May, 2023

• 5 May

  Fruitas grows 2022 revenues by 63% versus 2021 and delivers Php221 million of shareholder value in 2022

  

  Fruitas Holdings Inc., leading food and beverage store operator traded on the Philippine Stock Exchange under symbol FRUIT, registered Php1,799 million in revenue, a 63% increase from Php1,102 million in 2021.  The revenue increase was driven by strong same-store sales growth.  Despite having just over 770 stores as of end-2022, compared to more than 1,000 stores as of end-2019, FRUIT …

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• 5 May

  Richard Quan’s mixed emotions in a solo titular starrer

  

  It takes action-drama director Francis “Jun” Posadas to shine actor Richard Quan’s star to shine brightest and acting career to move fastest. After a series of supporting roles mostly marked commendable performances, Richard has finally clinched a solo titular starrer in one biopic he, according to Francis, could only give justice. Posadas never left any stone unturned just to give …

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• 5 May

  Jericho Rosales joins Bea Alonzo, Karylle, Paulo Avelino et al in a musical

  

  After spending sometime in the US and trying his luck in foreign art, actor Jericho Rosales is back to grind in the local show business. Jericho is slated to appear in an important stage musical billed “Contra Mundum, Ang Larawan The Concert” collaborated by three National Artists, namely posthumous participation by Nick Joaquin, for Literature, whose literary play, “Portrait of …

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• 5 May

  BSP’s 1000-Piso polymer banknote wins Banknote of the Year Award

  

  The 1000-Piso polymer banknote of the Bangko Sentral ng Pilipinas (BSP) won the International Banknote Society’s (IBNS) “Banknote of the Year Award” for 2022. The 1000-Piso polymer is the first Philippine banknote to win the award. It won over banknote finalists from Algeria, Barbados, Egypt, Northern Ireland, and Scotland. In announcing the award, the IBNS said: “The Philippines’ successful design …

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• 5 May

  Manila Water’s non-revenue water now on par with developed countries

  

  Manila Water is on par with water utilities in developed countries when it comes to the level of water losses, or non-revenue water (NRW). In 2022, Manila Water averaged 12.69% NRW, which is one of the lowest in Asia. Non-revenue water is defined as water that is not billed and is lost through leaks or illegal connections. This means that …

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• 3 May

  Lucio Tan Group Records Highest Net Income in a Decade as Lucio Tan III Assumes Presidency

  

  After a year-long leadership transition period, Lucio Tan III has officially taken over as president of the Lucio Tan Group (LTG). During the transition, he shared decision making responsibilities for business and operational matters with his uncle, Michael Tan, who had been president of LTG since 2010. The group ended 2022 with a PhP25.1 billion attributable net income, which is …

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• 3 May

  Contecon Guayaquil handles its largest boxship

  

  Contecon Guayaquil (CGSA), International Container Terminal Services, Inc.’s (ICTSI) Ecuadorian business unit operating at the Port of Guayaquil, achieved a milestone in April by handling the largest vessel to call the terminal. On 4 April, CGSA received the maiden call of the Maersk Camden – a Liberian-flagged vessel with a capacity of 15,413 TEUs. The 365.9-meter-long ship operates Maersk’s AC2 …

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• 3 May

  Message of Lucio Tan III Given During the Organizational Meeting

  

  I am deeply honored to accept the appointment as President and Chief Operating Officer. I thank the board of directors for entrusting me with this responsibility, and I am grateful to all of you for your support. In exercising the functions of my new role, rest assured that I will be guided by the values of integrity, diligence, excellence, and …

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• 3 May

  Etiqa Philippines launches its own virtual assistant

  

  Leading insurtech advocate Etiqa Philippines has recently launched an always-on virtual assistant for its new and existing customers.  Etiqa’s latest venture into insurtech is named Eriqa, a chatbot which acts as a virtual assistant to help respond to questions and a multitude of requests including processing a Letter of Guarantee (LOG) for outpatient availments.     “The success of an insurance company …

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• 3 May

  PAGCOR-funded multi-purpose facility breaks ground in Misamis Oriental

  

  The Philippine Amusement and Gaming Corporation (PAGCOR) led the groundbreaking of a basketball court-type multi-purpose evacuation center (MPEC) in a calamity-prone town here. The groundbreaking activity, held on April 28, 2023, formally marked the construction of the P12.7 million emergency structure in Barangay Cabubuhan, which has long been suffering from the aftermath of natural calamities. The town lacks temporary shelters …

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