Companies

Bringing Next-level Fluency and Durability in the Philippines Innovative technology brand TECNO has announced the debut of its latest smartphone in the Philippines, the SPARK 30 Series, featuring a dynamic lineup of four models including an exciting SPARK 30 Series TRANSFORMERS Edition. The new series brings revolutionary durability and playability with 5-year guaranteed lag-free performance, more immersive audiovisuals, an incredible …

J&T Express, one of the leading delivery service providers in the Philippines, is expanding its Cash-on-Delivery (COD) offering, now available to walk-in customers and door-to-door pickup clients starting this quarter. The expansion aims to provide more convenient payment options for customers, particularly micro, small, and medium enterprises (MSMEs) that rely on flexible logistics solutions.  With the new COD feature accessible …

The Philippine Amusement and Gaming Corporation (PAGCOR) achieved a revenue surge in the first nine months of the year, reaching P79.43 billion, a 42% increase from last year’s P55.95 billion. PAGCOR Chairman and CEO Alejandro Tengco attributed this growth largely to the electronic games sector. “The electronic games sector alone contributed P28.22 billion or 35.52 percent to the gaming revenue …

Since its establishment in April, the Department of Trade and Industry’s (DTI) Task Force Kalasag (TFK) has seized 872,652 units of substandard goods valued at P297.9 million. The seized products were deemed substandard due to missing markings required by the Bureau of Philippine Standards (BPS) and insufficient product information. Confiscated items included household appliances, ceramic tiles, sanitary wares, steel wires, …

Foreign direct investment (FDI) net inflows to the Philippines totaled USD1.03 billion in September, according to data released by the Bangko Sentral ng Pilipinas (BSP) on Thursday. The September net inflows surged by over 92 percent, or USD491.82 million higher from the previous month, up from August’s USD533.95 million. “The US$1,025.77 million net inflows for September 2024 are a reversal …

Oil prices continued to climb on Friday following news reports that Iran is preparing to strike Israel in a few days. The international oil benchmark of Brent crude increased by 0.55 percent to USD74.43 per barrel at 11.09 a.m. local time (0809 GMT), up from the previous session’s close of USD74.02. The US benchmark West Texas Intermediate also rose by …

Metropolitan Bank & Trust Co. (Metrobank) was recognized with a Gold Stevies at the recently held 2024 International Business Awards for its ‘Grow With Metrobank’ campaign, which tell the stories of growth from customers’ and Metrobankers’ perspective. The campaign had two parts: first is a customer story video, which is based on how the Bank has helped clients in their …

Land Bank of the Philippines (LANDBANK) has announced the availability of immediate financial assistance to businesses and individuals affected by Typhoon Kristine, reinforcing its commitment to helping rebuild communities and restore economic activity in hardly hit areas. Under the LANDBANK CARES Plus (Community Assistance and REintegration Support Plus) Lending Program, various sectors—including farmers, fishers, cooperatives, micro, small, and medium enterprises …

The Government Service Insurance System (GSIS) launches the Multi-Purpose Loan (MPL) Lite program to help its members quickly bridge or cover unexpected expenses and temporary budget gaps, the GSIS said. The MPL Lite, tailored specifically to support members, offers accessible financing that ranges from 5,000 to 50,000 (multiple of five) with flexible repayment terms of six, 12, 18 or  24 …

East Java Multipurpose Terminal (EJMT), International Container Terminal Services, Inc.’s (ICTSI) operation in Lamongan Regency, Indonesia, has appointed Sinarmas LDA Usaha Pelabuhan (SLUP) as its preferred towage and pilotage supplier.  Under this partnership, SLUP will deploy two Azimuth Stern Drive Z-peller propulsion system harbor tugs with total engine power of 6,200 horsepower and provide Maritime Pilot Class 1 services to …