Companies

By Rose de la Cruz Despite geopolitical uncertainties, Philippine CEOs (chief executive officers) are optimistic of business growth because of improving economy, which they noted is faster than most countries in the world. A survey done by British professional services brand Pricewaterhouse Coopers and the Management Association of the Philippines from July 8 to August 9 this year showed that …

Visayas Container Terminal (VCT), International Container Terminal Services, Inc.’s (ICTSI) cargo handling facility in Iloilo, Philippines, has significantly enhanced its operational capability after taking delivery of two new ESP.5 Konecranes Gottwald mobile harbor cranes (MHC). The modern port equipment, the largest and first of their kind in the island of Panay, will elevate the standard of port operations in the …

Landers Superstore’s Japan Fest was a resounding success. This vibrant festival brought a taste of Japan’s rich culture, featuring mouthwatering cuisine, traditional experiences, and exclusive shopping deals. From authentic Japanese dishes to family-friendly activities, it was an unforgettable celebration for all attendees. Whether you’re a fan of Japan or just looking for a fun-filled event, Japan Fest was the place …

Bulova, the iconic American watch brand, has opened an exclusive pop-up shop at the ground floor of SM Makati, showcasing its latest collections and celebrating a timeless legacy of craftsmanship. Founded in 1875 by Joseph Bulova, the company is now owned by the Citizen Watch Co., a Japanese conglomerate. Bulova is known for offering classic and elegant timepieces that balance …

The Bureau of Customs (BOC) on Friday reported that it has exceeded its revenue collection target for January to August 2024 by P5.189 billion. Preliminary reports showed the bureau collected P614.781 billion during this period, surpassing its PHP609.592 billion collection target by 0.9 percent. This also reflects a 5.7 percent increase, or P33.290 billion, compared to the P581.491 billion collected …

Australian Ambassador to the Philippines HK Yu announced Friday that the Australian government is finalizing an AUD45 million (P1.7 billion) Economic Growth Development Program for the Philippines. During a forum for the Australian Business Mission to the Philippines in Makati City, Yu said the aid aims to boost trade and investment relations between the two countries. In a press conference, …

Finance Secretary Ralph G. Recto has emphasized that the slower inflation rate in August 2024 demonstrates the effectiveness of the government’s targeted interventions to stabilize food prices, and assured the public that it will sustain the downward momentum by staying vigilant against risks. “We will not be complacent. While we are now seeing the positive results of our measures, we …

This September, three prime events in Cebu City—also known as the Queen City of the South—will bring innovation, recreation, and business together in a unique way. The Philippine Building and Construction Expo (PHILBEX Cebu), the Cebu Foods and Beverages Exposition (CEFBEX),), and the Cebu Auto Show (CAS) are set to provide an unmatched exhibition of culinary artistry, automotive innovations, and …

Contecon Guayaquil S.A. (CGSA), International Container Terminal Services, Inc.’s (ICTSI) Ecuadorian business unit, has forged a significant partnership with COSCO Shipping Specialized Carriers to handle the latter’s general cargo ships at the Port of Guayaquil for the next three years. The partnership is in line with CGSA’s objectives to expand its client base, set the regional standard for service, and consolidate …

Manila, Philippines – September 3, 2024 – In a landmark achievement for Filipino hospitality, Megaworld Hotels & Resorts (MHR) has been awarded the prestigious title of the Philippines’ Leading Hotel Group by the World Travel Awards (WTA). This accolade marks a significant milestone for MHR, a rapidly growing homegrown hotel chain renowned for its heartfelt service and dedication to showcasing …