Business

AXA, a global leader in insurance and investment, recently announced the appointment of Ayman Kandil as its new President & Chief Executive Officer for AXA Philippines, effective October 1, 2024. Mr. Kandil is currently the Chief Distribution Officer of AXA Philippines. In this new post, he brings extensive executive experience and a proven track record in the insurance industry. He …

Landers Superstore, the fastest-growing membership retail chain in the country, is bringing the beauty, craftmanship, and innovation of Japan to its stores with its first-ever JAPAN FEST. Set to run from August 14 to September 10, 2024, the biggest themed exhibition in Landers’ history, is gearing up to be an exciting and immersive celebration featuring the best of the best …

Manila Water’s facility upgrade project at the Balara Treatment Plant 2 (BTP 2) supports the company’s mission of providing top-quality water to its growing customer base while augmenting the safety features of the facility for its employees. The project includes a complete reconstruction of the Supervisory Control and Data Acquisition (SCADA) room, featuring an upgraded SCADA workstation equipment. The upgraded …

East Java Multipurpose Terminal (EJMT), International Container Terminal Services, Inc.’s (ICTSI) business unit in Lamongan Regency, Indonesia, recently took delivery of two new Konecranes Gottwald post-Panamax ESP.8 mobile harbor cranes (MHC). The new equipment will support EJMT in handling bulk, project and container cargo once the terminal commences operations in September. “We are pleased to collaborate with Konecranes for our …

Solaire Resort North records positive EBITDA in first 37 operating days Bloomberry Resorts Corporation (“Bloomberry”, “the Company”), whose subsidiaries own and operate Solaire Resort Entertainment City (SEC), Solaire Resort North (SN), and Jeju Sun Hotel & Casino (Jeju Sun), reported unaudited consolidated financial results for the three months and six months ended June 30, 2024.  Enrique K. Razon Jr., Bloomberry …

SM Foundation, in partnership with employee volunteers from SM City Bataan, distributed 300 Kalinga packs on August 9 to families affected by an oil spill in Barangay Lamao, Limay, Bataan. The aid distribution was carried out under Operation Tulong Express (OPTE), a social good program by SM Foundation in collaboration with SM Supermalls and SM Markets. The recent distribution in …

by Annalyn S. Jusay Block Dojo, a global venture builder headquartered in the UK, celebrated its first year in the Philippines by spotlighting six forward-thinking startups during their Demo Day on August 1 at the Asian Institute of Management. These startups had successfully completed a 12-week incubation program, where the founders gained valuable insights into leveraging blockchain technology for their …

Today’s advances in medical technology have seen the increased usage of stem cells for general cell repair and regeneration. And this procedure also extends to dermatological applications. However, Aphrozone Philippines takes a more natural approach to skin care by harnessing plant stem cells. Aphrozone Philippines is the sole and exclusive distributor in the Philippines of “365 Ruby-Cell”, the plant-based stem …

Government Service Insurance System (GSIS) is extending its Restructuring Program for Service Loans (RPSL) until May 19, 2025. The extension offers a good opportunity for borrowers to benefit from longer and more affordable payment terms. “The GSIS offers a restructuring and condonation program for all past due loans. This underscores our commitment to help members and pensioners manage their financial well-being …

By Rose de la Cruz Finance Secretary Ralph Recto, who sits as chair of the Maharlika Investment Corp., the new sovereign wealth of the country, is not convinced that officials and technical staff must be getting an unusually high salary. Instead he proposed that such compensation should be ‘result oriented and performance-based’ rather than atrociously high. This, considering that MIC …