The Management Association of the Philippines (MAP) is urging the government to focus on reducing high costs across commodities and services to alleviate the burden on minimum-wage-earning Filipino workers and their families. MAP, comprising the country’s leading business executives, stated that...
Fuel prices are set to increase ahead of the celebration of Philippine Independence Day on June 12. Effective Tuesday, June 10, gasoline prices will inch up by ₱0.60 per liter, while diesel will go up by ₱0.95 per liter. Kerosene is also set to climb by ₱0.30 per liter. Shell Pilipinas,...
Equinix Inc., a digital infrastructure company headquartered in the United States (US), has completed its acquisition of three data centers in Manila, becoming the newest player in the country’s growing data center industry. In a statement, Equinix announced that it has acquired the data centers...
The country’s leading business executives are optimistic about the government’s ongoing strategy to enhance the ease of doing business in the Philippines, following the new reform outlook of the Anti-Red Tape Authority (ARTA). In a statement, the Management Association of the Philippines (MAP)...
The Management Association of the Philippines (MAP) is urging the government to maintain the phased implementation of the long-awaited rehabilitation of EDSA while the project is currently suspended. MAP, which features the country’s leading business executives, supports the plan to construct the...
ILOILO CITY – The Bureau of Jail Management and Penology has initiated additional administrative charges against a jail officer who not only tested positive for drug use but also suspected to have ties to the illegal drugs trade here and province of Iloilo. Jail Senior Insp. Juniven Rey Umadhay...
CEBU CITY – The newly installed regional director of the Bureau of Jail Management and Penology-Central Visayas (BJMP-7) vowed to get rid of the perennial problem of contraband being sneaked into prison facilities. Jail Chief Supt. Luisito Muñoz said he is aware that some Persons Deprived of...
CEBU CITY – Despite numerous challenges, the country’s contact center sector, along with the entire information technology and business process management (IT-BPM) industry, is poised to hit the ambitious $49-billion annual revenue goal by 2028. Haidee Enriquez, president of the Contact Center...
The country’s leading business executives are urging the government to allocate more funds for nutrition-sensitive programs in the country’s national budget, following the recent enactment of a law improving the quality of early childhood education and care in the country. The Management...
Economic managers vowed to ramp up their efforts and reaffirm their commitment to improved performance, even prompting President Marcos’ chief economic manager to also recalibrate the Department of Finance (DOF). This came after President Ferdinand Marcos Jr. decided to retain them, along with...
Oasis Management Company Ltd, a Hong Kong-based “activist” investment fund, reported that it has so far acquired a 5.76 percent stake in Lucio Tan-led and Philippine Airlines owner PAL Holdings Inc. In a disclosure to the Philippine Stock Exchange, Oasis Management said it bought the shares...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. expects President Ferdinand Marcos Jr. to reject the resignations of the economic team, arguing that the President’s dissatisfaction was not directed at the team, which he says operates very professionally. This came after the...
