Business
San Miguel and Citicore Announce Joint 153-MW Solar Plant in Bataan
MANILA, Philippines — San Miguel Global Light and Power Corp. (SMGLP) and Citicore Renewable Energy Corp. (CREC) are collaborating to build a sizable solar…
Category: Business
Business
Peso Strengthens, Stock Market Reaches Lowest Point of the Year
Due to investor fears regarding the future course of interest rates, the stock market closed at its lowest point of the year on…
Business
Talc Lawsuits Settled: J&J to Pay $700 Million
NEW YORK – The well-known American pharmaceutical and cosmetics company Johnson & Johnson has consented to pay $700 million to resolve claims that…
Business
Low-Cost Internet: Globe’s New Growth Strategy
Telecommunications giant Globe Telecom Inc. is shifting its focus to the low-cost segment to grow its customer base as the broadband market in…
Business
Paytaca Launches User-Friendly, Revolutionary Bitcoin Cash Wallet App
Paytaca Inc. CEO Dr. Joemar Taganna leads the launching of its cutting-edge and revolutionary peer-to-peer electronic cash system through its Paytaca Bitcoin Cash…
Business
Potential Collaboration Between DTI and TikTok to Establish Content Creator Academy in the Philippines
Together with TikTok, the Department of Trade and Industry (DTI) is exploring the possibility of opening a content creator academy in the Philippines.…
Business
SSS Increases Focus on REIT Investments
With improving market conditions and policy easing expected by year’s end, the state-run Social Security System (SSS) is increasing its investments in real…
Business
Government Revenue Down P25 Billion Due to Illegal Cigarette Market
According to the Bureau of Internal income (BIR), the illegal cigarette trade cost the Philippine government P25.5 billion in income in 2023 and…
Business
NEDA Supports Enhanced Role for NFA in Emergency Rice Imports
The National Food Authority (NFA) should have a bigger responsibility in maintaining buffer stocks, according to the National Economic and Development Authority (NEDA),…
Business
Q1 Losses for ABS-CBN Drop by 18%
ABS-CBN Corp.’s first-quarter losses were reduced by 18% as a result of cost-cutting initiatives and a sizeable gain from asset sales. The Lopez-led…