BUSINESS

ZAMBOANGA CITY – Substantial improvements in power stability in Zamboanga over the past five years have resulted in significant growth for the region’s business and tourism sectors. In 2022, the region posted accelerated economic growth of 7.5 percent, up from 5.7 percent just a year prior, according to the Philippine Statistics Authority (PSA)-Regional Services Office …

THE Development Bank of the Philippines (DBP) shall continue to exhaust available remedies under existing laws with regard to the proposed merger with the Landbank of the Philippines. On May 18, DBP formally submitted its appeal memorandum to the Office of the President, which contains, among others, the extensive discussion of responses and counter arguments …

Pag-IBIG Fund released P15.82 billion in cash loans in the first four months of the year, an increase of 5% from the P15.10 billion released during the same period last year, agency officials announced Wednesday (07 June 2023). The amount of Multi-Purpose Loans disbursed by the agency helped 728,653 members with their financial needs. “We …

Insular Life (InLife) Executive Chairperson Nina D. Aguas was one of the featured speakers during the recently-held 2023 ACGS (ASEAN Corporate Governance Scorecard) Workshop for Insurance Companies, sponsored by the Institute of Corporate Directors. Aguas was invited to speak about InLife’s corporate governance journey and best practices where she explained how important it is for …

Cebu Pacific officials with the awardees in the 10th CEBBIZ Awards during the awarding ceremony on May 10, 2023 at Dusit Thani Manila. Cebu Pacific (PSE: CEB), the Philippines’ leading carrier, recognized its top performing corporate and government accounts at the 10th edition of the CEBBIZ Awards. A total of 24 accounts from the country’s …

Philippine Veterans Bank’s (PVB) capital raising efforts goes full-swing this June targeting new shareholders coming from post-war II veterans, AFP Retirees and their families. This comes after the passage of Republic Act 11597, or the Philippine Veterans Bank Act, into law last December 2021. Until recently, PVB was owned by over 385,000 World War II …

SCRATCHIT, instant ticket lottery game and scratch cards of Powerball Marketing and Logistics Corporation, announced the launch of its online game show and other online weekly shows hosted by long time comedian Long Mejia, recently. The online game show PERA O SCRATCHIT was envisioned to provide entertainment and at the same time an opportunity for …

PAG-IBIG Fund signed partnerships with the country’s top transport network and app-based courier companies in efforts to bring its membership to delivery riders on Thursday, May 25. The agency also launched its “Pag-IBIG Asenso Rider Raffle Promo” to encourage Pag-IBIG Fund membership among the estimated 420,000 delivery riders in the country today. “We are very …

PARAÑAQUE City – As April was about to close and the summer heat was at its peak, Johnson-Controls Hitachi Air Conditioning Philippines, Inc. recognized outstanding dealers and unveiled new products during a convention held at Okada Manila in Parañaque City. “An evening true to your comfort” was the theme of the Hitachi Dealers Convention 2023, …

  Pag-IBIG Fund members saved P27.51 billion during the first four months of 2023, growing 10 percent year-on-year and setting a new record for the highest amount saved by members for any January to April period. “We are happy that Filipino workers are saving more with Pag-IBIG Fund. Their trust and confidence in our savings …