Companies

Trade Secretary Cristina Roque emphasized the Philippines’ commitment to inclusive digital transformation to enhance its trade and financial ecosystems during the World Economic Forum’s (WEF) annual meeting in Switzerland. At the Innovative Trade Financing Forum last week, Roque highlighted how the Philippines is leveraging advanced technologies like artificial intelligence (AI) and digital tools to revolutionize supply chains, e-commerce, and services …

A Filipino ice cream brand has expanded into locally-sourced fresh milk production, aiming to provide livelihood opportunities for dairy farmers and significantly boost supply by late 2025. During the launch of Carmen’s Best fresh milk in Makati City recently, Jovy Hernandez, President and CEO of Metro Pacific Agro Ventures (MPAV)—the agricultural arm of Metro Pacific Investments Corp. (MPIC)—highlighted the company’s …

SteelAsia Manufacturing Corp., the country’s largest steel producer, is set to invest PHP30 billion in constructing a state-of-the-art steel facility in Candelaria, Quezon. In a statement released Wednesday, SteelAsia announced that the new plant will serve as an import substitute for heavy structural steel products, which the Philippines currently sources from other countries.  The facility will utilize cutting-edge European steel …

The  Philippine Amusement and Gaming Corporation (PAGCOR) has further reduced its fee rates for Electronic Games (E-Games) from 35 percent to 30 percent effective January 1, 2025 as part of efforts to combat illegal gaming operations. PAGCOR Chairman and CEO Alejandro H. Tengco said rates for E-Games operated by integrated resorts were also reduced to a lower 25 percent to …

The Philippine Postal Corporation (PHLPost) is now offering affordable logistics service to both government and the private sector. PHLPOst said it can now pick up, wrap, and deliver office equipment and other bulk items with the addition of  18 six-wheelers and four wheeler trucks to government and the private sector in need of affordable logistics service.  Postmaster General Luis Carlos …

ACMobility, the mobility solutions arm of the Ayala Group and a leader in electric vehicle (EV) infrastructure, is set to expand its charging network across Makati, one of the leading sustainable cities in Metro Manila.  By the first quarter of 2025, Makati will host 74 fully-operational charging points across 18  locations, including offices, malls, condominiums, and more. This expansion aims …

The Philippine Healthcare and Mercury Wastes Management Project (HCW Project) celebrated  International Zero Waste Month, highlighting the need to promote zero waste practices and principles in the healthcare sector and address challenges in implementing sustainable waste management solutions. The event, dubbed “Zero Waste for Health: Advancing Sustainability in Healthcare Facilities,” was conducted simultaneously in three regions where the HCW Project …

Contecon Guayaquil is enhancing Ecuador’s banana export capabilities with the launch of its first on-dock cold storage facility within the Port of Guayaquil. The Guayaquil Banana Gateway is the first on-dock cold storage facility in the country, which remains as the world’s top banana exporter.  Developed in partnership with Cool Carriers, the facility ensures uninterrupted cold chain preservation from cargo …

As the Philippines enters 2025, the rapid growth of its digital economy has made it a lucrative target for cybercriminals.  Recent data from the Kaspersky Security Network (KSN) reveals that between October and December 2024, over 26.8 percent of Filipino users faced web-borne cyberattacks, placing the country 17th globally for web-related threats.  These statistics underscore the urgent need for robust …

The Bangko Sentral ng Pilipinas (BSP) has conducted six) briefings on foreign exchange (FX) regulations across the country following a series of FX liberalization reforms issued in recent years. The FX briefings, which kicked off in June 2024, were held in BSP branches in the cities of Batac, Zamboanga, Cagayan de Oro, Puerto Princesa, Dumaguete, and Roxas and attended by …