The domestic plastics industry has been alarmed by the passage in the Lower House of HB 9147 (Single-Use Plastic Products or SUPs Regulation Act) and HB 9171 (Plastic Tax Act), imposing P20 per kg. excise tax on plastic bag products, which seek to curb the plastic waste problem. Photo credit:...
EDITORS DESK Ramon Bonilla With the Olympic fever slowly fading from national consciousness and the Filipino winners now settling into their brandnew life of the rich and famous after a performance to remember in Tokyo, the question now lies on the sports leaders on how they will value time and...
Filinvest REIT Corp., (FILREIT) successfully listed at the Philippine Stock Exchange, closing the day one fluctuation higher at P7.02 from its initial public offering price of P7.00 despite the drop in the local market. “After months of great uncertainty, we finally arrived in our destination:...
Photos from AFP San Miguel Corporation (SMC) president Ramon S. Ang has pledged a total of P22 million in incentives to the Tokyo Olympics medalists who carried the Philippines to its greatest performance yet in 97 years of competing in the biggest sporting stage. Ang, a longtime sports patron,...
The Philippine Stock Exchange announced the recomposition of its benchmark index with the addition of AC Energy Corporation and Converge Information and Communications Technology Solutions, Inc. starting August 16, 2021. In a statement, the bourse said the two securities will replace DMCI Holdings,...
Diversified conglomerate San Miguel Corporation (SMC) posted a net income of P29.6 billion in the first six months of 2021—a significant turnaround from its P4.0 billion net loss in the same period last year. In a statement, the firm attributed its performance to the robust recoveries posted by...
San Miguel Food and Beverage, Inc. (SMFB) reported that its first half consolidated net income rose 137 percent to P17.36 billion, surpassing pre-pandemic profits in the first half of 2019. In a disclosure to the Philippine Stock Exchange, the firm said this was driven by stronger operating...
Trade and Industry Secretary Ramon M. Lopez has assured the public that there is more than enough supply of medical oxygen (O2) to quell panic, even raising the potential of allowing more importation and a stern warning against hoarding. “Current industry capacity is about 3 times more than...
Trade and Industry Secretary Ramon M. Lopez has urged Congress to pass the 3 pending economic reform bills in this third quarter or before the filing of candidacy for the national elections in October to sustain growth in foreign direct investments (FDI) and drive economic recovery post COVID....
San Miguel Corporation (SMC) assures the public that the conglomerate is adequately prepared to supply much-needed food, fuel and power throughout the two-week lockdown aimed at containing surging COVID-19 cases.
SMC President Ramon S. Ang said in a statement that the company is also prepared to...
The Fiscal Incentives Review Board (FIRB) has approved the grant of tax incentives for a mass housing project and two cement manufacturing plants all located outside Metro Manila. Chaired by Finance Secretary Carlos G. Dominguez III, the FIRB during its third meeting last August 2 approved the tax...
San Miguel Corporation is aiming to give over 35,000 employees and extended workforce their first dose of COVID-19 vaccines in the next five weeks following the delivery of the first tranche of Astra Zeneca vaccines it procured. SMC president Ramon S. Ang said that the company had already delivered...
