Companies

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 …

For many, farming is a way of life. They gain a profound sense of purpose when they cultivate the land, plant seeds, and harvest fruits and vegetables that will nourish not just their families but an entire community.  It has also since emerged as a viable social enterprise. Through trainings, farmers have learned business principles and saw livelihood and entrepreneurial …

The reintegration of the 1,200-megawatt (MW) Ilijan natural gas plant to the national grid – targeted by May 26 – is expected to help stabilize the country’s power supply amid the projected high demand in the summer months and the coming years.  San Miguel Corp., through its power arm SMC Global Power Holdings Corp. (SMGP), recently took delivery of the …

“For 126 years, this institution has stood as the firm foundation of the Philippine economy through the performance of its core mandates – revenue generation, resource mobilization, and fiscal management,” Finance Secretary Benjamin Diokno said in his message during the 126th Anniversary Opening Ceremony at the DOF Office in Manila.  Founded in 1897 by the Revolutionary Government in the Spanish …

San Miguel Corporation (SMC) is working closely with the local government of Quezon City to integrate walking and cycling with public transport starting with the construction of its MRT-7’s elevated turnback guideway that broke ground recently. This facility that SMC, through its infrastructure arm, will build along West Avenue in Quezon City near MRT-7’s North EDSA Station will ensure that …

Filipinos can now shop more intentionally, for sustainable and locally-sourced products through SM Green Finds – a program designed to make green living easier and more accessible.  “Retailers have an important role to play in positively influencing and impacting consumer behavior. SM Store is committed to providing Filipino consumers a platform to access sustainably sourced products through its SM Green …

Ayala Corporation Chairman Jaime Augusto Zobel de Ayala joins other business and faith leaders from across the globe in rallying for a more inclusive, equitable, and sustainable economy. Zobel, who joined the Council for Inclusive Capitalism in 2021, is currently a member of the council’s steering committee. The first in-person convening of its steering committee was hosted last month at …