SM Group, through the collaboration of SM Foundation and SM Supermalls, has provided relief to communities affected by Typhoon Aghon in Laguna and Quezon provinces through its Operation Tulong Express (OPTE) initiative. The foundation distributed a total of 1,265 relief packs across several barangays. SM City San Pablo provided relief to 500 typhoon-hit families to San Rafael, San Roque, San …
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The Philippine Red Cross (PRC) presented the Okada Foundation, Inc. (OFI) with the “The Most Outstanding Humanitarian” Award for its efforts in supporting the country’s COVID-19 pandemic response . The award cited OFI’s “unwavering support to communities affected by the pandemic”, and added that the foundation’s selfless contributions were instrumental in strengthening public health response, and a key enabler in …
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State pension fund Government Service Insurance System (GSIS) announced that the GSIS is allocating more than P4.3 billion in emergency loan for members and pensioners in 17 areas in the country who were affected by El Niño. A total of 185,107 active members as well as old-age and disability pensioners in Negros Oriental and Kabangkalan City and Valladolid in Negros …
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As the Philippines continues its trajectory towards economic recovery, BDO Unibank, Inc. plays a pivotal role in helping fuel national development by offering crucial support to companies amid changing market conditions. BDO recognizes the expanding opportunities in utilities and infrastructure, logistics, tourism, construction, manufacturing, and professional services. These industries, marked by an upswing in activity, showcase prospects for both investors and financiers …
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On June 1, 2024, the Maritime Industry Authority (MARINA) celebrated its 50th anniversary, marking half a century of dedicated service and significant contributions to the Philippine maritime industry. Established to oversee and develop the country›s maritime sector, MARINA has played a pivotal role in shaping the maritime policies and practices that have fostered growth, safety, and innovation in the industry. …
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The growing reach of SM malls nationwide provides a venue for growth for many small and medium enterprises and communities. The opening of SM City Caloocan, SM’s 86th mall, will better connect surrounding urban and rural communities, sharing borders with Quezon City, Valenzuela, and the cities of Marilao, Meycauayan, and San Jose Del Monte in Bulacan. “SM malls are venues …
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The annual Stock Market Investor Profile report of The Philippine Stock Exchange, Inc. (PSE) showed a total of 1,906,019 stock market accounts as of end-2023, higher by 11.3 percent or 193,285 accounts from 1,712,734 accounts in 2022. The growth was mainly due to new accounts opened through the GStocksPH platform, which also pushed the share of online accounts to 80.0 …
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Finance Secretary Ralph G. Recto is upbeat on the Philippines’ bright economic outlook supported by a more open and liberalized investment policy landscape, which is part of the government’s growth-enhancing strategies aimed at lifting 14 million Filipinos out of poverty by 2028 and achieving inclusive growth. “Our growth-enhancing initiatives are meant not only to create an economy that is ready …
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Big-ticket investments approved under the Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act has already reached more than P1 trillion as of April this year. In a Facebook post on Friday, the Department of Finance (DOF) said these big-ticket projects are expected to generate 142,294 new jobs for Filipinos. The DOF said the Fiscal Incentives Review Board (FIRB) has …
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Award-Winning Financial Literacy Programme Cha-Ching Reaches One Million Students Nationwide Prudence Foundation, the community investment arm in Asia and Africa of Prudential plc, Pru Life UK’s parent company, in partnership with Junior Achievement Philippines, celebrated one million students nationwide who have been taught basic money management skills through the financial literacy programme Cha-Ching. Beneficiaries and co-advocates joined the milestone event …
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The Market Monitor Minding the Nation's Business