Business NEWS

The government’s new infrastructure projects are expected to fuel housing demand outside of Metro Manila, according to one of the country’s top property developers.

To help address the rise of online counterfeiting and piracy, e-commerce platforms Lazada and Shopee today, March 1, signed a memorandum of understanding (MoU) with various global and local brand owners to fight the alarming increase in counterfeit and pirated products sold online.

Local businesses are strongly supporting initiatives to reopen further the Philippine economy, which has suffered from long lockdowns and quarantines due to COVID-19.

When the pandemic took hold in 2020, many automotive companies struggled to continue communications with their customers. The lockdown had forced many showrooms to close, disrupting the way car companies do business.

Malacanang has approved Philstar Marketing Development, Inc. as developer/operator of the first pharmaceutical special economic zone in the country called First Bulacan Business Park (FBBP) with a project cost of P570.586 million. 

The Philippines’ Board of Investments (BOI) has approved and granted pioneer status to the P2.28 billion PETValue Philippines, set to be the country’s first bottle-to-bottle, food-grade recycling facility. 

Multisectoral groups, comprising of 51 largest and widely-represented private sector associations, have urged for the immediate enactment of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill to boost market confidence, save jobs and provide instant relief to businesses’ suffering from the COVID-19 impact.

Converge ICT Solutions, Inc. (CNVRG), the country’s biggest end-to-end fiber internet provider, makes its fiber network redundant  and boosts its service by deploying a third core backbone node as part of its P30 billion capex.

Motor vehicle sales in November suffered a 7.4 percent decline due to the consecutive typhoons that badly hit growth driver regions — Bicol, Central Luzon and the National Capital Region.

Vértere Global Solutions, Inc., a wholly-owned Filipino IT staffing solutions provider, sees slight decline in growth this year due to the pandemic, but expects  robust demand for highly-skilled workers as companies continue their digital transformation to remain competitive.

A tripartite agreement was signed today for the private sector donation to the government of 3-million dosage of COVID-19 vaccine, estimated to cost P700 million.

A night of music, mayhem, and multi-dimensional experience awaits all Dua Lipa fans as the hitmaker gears up for “Studio 2054,” a live virtual concert to be streamed across the world on Saturday, Nov. 28, 4:30 a.m. Philippine time with replays at 8 a.m., 10 a.m., and 5 p.m.

 Dismayed over the Philippines disaster responses in the recent typhoons,  Business groups have urged Filipinos to move in an efficient fashion in partnership with local government units to mitigate the impact of climate change.

LT Group, Inc. reported a 9.0 percent growth in attributable net income for the first nine months of 2020 to P16.10 billion from the P14.72 billion reported for the same period last year.  

Bounty Agro Ventures, Inc. (BAVI)—home of the famous brand Chooks-to-Go—tapped Globe Business to optimize its digital operations and provide customers with contactless access to food products.

BDO Unibank, Inc. (BDO) reported a 3.1 percent improvement in attributable net income to P12.3 billion in the third quarter of 2020 from P11.96 billion in the same period last year despite the continuing impact of the pandemic. 

The Guillermo Mendoza and the 51st Box Office Entertainment Awards recognizes the leadership of Jonathan So, President and CEO and Carlito Macadangdang, Vice President and CFO of JC as this year’s Most Outstanding Global Entrepreneurs. Being the leaders of one of the leading conglomerate in the country, these two have contributed so much in the business industry especially during this pandemic. They have explored more on providing extra income to those who lost their jobs using whatever resources available, thus, the introduction of the now recognized Coppermask and Ninja Ion. JC’s well-loved products such as Calvit – C, K-Pads, Barley and Good Leaf Ashitaba have very high demand in the market that push the company to produce more.

As quarantine restrictions remain in effect in various parts of the country, Pepsi-Cola Products Philippines, Inc. (PCPPI)—the exclusive manufacturer of PepsiCo beverages in the country—is entering the E-Commerce business by allowing online orders for in-home deliveries starting October 5, aiming to strengthen connections with its target consumers.