Philippine construction company EEI Corporation and Samsung Engineering NEC Co. Ltd. (SENEC) in the Kingdom of Saudi Arabia (KSA) signed a memorandum of understanding (MOU) to expand job opportunities for Filipinos in the KSA. EEI President and CEO Henry D. Antonio, SENEC CEO Mohamed Neffati, and...
An agreement that will enhance trade facilitation programs for importers and stakeholders was signed by the Bureau of Customs (BOC) and the Philippine Postal Corp. (PHLPost). Customs Commissioner Bienvenido Y. Rubio and PHLPOST Postmaster General Luis Carlos, along with other key officials, led the...
The power distribution utility, headed by tycoon Enrique Razon Jr., has significantly contributed to the economic development of Iloilo, an economist claimed. At the Iloilo Business Summit on Thursday, Oct. 19, Winston Conrad Padojinog, Unviersity of Asia and the Pacific economist highlighted MORE...
The Villar Group reported that its dedication to good corporate governance has earned recognition and awards from the esteemed Institute of Corporate Directors (ICD). In a statement, the group said its listed companies, including Vista Land & Lifescapes, Inc. (Vista Land), AllDay Marts,...
The Securities and Exchange Commission (SEC) has approved the shelf registration of bonds and preferred shares by Vista Land & Lifescapes Inc. and San Miguel Corporation (SMC), respectively, with a total value of P100 billion. In its Oct. 17 meeting, the Commission En Banc resolved to render...
Three years after it launched its landmark river cleanup and flood mitigation initiative — which has led to the removal of over three million metric tons of silt and solid wastes from the Pasig, Tullahan, and San Juan Rivers — San Miguel Corporation (SMC) is setting its sights on a...
Food manufacturer Monde Nissin Corporation (MONDE)’s Quality Assurance Laboratory in its plant in Sta. Rosa, Laguna has been accredited by the International Organization for Standardization / International Electrotechnical Commission (ISO / IEC). The plant’s microbiology laboratory is the...
Amid the numerous cyberattacks that government agencies suffered from in the past weeks, Sen. Alan Peter Cayetano floated the idea of providing reward money for catching perpetrators behind cyberattacks provided that there's a stiff penalty for it. Sen. Alan Peter Cayetano suggests that the...
San Miguel Corporation (SMC) is collaborating with various government bodies to clean and rehabilitate three major rivers and waterways in Metro Manila, Pampanga, Cavite, and Bulacan. SMC’s “Adopt-A-River program” is the country’s biggest corporate social responsibility (CSR) initiative,...
FDC Water Utilities Inc., the subsidiary of Filinvest Development Corp. (FDC), partnered with Hitachi Ltd. to construct an advanced water recycling facility and upgraded sewage treatment plant (STP). In a statement on Tuesday, Oct. 17, the Filinvest Group said the company is committed to providing...
The Energy Regulatory Commission (ERC) has thumbed down the plea of the National Grid Corporation of the Philippines (NGCP) for amendments in the rules for transmission rate-setting. The regulatory body has rendered that decision based on the petition of the transmission firm that was lodged in...
Listed firm Alternergy Holdings Corporation (Alternergy) logged financial rebound in the current fiscal year with an income of P38 million, effectively reversing a net loss of P145.2 million in a comparable period last year. The company’s cash balance also escalated significantly by 113% to...
