Business

The 28th edition of the Mabuhay Miles Elite Invitational Golf Tournament goes to Tagaytay on Nov. 14, Thursday, where a full field of 350 players coming from the business sector here and abroad will tee it up. Ryan Abdon will be shooting to win the event for the second straight time after triumphing at the Orchard in Cavite last year …

As part of its efforts to help the government in ensuring health and medical services,  the SM Foundation  turned over the  newly-renovated Basa Air Base Hospital located  in Floridablanca, Pampanga recently.` SM Foundation Executive Director for Health and Medical Programs Connie Angeles said the Basa Air Base Hospital is a 17-bed capacity facility catering to the medical and healthcare needs …

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 …

The Philippine National Bank (PSE: PNB) posted a consolidated net income of P15.1 billion for the first nine months of 2024, 12 percent higher compared to its earnings for the same period last year at the back of robust growth in net interest income. Comprising 83 percent of total operating income, the Bank’s net interest income increased by 10 percent …

BDO Unibank, Inc.’s (BDO) net profit grew 12% year-on-year (YoY) to P60.6 billion in the first nine months of 2024, driven by the sustained contribution of its core intermediation and fee-based service businesses. Annualized Return on Common Equity (ROCE) stood at 15% in the 9M 2024 period. Gross Customer Loans increased 13% YoY on broad-based growth across all market segments, …