The Department of Trade and Industry (DTI) announced on Thursday that it is ready to assist local businesses severely affected by Severe Tropical Storm Kristine (international name Trami). Following President Ferdinand R. Marcos Jr.’s directive, DTI Acting Secretary Cristina Roque highlighted the agency’s dedication to supporting recovery efforts, particularly for micro, small, and medium enterprises (MSMEs). “We have been actively …
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The Semiconductor and Electronics Industries in the Philippines Foundation, Inc. (SEIPI) announced on Thursday that electronic product exports are anticipated to rebound in 2025. During the 13th Arangkada Philippines Forum in Pasay, SEIPI President Dan Lachica shared that the organization is forecasting a 5% increase in electronics exports for next year, marking a significant shift from the expected 10% decline …
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The national government’s budget deficit has decreased during the first nine months of the year, according to the latest data from the Bureau of the Treasury (BTr). In a cash operations report released on Thursday, the BTr revealed that the budget deficit narrowed by 1.35% to P970.2 billion, down from P983.5 billion for the same period last year. A budget …
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Victoria International Container Terminal (VICT), a fully automated container terminal and International Container Terminal Services, Inc.’s business unit in the Port of Melbourne, Australia, received the inaugural call of the enhanced Wallaby service last September. Operated by Mediterranean Shipping Company (MSC), the Wallaby service offers a faster and more direct connection between Australia, New Zealand, and North Asia to provide customers with improved …
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The Philippine Amusement and Gaming Corporation (PAGCOR’s) massive relief drive for areas affected by Tropical Storm Kristine has begun in earnest, sending out an initial 5,000 relief packs on Thursday from a total of 53,000 packs it has prepared. The relief packs will be dispatched to hard-hit communities in the Bicol Region, Northern Luzon and CALABARZON, said PAGCOR Chairman and …
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Manila Water’s third septage treatment plant (SpTP), the P141.5-million Pinugay Septage Treatment Plant (SpTP), is set to rise in Barangay San Jose, Antipolo City, with the goal of protecting the environment and safeguarding public health. Expected to be completed by September 2025, the Pinugay SpTP will have a 50-cubic-meter capacity and is projected to provide sanitation treatment services to 143,612 …
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Kaspersky’s Global Research and Analysis Team (GReAT) uncovered a sophisticated malicious campaign by the Lazarus Advanced Persistent Threat (APT) group, targeting cryptocurrency investors worldwide. The attackers used a fake cryptogame website that exploited a zero-day vulnerability in Google Chrome to install spyware and steal wallet credentials. These findings were presented at the Security Analyst Summit 2024 in Bali. In May …
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BingoPlus, the country’s comprehensive digital entertainment platform, brought another wave of fun and support to the communities as it successfully delivered the “BingoPlus Day Masskara Music Festival 2024” on Sunday, October 22. The BingoPlus Day Masskara Music Festival 2024 is a special day dedicated to bringing quality entertainment, exciting prizes, and an opportunity to extend help to communities in need. …
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Company Achieves Highest Third-Quarter Revenue and Sustains Year-Over-Year Growth for Four Consecutive Quarters LG Electronics Inc. (LG) today announced its third-quarter 2024 consolidated revenue of KRW 22.18 trillion and an operating profit of KRW 751.9 billion. This revenue marks the highest ever for a third quarter, while the operating profit ranks as the fourth highest in the company’s history. Several …
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LG Philippines recently showcased its leadership in smart home technology through an exhibit collaboration with DITO HOME WOWFi, the world’s first 5G RedCap Wi-Fi for home. This collaboration highlights LG’s commitment to enhancing smart home experiences by integrating LG appliances with DITO’s next-gen technology. The LG ThinQ App harnesses AI to optimize appliance performance and adapt to individual lifestyles, streamlining …
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The Market Monitor Minding the Nation's Business