Business

The Bangko Sentral ng Pilipinas (BSP) and its partner organizations launched new financial educational programs for agricultural workers, college students and overseas Filipino workers (OFWs) at ceremonies held on June 8, 2023 at the BSP Manila head office. These initiatives were developed by the BSP in cooperation with various partner organizations to broaden and deepen the reach of financial education …

Foreign direct investment (FDI) recorded US$548 million net inflows in March 2023, lower by 30.7 percent than the US$792 million net inflows in the same month in 2022. The said decline resulted from lower net inflows across all major FDI components amid investor concerns over subdued global growth prospects. Equity capital placements during the month originated mostly from Singapore, Japan, and the …

The path to success is often marked by resilience and unwavering determination. However, for individuals hailing from financially disadvantaged households, this journey requires an extra layer of practicality and resourcefulness.  Lea Pedarse, an alumna of the SM Foundation’s Scholarship Program, exemplifies these qualities as she triumphs in the recently concluded Licensure Examination for Certified Public Accountants (CPALE), securing a spot …

Instead of travelling 20 minutes via tricycle and spending P60 for fare, Sheena Bautista, a resident of Barangay Nancalobasaan in Pangasinan, now has the option to visit the nearest Alfamart in their neighborhood that is only a few meters from her house.  Located near the town’s residential cluster in Urdaneta City, Alfamart, a part of SM Investments Corporation’s food retail …

The Securities and Exchange Commission (SEC) has considered favorably the shelf registration by Petron Corporation of up to 50 million preferred shares. In its meeting on recently, the Commission En Banc resolved to render effective the registration statement of Petron covering Series 4 preferred shares, subject to the company’s compliance with certain remaining requirements. Petron may offer the preferred shares …

A subsidiary of Ayala Corp., one of the country’s conglomerates, has invested in a biotechnology startup based in Scotland that aims to address challenges in food security. In a statement on Friday, Ayala Corporate Technology Innovation Venture (ACTIVE) Fund said it invested in Roslin Technologies, which specializes in stem cell technology for cultivated meat. Through this innovation, meat is grown …

Globe At Home has partnered with global technology powerhouse Samsung to provide a new level of care for customers through prioritizing innovation and customer value  at home, making households smarter, better connected and future ready.  With the shared goal of enhancing the digital lives of Filipinos, Globe At Home and Samsung are kicking off their partnership with an exciting promo …

A project to accommodate larger ships at the Victoria International Container Terminal (VICT) is on schedule to be operational by 2024, paving the way for VICT to further consolidate its position as the most advanced container terminal at the Port of Melbourne and across Australia. Recently appointed VICT Chief Executive Officer Bruno Porchietto says that upon completion, the AUD235 million …

One of the most important events in Philippine history is the declaration of our independence as a nation. As we inch closer to Independence Day, Filipinos have already started to commemorate the heroism of every Super Pinoy who fought mightily for our freedom. In celebration of the Philippines’ 125th Independence Day, SM Supermalls will be holding major events and activities …

Department of Trade and Industry (DTI) Secretary Fred Pascual laudedFilipino retailers who withstood the challenges brought by the pandemic and for emerging as a more stable and resilient enterprises. During the 2023 Outstanding Filipino Retailers(OFR)Awards Night on 08 June 2023 held at Okada Manila, he cited the significant contribution of these enterprises to the growth of the Philippine economy.  During …