Companies

The Land Bank of the Philippines (LANDBANK) has approved loans totaling P30.96 billion as of end-January 2022 to help cooperatives and local businesses recover from the impact of the COVID-19 pandemic.  Through the I-RESCUE (Interim REhabilitation Support to Cushion Unfavorably affected Enterprises by COVID-19) Lending Program, LANDBANK has supported a total of 687 borrowers, composed of 462 micro, small and …

The Department of Trade and Industry-Fair Trade Enforcement Bureau (DTI-FTEB) reported a threefold increase on retail value of confiscated products in the National Capital Region (NCR) from January 1 to February 28, 2022.  A total of 7,551 pieces of uncertified products, with a retail value of Php1,401,189.05, were cracked down by the DTI-FTEB through random inspection activities for the first …

Rolls-Out DITO Auto Pay and DITO Advance Pay with DITO Level-Up Packs for one year anniversary Atty. Adel Tamano, Chief Administrative Officer of DITO Telecommunity; the newest telecommunications player in the country, announced this morning that DITO has just reached 7-million subscribers, right in the middle of celebrating its anniversary month.  “We are pleased to inform our countrymen that DITO …

To help address the depleting supply of blood needed by those with medical emergencies, SM Foundation and SM Supermalls reactivated its annual bloodletting donation drive campaign that will run until March 18, 2022 in select SM malls nationwide. In partnership with the Department of Health-Philippine Blood Center (DOH-PBC) and Philippine Red Cross (PRC), this social good effort provides venues for …

Manila Harbor Center (MHC), the largest bulk and breakbulk handling facility in the Port of Manila in the Philippines, is expanding its cargo handling capacity with the completion of eco-friendly bulk cargo bays (BCB) and dredging of the berths to accommodate larger vessels. This new development increases MHC’s number of BCBs from two to five, effectively improving the terminal’s bulk …

Manila Water Philippine Ventures, a wholly owned subsidiary of Manila Water Company, Inc. takes 100 percent ownership of Davao Del Norte Water Infrastructure Company, Inc.  (Davao Water) after the acquisition of all shares of iWater Inc. Prior to the purchase, the Manila Water firm held 51% while iWater held 49 percent equity interest in Davao Water. The acquisition is in …

International Container Terminal Services, Inc. (ICTSI) continues to expand capacity of its flagship Manila International Container Terminal (MICT) with the ongoing development of another berth — Berth 8. The construction of the new berth, which will be done in two phases, will allow MICT to handle increasing volume demand and serve new-generation container ships that can carry up to 18,000 …

The Land Bank of the Philippines (LANDBANK) has recorded a total of 2.12 million accounts opened online through its award-winning Digital Onboarding System (DOBS) as of end-December 2021, driven by the continued rise in demand for safer digital banking services. “This new DOBS milestone underscores LANDBANK’s steadfast commitment to deliver accessible and innovative digital solutions as we respond to the …

The Department of Trade and Industry reminds establishments to still follow the Minimum Public Health Standards (MPHS) set by the government even after the National Capital Region (NCR) shifted to Alert Level 1 beginning 01 March 2022.  On 04 March 2022, DTI-Consumer Protection Group (DTI-CPG) Undersecretary Atty. Ruth B. Castelo and DTI Fair Trade Enforcement Bureau (FTEB) Assistant Director Marimel …

The Department of Trade and Industry (DTI) assures the public that the price and supply of Basic Necessities and Prime Commodities (BNPCs) in the country are stable amid the circulating price hike rumors when DTI-Consumer Protection Group (DTI-CPG) Undersecretary Atty. Ruth B. Castelo and DTI Fair Trade Enforcement Bureau (FTEB) Assistant Director Marimel Dancel Porciuncula inspected one (1) supermarket in …