Business

Manila Water Philippine Ventures, a wholly owned subsidiary of Manila Water Company, Inc. takes 100 percent ownership of Davao Del Norte Water Infrastructure Company, Inc.  (Davao Water) after the acquisition of all shares of iWater Inc. Prior to the purchase, the Manila Water firm held 51% while iWater held 49 percent equity interest in Davao Water. The acquisition is in …

International Container Terminal Services, Inc. (ICTSI) continues to expand capacity of its flagship Manila International Container Terminal (MICT) with the ongoing development of another berth — Berth 8. The construction of the new berth, which will be done in two phases, will allow MICT to handle increasing volume demand and serve new-generation container ships that can carry up to 18,000 …

The Land Bank of the Philippines (LANDBANK) has recorded a total of 2.12 million accounts opened online through its award-winning Digital Onboarding System (DOBS) as of end-December 2021, driven by the continued rise in demand for safer digital banking services. “This new DOBS milestone underscores LANDBANK’s steadfast commitment to deliver accessible and innovative digital solutions as we respond to the …

The Department of Trade and Industry reminds establishments to still follow the Minimum Public Health Standards (MPHS) set by the government even after the National Capital Region (NCR) shifted to Alert Level 1 beginning 01 March 2022.  On 04 March 2022, DTI-Consumer Protection Group (DTI-CPG) Undersecretary Atty. Ruth B. Castelo and DTI Fair Trade Enforcement Bureau (FTEB) Assistant Director Marimel …

The Department of Trade and Industry (DTI) assures the public that the price and supply of Basic Necessities and Prime Commodities (BNPCs) in the country are stable amid the circulating price hike rumors when DTI-Consumer Protection Group (DTI-CPG) Undersecretary Atty. Ruth B. Castelo and DTI Fair Trade Enforcement Bureau (FTEB) Assistant Director Marimel Dancel Porciuncula inspected one (1) supermarket in …

Boracay Water, a public-private partnership between the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) and Manila Water’s fully owned subsidiary, Manila Water Philippine Ventures, recently marked twelve years of providing reliable water supply and wastewater services to the country’s top tourist destination after investing more than PhP 4.32 billion in various infrastructure facilities.  Immediately after Boracay Water began its operations …

Today, living an eco-friendlier life has become much more manageable. With many simple yet effective ways to make our everyday lives more sustainable, and with many groups ready to help us take that first step toward a greener future, there is every reason to start today. Living a personal sustainable lifestyle can be impactful only if we do it together …

Almost five years after its destruction during the Marawi Siege, the LANDBANK Marawi Branch reopened on 18 January 2022 in its new location at National Highway Amai Pakpak, National Road, Barangay Biaba Damag. The LANDBANK Marawi Branch will serve the banking needs of the city’s public and private customers, as well as the 37 neighboring municipalities in the area. “LANDBANK …

Recurring Net Income 57% Higher at US$442.83M Throughput increased 10% to 11.16 million TEUsRevenues grew 24% to US$1.87 billionEBITDA 30% higher at US$1.14 billion Enrique K. Razon, Jr., ICTSI Chairman and President said: “I’m pleased to report a strong set of results for 2021. Higher volume growth and improvement in trade activities as economies have started to recover have enabled throughput to increase by …

Invites shoppers, PH hairdressers, and makeup artists to join the beauty and wellness event Fun and beautiful days ahead await mallgoers as beauty and wellness take over in 18 SM malls! Starting February 28, shoppers and beauty and wellness enthusiasts are in for a treat as SM Supermalls and the Philippine Hairdressers Association launch the National Beauty Caravan which will …