Enrique K. Razon, Jr., ICTSI Chairman and President said:  “I am pleased to report on a strong first quarter of the year which saw ICTSI delivering an increase in throughput of nine percent to 3.10 million TEUs, revenue of US$572.25 million up eight percent and EBITDA of US$354.20 million up five percent against the previous year.  Pleasingly our net income …

The Rizal Commercial Banking Corp. (RCBC) was named the Best Trade Finance Bank for the third consecutive year, and the Best Cash Management Bank for the second straight year. The recognition was declared at the Global Banking and Finance (GBAF) awards, organized by the United Kingdom-based Global Banking & Finance Review. The GBAF awards recognize the global financial community’s innovation, …

Eurotel, a popular hotel chain in the Philippines, organized an Easter egg hunt event for kids and families The event was held simultaneously at four different Eurotel branches in Las Piñas, Makati, and North Edsa and Vivaldi-Cubao, with a total of 500 participants. Eurotel is known for its convenient locations, modern amenities, and reasonable rates. The Easter egg hunt event …

Isuzu’s best bet in the burgeoning local pick-up truck market got another big boost with the entry of the third generation Isuzu D-Max. Launched recently with the equally popular Isuzu brother Isuzu mu-X, the Isuzu D-Max is rugged and considered the new “muscle for the family” and yet very comfortable and easy to drive. This was proven in a recent …

RSA Motors recently inked a partnership with 19-year-old Filipino race car driver Eduardo Coseteng to further amplify BMW’s presence in the world of motorsports. He is set to take part in the 2023 Team Motopark GT racing season under the banner of Schubert Motorsport. Coseteng, son of racing icon Jody Coseteng, ventured into competitive kart-racing at a young age. His …

Dave Chou of Hyundai Las Piñas will represent the Philippines at the 14th World Skills Olympics in October in South Korea where regional winners from over 70 countries coming from Eastern Europe, Asia-Pacific, Africa, Middle East and Latin America are expected to attend. Chou, a 36-year-old and 7-year veteran at the Chiongbian Groups’ Hyundai Las Pinas outlet, won the recently …

Changan Motor Philippines, Inc. (CMPI), the official distributor of Changan vehicles in the country, received the “Excellence of Service” award during the 2023 Changan Automobile Overseas Partner Conference held last April 20 at the Changan Research and Development Center in Chongqing, China.  CMPI president and CEO Maria Fe Perez-Agudo received the award alongside fellow distributors from Kuwait, Pakistan, and Peru. …

Move It, a motorcycle taxi company, introduced the Advertiser Vests Program – an industry-first alternative income stream allowing rider-partners to earn additional income from advertising campaign materials on their safety vests. “Move It is deeply committed to creating a better life for our rider-partners and their families and key to that is ensuring that our rider-partners earn a decent and …

Toyota chairman Akio Toyoda ordered a big-time investigation on the alleged rigging by its close affiliate Daihatsu of a side-collision safety tests carried out for some 88,000 small cars that include Toyota Yaris Ativs made in Thailand from last August and Perodua Axias manufactured in Malaysia starting from February. Daihatsu allegedly admitted its fault after a whistleblower reported that the …

Fruitas Holdings Inc., leading food and beverage store operator traded on the Philippine Stock Exchange under symbol FRUIT, registered Php1,799 million in revenue, a 63% increase from Php1,102 million in 2021.  The revenue increase was driven by strong same-store sales growth.  Despite having just over 770 stores as of end-2022, compared to more than 1,000 stores as of end-2019, FRUIT …