival siblings have been elected into separate boards of directors of Vallacar Transit, the country’s biggest bus company. Photo credit: https://www.facebook.com/VallacarTransitInc/ The group called the Yanson four said in a statement that the firm has...
It’s good news for both local hog raisers and meat importers after the Department of Agriculture (DA) moved to set aside a portion of its Bayanihan 2 budget to fund the establishment of four meat cold storage warehouses and meat-cutting facilities. In a statement, the DA, through its National...
To boost manpower hiring and livelihood opportunities in this pandemic times, Aboitiz Construction, Inc. (ACI) forged a tripartite partnership with social enterprise Asiapro Multi-purpose Cooperative and advocacy group Philippine Business Education (PBEd) to provide free technical vocational...
Vértere Global Solutions, Inc., a wholly-owned Filipino IT staffing solutions provider, sees slight decline in growth this year due to the pandemic, but expects robust demand for highly-skilled workers as companies continue their digital transformation to remain competitive....
The Games and Amusements Board recently lauded the staging of the first of two tournaments marking the Philippine Golf Tour restart after an eight-month hiatus due to pandemic and endorsed the staging of more pro golf events in the coming year. In a report to GAB chair Abraham Mitra, the...
