Business

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 …

Nullspace Robotics PH, the country’s first learning center solely dedicated to teaching coding and robotics, formally opened its inaugural branch at the 3rd Level Uptown Place Mall, Bonifacio Global City, Taguig City. It is the local franchise of Nullspace Robotics, the leading provider of robotics and coding education in Singapore.  Nullspace Robotics PH offers a variety of enrichment programs aimed …

Philippine broadband and technology solutions provider Converge ICT Solutions Inc. (PSE:CNVRG) has appointed former Senior Associate Justice Estela M. Perlas-Bernabe as an independent non-executive director to its Board of Directors, following the elections held during its Annual Stockholders’ Meeting on May 26, 2023.  A respected member of the Supreme Court (SC) from 2011 until her retirement in 2022, the highest …

For some, dreaming is a mere act of visualizing one’s hopes in life. But for many young Filipinos who have lived in poverty, it’s more than a just vision.  For aspiring youth, daring to dream is a leap of faith. When they see a flicker of hope and open doors, they take action and courageously pursue opportunities that will allow …

International Container Terminal Services, Inc.’s (ICTSI) flagship Manila International Container Terminal (MICT) is partnering with Intelligent E-Processes Technologies Corp. (IETC), the subsidiary of San Miguel Corporation that manages Autosweep RFID, to enable a faster, more seamless gate process for trucks at the Port of Manila. The partnership will enable RFID scanners at the terminal gates to read Autosweep tags and …

Seasoned banker Lynette V. Ortiz was sworn in today as the new President and Chief Executive Officer of the Land Bank of the Philippines (LANDBANK) following her recent appointment by President Ferdinand R. Marcos, Jr. She brings with her over 30 years of extensive experience in local and international banking.  Ortiz formally took her oath as the 11th President and …

On Friday, 19 May 2023, the Philippines and the UK held their 4th round of bilateral Economic Dialogue chaired by Philippine Department of Trade and Industry Undersecretary Ceferino Rodolfo and His Majesty’s Ambassador to the Philippines Laure Beaufils.  The Philippines and the UK signed a Partnership Statement on Trade, Investment and Economic Cooperation, which include the following commitments:   Grow bilateral trade, including …

Basra Gateway Terminal (BGT), International Container Terminal Services, Inc.’s (ICTSI) operation at the Port of Umm Qasr in Iraq, has handled four million TEUs after nine years of operation in the country’s busiest port. The record volume was achieved during the recent unloading operation on the Yang Ming vessel YM Mutuality. BGT is the only terminal in Iraq to have handled four million TEUs. …

Rizal Commercial Banking Corp. (RCBC), through its credit card arm, RCBC Bankard Services Corporation turned over close to P3 million in donation to Gawad Kalinga (GK), a Philippine-based poverty alleviation and nation-building movement.  The donation was raised based on the full-year card usage of RCBC Diamond Platinum Mastercard cardholders. Through the Card’s built-in Diamond Cares Program, for every P100 spent using …