Recent Posts

Air Intellipure Donation

Air Intellipure, Inc is donating over 100 units of Intellipure air purifiers to the University of the Philippines (UP) under its Healthy Places and Workspaces initiative.  UP President Danilo L Concepcion (second, right) and Air Intellipure Chairman, Nick Gitsis (second from left), recently signed the Memorandum of Agreement  together with UP Vice President Elena E Pernia (far right) and Air …

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ICTSI signs new 30-year lease for Baltic Container Terminal in Gdynia, Poland

In a ceremony held in Gdynia, on 19 December 2022, a new 30-year lease was signed into life by International Container Terminal Services Inc. (ICTSI) and the Port Authority of Gdynia SA for the Baltic Container Terminal (BCT).  The new lease will run until 2053. The new lease, for which ICTSI was declared preferred bidder, effectively extends the tenure of …

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Coins.ph granted EPFS license by BSP

Coins.ph announced that the Bangko Sentral ng Pilipinas (BSP) has granted it an Advanced Electronic Payment and Financial Services (EPFS) license covering the operation of the Coins Pro exchange. The said license is a key enabler for Coins Pro. Coins Pro users can buy and sell digital currencies at larger volumes and for lower fees. Users can place market, limit, …

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International SOS emphasizes travel safety this holiday season

While most Filipinos have adjusted to the new normal, and access to COVID-19 vaccines have made it safer to travel now than the previous two years, many of us are still facing the challenges of navigating various travel threats. On top of COVID-19 and the threat of seasonal viruses such as influenza and RSV (respiratory syncytial virus), would-be travelers also face …

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New Belmont Hotel Mactan to Open this Holiday Season

This Christmas, mark your calendars and book your stays now as Belmont Hotel Mactan welcome guests on its soft opening starting December 16, 2022!   Leading the 1.9 billion worth property with 550 rooms is General Manager, Johnson Del Valle. With two decades of local and international hospitality experience under his belt, he shares that “Choosing Belmont Hotel Mactan means enjoying …

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JCI Senate Philippines & Palawan Pawnshop Group Recognize Outstanding Kasambahays for 2022

Now in its seventh year, the Kasambahay Kasambuhay Pilipinas Awards, a joint endeavor of the Junior Chamber International Senate Philippines, Inc. (JCI) and Palawan Pawnshop Group, has named 10 household workers as this year’s Top 10 Kasambahays. Each winner will get Php100,000. The Top 10 winners are Regimar Cabrera, Rolly Rosero, Edwin Mugdan, Susana Berlas, Milagros Diorec, Myrna Domingo, Daisy …

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Monetary Board Raises Policy Rate by 50 Basis Points

At its meeting on monetary policy today, the Monetary Board decided to raise the interest rate on the BSP’s overnight reverse repurchase facility by 50 basis points to 5.5 percent, effective 16 December 2022. Accordingly, the interest rates on the overnight deposit and lending facilities will be set to 5.0 percent and 6.0 percent, respectively. The BSP’s latest baseline forecasts …

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Manila Water’s distribution network now stretches to 5,362 kilometers

Since 1997 when it took over the operations of the water system of the East Zone, Manila Water has been steadily expanding rehabilitating, replacing, and expanding its waterlines to reach more customers within its concession area. As of September 2022, the water concessionaire has laid and now maintains a total of 5,362.73 kilometers of water pipelines supplying clean and potable …

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Contecon Manzanillo starts Phase 3 port expansion

Contecon Manzanillo (CMSA), International Container Terminal Services, Inc.’s (ICTSI) subsidiary in Mexico, recently commenced its third phase expansion project, which will increase its capacity from 1.4 million to more than two million TEUs within the next five years. CMSA Chief Executive Officer José Antonio Contreras led the project inauguration together with Colima Governor Indira Vizcaíno Silva, Commander Rubén Alfonso Suárez of the 10th Naval Region, Admiral José Rafael …

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BDO Foundation and EWSF forge partnership to address hunger

As part of a shared advocacy to address hunger, promote food security and support underserved sectors of society, BDO Foundation has inked an agreement with East-West Seed Foundation (EWSF), a non-governmental organization that promotes proper nutrition through improved vegetable consumption. The memorandum of agreement was signed by (from left) EWSF program manager Mary Joyce Gaviola, EWSF managing director Ma. Elena …

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