The CMA CGM Group continues to deploy the largest vessel, in capacity, at the Port of Melbourne (PoMC) breaking their own record previously held by the CMA CGM Ural at 10,622 TEU operated by ANL on the Australia Asia Express 2 (AAX2) service. Like the CMA CGM Ural, the CMA CGM Estelle berthed at Victoria International Container Terminal (VICT) in …
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October, 2022
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12 October
LANDBANK, DA ramp-up ‘ayuda’ delivery to rice farmers
In partnership with the Department of Agriculture (DA), the Land Bank of the Philippines (LANDBANK) continues to ramp up the distribution of cash grants to farmer-beneficiaries under the Rice Competitiveness Enhancement Fund – Rice Farmers Financial Assistance (RCEF-RFFA) Program. As of 30 September 2022, LANDBANK has produced Intervention Monitoring Cards (IMCs) for 54,188 beneficiaries nationwide, of which 26,523 hail from …
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12 October
Manila Water continues to strengthen watershed management programs
The Philippines is among the world’s most disaster-prone countries. According to World Bank, the country—which is along what is called the Pacific “typhoon belt”—experiences an average of 19 to 20 typhoons per year. Given the threat of climate change, East Zone concessionaire Manila Water is implementing nature-based solutions including the protection, rehabilitation, and enhancement of watersheds to address the increasing …
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12 October
“MAMBABATOK”
(A tribute to Apo Whang-Od Oggay, a National Commission of Senior Citizens (NCSC) Elderly Filipino Week (2022) awardee for her outstanding contribution to national culture and the arts.) In the beautiful mountainous province of Kalinga, where breathtaking sky-high views and stunning natural landscapes meet – there lived a 104 year-old centenarian named Whang-Od Oggay, the oldest living “mambabatok” not only …
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8 October
Alex Gonzaga is The New Face of the Philippines’ Biggest Make Up Brand Ever Bilena
“I’m so happy and I’m so proud. EB has been here for 39 years and they’re still the number 1 beauty brand in the Philippines…” says Alex Gonzaga (AG) about being the newest face of Ever Bilena. Ever Bilena (EB) introduced us to “AG in Everland” to celebrate the launch of its newest celebrity endorser, Alex Gonzaga, last September 19. …
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7 October
Court convicts officers of closed RB Magsingal in Ilocos Sur
The Regional Trial Court (RTC) of Cabugao, Ilocos Sur (Branch 24) convicted former officers of the now closed Rural Bank of Magsingal, Inc. (RB Magsingal) for violation of Republic Act (RA) No. 8791 (The General Banking Law of 2000), in relation to RA No. 7653, as amended (The New Central Bank Act), and the Manual of Regulations for Banks (MORB) issued by the Bangko Sentral ng Pilipinas (BSP). RTC …
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7 October
Manila Water flood-proofs sewage treatment plants near Marikina River
With the perennial rise of the Marikina River, especially during typhoon season, which often causes it to breach its banks, Manila Water continues to improve the flood resiliency of its facilities built near the river to ensure that flooding would not disrupt nor endanger the operations of the facilities, particularly the Olandes Sewage Treatment Plant (STP) and Marikina North STP. …
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7 October
Metrobank named as SSS’ 2022 Balikat ng Bayan
Best Collecting Partner under Bank CategoryMetropolitan Bank & Trust Co. (Metrobank) recently received from the Social Security System the 2022 SSS Balikat ng Bayan Best Collecting Partner Award under Bank Category. “We are honored to be recognized by the Social Security System as a reliable partner in delivering service to both the agency and the Filipino people,” said Paul Robert Murga, Metrobank Executive Vice President …
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5 October
SM and Fast Retailing Foundation Launch ‘Grow Trees Community’ in Nasugbu
SM Foundation, Inc. the social good arm of the SM group, and the Fast Retailing Foundation (FR Foundation), a general incorporated foundation in Japan, formally launched the ‘Grow Trees Community’ project in Nasugbu, Batangas last September 27 as the first stop of three provinces for their ‘treescaping’ and reforestation initiative. The Grow Trees Community project aims to plant and grow …
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5 October
BSP complements bank regulation with digitalization initiatives
Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla (above) said banking regulations are accompanied by initiatives that support the country’s shift from a cash-heavy to a cash-lite economy. During a recent conference by “The Asian Banker,” the Governor explained that the BSP is pursuing these initiatives under its Digital Payments Transformation Roadmap. The Roadmap aims to digitalize at least …
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The Market Monitor Minding the Nation's Business