The finished goods churned out by the country’s factories soared 539.7 percent year-on-year in August due to the base effects from lower output amid last year’s stringent lockdowns. The Philippine Statistics Authority’s (PSA) monthly integrated survey of selected industries (Missi) report for August released Thursday showed a dramatic reversal of the 82.2-percent drop in the…
The Securities and Exchange Commission (SEC) has approved a re-initial public offering (re-IPO) of as much as n planned by electricity superhighway operator Synergy Grid & Development Phils. as well as a re-IPO of up to P7.5 billion sought by liquor, wine and specialty beverage retailer The Keepers Holdings Inc. The SEC likewise approved the…
Philippine Airlines (PAL) will add long-haul flights to London and North America this month as it expects strong demand for air travel during the Christmas holiday season. In a statement on Friday, PAL announced plans , daily fights to San Francisco and three to four weekly flights to Vancouver on the Canadian West Coast. It…
The still-raging COVID-19 pandemic is no doubt a challenge, but it has also been an opportunity. AIA Philippines, formerly known as AIA Philam Life, and its allied brand BPI AIA, which used to be known as BPI-Philam, found that the pandemic had heightened interest in insurance and also hastened the acceptance of digital technology by…
The manufacturing sector resumed expansion in September as quarantine curbs were gradually lifted, but global supply constraints and expensive inputs pose a threat to sustained recovery. The September purchasing managers’ index for the Philippines released by London-based global information provider IHS Markit Ltd. on Friday showed , reversing the contraction in August when Metro Manila…
More than a year into the pandemic that dragged the economy last year to its worst recession since World War II, corporate Philippines is finally regaining some growth momentum despite the reimposition of tough lockdown protocols and the resurgence of COVID-19 cases arising from the more contagious Delta variant. During the second quarter corporate earnings…
The tourism industry is one of the sectors hit hardest by the COVID-19 pandemic, with travel restrictions forcing the closure of hotels and other establishments offering accommodations. But the Hotel Sales and Marketing Association (HSMA) has always been optimistic that tourism will soon bounce back, and Filipino and foreign travelers will once again queue up…
If goods and services are seemingly moving smoothly and effortlessly despite the COVID-19 pandemic that continues to rage not just in the Philippines but around the world, then people in the logistics and supply chain field deserve much of the credit. They showed flexibility, ingenuity and adaptability in responding to the challenges posed by a…
Aiming to be every Filipino’s partner in quality health care, MediCard Philippines has ensured a commanding presence across the archipelago. It has decisively expanded to reach more people and communities —accrediting thousands of doctors, hospitals and clinics; establishing satellite clinics and referral desks; and founding free-standing clinics in key cities and economic hubs in Metro…
When the pandemic hit and borders all over the country were closed during the first lockdown last year, one could only imagine the logistical nightmare that businesses had to deal with to ensure that they could still reach their customers and secure employees’ jobs. Even huge corporations, such as Coca-Cola Beverages Philippines, Inc. (CCBPI)—the bottling…