Companies

Ayala Land Inc. (ALI) posted consolidated revenues of P63.3 billion and a net income of P6.4 billion, a 48% and 73% decline respectively from the same period in 2019, as the COVID-19 pandemic continues to impact business operations. 

Under the Bayanihan to Recover as One Act (R.A. 11494), P10 billion has been allotted to the Small Business Corporation (SBCorp) so it can expand its COVID-19 Assistance to Restart Enterprises (CARES) Program. 

Marikina Sports Center, known for hosting various local and international sports competitions, will soon serve as an emergency quarantine facility for the residents in the City. 

The World Bank reported that improvements in the country’s digital infrastructure will increase efficiency in government services and prevent corruption. 

The Department of Trade and Industry (DTI) wants to further expand export markets through free trade agreements (FTAs) and a generalized system of preferences (GSP), while the country’s production capacities continue to increase to meet domestic and foreign demand. 

After a year-long due diligence study within ASEAN, Yokowo Co., Ltd., has chosen the Philippines to set up a new subsidiary for automotive wiring harness and components manufacturing and assembly operations. 

Government’s fuel marking program has resulted in increased tax collection, proving the program’s efficacy against illegal trade activities, according to Finance Secretary Carlos Dominguez III. 

CIMB Bank Philippines has partnered with MoEngage – a San Francisco-based customer analytics and engagement platform – to drive its digital customer engagement strategy. 

Allianz is the world’s no. 1 insurance brand for the second consecutive year, according to Interbrand’s Best Global Brands Ranking. 

Financial technology (a.k.a. fintech industry) has shown clear potential at helping economies recover during the coronavirus pandemic.