Executives from Rizal Commercial Banking Corporation (RCBC), Versa Networks, Trends and Technologies, and VSTECS Phils., Inc. came together for the ceremonial contract signing and presentation of a plaque of appreciation to RCBC. This contract marks the largest deployment of Versa Secure SD-WAN in...
The Philippine Amusement and Gaming Corp. (Pagcor) is stepping up its game with an upgrade to its Casino Filipino venues to attract more players and boost revenue. In a statement, Alejandro H. Tengco, Pagcor chairman and chief executive officer, said that 1,968 units of the 3,341 new slot machines...
The Ninoy Aquino International Airport (NAIA), notorious for its congestion and delays, is about to get a much-needed facelift. The San Miguel Corp. (SMC) consortium has pledged to revamp the airport and improve the travel experience for millions of passengers. Starting Sept. 14, the SMC-led New...
The Department of Budget and Management (DBM) condemned the Medical Action Group for spreading false and misleading information regarding the coverage of the Philippine Health Insurance Corp. (PhilHealth). In a statement, the budget department said the group is sowing fear and panic among Filipinos...
Data center developer A-FLOW, a joint venture between FLOW Digital Infrastructure (FLOW) and AyalaLand Logistics Holdings Corp. (ALLHC), has completed the structural framework of its new ML1 Data Center in Biñan, Laguna. ALLHC said the three-building carrier-neutral campus is designed to meet the...
The Economic Journalists Association of the Philippines (EJAP), in partnership with San Miguel Corp. (SMC), is hosting the first aviation forum. The EJAP-SMC Aviation Forum will be held on Monday, Sept. 9 at the Makati Diamond Residences. The forum precedes the management transfer of...
BAGUIO CITY – San Miguel Corp. on Tuesday, September 3, turned over a donation of 140 chairs, five teacher’s tables, and 242 gallons of paint to the Department of Education-Schools Division Office here. SAN Miguel Corp. special projects manager Micaela Rosales (fourth from left) and Mayor...
The International Finance Corp. (IFC) is ramping-up investments in non-bank lenders in the Philippines, in line with its push to support more small businesses and boost financial inclusion. The IFC disclosed on Aug. 28 that its board will approve on Sept. 27 a loan investment in Asialink...
The Energy Regulatory Commission (ERC) has slapped system operator National Grid Corporation of the Philippines (NGCP) with P3.5 million worth of penalties for at least 10 transmission projects that it failed to deliver on targeted commercial operations date. A statement from the regulatory body...
State-run Maharlika Investment Corp. (MIC) admitted that it is encountering difficulties in complying with the Governance Commission for government-owned and controlled corporations (GCG). Rafael D. Consing Jr., MIC president and chief executive officer, disclosed that the oversight body for...
The price offers from the coal plants of San Miguel Corporation and Aboitiz Power Corporation have been declared as best ‘lowest bids’ and prospective winners in the 600-megawatt supply procurement of power utility giant Manila Electric Company. The lowest acceptable price tenders in the...
With additional revenues to be drawn from geothermal assets that are coming on commercial stream, Lopez-led First Gen Corporation is expecting overall profit boost this year, according to a top executive of the company. First President and COO Francis Giles B. Puno indicated that at least 83...
