Business

Contecon Manzanillo S.A. de C.V. (CMSA), International Container Terminal Services, Inc.’s (ICTSI) Mexican business unit operating the Specialized Container Terminal 2 at the Port of Manzanillo, recorded another milestone with its recent handling of the first carbon-neutral container in North America, and the CMA CGM Liberty – the first liquified natural gas (LNG)-powered container vessel to arrive in Mexico. The milestone was …

SM Foundation continues to expand the reach of the Kabalikat sa Kabuhayan on Sustainable Agriculture Program (KSK-SAP) to help build empowered farming communities across the Philippines.  Joined by its partners, Moca Family Farm, TESDA, DSWD, DA, DOST, DTI, DOT, SM City Masinag and continuing the recent launches in multiple locations across Calabarzon and other regions in the country, the recently …

Leading fiber broadband provider Converge ICT Solutions Inc. scored higher on Environment, Social, and Governance (ESG) metrics being tracked by global investment research firm MSCI in its latest review, reflecting its resilience to ESG risks and cementing its reputation as a highly investable and financially viable company.  Converge received a rating of ‘A’ (on a scale of AAA – CCC) …

Team Philippines bagged three more gold medals, including two in swimming, at the 12th ASEAN Para Games here on Monday. Gary Bejino came up with another record-breaking performance, this time in the  men’s 200-meter freestyle S6 event at the Morodok Techo National Stadium’s Aquatics Center. He clocked 2:38.55 to erase the old mark of 2:45.99 set by Myanmar’s Aung Myint …

SM celebrated World Environment Day together with the Department of Environment and Natural Resources (DENR) with a pledge of support and a meeting on ‘Blazing New Trails and Building a Shared Future with DENR’s Strategic Partners’. Led by DENR Secretary Maria Antonia Loyzaga, the private sector underscored the importance of working together towards a sustainable future, and highlighted their initiatives …

SM Cyberzone’s annual campaign, Mobile Mania, is back this 2023 to celebrate the mobile phone industry in the Philippines. Thanks to the mobile phone industry, we have had an easier time communicating, connecting, and doing a slew of other things in just a few clicks.  Cyberzone Mobile Mania 2023 is not just a gathering of the latest gadgets, but a …

SM City Bataan reflects the values of the local community with over 96% of the mall’s administration staff being Bataeños, including two in leadership roles. With a workforce of over a thousand across mall tenants—and still increasing, the mall proudly showcases the skills and expertise of the community. Congressman Albert S. Garcia, Bataan’s 2nd District Representative, joined thousands of Bataeños …

Victoria International Container Terminal (VICT), International Container Terminal Services, Inc.’s Australian operation and the first fully automated container terminal in Australia, received the inaugural call of COSCO Shipping Lines’ recently launched ANE service. The ANE service offers a direct connection between Australia’s southeastern coast and New Zealand, providing coverage up to Bell Bay in Tasmania. Catering to the speed-to-market requirement between …

Officers of  TeaM (Philippines) Energy Corporation (TPEC), a subsidiary of TeaM Energy Corporation, and Kratos RES, Inc. (KRI) shown after both firms signed a two-year energy supply deal at the TeaM Energy corporate office in Bonifacio Global City, Taguig. Under the agreement, TPEC will provide the power requirements of several establishments under the  Villar group of companies including ALLHome, VistaMall, …

Periods of high inflation challenge the financial security of people and businesses. Regionally, inflation in Southeast Asia has seen a small increase from December 2022 to January 2023. Meanwhile, the Philippines’ 8.6% inflation rate currently stands as the highest in Southeast Asia for February 2023. From a macro perspective, this weakens the growth of the nation’s economy. From a micro …