January, 2023

• 7 January

  Network Marketing Giant I-FERN Invests Php 122.5 Million in Fruitas

  

  I-FERN Corporation, a strong network marketing company founded and managed by President and CEO Tommanny Tan, made a strategic investment by acquiring 100 million Fruitas Holdings Inc. (FRUIT) shares from Lush Properties Inc. (LPI). The two entities entered into a block sale transaction on December 20, 2022 at an agreed price of Php 1.225 per share, about 12% higher vs …

  Read More »
• 5 January

  SM Scholar hurdles LET, lands in top 10 list

  

  The journey to success always starts with a single step. This rings true for SM Scholar Roderick Cajefe. For only elementary school was open in his hometown, he would walk one-and-a-half hours to go to his high school and another hour and a half to reach home. Moving an inch closer to his dreams, his hard work paid off as …

  Read More »
• 5 January

  RCBC DiskarTech joins BSP to digitalize Cabanatuan

  

  Furthering financial inclusion in the country, RCBC trailblazes the digital transformation journey of tricycle drivers and market vendors during the Digital Financial Literacy Briefing led by the Bangko Sentral ng Pilipinas (BSP) held at Pepe Subdivision, Cabanatuan City. The financial literacy briefing showcases the features and benefits of using digital finance in their enterprises. Both drivers and vendors were immersed …

  Read More »
• 5 January

  Bank Lending Grew by 13.7 Percent, Year-on-Year, in November

  

  Preliminary data show that outstanding loans of universal and commercial banks (U/KBs), net of reverse repurchase (RRP) placements with the BSP, grew by 13.7 percent year-on-year in November from 13.9 percent in October. On a month-on-month seasonally-adjusted basis, outstanding universal and commercial bank loans, net of RRPs, rose by  0.3 percent. Outstanding loans to residents, net of RRPs, went up …

  Read More »
• 5 January

  Philippine fiber internet provider Converge goes international, obtains license to provide connectivity services in Singapore

  

  Leading Philippine fiber internet provider Converge Information and Communications Technology Solutions, Inc. (PSE: CNVRG) has received the greenlight to provide international connectivity services in Singapore through its wholly-owned subsidiary, Converge ICT Singapore Pte. Ltd. (Converge SG), to further strengthen its fast-growing international wholesale business. In its grant letter, the Infocomm Media Development Authority (IMDA), a statutory board under the Singapore …

  Read More »
• 4 January

  BSP STATEMENT

  

  The BSP is closely coordinating with BPI in relation to the double debit transaction incident affecting BPI accountholders. The Bank already identified the root cause of the operational error and committed to reverse the erroneous transactions and restore mobile and internet banking services the soonest possible. The BSP has instructed BPI to submit a timeline and updates on the reversal …

  Read More »
• 4 January

  Philippines posts 2.6 million tourist arrivals in 2022

  

  The Philippine tourism industry gained so much from the holiday season in terms of foreign visitors after it surpassed its target of 1.7 million with 2.65 million international arrivals at the end of 2022. The arrivals translated to P208.96 billion or USD3.68 billion in tourism revenues, a whopping 2,465.75-percent increase from 2021, according to a news release on Monday. Based …

  Read More »
• 4 January

  Local manufacturing Dec. ’22 output highest in 6 months

  

  The country’s manufacturing performance in December 2022 recorded its best score in six months, according to the latest S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI). S&P Global reported Tuesday that the Philippines PMI in December 2022 increased to 53.1 from 52.7 in November 2022. It attributed the improvement to the expansion in production levels, solid domestic demand, and an …

  Read More »
• 4 January

  Azkals end AFF ME Cup stint on losing note

  

  The start of 2023 had been unkind to the Philippine Azkals after they suffered a 1-2 defeat from Indonesia in their final match in the 2022-23 AFF Mitsubishi Electric Cup at the Rizal Memorial Stadium in Manila. Despite a hot start, the Azkals could not give longtime captain Stephan Schrock a fitting sendoff in his retirement match as the Garudas …

  Read More »

December, 2022

• 29 December

  Insular Life Cebu conducts outreach activities

  

  As part of its continuing assistance to 45 families in Sitio Polton, Insular Life (InLife) Cebu Office has conducted outreach activities in partnership with the Insular Foundation and the Missionaries of Africa. InLife employees conducted a values formation session for children, and turned over school supplies to 43 student-beneficiaries from the Foundation’s adopted families. Further, InLife financial advisor Vanessa Abelgas …

  Read More »