March, 2024

• 12 March

  EastWest 2023 net revenues surge to P6.1-B

  

  EastWest delivered P6.1 billion net income in 2023, 32% higher from last year, on the back of sustained consumer loan growth and strong deposit generation. Return on equity (ROE) stood at 9.5%. “We witnessed significant growth in our major assets, our consumer loans portfolio. This translated to a remarkable jump in our net income as we doubled down on our …

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• 12 March

  SMFB posts P38.1-B profit in 2023

  

  San Miguel Food and Beverage Inc. (SMFB) ended 2023 with outstanding financial results, despite the challenges of an unpredictable macroeconomic landscape. Consolidated sales reached P379.8 billion, a 6% increase from the previous year, with all business units reporting growth in sales compared to 2022. This was attributed to improved volumes and pricing strategies. EBITDA was up 7% at P66.8 billion, …

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• 12 March

  Stronger Phl-US trade ties seen

  

  The Philippines expects to forge commercially meaningful partnerships with US businesses and investors with the arrival to the country of an American trade mission this week, a trade official announced on Saturday. “There will be a high-level delegation comprised of 22 business delegates, C-level representatives from strategic sectors and iyong pag-uusapan po next week (this week) is of course how …

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• 12 March

  Owndays Philippines holds 2nd ‘Cases for Change’ event

  

  Continuing its commitment to social responsibility, Owndays Philippines– a leading Japanese eyewear brand–hosted its 2nd Cases for Change event last March 1, 2024 at their flagship branch in SM Megamall. The launch was filled with insightful stories and heartwarming testimonials, central to this year’s Cases for Change theme of Philippine Animal Well-Being. In her opening remarks, Ms. Jammie Gregorio, Owndays …

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• 12 March

  Best bucket list of summer destinations

  

  This coming hot summer, well-known Philippine beaches will be swarmed by local and international tourists. Some though want the serene quiet time while getting sand between the toes, exploring secrets of these tourist spots. Whether you’re just stopping over for a quick visit to the capital or looking for adventure in unique islands, consider these local hidden gems that shine …

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• 12 March

  Efficient transport system to boost economic growth—Sec. Bautista

  

  The Department of Transportation (DOTr) pitched before the diplomatic community the viability of transport infrastructures for business opportunities to spur economic growth in the Philippines. Speaking before the World Federation of Consuls, Transportation Secretary Jaime J. Bautista said that an efficient transport system leads to economic growth. “The rapid recovery of international trade through an expanding network of air and …

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• 12 March

  Expropriation final recourse for subway right-of-way

  

  The Department of Transportation (DOTr) will only expropriate properties affected by major rail projects such the Metro Manila Subway as last resort in resolving contentious right-of-way issues, according to DOTr Undersecretary for Rails Jeremy Regino. Usec Regino explained during a media briefing that expropriation of property would be the government’s last recourse should negotiations with affected property owners face an …

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• 12 March

  SAICT cracks down on colorum PUVs

  

  The Special Action and Intelligence Committee for Transportation (SAICT) apprehended a total of 50 unauthorized vehicles, comprising vans, buses, and other public utility vehicles (PUVs), resulting in fines amounting to an impressive P18 million for the period of February 1 to 22, 2024. The Anti-Colorum campaign, spearheaded by SAICT in close partnership with the Philippine Coast Guard (PCG) and the …

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• 12 March

  Improved ports boost eco-tourism in Albay towns

  

  The Department of Transportation (DOTr) entered into an agreement with the Provincial Government of Albay for the improvement of two seaports in the Municipality of Bacacay. Signed by DOTr Undersecretary for Maritime Elmer Francisco U. Sarmiento and Albay Governor Edcel Greco Alexandre Lagman, the Memorandum of Agreement (MOA) allocates P20 million each for the repair and rehabilitation of Cawayan and …

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• 12 March

  PNR suspends Metro Manila operations to give way to NSCR construction

  

  The Philippine National Railways (PNR) is suspending its Governor Pascual-Tutuban and Tutuban-Alabang operations in order to accelerate the construction of the North-South Commuter Railway (NSCR) project. The suspension of operations will commence on March 28, 2024. During the suspension of operations in Metro Manila, the construction of the NSCR will be expedited by eight months, and save at least PHP …

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