Business

South Pacific International Container Terminal (SPICT) and Motukea International Terminal (MIT), International Container Terminal Services, Inc.’s (ICTSI) operations in the ports of Lae and Motukea, respectively, established a record as they welcomed the largest boxship to ever dock in Papua New Guinea and the Pacific Islands region. The 2,754-TEU gearless ship KOTA GABUNG made its inaugural call in Lae on 12 November and in Motukea, adjacent to …

The Securities and Exchange Commission (SEC) was recognized as one of the top performing agencies in the implementation of the Freedom of Information (FOI) Program of the Executive Branch, proof of its commitment to transparency by ensuring open access to information. The Presidential Communications Office, led by its FOI-Project Management Office, presented the award, given to government agencies with 500 …

December 8 marks the ninth anniversary of The Market Monitor: Minding the Nation’s Business, one of the most sought-after business newspapers, offering a different view of the latest financial developments in the Philippines. Aside from the latest business and financial news, The Market Monitor also takes pride in its reports on banking and finance, motoring, games and gaming, gadgets and …

Overcrowded classrooms, insufficient learning time, inadequately designed learning spaces, and teacher dissatisfaction pose challenges to the Philippine education system. The challenges faced by the Philippine education system are multifaceted. With inadequate time for instruction, students are unable to grasp concepts thoroughly, leading to a compromised educational experience. Non-conducive learning environments contribute to an atmosphere that hampers intellectual growth. These challenges …

International Data Corporation (IDC), a global leader in market intelligence, advisory services, and events for the technology sector, has conferred the prestigious Best in Future of Customer Experience award upon SM Development Corporation (SMDC) in the 7th IDC Future Enterprise Awards (FEA) for the Philippines. IDC’s Future Enterprise framework envisions how organizations must adapt to thrive in increasingly digital markets. …

The SM Foundation (SMFI) celebrated the graduation of its 397 scholars from the class of 2023, including 8 summa cum laude, 72 cum laude, 55 magna cum laude, and 26 academic distinction awardees. Held at the SMX Convention Center in Pasay City, the presentation of graduates served as a mark of the significant milestone in the scholars’ academic journeys and …

For the month of December, Manila Water’s monthly desludging caravan will go around sixty-nine (69) barangays in the East Zone concession area to provide siphoning services at no additional cost. In Metro Manila, residents from Barangay E. Rodriguez, East Kamias, West Kamias, Krus na Ligas, Pinagkaisahan, Sauyo, Silangan, Tandang Sora, UP Campus, Kalusugan, West Kamias, San Vicente, Bagumbayan, Ugong Norte, …

Victoria International Container Terminal (VICT), International Container Terminal Services, Inc.’s (ICTSI) operation at the Port of Melbourne in Australia, is gearing up to meet the challenges of 2024 and beyond with the scheduled completion of Phase 3A of its expansion project in December.  The AUD235 million project is being carried out in two phases. Phase 3A will increase the terminal’s …

FOODPhilippines marked another successful participation in the annual China International Import Expo (CIIE), surpassing export sales generated in the 2022 edition of the recently concluded import-themed trade show. A delegation of 16 Philippine businesses engaged in food and beverages capped its participation in the world’s biggest import expo, held from November 5 to 10, and broke the USD 655 million …

Employee violations of an organization’s information security policies are as dangerous as external hacker attacks according to a recent study from Kaspersky. In the last two years, 33% of cyber incidents in businesses in Asia Pacific (APAC) occurred due to employees intentionally violating security protocol. This figure is almost equal to the damage caused by cybersecurity breaches, 40% of which …