Companies

If you increase the income tax exemption threshold, the government loses money to fund its various projects and services.  Thus, the legislative branch would need to find a replacement fund to cover the revenue losses. This, in summary, is the position of the Department of Economy, Planning, and Development (DEPDev) headed by Economy Secretary Arsenio Balisacan. “Of course, that would …

For a more improved productivity and enhanced competitiveness, the Department of Science and Technology (DOST) and the Land Bank of the Philippines (LANDBANK) teamed up to support micro, small, and medium enterprises (MSMEs) and startups through an enhanced platform of financing on May 4. In a ceremonial signing, DOST and LANDBANK inked a Memorandum of Understanding (MOU) at the LANDBANK …

Cognizant (NASDAQ: CTSH) has announced its project with JG Summit Holdings, Inc., one of the Philippines’ largest and more diversified conglomerates, for a ServiceNow implementation and managed services engagement supporting its IT modernization journey.  Operating a conglomerate with a portfolio as diverse as JG Summit’s presents a unique set of management challenges. Conglomerates often face significant operational complexity, stemming from …

Concepcion Industrial Corp. (CIC), the Philippines’ leading provider of home and enterprise solutions, officially returns as the “Powered By” sponsor for the 2026 Philippine Franchise Expo, held from April 24 to 26 at the SMX Convention Center. Highlighted in this year’s participation is “The Carrier Air Authority Center,” the country’s first and only retail air conditioning (AC) franchise by Concepcion-Carrier …

The SM Investments Corp. (SMIC) considers the West Asia war as a manageable disruption, betting that its diversified consumer-driven portfolio and disciplined capital management will shield it from global volatility. Amando M. Tetangco Jr., SMIC chairman, said the company, one of the leaders in retail, banking, and real estate, is using pre-emptive liquidity and operational flexibility to weather global instability. …

TotalEnergies, together with its partner Nextnorth, a Philippines-based renewable energy developer, announced that they reached financial close and started the construction of a 440 MWp solar power plant. Located in the City of Ilagan, Province of Isabela, the project owned by TotalEnergies (65%) and Nextnorth (35%), will be operational by the end of 2027. Once operational, it will produce 13.5 …

MANILA, Philippines — SM Foundation has been recognized for its communications and reporting excellence at the Asia-Pacific Stevie Awards, held in Macao, earning one Gold and one Bronze distinction. The Foundation received a Gold Stevie® Award for its SM Foundation Social Good Report, under the category Innovation in Non-Profit/NGO Publications. The report was cited for presenting impact in a clear, engaging, and forward-looking format, reflecting the organization’s commitment to …

Tanduay has once again demonstrated its commitment to global excellence by winning top honors at the recent International Spirits Competition hosted by Enthusiast Report Magazine. The brand’s premium lineup was highly celebrated, led by the Tanduay Double Rum, which earned a prestigious Double Gold medal. This recognition highlights the brand’s strict quality control and its ability to produce spirits that consistently meet rigorous international standards. Several other …

The Philippine Amusement and Gaming Corporation (PAGCOR) on Tuesday, April 28, donated 12 patient transport vehicles (PTVs) to various local government units (LGUs) and an Army division at the PAGCOR Corporate Office in Pasay City. The beneficiaries include the cities of La Carlota in Negros Occidental; the provinces of Northern Samar and Ilocos Norte; the municipalities of Roxas, Culion, San …

IDfy has officially appointed Raghuraman “Raghu” Chandrashekhar as the new Country Head for the Philippines. This strategic move is part of the company’s broader expansion across Southeast Asia and comes at a time when the country is seeing a rapid shift toward mobile-first banking and digital onboarding. With his extensive regional experience and deep understanding of the local regulatory environment, Chandrashekhar is tasked …