Business

Supporting the Oplan Kalusugan (OK) sa DepEd and WASH in Schools (WinS) programs of the Department of Education, P&G Safeguard Philippines and Manila Water Foundation inaugurated 19 WASH facilities representing the first batch of 285 hygiene facilities to be constructed in schools across the National Capital Region (NCR) and Rizal Province on March 22. As face-to-face classes resume, the need to ensure the health …

In a bid to ease the impact of the COVID-19 virus, East Zone concessionaire Manila Water constructed a molecular laboratory for SARS-CoV-2 wastewater surveillance.  Manila Water Laboratory Services Head Joy De Vera said the facility, built in coordination with government partners and local government units, will be completed before the end of March and will be ready to operate by …

The Metro Pacific Tollways Corporation (MPTC) recently signed several agreements to purchase significant minority stake in Byahe – registered as On-Us Solutions Inc) – through MPT Mobility Corp., MPTC’s unit for mobility services. MPTC’s investment in Byahe form part of the push to increase investments in sustainable transportation and mobility solutions. The investment in Byahe came immediately after the launch …

A new Korean-American restaurant – WEST 32 – has opened along Kalayaan Avene, Makati’s central food and bar district. WEST 32, the latest project of Notorious Concepts, aims to bring the well-loved Korean taste to the Philippines. Its name was inspired by New York City’s Korea-Town street, WEST 32. The concept of the restaurant came from Brooklyn Industries Group’s CEO …

As the annual Asia-Pacific Forum on Sustainable Development or APFSD of the United Nations Economic and Social Commission of Asia and the Pacific (UNESCAP) kicked off in Bangkok, Thailand, advocacy groups Reality of Aid-Asia Pacific (RoA-AP), Council for People’s Development and Governance (CPDG), and CSO Partnership for Development Effectiveness-Asia (CPDE Asia) held a side event via Zoom and Facebook Live. …

In the country’s participation in Maison & Objet and More (MOM), the online sourcing platform of long-running Parisian trade fair Maison & Objet, three featured products caught the eye of international tastemakers and will be showcased at the Parc des Expositions of Paris-Nord Villepinte. Part of the Design Philippines delegation organized by the Center for International Trade Expositions and Missions …

Lazada’s Epic 10th Birthday Sale is just around the corner–this means exciting deals and incredible treats await OPPO shoppers in this once-in-a-year event. And yes, this time, you will get first dibs on the best deals as OPPO offers up to 57% off on selected OPPO gadgets, such as Reno7 5G, A16 (3GB), and A94. Starting this March 27, you …

President Rodrigo Duterte signed into law amendments to the 85-year-old Public Service Act that would allow foreigners full ownership of local airlines, telecommunications, mass media, railways and logistical or shipping operators. Republic Act 11659 removed the 40% equity cap on foreigners in public utility companies, while aiming to generate jobs and spur activity in the aftermath of the pandemic’s grave …

Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno reported that the Philippines’ outstanding external debt (EDT) remains at a prudent level as its ratio to Gross Domestic Product (GDP) recorded at 27.0% at end-December 2021. The ratio remains one of the lowest as compared to other ASEAN member countries. The country’s EDT expressed as a percentage of GDP is a …

All local government units now maintain their deposit accounts with the Land Bank of the Philippines (LANDBANK). This enables LANDBANK to further expand its role as the biggest development partner of the LGU sector towards inclusive local development. LANDBANK President and CEO Cecilia C. Borromeo said, “LGUs are LANDBANK’s primary partners on the ground in promoting inclusive and sustainable growth. …