Business

The six major digital banking channels of the Land Bank of the Philippines (LANDBANK) posted an unprecedented P5.6 trillion in terms of value in 2022—equivalent to a 126% growth year-on-year—as the Bank continues to ramp-up efforts toward digital and inclusive banking. The state-owned Bank facilitated a total of 155.8 million digital transactions for a 14% increase over the previous year, …

The February 2023 inflation outturn of 8.6 percent is within the BSP’s forecast range of 8.5 to 9.3 percent. Inflation is projected to remain above the target until early Q4 2023 before decelerating close to the low end of the target range by January 2024 due mainly to negative base effects and the likely decline in global oil and non-oil …

International Container Terminal Services, Inc. (ICTSI) continues to go above and beyond its concession obligations with the Philippine Ports Authority, adding another berth at the Manila International Container Terminal (MICT) – the Philippines’ premiere gateway for international trade.  Currently under phase two development, MICT’s berth 8 has a design depth of 15 meters that will enable the terminal to handle …

Enrique K. Razon, Jr., ICTSI Chairman and President said: “ICTSI delivered a strong performance in 2022 with revenues up 20 percent to US$2.24 billion and EBITDA of US$1.41 billion, an increase of 24 percent against the previous year driven by tight operational controls and volume growth of nine percent to 12,216,190 twenty-foot equivalent units (TEU).   “In a year marked by …

As part of the company’s steadfast commitment to protecting enterprises against constantly evolving security threats, Globe Business and its managed ICT services partner, Yondu, have officially launched a dedicated state-of-the-art Security Operations Center (SOC) last February 23 at Taguig City. The advanced technology and secure operations of this local SOC provides fortified cyber intelligence, enhancing the management and maintenance of …

Bloomberry Resorts Corporation, whose subsidiaries own and operate Solaire Resort and Casino (Solaire) and Jeju Sun Hotel and Casino (Jeju Sun), reported audited consolidated financial results for the year ended December 31, 2022. Enrique K. Razon Jr., Bloomberry Chairman and CEO, said, “2022 was a positive year of recovery for Bloomberry as Solaire benefited from a strong rebound in local …

Digital kidnappers are after enterprises in Southeast Asia (SEA). Global cybersecurity company Kaspersky predicts the trend will continue this year and beyond, albeit in more sophisticated and targeted ways. Ransomware is a type of malware that locks one’s computer and mobile devices or encrypts one’s electronic files. To get the “decryption” key or to get your data back, a ransom …

UNIQLO Philippines and SM Foundation recently collaborated to send additional aid to communities hit by Severe Tropical Storm Paeng. About 43 high-risk barangays in Zamboanga Del Sur, Rizal, Laguna, Cavite, Batangas, Pampanga, Bulacan, Isabela, and Cagayan received Emergency GoKit+, with the distribution led by SM employee-volunteers. An SM employee-volunteer from SM City Marilao prepares the Emergency GoKit+ for distribution. The …

Cebu Pacific passengers are in for a special treat as the Philippines’ leading airline launches its “March Pinabongga” month-long seat sale in celebration of its 27th anniversary. From 10 a.m. on March 1 until March 31, CEB travelers can book their flights and fly right away across the airline’s widest domestic network for as low as P199 one-way base fare, …

The Bangko Sentral ng Pilipinas (BSP) forecasts February 2023 inflation rate at range of 8.5 to 9.3 percent, citing the upside risks from higher prices of cooking gas. In a statement on Tuesday, the central bank said elevated prices of key food items, such as pork, fish, egg and sugar, are also expected the additional drivers of the rate of …