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Tag: Anna Gabriela A. Mogato

World leaders, global CEOs seek to address global economy challenges

WORLD LEADERS and chief executive officers from 60 countries pledged to address issues hampering the global economy with the formation of an international forum during the conclusion of Bloomberg’s New Economy forum.

NFA’s bidding for 203,000 MT of rice fails

THE National Food Authority (NFA) has failed to secure the remaining balance for the additional 250,000 metric tons (MT) of rice after the governments of Thailand and Vietnam has pulled out from the bidding.

DICT, Kaspersky renew commitment to develop cybersecurity in gov’t

By Anna Gabriela A. Mogato The Department of Information and Communications Technology (DICT) and global cybersecurity firm Kaspersky Lab signed another memorandum of understanding (MOU)...

UnionBank posts lower net income in first nine months

By Anna Gabriela A. Mogato Union Bank of the Philippines, Inc. (UnionBank) recorded a lower net income in the first nine months of 2018, dipping...

Philex Mining earnings drop by 49% in first nine months

  By Anna Gabriela A. Mogato Philex Mining Corp. saw its net income attributable to parent company drop by 49.65% to P569.89 million in the first...

SEIPI builds closer ties with French electronics industry

By Anna Gabriela A. Mogato The Semiconductor & Electronics Industries in the Philippines Foundation, Inc. (SEIPI) is seeking to build closer international business ties through...

CLI forays into estate development across Visayas, Mindanao

LISTED property developer Cebu Landmasters, Inc. (CLI) will be exploring estate development as it seeks to firm up its market leadership in Visayas and Mindanao.

Megaworld eyes P700-M sales in new Cavite development

By Anna Gabriela A. Mogato Listed property developer Megaworld Corp. is expecting to generate P700 million in sales from its recently-launched 10-storey condominium in General...

Emerging markets more upbeat in trade outlook — study

By  Anna Gabriela A. Mogato Emerging economies are more confident that the global trade system will be restored than developed economies, Bloomberg found in its...

China Bank issues first green bond, raises $150-M for climate-smart projects

By Anna Gabriela A. Mogato China Banking Corp. has raised $150 million in its first green bond issued, with World Bank Group-member International Finance Corp....

Over 750,000 Filipino users affected in Facebook breach, NPC demands report

By Anna Gabriela A. Mogato Following yet another massive global data breach, the National Privacy Commission (NPC) has ordered Facebook management to submit "a more...

CEMEX subsidiary to build $235-M cement production line

By Anna Gabriela A. Mogato CEMEX Holdings Philippines, Inc. (CHP) is eyeing to increase its capacity by 26 percent through a new cement production line...

Manila Water subsidiary bags franchise to service Pangasinan town

By Anna Gabriela A. Mogato Manila Water Philippine Ventures, Inc. (MWPV), a wholly-owned subsidiary of Manila Water Company, Inc., set a capital expenditure of P742...

Megaworld eyes P10-B revenue from fourth Fort Bonifacio development

By Anna Gabriela A. Mogato Property developer Megaworld Corp. is expecting P10 billion in sales from its fourth residential condominium development in Fort Bonifacio, slated for...

DENR lifts ECC suspension for compliant Boracay establishments

THE Department of Environment and Natural Resources has lifted the suspension on the environmental compliance certificates (ECC) of “complying” businesses in Boracay, weeks ahead of the island’s reopening to the general public.

JBL launches Bluetooth speakers, headphones with built-in assistant

MORE VOICE-ASSISTED products are seen to be available in the Philippines, as American audio equipment maker JBL looks to intensify its presence in the country.

The Philippines is the latest battleground for China’s internet giants

WITH Chinese internet giants Ant Financial Services Group and Tencent Holdings, Ltd. seeking to expand into the Philippines, experts predict a spike in the use of mobile financial services.

Grab partners with Microsoft, adopts Azure cloud platform

By Anna Gabriela A. Mogato TRANSPORT network company GrabTaxi Holdings Pte. Ltd has just partnered with Microsoft Corp. to improve their digital services in Southeast...

Online hiring jumps 18% in August — Monster.com

By Anna Gabriela A. Mogato Online hiring activity in the Philippines grew by 18% year on year in August, data from job listing platform Monster.com showed. In...

BOI partners with IFC to improve investments policy and promotion

By Anna Gabriela A. Mogato The Board of Investments (BOI) signed a memorandum of understanding (MOU) with the International Finance Corporation-World Bank (IFC-WB) to develop the...

Jollibee to bring Panda Express to the Philippines

By Anna Gabriela A. Mogato Jollibee Foods Corp. (JFC) has struck a partnership with US-based Panda Restaurant Group, Inc. to bring widely popular Chinese-American food chain...

Kaspersky looks to Asia-Pacific to boost transparency initiative

EMBATTLED Kaspersky Lab is looking to increase its presence in the growing Asia-Pacific (APAC) region amid increasing protectionism in Europe and the US.

Department of Agriculture green-lights import of 750,000 tons of rice

THE Department of Agriculture has just green-lighted the importation of 750,000 metric tons (MT) of rice, following the devastation recent Typhoon Ompong dealt to rice crops in Northern Luzon last week.

DENR orders review on all Minahang Bayan applications

ENVIRONMENT Secretary Roy A. Cimatu ordered the Mines and Geosciences Bureau (MGB) to review all small-scale mining areas identified under Minahang Bayan for geological hazards.

NFA doles out 32,000 bags of rice to Ompong victims

THE National Food Authority (NFA) has released 32,391 bags of rice as of today (Sept. 18) to Typhoon Ompong victims.

Rice prices rise, just shy of P23 per kilo — PSA

AVERAGE farmgate prices for palay, or unhusked rice, nearly reached P23 per kilogram (kg), rising 17.36% year on year in the first week of September, data from the Philippine Statistics Authority showed.

AGI sets P240-B capex up to 2020

LISTED investment holding firm Alliance Global Group, Inc. (AGI) said it will be allocating P240 billion in capital expenditures (capex) to be spent over three years until 2020.

Adult joblessness down in Q2 – SWS

Joblessness is down in rural areas, among women, and across most age demographics, SWS survey found.

Fullerton Health PH secures $40M IFC loan to expand HMO services

By Anna Gabriela A. Mogato THE local branch of Fullerton Healthcare Corp., Ltd. has secured a $40 million long-term loan from International Finance Corp. (IFC) to...

NFA lays plans for ramped up palay procurement

By Anna Gabriela A. Mogato THE National Food Authority (NFA) will be gearing up local palay — or unhusked rice — procurement following the three-month...

PSALM names winning bidders for power plant fuel supply

THE Power Sector Assets and Liabilities Management Corp. (PSALM) named Pilipinas Shell Petroleum Corp and Phoenix Petroleum Philippines, Inc. as the winning bidders for...