SM Investments Corporation, through its SMAC (SM Advantage Card) loyalty program, and Philippine Airlines’ (PAL) Mabuhay Miles, have renewed their partnership with the implementation of higher conversion rates. Effective Sept. 1, the conversion structure of SMAC Points to Mabuhay Miles and vice...
A high-profile Australian trade and investment mission is scheduled to take place in Manila this week, aimed at strengthening economic ties between Australia and the Philippines. The delegation, comprising 14 Australian businesses and led by Shemara Wikramanayake, managing director and chief...
While it is manifestly the major game in town for both local and foreign investors, Aboitiz Power Corporation is still seeing treacherous terrain when it comes to capital influx in the renewable energy (RE) sector. In his presentation at the Smart Forum 2024 convened by the European Chamber of...
The Board of Investments (BOI) and two constituents of the University of the Philippines (UP) signed an agreement to collaborate on investment promotions for locally developed biofertilizers and herbal medicine technologies. The BOI signed a memorandum of understanding with the UP Manila and the UP...
Metro Pacific Agro Ventures, a unit of Metro Pacific Investments Corporation, is aiming to generate annual revenues of P1 billion in two years with a medium term target of raising this to P20 billion as it continues to look for new products to add to its portfolio. In an interview, MPAV President...
SM Hotels and Conventions Corp. (SMHCC), the hotel operator of the SM group, has rolled out a new technology called ORCA (Organic Refuse Conversion Alternative) Biodigester which can turn food waste into filtered wastewater under 24 hours. SM Investments Corporation said this is aligned with the...
The Board of Investments (BOI) has granted its green lane certificate to a ground-mounted solar farm in Mabini, Pangasinan. In a statement, the BOI said on Tuesday, Aug. 20, that the certification covers the 41.25-hectare Mabini solar power plant project owned by Spotlight Power Inc. (SPI) in Brgy....
SM Investments Corporation (SMIC), the flagship of the Sy family, is acquiring 184 hectares of land in Muntinlupa City from a nearly wholly-owned subsidiary, Intercontinental Development Corporation (ICDC), through a property-for-shares swap. In a disclosure to the Philippine Stock Exchange, SMIC...
The Board of Investments (BOI) vowed to enhance awareness of incentives for Energy Efficiency and Conservation (EE&C) projects to motivate companies to transition to renewable energy (RE). In a recent roadshow at the Clark Freeport Zone in Pampanga, the BOI presented new guidelines for...
Metro Pacific Agro Ventures (MPAV), a unit of conglomerate Metro Pacific Investments Corporation, is considering the chicken egg and carabao milk businesses while continuing to ramp up its dairy and vegetable capacities. In an interview, MPAV President Juan Victor Hernandez said their core strategy...
The Philippine Statistics Authority (PSA) reported that approved foreign investments tripled in the second quarter, reflecting strong investor confidence in the country's economic prospects. From April to June 2024, the total approved foreign investments soared 189.5 billion, a substantial increase...
The Board of Investments (BOI) has awarded the green lane certificates of endorsement to Vind Energy Corp.’s two offshore wind projects in Cavite and Guimaras. Department of Trade and Industry (DTI) Undersecretary and BOI Managing Head Ceferino S. Rodolfo awarded certificates to Alma...
