Seven members of the SM Group of Companies, led by flagship SM Investments Corporation (SMIC), clinched 10 awards for their high scores in the recently concluded 2019 ASEAN Corporate Governance Scorecard (ACGS) assessments. For the 2019 ACGS Assessment, three award categories were recognized:...
The Department of Agriculture (DA) has endorsed Subic Bay International Terminal Corp. (SBITC) as a discharge port for containers of imported livestock and raw materials due to its world-class quality of service and strategic location. The terminal "ensures unimpeded trade for the livestock...
Plans also include new dealerships and perhaps a new K-pop partnership Written by Eric Tipan As the brand introduced a new slogan early this year, Kia Philippines used its ‘power to surprise’ and revealed big plans to drive them to their two main goals in 2021, double market share and...
Swedish motorcycle brand, Husqvarna, is now back in the Philippines. The unique brand, founded in 1903, is known for its eccentric style. This 2021, it returns with fresh optimism for 2021 under its new distributor, Adventure Cycle Philippines, Inc. (ACPI), known for its Austrian motorcycle brand,...
The National Privacy Commission (NPC) has ordered Familyhan Credit Corp. to immediately stop processing the personal data of more than 6,000 borrowers following an investigation of complaints that the online lender has put at risk the privacy of the data subjects in violation of the Data Privacy...
DITO CME Holdings Corporation, the communications, media and entertainment unit of Davao businessman Dennis A. Uy, has teamed up with CloudSwyft to put up an online education platform. In a statement, DITO CME said it has signed a joint venture agreement with...
The private sector's takeover of water districts often results in job losses to government employees, something that worries the Local Water Utilities Administration (LWUA). LWUA Administrator Jeci Lapus said that because of the joint ventures (JV) between private companies and state-owned water...
Prime Water Infrastructure Corp., a company owned by the family of Senator Cynthia Villar, has already taken over “100 water districts and counting” nationwide, a top official from Local Water Utilities Administration (LWUA) said. LWUA Administrator Jeci Lapus said that of the more than 500...
This year, NLEX Corporation continues building its three major road projects - Subic Freeport Expressway (SFEX) Capacity Expansion, Candaba Viaduct Upgrade and NLEX Connector. “These will improve traffic flow and connectivity, as well as promote road safety for hundreds of thousands of motorists...
Ayala Corp. (AC), one of the country’s leading conglomerates, is increasing its investments in the country with about P182 billion in capital expenditures earmarked for this year for their various businesses even as the company continues its COVID-19 efforts with donations already hitting P12.7...
The board of directors of First Gen Corporation approved the declaration of cash dividends on array of its preferred shares that shall be paid to its shareholders by January next year. The company, in its disclosure to the Philippine Stock Exchange (PSE), stated that it will extend cash dividend of...
Glitches in the cashless toll system, like the one which North Luzon Expressway Corporation (NLEX Corp) admitted to, are "not new," the Toll Regulatory Board (TRB ) declared in its statement issued late last night (December 8, 2020). Such glitches are "subject to notices to correct", the TRB...
