Toyota Motor Philippines Corporation (TMP) has inaugurated its P4.7-billion logistics hub in Batangas, which can store up to 4,500 imported units at a time, freeing up space in its facility in Laguna to store locally produced cars. TMP said in a statement on Friday that it inaugurated its Batangas Vehicle Center (BVC), about six kilometers…
Budget carrier Cebu Pacific is in talks with local government units (LGUs) to do away with RT-PCR testing for vaccinated travelers as it looks to add flights in the coming months. Candice Iyog, vice president for marketing and customer experience, said discussions with LGUs to simplify travel requirements came with the recent easing of lockdown…
Conglomerate Ayala Corp. is returning to the offshore bond market for the first time since the start of the COVID-19 pandemic, while also offering to redeem as much as $800 million worth of older and costlier perpetual bonds to take advantage of the slowdown in interest rates since last year. The country’s oldest business house…
A business, whether micro, small or medium enterprises (MSMEs), for it to be successful needs the hiring of the best people and creating the right team for the company. When a company hires people, an employer-employee relationship is created. This relationship is governed by the Labor Code of the Philippines, a law that provides the…
The Department of Trade and Industry (DTI) and other government agencies are thinking of ways to extend a helping hand to help the micro, small, and medium enterprises (MSMEs) bounce back from the economic impact brought about by the COVID-19 pandemic. One of the initiatives of DTI is the reopening of Small Business Corporation’s (SB…
Having a business is a dream come true for many Filipinos. When one becomes a business owner, they can make a decent income while at the same time be their own boss. It can be a most fulfilling career. Are you set to start your own business? If you are, you should be ready to…
The state-run pension fund Social Security System (SSS) may finally push through with its planned offshore investments next year once it’s no longer pressured to disburse more benefits to members and pensioners badly hit by the COVID-19 pandemic. “Right now, we are trying to study the environment. Definitely, we’re looking at global bonds, global equities,…
From a humble trading business that the late tycoon John Gokongwei ran on his bicycle 65 years ago, Universal Robina Corp. has grown into one of the country’s largest food and beverage companies with market leadership in various product lines including candies, chocolates and read-to-drink tea and strong market positioning in instant noodles and powdered…
Philippine food and beverage makers Century Pacific Food Inc. (CNPF) and RFM Corp. landed on Forbes Asia magazine’s “2021 Best Under A Billion” list of 200 top-performing publicly listed small and mid-sized companies in the Asia-Pacific region. The roster highlights companies with less than $1 billion in revenues and consistent in terms of top- and…
One of the country’s largest electricity producers—one that is heavily reliant on coal—surprised market watchers recently by announcing a strategic shift away from the cheap but environmentally damaging power source. At the same time, San Miguel Corp. (SMC) said it would be adding renewable energy to its power portfolio, using technologies that would significantly cut…