Business

UnionDigital Bank, the digital bank subsidiary of Union Bank of the Philippines, is one of the fastest digital banks in the world to achieve profitability. It attained a triple-digit percentage growth in its net income during the first half of 2023 compared to the second half of 2022. The Aboitiz Group-led digital bank, which recently marked its first-year milestone in …

The Department of Budget and Management (DBM) and the Land Bank of the Philippines (LANDBANK) have collaborated anew for the use of the LANDBANK Government Purchase Card (GPC) for the faster and more efficient means to pay for goods and services. The LANDBANK GPC is a credit card that allows authorized DBM personnel to expedite payments for official expenses, by …

Leading fiber broadband provider Converge ICT Solutions Inc. in partnership with the city government of San Fernando, Pampanga, provided free internet connectivity to three classroom buildings of the Pampanga High School (PHS). PHS, the largest secondary educational institution in San Fernando City, is the first beneficiary of the Kayabe Ka Free Public Wi-Fi program jointly implemented by Converge and the …

Two batches of SM Foundation’s KSK-SAP farmers graduate in Bataan The farmer-beneficiaries of SM Foundation have recently completed their training with the Kabalikat sa Kabuhayan on Sustainable Agriculture Program (KSK-SAP), pursuing the SM group’s commitment to nurturing successful agripreneurs. The recent KSK-SAP graduates hail from Batch 243 of Brgy. Pagalanggang and Batch 244 of Brgy. Sapang Balas, in Dinalupihan, Bataan.  …

The Land Bank of the Philippines (LANDBANK) will be working with the Philippine Space Agency (PhilSA) and the Department of Science and Technology-Advanced Science and Technology Institute (DOST-ASTI) for the integration of space data and analytics to its financing strategies for the agriculture sector. PhilSA Director General Dr. Joel Joseph S. Marciano, Jr., LANDBANK Senior Vice President Elcid C. Pangilinan, …

The MHT service resumed calls to MCT on 3 August, marked by the arrival of the vessel Wan Hai 231. Wan Hai’s weekly service will call MCT every Saturday, connecting Subic, Cebu and Mindanao to the bustling trade hubs of Hong Kong and Taiwan. “The return of the MHT service is a significant development in our efforts to strengthen regional trade connectivity …

The price of premiums for non-life insurance products have been inching upwards fueled by the hardening reinsurance rate and the country’s poor risk rating. In a press briefing last August 9, at the Hexagon Lounge of the RCBC Plaza in Makati, Malayan Insurance Co. Inc. weighed in on the impact of reinsurance and other key factors on the non-life insurance …

SM Supermalls and the Department of the Interior and Local Government (DILG), led by SM Supermalls’ Senior Vice President for Operations Engr. Bien Mateo and DILG Secretary Benjamin “Benhur” Abalos, Jr. launched the screening of DILG’s ‘Buhay Ingatan, Droga’y Ayawan’ (BIDA) anti-drug advertisements in SM Cinema. The event was held last August 12, 2023, at the SM Megamall Director’s Club. SM Supermalls’ Senior Vice …

On Sunday, 13 August 2023, Department of Trade and Industry (DTI) Secretary Fred Pascual led the launching of the One Ilocos Sur One Town-One Product (OTOP) Hub at the sidelines of his trip in Ilocos to attend the Post-SONA Philippine Economic Briefing (PEB). In his speech, Secretary Pascual emphasized, “As the backbone of our economy, micro, small, and medium enterprises …

Enrique K. Razon, ICTSI Chairman and President said: “ICTSI’s diversified portfolio, operational discipline and the determined focus from our fantastic team around the world has enabled us to deliver another strong financial performance.” “We have a robust balance sheet and a highly cash generative business which looking ahead, will enable us to continue our strong track record of investing in …