In a bid to improve coin circulation in the Philippines, the Bangko Sentral ng Pilipinas (BSP) and SM Store deployed the first of coin deposit machines at the SM Store in SM Mall of Asia, today, June 20, 2023. This is the first of 18-coin machines that will be available at the SM Stores and SM Supermarkets. The BSP-initiated project …
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Nestled amid the lush greenery of a tranquil rural landscape is a 670-hectare mixed-used township development of the Pueblo De Panay, Inc. (PDPI) that has been a contributing pillar to Roxas City’s bid for inclusive development. Home to various commercial establishments, agro-industrial zones, and endearing tourist attractions—with a residential component that integrates Capiznons’ traditional lifestyle with contemporary living—the PDPI mega …
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On the occasion of the global celebration of World Environment Day, the Department of Environment and Natural Resources (DENR) held an Environment for Life media event that highlighted the DENR’s two-pronged blueprint for strategic and effective sustainable development and environmental action in the country. Led by DENR Secretary Toni Yulo-Loyzaga, the presentation was an eye-opener to the promise and possibilities …
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Port terminals and operators in Manzanillo have united to create the Association of Terminals and Operators of Manzanillo (ASTOM), a pioneer organization that aims to promote and further strengthen the Port of Manzanillo. ASTOM will enhance the competitiveness and efficiency of Mexico’s most important port through improved connectivity, process optimization and innovation, all guided by the principles of social and …
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The Department of Trade and Industry (DTI) continues to implement the strategic priorities identified in the recently launched Philippine Export Development Plan (PEDP) pursuant to the economic agenda of the President, through the Philippine participation at the 33rd Taipei International Food Show. Held from 14-17 June 2023 at the 4th floor, Hall 2 of the Taipei Nangang Exhibition Center in …
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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 …
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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 …
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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 …
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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 …
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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 …
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