Business

Insular Life (InLife) trustees and top executives recently made a courtesy call to the newly-appointed Insurance Commissioner, Atty. Reynaldo A. Regalado (center). The InLife delegation was led by Executive Chairperson Nina D. Aguas (2nd from left). With her were (from left) InLife Trustee Luis Y. Benitez, InLife Trustee and Insular Health Care President and CEO Maria Noemi G. Azura, and …

Enrique K. Razon, Jr., ICTSI Chairman and President said:  “I am pleased to report on a strong first quarter of the year which saw ICTSI delivering an increase in throughput of nine percent to 3.10 million TEUs, revenue of US$572.25 million up eight percent and EBITDA of US$354.20 million up five percent against the previous year.  Pleasingly our net income …

The Rizal Commercial Banking Corp. (RCBC) was named the Best Trade Finance Bank for the third consecutive year, and the Best Cash Management Bank for the second straight year. The recognition was declared at the Global Banking and Finance (GBAF) awards, organized by the United Kingdom-based Global Banking & Finance Review. The GBAF awards recognize the global financial community’s innovation, …

Eurotel, a popular hotel chain in the Philippines, organized an Easter egg hunt event for kids and families The event was held simultaneously at four different Eurotel branches in Las Piñas, Makati, and North Edsa and Vivaldi-Cubao, with a total of 500 participants. Eurotel is known for its convenient locations, modern amenities, and reasonable rates. The Easter egg hunt event …

Fruitas Holdings Inc., leading food and beverage store operator traded on the Philippine Stock Exchange under symbol FRUIT, registered Php1,799 million in revenue, a 63% increase from Php1,102 million in 2021.  The revenue increase was driven by strong same-store sales growth.  Despite having just over 770 stores as of end-2022, compared to more than 1,000 stores as of end-2019, FRUIT …

The 1000-Piso polymer banknote of the Bangko Sentral ng Pilipinas (BSP) won the International Banknote Society’s (IBNS) “Banknote of the Year Award” for 2022. The 1000-Piso polymer is the first Philippine banknote to win the award. It won over banknote finalists from Algeria, Barbados, Egypt, Northern Ireland, and Scotland. In announcing the award, the IBNS said: “The Philippines’ successful design …

After a year-long leadership transition period, Lucio Tan III has officially taken over as president of the Lucio Tan Group (LTG). During the transition, he shared decision making responsibilities for business and operational matters with his uncle, Michael Tan, who had been president of LTG since 2010. The group ended 2022 with a PhP25.1 billion attributable net income, which is …

Contecon Guayaquil (CGSA), International Container Terminal Services, Inc.’s (ICTSI) Ecuadorian business unit operating at the Port of Guayaquil, achieved a milestone in April by handling the largest vessel to call the terminal. On 4 April, CGSA received the maiden call of the Maersk Camden – a Liberian-flagged vessel with a capacity of 15,413 TEUs. The 365.9-meter-long ship operates Maersk’s AC2 …

I am deeply honored to accept the appointment as President and Chief Operating Officer. I thank the board of directors for entrusting me with this responsibility, and I am grateful to all of you for your support. In exercising the functions of my new role, rest assured that I will be guided by the values of integrity, diligence, excellence, and …

Leading insurtech advocate Etiqa Philippines has recently launched an always-on virtual assistant for its new and existing customers.  Etiqa’s latest venture into insurtech is named Eriqa, a chatbot which acts as a virtual assistant to help respond to questions and a multitude of requests including processing a Letter of Guarantee (LOG) for outpatient availments.     “The success of an insurance company …