Business

Sharp, a renowned manufacturer of home appliances, has reached a significant milestone with the production of its 11 millionth washing machine. The celebratory event, graced by esteemed guests including those from the local government, as well as Sharp Corporation Japan’s Unit General Manager of Cleaning, Laundry and Smart Appliance, Masanori Komori, highlighted the company’s dedication to excellence and its global …

We have been alerted to a fabricated news story circulating on Facebook that falsely claims Enrique K. Razon Jr., Chairman of International Container Terminal Services, Inc., Bloomberry Resorts Corporation and Prime Infra, is being sued by the Central Bank of the Philippines following a “recent interview.” This fake news item has been designed to resemble the interface of Inquirer.net’s website …

To address urgent financial needs during emergencies, Land Bank of the Philippines (LANDBANK) has expanded its available loan packages for businesses and individuals affected by calamities and natural disasters to help facilitate and fast-track rebuilding efforts.  Under the enhanced LANDBANK CARES+ (Community Assistance and REintegration Support Plus) Lending Program, affected farmers and fishers, cooperatives, micro, small and medium enterprises (MSMEs), …

Manila Water Foundation, the social development arm of East Zone concessionaire Manila Water Company, together with its partners: the Metropolitan Waterworks and Sewerage System (MWSS), and the Provincial Environment and Natural Resources Office of Bulacan, handed over family toilets in Sitio Sapang Munti of Barangay San Mateo in Norzagaray, Bulacan. After months of construction, eleven (11) out of thirty (30) …

“The development gives TecPlata an advantage over the terminals in the city of Buenos Aires, where the channels are limited to 10 meters,” said Juan Pablo Trujillo, TecPlata chief executive officer.  He added: “Our next objective is to deepen the access channel to a depth of 14 meters, similar to the design of the container terminal, to bring Argentina on …

The Department of Trade and Industry (DTI) welcomed the House Committee on Trade and Industry’s approval of the House Bill No. 10678, also known as the Clark National Food Hub (CNFH) Act. This bill aims to establish a major food hub in Clark, Pampanga to improve food security, enhance supply chain efficiency, and promote economic growth.  “With the CNFH Act, …

Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. has been recognized as one of the top-performing central bank governors globally, receiving an “A-” rating in Global Finance magazine’s 2024 Central Banker Report Cards. The prestigious annual ranking evaluates central bankers from nearly 100 countries, territories, and regions.  Governor Remolona completed his first year in office on 3 July 2024.  …

Citywire Asia recognizes Metrobank as the Best Asset Manager for the Philippines and names Metrobank Investment Management Head Cristina Gabaldon as one of the 2024 Top 25 ASEAN Selectors at the Citywire Asia ASEAN Awards.  “We are honored to be recognized by one of the trusted financial publications worldwide. These awards show our strength in providing a wide spectrum of …

China Banking Corporation (Chinabank, PSE Stock symbol: CBC) saw its net income from January to June 2024 rise to a record P11.4 billion, up 6% compared to the same period last year on the back of stronger core lending and deposit-taking activities. This translated to a return on equity of 15.1% and a return on assets of 1.5%, still among …

Representatives from the Yuchengco Group of Companies (YGC) affiliates bared their initiatives on increasing community preparedness amid climate change at the recently concluded 2nd YGC business forum entitled “Future-proofing the Philippines: Bolstering climate resilience and community readiness.” In his opening remarks, RCBC CEO and President Eugene Acevedo highlighted the inevitability of natural disasters and the importance of being prepared in …