Business

The journey to success always starts with a single step. This rings true for SM Scholar Roderick Cajefe. For only elementary school was open in his hometown, he would walk one-and-a-half hours to go to his high school and another hour and a half to reach home. Moving an inch closer to his dreams, his hard work paid off as …

Furthering financial inclusion in the country, RCBC trailblazes the digital transformation journey of tricycle drivers and market vendors during the Digital Financial Literacy Briefing led by the Bangko Sentral ng Pilipinas (BSP) held at Pepe Subdivision, Cabanatuan City. The financial literacy briefing showcases the features and benefits of using digital finance in their enterprises. Both drivers and vendors were immersed …

Preliminary data show that outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the BSP, grew by 13.7 percent year-on-year in November from 13.9 percent in October. On a month-on-month seasonally-adjusted basis, outstanding universal and commercial bank loans, net of RRPs, rose by  0.3 percent. Outstanding loans to residents, net of RRPs, went up …

Leading Philippine fiber internet provider Converge Information and Communications Technology Solutions, Inc. (PSE: CNVRG) has received the greenlight to provide international connectivity services in Singapore through its wholly-owned subsidiary, Converge ICT Singapore Pte. Ltd. (Converge SG), to further strengthen its fast-growing international wholesale business. In its grant letter, the Infocomm Media Development Authority (IMDA), a statutory board under the Singapore …

The BSP is closely coordinating with BPI in relation to the double debit transaction incident affecting BPI accountholders. The Bank already identified the root cause of the operational error and committed to reverse the erroneous transactions and restore mobile and internet banking services the soonest possible. The BSP has instructed BPI to submit a timeline and updates on the reversal …

As part of its continuing assistance to 45 families in Sitio Polton, Insular Life (InLife) Cebu Office has conducted outreach activities in partnership with the Insular Foundation and the Missionaries of Africa. InLife employees conducted a values formation session for children, and turned over school supplies to 43 student-beneficiaries from the Foundation’s adopted families. Further, InLife financial advisor Vanessa Abelgas …

Pilipinas Shell Corporation President and CEO Lorelie Quiambao-Osial at the recent Philippine Digicon 2022, where she was recognized as one of the country’s top women leaders who have made impactful contributions within their industries through their daring leadership. Pilipinas Shell Corporation President and CEO Lorelie Quiambao-Osial shared the key strategies that helped the company navigate the pandemic at the recent …

Contecon Manzanillo (CMSA), International Container Terminal Services, Inc.’s (ICTSI) subsidiary in Mexico, recently commenced its third phase expansion project, which will increase its capacity from 1.4 million to more than two million TEUs within the next five years. CMSA Chief Executive Officer José Antonio Contreras led the project inauguration together with Colima Governor Indira Vizcaíno Silva, Commander Rubén Alfonso Suárez of the 10th Naval Region, Admiral José Rafael …

To help uplift the health and wellness of communities before the year ends, Watsons and SM Foundation recently collaborated on a medical mission in Calamba, Laguna. Partnering for the Alagang Pangkalusugan medical mission, Watsons and SM Foundation assisted over 400 patients. Beneficiaries received free doctors’ consultations, medicines, blood pressure monitoring, ECG, blood glucose monitoring, uric, hemoglobin, and cholesterol tests, skin …

Air Intellipure, Inc is donating over 100 units of Intellipure air purifiers to the University of the Philippines (UP) under its Healthy Places and Workspaces initiative.  UP President Danilo L Concepcion (second, right) and Air Intellipure Chairman, Nick Gitsis (second from left), recently signed the Memorandum of Agreement  together with UP Vice President Elena E Pernia (far right) and Air …