Business

Throughput grew 7% to 8.9 million TEUs Revenues increased 20% to US$1.6 billionEBITDA 25% higher to US$1.0 billionDiluted EPS surged 63% to US$0.215 Enrique K. Razon, Jr., ICTSI Chairman and President said:  “I am pleased to announce further significant progress across the Group delivering strong growth in revenues of 20 percent to US$1.64 billion and EBITDA of US$1.04 billion, 25 percent higher than …

Manila Water piloted the first microtunneling technology in Mandaluyong City for the construction of the Mandaluyong West Sewer Network Package 1. The project is part of the Php785M Mandaluyong West, San Juan South and Quezon City South Sewerage System that includes the Aglipay Sewage Treatment Plant (STP) complemented by a combined sewer network, which will cater to households in Mandaluyong, …

The Philippines has become one of the fastest-growing eCommerce markets globally, with 73 million active eCommerce users and online sales reaching $17 billion in 2021. To capitalize on this opportunity and secure a strong foothold in the digital shopping space, Filipino brands need two critical keys to succeed in the eCommerce space:  an accurate, growing understanding of the changing digital …

Micro, Small, and Medium Enterprises (MSMEs) striving to achieve  performance excellence are granted capability-training and consultancy services through  the Philippine Quality Award (PQA) Program’s Toolkit for Organizational Resilience and  Excellence (TORE), helping them to be at par with world-class standard.  Speaking to the fifty (50) participants of Department of Justice – Office for Alternative  Dispute Resolution (OADR)’s Mediation Training for …

The Philippine Postal Corporation (Post Office) and SM Mart Inc. will bring the post office closer to shoppers when SM Makati’s newly renovated Servicio opens this November. With this, shoppers will be able to conveniently and quickly mail letters and express packages, buy stamps and other philatelic products, apply for Postal ID, send electronic Postal Money Orders, postal cards and …

The long wait is over.  Globe, the country’s most reliable mobile network, is the first telecommunications operator to distribute the highly anticipated streaming service, Disney+, in the Philippines from November 17. With Globe’s reliable high-speed network and extensive coverage, subscribers of Disney+ will be able to access a vast library of content from Disney, Pixar, Marvel, Star Wars, National Geographic, …

With more Filipinos pushing through with their overseas and inbound travel plans, there has been a significant need for travel insurance policies that cover both trip cancellations and medical requirements. This demand has prompted Malayan Insurance Co. Inc. to partner with GCash in offering their Travel Master insurance policy through the GInsure platform. Through the partnership, would-be travelers can easily …

Social pensioners can now conveniently receive their cash grants and perform other banking transactions, as the Land Bank of the Philippines (LANDBANK) continues to ramp up the distribution of Prepaid Cards to vulnerable sectors. Lucy Cabalan can now conveniently receive cash grants and perform other banking transactions, such as cashless purchases and online fund transfers, by using the LANDBANK Prepaid …

Hans T. Sy, Chairman of the Executive Committee of SM Prime Holdings Inc. (SM Prime), recently showcased the company’s sustainability drive at the 2022 General Membership Meeting of the Private Sector Alliance for Disaster Resilient Societies (ARISE) of the United Nations Office for Disaster Risk Reduction (UNDRR) in Geneva, Switzerland. “Resilience, being a priority in SM developments, is factored into …

To maintain the integrity of Philippine currency, the Bangko Sentral ng Pilipinas (BSP) retired 519.93 metric tons of unfit, demonetized, mutilated, and counterfeit (UDMC) coins through defacement. The defacement process was undertaken beginning October 2021 until September 2022. Coin defacement, done via machine, involves a process that alters the surfaces of coins to prevent them from being recirculated. The defaced coins may then be recycled into …