Figaro Coffee Group (FCG), a leading player in the Philippine food and beverage industry, reported strong financial performance for the fourth quarter of 2024, showcasing robust growth and a solid financial standing. The company achieved strong profitability, strengthened its operational capabilities,and expanded its market presence. For the period October 1 to December 31, 2024, FCG recorded a net income before …
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Cebu Pacific (CEB) saw a significant surge in passenger volume last month, transporting 2.6 million travelers—an increase of 33.4% compared to January 2024. “January traffic saw strong passenger demand, fueled by holiday travel and the airline’s network and capacity expansion over the past year,” CEB president Alexander Lao said in a statement on Friday. The budget airline, owned by the …
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Renewable energy (RE) developers demonstrated strong interest in the third round of the Green Energy Auction (GEA-3), with bids surpassing the Department of Energy’s (DOE) 4,650-megawatt (MW) installation capacity target. In a report released last week, the DOE announced that GEA-3 attracted 14 project bids, offering a total capacity of 7,530.89 MW for delivery between 2025 and 2035. “This marks …
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The Bureau of Customs (BOC) has uncovered P1.4 billion worth of luxury vehicles, including Ferrari, Lamborghini, Maybach, and Maserati, in separate warehouses in Pasay and Parañaque cities. BOC Commissioner Bienvenido Rubio said the Customs Intelligence and Investigation Service (CIIS) conducted an operation last week following reports and online photos showing allegedly smuggled high-end vehicles being sold illegally. The operation was …
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Finance Secretary Ralph Recto on Thursday emphasized that the newly signed double taxation agreement (DTA) between the Philippines and Cambodia will enhance the country’s tax system while attracting foreign investments. “By eliminating tax barriers and ensuring a fair and transparent framework, we are not only attracting greater foreign investments into the Philippines but also reinforcing our trade ties within the …
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The Government Service Insurance System (GSIS) marks a historic milestone as it launches the 20th GSIS National Art Competition on February 7, celebrating two decades of promoting Filipino artistic excellence and cultural heritage. “This milestone competition represents our enduring commitment to Philippine arts and culture,” GSIS President and General Manager Wick Veloso said. “Through this platform, we celebrate not just …
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UNICEF Philippines and BDO Foundation are partnering to expand educational opportunities for out-of-school children, youth, and adolescents in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) through the Alternative Learning System (ALS). The initiative, which is set to benefit vulnerable populations in Basilan, Tawi-Tawi, and Maguindanao, will offer a second chance for out-of-school children and youth to reintegrate into formal …
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Here’s good news to all elementary and high school students from public and private schools. The Philippine Postal Corporation (PHLPost) will hold the 54th Universal Postal Union (UPU) International Letter Writing Competition for students aged 9 to 15 years old. The winning piece will be sent by PHLPost as the Philippines’ official entry in the worldwide letter-writing competition to be …
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Basra Gateway Container Terminal (BGT), International Container Terminal Services, Inc.’s (ICTSI) operation at the Port of Umm Qasr, Iraq, has commissioned a new Konecranes Gottwald ESP.8 mobile harbor crane. With a 125-ton lifting capacity and a 54-meter boom, the crane can serve vessels up to post-Panamax class, further strengthening BGT’s operational capability. This latest acquisition is part of BGT’s continuing …
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ArenaPlus, the 24/7 sports entertainment gateway in the Philippines, inked another year of partnership with the country’s leading volleyball leagues, the Philippine Volleyball League and Spikers Turf, last February 6 at the Philsports Arena in Pasig City. In its second year, ArenaPlus has continued its support of the professional women’s and men’s volleyball leagues, delivering an exciting and entertaining volleyball experience for …
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The Market Monitor Minding the Nation's Business