The Philippine Chamber of Commerce and Industry (PCCI), the largest business organization in the country, has urged local government units to go beyond and above the streamlined travel restrictions of the national government to accelerate the recovery of domestic tourism. PCCI President Amb....
D&L Industries, the country’s largest specialty foods ingredients, plastics and oleochemicals firm, reported full recovery in the fourth quarter of 2020 and expects earnings to return to pre-COVID levels this year In a media briefing, D&L President Alvin D. Lao said “recovery...
Vice President Leni Robredo has responded to a viral photo of a woman getting vaccinated, who she said was not her. On her Facebook page, Robredo posted screenshots of the woman’s photo receiving coronavirus vaccine shot and said, “Hindi po ako ‘yan (That’s not me),” with a facepalm...
GOVERNANCE MATTERS Former Vice President Jejomar Binay Seniors officials of the Philippine National Police (PNP) and the Philippine Drug Enforcement Agency (PDEA) appeared before media a day after the widely reported shootout between policemen and anti-drug agents to confess the obvious – they...
OF TREES AND FOREST Former Senate President Manny Villar Finance Secretary Carlos Dominguez III was quoted last week as saying that “aside from our health-care workers, we will prioritize vaccinating our economic front-line workforce.” Sec. Dominguez, who heads President Rodrigo Duterte’s...
Home improvement and finishing construction supplies retailer Wilcon Depot reported that its net income declined by 31.8 percent to P1.45 billion last year. In a disclosure to the Philippine Stock Exchange, the firm said net sales decreased by 7.5 percent to P22.63 billion as the COVID-19 pandemic...
SM Investments Corporation (SMIC) registered a net income of P23.4 billion last year, 48 percent lower than the P44.6 billion earned in 2019. Due to the impact of the COVID-19 pandemic, The firm’s consolidated revenues declined to P394.2 billion in 2020 from P502.0 billion in the year before....
The proposed Coconut Farmers and Industry Trust Fund Act or Coco Levy Act, which will pave the way for the release and the utilization of the P100-billion coco levy fund, will lapse into law next week. This is 30 days since the enrolled copy of the Coco Levy Act has been sent to Malacanang on...
GOVERNANCE MATTERS Former Vice President Jejomar Binay Most observers have attributed the unprecedented rise in hunger and poverty to the administration’s monumental failure to respond quickly to the threat of COVID-19 and its reliance on strict lockdowns that grounded the economy for months....
Robinsons Retail Holdings Inc. has expanded its e-commerce site gorobinsons.ph to include DIY format Handyman Do it Best and No Brand, a franchise from EMart of Korea. In a disclosure to the Philippine Stock Exchange, RRHI said that, with the inclusion of Handyman Do it Best on the platform,...
Rabiya Mateo Miss Universe Philippines 2020 Rabiya Mateo has said that women are as capable as men when it comes to leadership. “Women are as capable as men in handling a nation,” said Mateo when she took on the Missosology Beauty Talks Q&A challenge recently. “I am a woman and I believe...
GOVERNANCE MATTERS Former Vice President Jejomar Binay For most economic experts, the Philippines has yet to break out of the phenomenon known as “jobless growth.” If there were jobs created from the Business Process Outsourcing (BPO) boom, for example, these were jobs in urban areas...
