Business

Shell Pilipinas Corporation (SPC) reported a net income of P1.2 billion for 2023, a remarkable turnaround from 2022, marked by more than 60% improvement in its financial performance. SPC mirrored the country’s economic recovery, achieving a 4% volume increase while maintaining strong premium product penetration. SPC continues to hold a high position in the premium fuels and lubricants market. “I’m …

The 8th Kasalan sa SM mass wedding tied the knot for 16 couples on May 15, 2024, at the Shrine of Jesus the Way, the Truth and the Life Church, MOA Complex, Pasay City. This event, organized by SM Supermalls and the Felicidad T. Sy Foundation, Inc. (FTSFI), also included proud members of the SuperMoms Club, making the occasion even …

Lower VIP and mass table revenue drags net income down 11% YoY to P2.6 billion Bloomberry Resorts Corporation (“Bloomberry”, “the Company”), whose subsidiaries own and operate Solaire Resort Entertainment City (Solaire) and Jeju Sun Hotel & Casino (Jeju Sun), reported unaudited consolidated financial results for the three months ended March 31, 2024.  Enrique K. Razon Jr., Bloomberry Chairman and CEO, …

International Container Terminal Services Inc. (ICTSI) is building a new international container terminal in Bauan, Batangas, Philippines. The new terminal will be the largest privately-funded marine terminal investment in the country’s history and will ultimately be the second-largest container facility after the Manila International Container Terminal (MICT) in the Port of Manila. With design and engineering studies well underway, ICTSI …

Worldbex Services International (WSI) returns this year to Davao City to bring its premier events experience to the Mindanao region! The Philippine Building and Construction Expo Davao 2024 (PHILBEX Davao 2024) and the Travel and Leisure Expo Davao 2024 (TLEX Davao 2024) open today to bring you the WSI premier experience to Davao at the SMX Convention Center Davao – …

Social good initiatives like medical mission’s uplift populations who put healthcare last and prioritze more immediate concerns like securing food and shelter. These missions bring essential healthcare services directly to vulnerable populations to alleviate immediate health concerns and promote long-term well-being and empowerment.  As it continues to promote healthcare in various communities, SM Foundation recently held three successful medical missions …

By Rose de la Cruz Barring any major damage to palay production during the ongoing harvest, the government is hopeful about selling rice through its Kadiwa stores at only P30 per kg and lower by July. Considering that current retail prices are above P50 per kg for regular and well-milled rice, let us see how this planned retail prices would …

Davao is going to be much more exciting this May as Worldbex Services International brings its premier events experience to the Mindanao region! As one of the country’s fastest-growing economic cities, Davao is no doubt a perfect venue to host two of the leading world-class expositions in the country, the Philippine Building and Construction Expo Davao (PHILBEX Davao) and the …

Passwords serve as the foundation of our digital lives, but they also serve as the gateway for cybercriminals to hack into sensitive personal information.  Considering their essential function, passwords remain a prime target for increasingly sophisticated cybercriminal attacks. Therefore, taking proactive measures to safeguard accounts and personal information is imperative.  To mark World Password Day on May 2, Kaspersky experts …

Enrique K. Razon, ICTSI Chairman and President said:  “I am pleased to announce an excellent first quarter with ICTSI delivering growth in revenues of 11 percent to US$637.65 million and record EBITDA of US$413.76 million, a rise of 17 percent against the previous period.  Our international portfolio performed exceptionally well, and the Group continues to benefit from geographic diversification spanning …