Business

San Miguel Corporation’s spirits business, Ginebra San Miguel Inc. (GSMI), started the year strong with a first-quarter net income of P2.1 billion, 11 percent higher than the prior year, despite more challenging market conditions. Consolidated revenues reached P16.3 billion, 8 percent higher than in the same period last year, while operating income also improved 8 percent to P2.5 billion. Year-to-date …

BAN Toxics warns parents to take extra caution when buying school supplies, as some products may contain toxic substances that put children’s health at risk. The group found that various school supplies are already being sold by ambulant vendors and retail stores, including bags, water containers, lunch boxes, notebooks, pens and pencils, plastic covers, crayons, erasers, watercolors, and rain gear …

In line with its commitment to environmental protection and public health, Manila Water encourages customers to take advantage of its scheduled septic tank desludging service this month of June. Regular desludging, ideally every five years, helps prevent untreated wastewater from contaminating our waterways, and supports a cleaner, more sustainable future for all. For this month of June, Manila Water desludging …

Driven by its robust financial performance in 2024 and sustained momentum into 2025, the Land Bank of the Philippines (LANDBANK) has declared ₱33.53 billion in cash dividends to the National Government — the highest in the Bank’s history.  This record-setting cash dividend is expected to fund priority infrastructure and socio-economic programs, reaffirming LANDBANK’s critical role in advancing national development.  “LANDBANK’s …

Metro Retail Stores Group, Inc. (MRSGI) announced a net sales figure of P8.90 billion for the first quarter of 2025, marking a 2% increase compared to P8.73 billion in the same period last year. This growth was driven by steady advances in both food retail (+1.8%) and general merchandise (+2.5%), along with contributions from the company’s expanding store network. Blended …

Bureau of Internal Revenue (BIR) Commissioner Romeo Lumagui Jr. announced on Friday that he has tendered his courtesy resignation to give President Ferdinand R. Marcos Jr. the opportunity to assess his performance. In a statement shared on social media, Lumagui expressed his full support for the President’s emphasis on accountability in public service. “This call for accountability shows the commitment …

Ride-hailing platform inDrive has joined forces with SEAOIL Philippines, Inc. to introduce a driver loyalty program aimed at offering rewards and incentives to its driver network. At the ceremonial signing in Quezon City last week, Vanessa Taqueban, inDrive’s driver operations lead in the Philippines, explained that the partnership seeks to foster a sustainable and empowering environment for their drivers. “Together, …

Department of Trade and Industry (DTI) Secretary Cristina Roque recently met with top executives of Taiheiyo Cement Corporation in Tokyo to reaffirm the Philippine government’s commitment to supporting the cement industry’s growth and sustainability. According to a statement from the DTI on Thursday, the meeting, held on May 19, highlighted Taiheiyo’s PHP3.72 billion investment in a new Luzon Distribution Terminal …

The Contact Center Association of the Philippines (CCAP) has thrown its full support behind the recently enacted Enterprise-Based Education and Training (EBET) law, citing its potential to close the skills gap in the labor market. During a recent press conference in Makati City, CCAP president Haidee Enriquez commended the government for formally recognizing the essential role of enterprises in shaping …

SM Prime Holdings, Inc. is set to invest PHP1.7 billion in the construction of the SMX Center for International Trade and Exhibitions (SMXCITE), a new 18,000-square-meter facility that aims to elevate Metro Manila’s status as a premier destination for global trade expositions. According to a statement released last week, SMXCITE will be located within the bustling SM Mall of Asia …