Shell Pilipinas Corporation sustains its recovery momentum by generating Php4.1 billion net income in 2022, up by 6% from Php3.9 billion the previous year. This was achieved amidst a challenging year with high inflation, fuel price volatility brought by the Russia-Ukraine war, and Philippine Peso depreciation. The energy company’s 2022 gains are attributed to its strong marketing performance as the …
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THE Philippine Amusement and Gaming Corporation (PAGCOR) heeded the call to help the families and individuals who are gravely affected by the massive oil spill in the waters of Oriental Mindoro by joining a relief-giving mission on March 28, 2023. The state-run gaming agency distributed 6,000 food and non-food packs to 3,000 recipients in the town of Pola. Most locals …
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As the local gaming industry continues to gain momentum, the Philippine Amusement and Gaming Corporation (PAGCOR) is optimistic that performance growth remains on the horizon as the agency aims for P244.84 billion industry gross gaming revenues (GGR) for 2023. In the 2023 Performance Scorecard submitted by PAGCOR to the Governance Commission for GOCCs (GCG), the forecasted GGR for this year …
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The multi-awarded Kia EV6 – Kia Philippines’ flagship vehicle – will lead its other models in showcasing the brand’s technology, innovation, design direction as the country heads towards a sustainable and zero-emission road. This was emphasized by Joey Hong, the head of sales from Kia Asia Pacific, who represented the newly-appointed president and CEO of K-PAC Kevin Ahn, during the …
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The Hyundai’s all-electric vehicle – the Ioniq 5 – together with the Creta, Staria, Stargazer, and Tucson were paraded once again by Hyundai Motor Philippines Inc. (HMPH) at the SM Aura Premier in BGC last weekend to serve as the first stop of the brand’s Hyundai Mobility Experience, a tour of different local cities designed to give more Filipinos access …
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The patented Changan BlueCore engine technology is at the heart of the New Changan CS35 Plus that boasts a powerful, clean, and quiet driving experience. Changan Blue Core counts among China’s Top 10 engines, having achieved high standards in acceleration and the reduction of noise vibration and carbon emissions. It is also garnering nods from global and Philippine motoring experts …
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The most anticipated final pitstop of Robinsons Appliances’ 2023 Race to a Minute is officially set at the first upscale mall in San Pedro City, Laguna, the Galleria South, this Saturday, March 25. After its successful run in Robinsons Valencia in Bukidnon (Mindanao) last March 5, Robinson Galleria Cebu (Visayas) last March 11, and Robinsons Tuguegarao (Luzon) last March 18, …
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Mini Cooper owners and enthusiasts were treated to a thrilling ride onboard the new Mini Cooper S and other variants of the British-made car during the Mini Driving Experience 2023 at the Clark International Speedway in Pampanga. Autohub president Willie Tee-Ten was on hand to greet the participants who were given the free hand to handle the car and experience …
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Ford Philippines is expanding its dealership footprint with the groundbreaking of a new service facility in Mandaue City, Cebu. The expansion is aimed at serving Ford’s growing customer base in the northern part of Cebu province, particularly on their parts and accessories, service, and vehicle maintenance needs. Opening by fourth quarter of this year, the new Ford Mandaue branch will …
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The Department of Tourism (DOT) is confident international passenger arrivals could reach 12 million by 2028, before President Ferdinand R. Marcos Jr. ends his term. Tourism Secretary Christina Garcia Frasco confirmed the goal is “achievable”, against a 4.8-million target for 2023. Frasco showed DOT’s National Tourism Development Plan (NTDP) of 2023-2028 without annual targets for domestic and foreign arrivals, inbound …
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The Market Monitor Minding the Nation's Business