Six months into pandemic, MSMEs still hurting – ADB
Six months into the pandemic, almost half of the country’s micro, small and medium enterprises still suffer from diminished revenues and capital shortage, according to an assessment of the Asian Development Bank......»»
Sari-sari stores for micro-retailers launched
The Philippine Disaster Resilience Foundation, Coca-Cola Beverages Philippines Inc., Smart Communications, Unilever, Hapinoy, PASCO Philippines Corp., and US investment banking firm Jefferies LLC recently launched a joint Sari-Sari Store program aiming to jumpstart the early recovery of 400 micro-retailers in the Greater Manila area by giving them the opportunity to avail up to P10,000 worth of retailer packages. The launch was held as part of a virtual orientation for over 330 Hapinoy sari-sari store partners......»»
SMC sees LNG plant operational in 2 years
Food-to-infrastructure conglomerate San Miguel Corp. (SMC) is boosting its power generation efforts as it targets to start operations of a liquefied natural gas (LNG) plant in Batangas in two years......»»
& lsquo;No-disconnection& rsquo; policy extended
Energy Regulatory Commission on Thursday ordered distribution utilities to stop any disconnection on account of non-payment of bills until Dec. 31, 2020......»»
STI EDUCATION SYSTEMS HOLDINGS: Notice of Annual Stockholders Meeting
STI EDUCATION SYSTEMS HOLDINGS: Notice of Annual Stockholders Meeting.....»»
BDO Leasing returns to profit
BDO Leasing and Finance Inc. said Thursday it posted a net income of P135 million in the first nine months, a reversal of the P39-million net loss it incurred a year ago......»»
China Bank posted 23% income growth to P8.2b in 9 months
China Banking Corp. said Thursday net income climbed 23 percent in the first nine months to P8.2 billion from the same period last year on sustained growth of core businesses......»»
Solar PH taps local, foreign partners for new projects
Solar Philippines said Thursday it is speeding up the construction of solar power projects with joint venture partners following the Department of Energy’s declaration of a moratorium on new coal plants......»»
PH, global stock markets plummet
The stock market slumped Thursday after a meltdown in New York and Europe sparked by France reimposing a nationwide coronavirus lockdown, with fears other major economies could follow suit......»»
Groups push probe on Quezon plant& rsquo;s generation charges
Consumer and non-government organizations asked the government to investigate the alleged high generation charges passed on by Quezon Power Philippines Ltd. to Manila Electric Co.’s consumers......»»
Metro Manila office space, mall vacancy rates widen
Property consultancy firm Colliers International Philippines said Thursday office space and mall vacancies in Metro Manila are widening and rental rates are falling after the global health crisis led to the closure of several Philippine offshore gaming operators and retail stores......»»
Benign inflation rate gives BSP flexibility
Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Thursday inflation in the third quarter remained benign or within the target range of 2 percent to 4 percent set by the government......»»
Robinsons Retail& rsquo;s profit dropped 29.5% in Q3
Robinsons Retail Holdings Inc. said Thursday net income attributable to equity holders of the parent company contracted 29.5 percent in the third quarter to P750 million from P1.06 billion in the same period last year......»»
Cost-cutting buoys Cemex Holdings profits as building yet to restart
Earnings by cement manufacturer Cemex Holdings Philippines Inc. bounced back in the third quarter but hardly due an economic restart......»»
BIR opens its doors to corruption probe opening salvo
“It is a welcome move as it will assist us with our continuing effort to rid of BIR of the remaining ‘bad eggs,’” BIR Commissioner Caesar Dulay said......»»
Puregold allots P5 billion to acquire stores and expand reach
The grocery operator was one of the few companies that benefited from stay-at-home consumers......»»
China Bank grows profits in third quarter
The Sy-led lender netted P3 billion during the July-September period, up 21% year-on-year......»»
Catching up on delays, Dito eyes wider network by yearend
“We are hoping more than 2,000 by end of 2020. Hopefully, we can achieve that so that we can offer a wider coverage to the public,” Rodolfo Santiago, chief technology officer, said......»»
Power firms support shift from coal to clean energy
Energy companies, environmental groups and consumers on Wednesday welcomed the Department of Energy’s declaration of a moratorium on endorsements for greenfield or new coal power plants......»»
2 BPO operators to hire thousands of employees for new job locations
Business process outsourcing firm Teleperformance Philippines said Tuesday it launched a new site in Bacoor, Cavite and started the expansion in Quezon City that will open up at least 3,000 regular jobs for Filipinos......»»