ham, smoke, bacon

Gov’t sees green shoots of recovery

High inflation seen persisting throughout the year and vaccine hesitancy may slow the Philippines’ economic recovery, but the government is still confident that rebound from the pandemic-induced recession is just around the corner. In an economic bulletin Monday, Department of Finance (DOF) Undersecretary and chief economist Gil Beltran noted the 20.7-percent growth in total external…

coffee, coffee beans, cup

Tesda and Nestlé to boost coffee production skills with joint training program

Technical Education and Skills Development Authority (Tesda) and Nestlé Philippines announced their partnership to upskill workers and trainers in the agriculture sector through the Tesda registered Coffee Production Level II Program and Scholarship. This progressive Robusta coffee production training program provides enterprise-based competency training in coffee farming to aspiring agripreneurs, particularly smallholder farmers and indigenous…

electricity, power poles, power lines

AEV profit jumps 276% as businesses pick up

Conglomerate Aboitiz Equity Ventures (AEV) saw a 276-percent year-on-year first quarter net profit growth to P7.6 billion, driven by the sharp earnings rebound across its power, banking, food, real estate and infrastructure businesses. Excluding non-recurring items, AEV’s core net income for the first three months of 2021 amounted to P7.8 billion, up by 243 percent…

Aboitiz keeps ‘economic engines’ running toward recovery

Over a year into the devastating COVID-19 pandemic, the Aboitiz Group is ready to march toward recovery with renewed —yet prudent—optimism. Like most other organizations, the Aboitiz Group encountered setbacks last year given quarantine restrictions that have dampened consumer demand and investor appetite. And yet the group’s strategic business units (SBUs) that operate in various…