Business

Headline inflation dropped further to 2.8 percent year-on-year in January 2024 from 3.9 percent in December 2023. This is at the low end of the BSP’s forecast range of 2.8-3.6 percent for the month and within the Government’s inflation target range of 3.0 percent ± 1.0 percentage point for the year. On a month-on-month seasonally adjusted basis, headline inflation declined …

Get to know the SM Foundation’s College Scholarship Program The SM Foundation, known for its commitment to empowering the Filipino youth, opens its SM College Scholarship application once again, offering a 360 support system for deserving students from low-income households.  Established by SM Group founder Henry Sy, Sr., the said education program goes beyond financial assistance. It provides a holistic …

As fund sufficiency remains a major challenge for micro, small and medium enterprises (MSMEs) particularly in emerging markets, 917Ventures’s loan aggregator Fundspace is offering a swift, user-friendly, and easily accessible digital solution to bridge the financing gap in the Philippines.  “No one can deny the outsized impact of micro, small, and medium enterprises (MSMEs). According to the United Nations Development …

The Land Bank of the Philippines (LANDBANK) continues to intensify its support to advance growth in the countryside, with outstanding loans to the entire agricultural value chain surging to P755.1 billion as of end-December 2023.  The Bank expanded its loans to agriculture and rural development by 23% from P614.8 billion in the third quarter, driven by strategic financing for agriculture …

SM Supermalls unveils Chan Lim’s 50th-anniversary art exhibit at SM Megamall, celebrating the Year of the Dragon with renewed hope, joyous beginnings, and prosperity. In the photo (L-R): SM Supermalls’ Assistant Vice President for Operations Ian Mathay, Senior Vice President for Marketing Jonjon San Agustin, and the Chan Lim Family of Artists and Students led by Jose Chan Lim, Lucio …

SM Development Corporation (SMDC) celebrated a significant milestone as Style Residences in Iloilo held its Turnover Ceremony and Property Blessing, coinciding with the annual Dinagyang Festival celebration. SMDC President Jose Mari Banzon addressed the gathering, expressing his excitement and gratitude for the successful completion of Style Residences. In his speech, he remarked, “Style Residences is the first project that we’re …

Aligned with President Ferdinand R. Marcos Jr.’s vision to ensure food security, Department of Trade and Industry (DTI) Secretary Fred Pascual, together with Department of Agriculture (DA) Chief of Staff Atty. Alvin John Balagbag, and National Irrigation Administration (NIA) Acting Chief Eduardo Eddie Guillen, inked a memorandum of understanding (MOU) to establish cooperation measures in the development and implementation of …

LG Electronics Inc. (LG) announced its financial results for the year 2023, disclosing a consolidated revenue of KRW 84.2 trillion and an operating profit of KRW 3.55 trillion. This marks the third consecutive year of achieving record-breaking annual revenue. The operating profit is also solid, approaching levels seen during the prior period of pent-up demand. Despite challenging external factors such …

The International Longshore and Warehouse Union (“ILWU”) and ICTSI Oregon, Inc. (“ICTSI”) today jointly announce that they have reached a settlement of all legal claims. Specifically, the settlement finally resolves all ICTSI’s claims against ILWU relating to the decade-long litigation captioned ICTSI Oregon, Inc. v. International Longshore and Warehouse Union, et al., Case No. 3:12-cv-1058-SI, pending in the United States District …

The SM Foundation, known for its dedication to social development, clinched two prestigious Silver Anvil Awards at the recent 59th Anvil Awards. Recognized as the “Oscars of Public Relations,” the awards are presented by the Public Relations Society of the Philippines (PRSP) to honor excellence in the field. The achievements of SM Group’s social good arm were celebrated in the …