Business

The Land Bank of the Philippines (LANDBANK), the Overseas Filipino Bank (OFBank), and the Department of Migrant Workers (DMW) have joined forces to expedite the delivery of indemnity claims to Overseas Filipino Workers (OFWs) displaced by the bankruptcies of Saudi Arabian construction companies in 2015 and 2016. The collaboration will integrate and streamline the processes of LANDBANK and OFBank with …

Foreign direct investment (FDI) net inflows sustained its growth momentum in December 2023, increasing by 29.9 percent year-on-year to reach US$826 million from the US$636 million net inflows in December 2022. FDI increased mainly on the back of the 86.2 percent growth in nonresidents’ net investments in debt instruments to US$527 million from US$283 million in the comparable month in 2022. Similarly, reinvestment …

The new Bank of the Philippine Islands (BPI) head office, designed by Aedas Singapore, won the Silver award for ‘Best Workplace Design’ at the 2023 Design Excellence Awards—an annual design competition organized by the Interior Design Confederation Singapore (IDCS). BPI aims to enhance collaboration, inspire creativity, and attract and retain talents by offering a workspace which supports employee satisfaction and …

EastWest delivered P6.1 billion net income in 2023, 32% higher from last year, on the back of sustained consumer loan growth and strong deposit generation. Return on equity (ROE) stood at 9.5%. “We witnessed significant growth in our major assets, our consumer loans portfolio. This translated to a remarkable jump in our net income as we doubled down on our …

San Miguel Food and Beverage Inc. (SMFB) ended 2023 with outstanding financial results, despite the challenges of an unpredictable macroeconomic landscape. Consolidated sales reached P379.8 billion, a 6% increase from the previous year, with all business units reporting growth in sales compared to 2022. This was attributed to improved volumes and pricing strategies. EBITDA was up 7% at P66.8 billion, …

The Philippines expects to forge commercially meaningful partnerships with US businesses and investors with the arrival to the country of an American trade mission this week, a trade official announced on Saturday. “There will be a high-level delegation comprised of 22 business delegates, C-level representatives from strategic sectors and iyong pag-uusapan po next week (this week) is of course how …

Continuing its commitment to social responsibility, Owndays Philippines– a leading Japanese eyewear brand–hosted its 2nd Cases for Change event last March 1, 2024 at their flagship branch in SM Megamall. The launch was filled with insightful stories and heartwarming testimonials, central to this year’s Cases for Change theme of Philippine Animal Well-Being. In her opening remarks, Ms. Jammie Gregorio, Owndays …

After launching the new Galaxy AI features with the Galaxy S24 series, Samsung has expanded efforts to broaden accessibility of Galaxy AI. The company’s latest One UI 6.1 software update, arriving this March, will bring Galaxy AI capabilities to additional devices including the Galaxy S23 series. The updated AI features aim to enhance and elevate the user experience. Galaxy AI …

Parqal, the latest and most dynamic addition to Aseana City’s landscape celebrates nearly six months of successful operation proving to be a thriving space where Aseana City’s residents and visitors alike come together. Since its grand opening in September 2023, Parqal has emerged as the go-to destination for community events, recreational activities, and exciting retail experiences. Parqal has served as …

As Women’s Month blossoms, let OGAWA be your companion in embracing self-care and wellness. Elevate your well-being and honor the strength and grace of womanhood with OGAWA’s Master Drive AI Genuine Leather, Master Drive Plus 2.0 Mocha, and Master Drive Plus Maroon. These exclusive massage chairs aren’t just about relaxation; they symbolize empowerment and rejuvenation, making them the quintessential indulgence …