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 …

The 1000-Piso polymer banknote of the Bangko Sentral ng Pilipinas (BSP) won the International Banknote Society’s (IBNS) “Banknote of the Year Award” for 2022. The 1000-Piso polymer is the first Philippine banknote to win the award. It won over banknote finalists from Algeria, Barbados, Egypt, Northern Ireland, and Scotland. In announcing the award, the IBNS said: “The Philippines’ successful design …

After a year-long leadership transition period, Lucio Tan III has officially taken over as president of the Lucio Tan Group (LTG). During the transition, he shared decision making responsibilities for business and operational matters with his uncle, Michael Tan, who had been president of LTG since 2010. The group ended 2022 with a PhP25.1 billion attributable net income, which is …

Contecon Guayaquil (CGSA), International Container Terminal Services, Inc.’s (ICTSI) Ecuadorian business unit operating at the Port of Guayaquil, achieved a milestone in April by handling the largest vessel to call the terminal. On 4 April, CGSA received the maiden call of the Maersk Camden – a Liberian-flagged vessel with a capacity of 15,413 TEUs. The 365.9-meter-long ship operates Maersk’s AC2 …

I am deeply honored to accept the appointment as President and Chief Operating Officer. I thank the board of directors for entrusting me with this responsibility, and I am grateful to all of you for your support. In exercising the functions of my new role, rest assured that I will be guided by the values of integrity, diligence, excellence, and …

Leading insurtech advocate Etiqa Philippines has recently launched an always-on virtual assistant for its new and existing customers.  Etiqa’s latest venture into insurtech is named Eriqa, a chatbot which acts as a virtual assistant to help respond to questions and a multitude of requests including processing a Letter of Guarantee (LOG) for outpatient availments.     “The success of an insurance company …

More overseas Filipino workers (OFWs) will have a chance to purchase their dream houses under the Pambansang Pabahay Program Para sa Pilipino Housing (4PH) program of the administration of President Ferdinand R. Marcos Jr., according to a report by Philippine News Agency. On Sunday, OFW Party-list Rep. Marissa Magsino and Department of Human Settlements and Urban Development (DHSUD) Secretary Jose …