Business

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 …

Increases regular dividends and issues special dividends on strong capital position Metrobank’s net income rose by 60% to P22.2 billion in 2021. Earnings more than doubled to P6.0 billion in the fourth quarter of 2021, boosted by the decline in provisions as the loan portfolio stayed healthy. Robust fees and other income as well as lower operating expenses further drove …

P3 Billion Proceeds to Boost Affordable Housing Business Century Properties Group, Inc. (CPG:PM) lists its 5-year P3 billion bond at the Philippine Dealing & Exchange Corp. (PDEx) after a successful market take up of the P2 billion base offer size and P1 billion oversubscription option. “This recently concluded capital markets deal has been encouraging as it reflects a more upbeat …

As the country faces the dire effects of the pandemic, the importance of access to quality healthcare become more apparent. Community based health care facilities became an important resource in managing not only the pandemic, but also provide primary care to illnesses. However, in countries with decentralized health systems like the Philippines, the quality and effectiveness of Barangay Health Facilities …

E-commerce brands in the Philippines and Southeast Asia are reportedly increasing their Direct-to-Consumer (D2C) presence by opening their own web stores, building on their existing marketplace to take control of customer journeys. The number of web stores in the country is expected to increase by 56% this year, according to LOCAD, the leading Asian logistics platform that enables businesses to …

Members of the Erehwon Arts Council led by Professor Anton Juan and Bonifacio Ilagan have committed to a set of fundamental principles, a commitment which has been permanently inscribed in a steel plate installed at the roofdeck of the Erehwon Center for the Arts. Erehwon Center for the Arts is managed by Erehwon Artworld Corporation with Rafael Rivera Benitez as …

Manila Water posted consolidated earnings of ₱3.7 billion for 2021, 18% lower than the previous year as the full-year effect of the COVID-19 pandemic impacted customer demand and business operations, even as domestic and international operations outside the East Zone Concession showed improved performance. Despite the challenges, including an ongoing tariff freeze, the Company pushed through with its projects to …

The Land Bank of the Philippines (LANDBANK) and the Technical Education and Skills Development Authority (TESDA) renewed their partnership program to finance the livelihood needs of Technical Vocational Education and Training (TVET) graduates. Initiated in 2019, the LANDBANK-TESDA partnership program was extended through a virtual signing of a Memorandum of Agreement (MOA) led by TESDA Director-General Secretary Isidro S. Lapeña …