Onne Multipurpose Terminal (OMT), International Container Terminal Services, Inc.’s (ICTSI) operation in Nigeria, has invested over $25 million (P1.5 billion) for two new mobile harbor cranes (MHC) and a container freight station (CFS). In a statement, ICTSI said these investments...
Sun Life Investment Management and Trust Corp. (SLIMTC) encourages Filipinos to invest globally to diversify their portfolios and potentially enhance their returns. In a statement, Mikko Vergara, SLIMTC's head of equities and global funds, highlighted the growing importance of global investing in...
Homegrown non-bank lender Asialink Finance Corp. (AFC) has secured a $130 million (around P7.605 billion) financing deal with the International Finance Corporation (IFC), a World Bank Group member, aimed at improving its working capital and support for small businesses, especially those owned by...
Tuna canner Alliance Select Foods International Inc. (ASFII) has reached a compromise agreement with its Singaporean minority shareholders and former board directors after more than 10 years of legal disputes. In a disclosure to the Philippine Stock Exchange (PSE), ASFII said it entered into the...
Mondelēz International in the Philippines has been a prominent name in the snacking industry for over 60 years, offering beloved brands like Oreo, Tang, Toblerone, Cadbury Dairy Milk, Eden Cheese, and Cheez Whiz. Recently, Mondelēz International announced a significant milestone in its...
Japan's aid agency plans to extend additional loans and grants to the Philippines to not only sustain infrastructure development but also strengthen defenses in disputed territories in the West Philippine Sea. Japan International Cooperation Agency (JICA) Philippines chief representative Takema...
Containers of Zyn, a smokeless nicotine pouch, are displayed for sale among other nicotine and tobacco products at a newsstand on Feb. 23, 2024, in New York. (AP Photo/Bebeto Matthews, File) WASHINGTON (AP) — Federal health officials on Thursday backed the public health benefits of...
President Marcos expressed his gratitude to the Philippines' international partners as he highlighted the country's strides in diplomacy and economic growth. President Ferdinand 'Bongbong' Marcos Jr. (Manila Bulletin file photo) Marcos said this as he hosted a New Year Vin D'Honneur for members of...
The operator of the Ninoy Aquino International Airport (NAIA) has introduced a new fleet of vehicles to support ground operations at the country's main gateway in a bid to improve convenience and ensure the safe and efficient flow of movements amid the reported increase of passenger volume...
In a move to improve passenger flow and accessibility, Ninoy Aquino Internationa Airport (NAIA) Terminal 1 has eliminated its VIP-exclusive curbside access, opening the main arrival area to all passengers. In a Facebook page, NAIA said the change allows private vehicles to pick up all...
Engineering and infrastructure firm Megawide Construction Corporation has acquired 100 percent ownership of Megawide GMR Construction JV Inc. (JV), the developer of the Clark International Airport Project, after buying out its partners in the joint venture. In a disclosure to the Philippine Stock...
Asiabest Group International Inc. (ABG) will be transformed by businessman Francis Lloyd Chua’s PremiumLands Corporation (PLC) into an end-to-end infrastructure business group encompassing the whole industry ecosystem. In a disclosure to the Philippine Stock Exchange (PSE), ABG said it will...
