Business

Visayas Container Terminal (VCT), operated by International Container Terminal Services, Inc. (ICTSI), welcomed SITC Container Lines’ restructured China-Philippines Express 7 (CPX7) service, which introduces regular weekly calls to Iloilo starting March, 2025. The revamped service enhances Iloilo’s trade connectivity with key Asian markets, offering improved reliability, service frequency and cargo handling efficiency.  The CPX7 service was deployed with the SITC …

Featuring advanced cooling technology and the innovative Auto Ice Maker with the Spaceplus™ Ice System, keeping ice readily available while optimizing freezer space for enhanced convenience and refreshingly cool drinks anytime. LG took over the Bonifacio High Street Amphitheater in Taguig for a day of exciting activities, cool innovations, and, of course, plenty of ice! The main attraction? LG’s latest refrigerator …

International Container Terminal Services, Inc. (ICTSI) is warning the public about online scams using manipulated videos and audio recordings to impersonate Chairman Enrique K. Razon Jr. and other senior executives. In a statement, ICTSI said he fraudulent materials, which have appeared on social media, falsely portray Mr. Razon promoting investment opportunities. Mr. Razon nor ICTSI has endorsed any such investments. …

The Securities and Exchange Commission (SEC) has approved the documents governing the merger between LandBank subsidiaries– LandBank Leasing and Finance Corporation (LLFC) and UCPB Leasing and Finance Corporation (ULFC)  last February 27. The operational turnover and transition activities immediately followed the SEC approval. The integration is in accordance with Executive Order (EO) 65 signed by President Ferdinand R. Marcos Jr. …

Business sentiment in the Philippines was less optimistic in Q1 2025, with the overall confidence index (CI) dropping to 31.2 percent from 44.5 percent in Q4 2024.  This decline reflects a combination of a decreased percentage of optimists and an increased percentage of pessimists.  The firms’ less optimistic outlook for Q1 2025 was primarily driven by concerns regarding: (a) the …

The Sisters of Mary School celebrated a topping-off ceremony for its Digital Transformation Center in Silang, Cavite, on Sunday, March 23.This event marks the completion of the building”s structural framework. The construction of the facility, named the Felicidad Sy Hall-Digital Transformation Center, is a collaboration between the Felicidad T. Sy Foundation Inc. (FTSFI), Fr. Al’s Children Foundation, Inc. (FACFI), and …

Manila Water Philippine Ventures (MWPV), the Non-East Zone subsidiary of Manila Water Company, has begun implementing its summer mitigation plan to ensure continuous water supply across its service areas. Although El Niño is not in effect this year, MWPV is proactively executing a comprehensive summer mitigation plan to address potential water availability issues, considering the impacts of global warming and …

The Philippine Amusement and Gaming Corporation (PAGCOR) formally inaugurated  its 49th socio-civic center in Luisiana, which is expected to benefit more than 2,000 residents. The P50-million facility built in Barangay San Isidro can also serve 22 neighboring barangays in Luisiana, also known as the “Little Baguio of Laguna.” The two-story structure will function as a community hub and an evacuation …

2GO, the country’s leading sea travel provider, is brewing up an exciting new experience with the launch of its first-ever exclusive and limited-time Summer Barista Workshop, “Brew Like a Pro.” This limited-time onboard interactive barista experience offers a unique opportunity for passengers to immerse themselves in the art of coffee-making while enjoying their 2GO sea journey. This one-of-a-kind, full-day onboard activity …

Low-cost carrier Cebu Pacific (CEB) announced last week the acquisition of new ground support equipment to enhance operations at Manila’s Ninoy Aquino International Airport (NAIA) and other key hubs. The upgrades include high-capacity tow tractors, mobile passenger steps, boarding ramps, deck loaders, catering trucks, and electric baggage tractors, which will be deployed at NAIA Terminals 2 and 3 as well …