Business

Turf Residences by SM Development Corporation (SMDC) celebrated its Grand Launch at the Lanson Place Grand Ballroom, Mall of Asia Complex, Pasay City on February 20, 2024, marking a new era in sophisticated suburban living. Turf Residences redefines the concept of home, elevating from a mere dwelling to become a sanctuary for personal growth and self-expression. Aimed at young professionals, …

SMDC Good Stays, the official leasing and tenancy management arm of the real estate giant SM Development Corporation (SMDC), is a pioneering name in real estate solutions. It offers both short and long-term leases, along with unit maintenance services, to provide a hassle-free investment experience for its buyers. On March 2, SMDC Good Stays proudly unveiled its latest venture, the …

SM Makati witnessed an infusion of sophistication, modernity, and sporty elegance as Lacoste Watch unveiled three new captivating collections at its Pop-up store. The event, which commenced on March 4, 2024, showcased the Boston Collection, the Lacoste.12.12 Hero Collection, and the Santorini Collection, each reflecting Lacoste’s commitment to timeless design and versatility. The Lacoste Watch Pop-up store, located at SM …

HUGO Watches, renowned for its commitment to innovation and style, hosted an exclusive roadshow at SM Makati, presenting two groundbreaking collections, #LIT FOR HIM and #BRAVE. The Pop-up store, featuring these avant-garde timepieces, will remain open until March 31, 2024. The HUGO Watches #LIT FOR HIM Collection epitomizes a sleek, gender-neutral design with bold branding, offering a fun and colorful …

The Supreme Court (SC) upheld the rulings that sentenced a man to prison for illegal possession and use of fake banknotes. In a decision penned by Associate Justice Jhosep Y. Lopez, the SC’s Second Division denied the petition by Allan Gacasan that challenged the rulings of the Court of Appeals (CA) and the Regional Trial Court (RTC). In a buy-bust …

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, …