Companies

SM Prime, through the leadership of Disaster Resilience Champion Mr. Hans Sy, has officially launched their EV Charging Stations at SM Aura, SM Mall of Asia, SM Megamall, and SM North EDSA.As part of the SM Green Movement initiative, the SM Group continues its commitment to helping make the planet greener through projects such as this. SM’s E-vehicle Charging Stations …

Asiamoney recognizes Metropolitan Bank & Trust Co. (Metrobank) as the 2022 Best Domestic Private Bank in the Philippines. According to Asiamoney, performance indicators noted for consideration include relative performance versus competitors, successes in achieving market share, coping with difficult or changing market conditions, among others. The Bank’s Private Wealth team was established in 2016. Since then, the business has rapidly …

The Asset, a financial publishing and research institution, has awarded Metropolitan Bank & Trust Co. (Metrobank) the Best Multi-product Financing Deal and the Best Syndicated Loan Deal at its recent Triple-A Awards. Metrobank was given the Best Multi-product Financing Deal in the Philippines as an Arranger for Cebu Air, Inc.’s USD 840 million capital raising and liabilities re-profiling. The deal …

The act of giving kindness in any way possible to those who are in need, especially those in vulnerable and grassroot communities, has always been imprinted in the whole system of the SM group. Staying true to its commitment of spreading social good, SM Foundation and The SM Store worked together to distribute shoes and sanitizers for children across the …

Filipino consumers who access piracy sites for movies during the pandemic lockdown grew from 61% from only 49%, according to a study by the Intellectual Property Office of the Philippines (IPOPHL).  IPOPHL Director General Rowel S. Barba cited data from a recent YouGov survey commissioned by the Coalition Against Piracy to emphasize the significance of its partnership with the Motion …

The Philippine travel and tourism sectors is projected to grow at an annual average rate of 6.7% over the next 10 years, outpacing the expected gross domestic product (GDP) growth rate of 5.6%, according to the World Travel and Tourism Council (WTTC).  WTTC president and chief executive Julia Simpson said at the WTTC Annual Global Summit in Manila that employment …

Losing subscribers for the first time in more than a decade, Netflix must confront the challenge of stagnation from a position of strength.  A drop of just 200,000 users — less than 0.1 percent of its total customer base — was enough to send Wall Street panicking, with shares plunging more than 30%.  The loss of subscribers and the company’s …

The country’s economic growth is projected to return to 6.5% by end of 2022, only to slightly fall back to 6.3% in 2023 as a result of increased economic activity due to election spending, according to the latest World Economic Outlook of the International Monetary Fund (IMF).  This IMF estimate for the Philippines is higher than the 5.3% average growth …

SM Foundation (SMFI) is inviting incoming college freshmen to apply for the SM College Scholarship program for School Year 2022-2023.  The SM Scholarship Program started from the vision of the late SM patriarch, Henry “Tatang” Sy, Sr. He believed that if you send one child from an economically challenged family to college, that child would have more opportunities to have …

The heightened implementation of the Bureau of Internal Revenue (BIR)’s digitalization transformation (DX) programs, complemented by its growing workforce of young and skilled professionals under the Duterte administration, enabled the agency to steadily improve its collection performance and broaden the taxpayer base in 2021.  BIR Commissioner Caesar Dulay reported that 4.63 million business taxpayers were registered last year despite the …