Business

Mindanao Container Terminal (MCT), International Container Terminal Services, Inc.’s (ICTSI) operation in Cagayan de Oro, Philippines, received the inaugural call of MV Ever Core under a new joint service by Evergreen and Wan Hai Lines last August. The new bi-monthly service enhances MCT’s connectivity with key international markets in Hong Kong and Taiwan through the ports of Cagayan de Oro, Davao, Shekou, …

In a signing ceremony held at Solaire Resort Entertainment City, Bloomberry Resorts Corporation (Bloomberry) subsidiaries Bloomberry Resorts and Hotels, Inc. (BRHI), as borrower, and Sureste Properties Inc. (SPI), as surety and 3rd party security provider, signed with a group of banks the P72.0 billion Syndicated Refinancing Facility. The new facility replaces the existing P73.5 billion Syndicated Term Loan Facility obtained …

Get ready for an exciting journey with MR.TOY’s latest collection of adventure-themed toys, guaranteed to spark endless fun and countless adventures.  From fierce dinosaurs to epic battles, these toys are perfect for kids who love action, creativity, and discovery. Here are the must-have items that will turn every playtime into a thrilling adventure: Experience the thrill of a Jurassic adventure …

The Pampanga Caravan is the third and final leg of MR.DIY’s series of caravans aimed at bringing fun and excitement to customers in North and Central Luzon Continuing its commitment to community engagement and family fun, MR.DIY, in partnership with brand ambassadors Team Kramer, rolled out the third leg of the MERON DIYan! Caravan in Pampanga.  As the leading home …

Figaro Innovation and Development Inc. (FIDI), a subsidiary of Figaro Coffee Group, is pleased to announce the signing of a Mutual Non-Disclosure Agreement, marking the beginning of a strategic partnership aimed at boosting local agricultural development and ensuring food security together with San Jose Workers’ Multi-Purpose Cooperative (SJWMPC), and the Batangas Organic and Natural Farming Agriculture Cooperative (BONFAC). The signing …

The country’s total external trade in goods went up 1.8 percent to USD17.87 billion in August from USD17.56 billion in the same month in 2023, the Philippine Statistics Authority (PSA) said. Data released by the PSA on Thursday showed that of the total external trade during the month, 62.2 percent were imported goods, while 37.8 percent were exported goods. The …

President Ferdinand R. Marcos Jr. on Wednesday welcomed the plan of SHERA Public Company Ltd. to invest P2.9 billion in the Philippines for the production of fiber cement building materials for local and export markets. “For the Philippines, of course we are very interested in this because of import substitution that it will provide. And hopefully, if things go well, …

Local pharmaceutical industry players are being encouraged to adopt 2D barcodes, including Quick Response (QR) codes, to combat the spread of counterfeit medicines and medical supplies in the domestic market. GS1 Philippines, the leading organization for local barcode standards, emphasized the importance of this measure as the country remains under the watch of the United States Trade Representative (USTR) for …

The World Bank last week revised its 2024 and 2025 economic growth forecasts for the Philippines, highlighting the country’s favorable medium-term outlook. In its October East Asia and Pacific Economic Update, the World Bank projected the Philippine economy to grow by 6.0 percent this year, up from its earlier forecast of 5.8 percent. The 2025 growth forecast was also raised …

The Asian Development Bank (ADB) is expected to approve within the year the funding for the first phase of the Laguna Lakeshore Road Network (LLRN) Project. In a recent interview, ADB Country Director for the Philippines Pavit Ramachandran said they are now in the last stages of having the Laguna Lakeshore Road Network project presented to the ADB Board for …