March, 2023

• 19 March

  Aboitiz Group sets P78 billion CAPEX for RE innovation, portfolio diversification

  

  For 2023, the Aboitiz Group is powering its Great Transformation to become the Philippines’ first Techglomerate with an allocated capital expenditure (CAPEX) of almost Php 78 billion, together with its partners. This is a 10% increase from the Php 70 billion utilized in 2022. The Aboitiz Group is focused on investing in renewable energy and new businesses for its portfolio …

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• 19 March

  SMC surpasses pre-pandemic revenues with P1.5 trillion haul in 2022

  

  San Miguel Corporation (SMC) ended 2022 with strong consolidated revenues of ₱1.5 trillion, up 60% from ₱941 billion in 2021 surpassing its 2019 pre-pandemic result of P1.0 trillion.  Consolidated income from operations rose 10% to ₱134.5 billion, driven by the sustained performance of key businesses such as Petron, San Miguel Food and Beverage, San Miguel Packaging, and SMC Infrastructure, as …

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• 19 March

  BDO champions renewable energy financing

  

  BDO Unibank Inc. (BDO) reaffirms its commitment to sustainable development as it continues to support the growth and expansion of clients’ renewable energy projects which the Bank considers as a priority sector in financing.  BDO financed the first renewable energy biomass power plant of Isabela Biomass Energy Corporation (IBEC), a Filipino-owned corporation which uses rice mill waste to generate and …

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• 19 March

  BIR chief files tax rap vs 4 ‘ghost’ corporations

  

  Bureau of Internal Revenue Commissioner Romeo Lumagui, Jr. led the filing of criminal complaints before the Department of Justice against four “ghost” corporations causing the government to lose an estimated P25.5 billion of taxes. They are in violation of Sections 254, 255, and 267 of the National Internal Revenue Code of 1997, as amended (Tax Code). “We are just getting …

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• 19 March

  Lending company officers found guilty of falsifying documents submitted to SEC

  

  The Securities and Exchange Commission (SEC) has successfully prosecuted a falsification case against officers, directors, and shareholders of a lending company who were found to have submitted falsified documents for registration with the Commission. In a decision dated March 8, 2023, the Pasay Metropolitan Trial Court Branch 47 found nine incorporators and officials of Phil86 Gurunanak Lending and Trading Corp. …

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• 19 March

  SEC grants amnesty on non-filing, late filing of reports

  

  The Securities and Exchange Commission (SEC) is granting corporations and other regulated entities an amnesty on the late and non-filing of certain reportorial requirements. The Commission on March 15 issued SEC Memorandum Circular No. 2, Series of 2023, or the Grant of Amnesty for Non-filing and Late Filing of the General Information Sheet (GIS) and Annual Financial Statement (AFS), and …

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• 19 March

  ‘Wonder Boy’ Javines hits target

  

  Antonio Joseph Javines, the “Wonder Boy” from Ateneo de Manila, did it again. Javines continued his impressive performance in the 2023 Philippine National Shooting Association (PNSA) Trap and Skeet shooting competition at PNSA-PSC Firing Rnage in BuCor Muntinlupa City recently. The 13-year-old Javines, who just came from the International Shooting Sports Federation (ISSF) Olympic Trap Training Camp in Kuwait, finished …

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• 19 March

  San Juan Predators score back-to-back wins in PCAP chessfest

  

  Defending champion San Juan Predators subdued Camarines-Iriga Eagles, 12-9, and Tacloban Vikings, 17.5-3.5, while Negros Kingsmen overwhelmed Quezon City Simba’s Tribe, 18-3, and Rizal Towers, 15-6, to keep the lead in their respective divisions in the 2023 PCAP All-Filipino Conference chess team championships recently. IM Paulo Bersamina, IM Jan Emmanuel Garcia, WIM Jan Jodilyn Fronda and IM Ricardo de Guzman …

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• 17 March

  SM Supermalls, SM Cares to join Earth Hour 2023

  

  SM Supermalls, together with its corporate social responsibility arm SM Cares, is joining the rest of the world in observing Earth Hour this coming March 25 as the company renews its commitment to environmental stewardship. This year’s Earth Hour is all about “creating the Biggest Hour for Earth,” and those who want to participate in the global activity are encouraged …

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• 17 March

  ASHLEY PARK BRINGS SONG AND DANCE TO SKECHERS

  

  Skechers takes center stage with acclaimed Broadway and television star Ashley Park in a stylish musical campaign for the brand’s popular Skechers Uno fashion sneakers. Currently seen in the hit Netflix series Emily in Paris, the Grammy, Critics Choice, and Tony-award nominated performer is backed by an ensemble as she executes a flawless original song and dance about Skechers and …

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