Most business leaders in Southeast Asia expect their enterprises to return to prepandemic profitability levels by 2022 and most are in the thick of business and technology transformation program to sharpen their strategic focus. This was according to the 23rd edition of EY Global Confidence Barometer, a regular survey of senior executives from large companies…
Fund manager Manulife Asset Management Trust Corp. (MAMTC) has unveiled a new investment fund that allows investors to buy into the global health-care space and ride on breakthrough medical advances. Manulife Global Healthcare Equity Feeder Fund is an equity feeder unit investment trust fund (UITF) that investors with aggressive risk appetite may access for as…
MANILA, Philippines — The health maintenance organization (HMO) sector’s bottom line soared by 660.36 percent to P6.77 billion during the first nine months of 2020 as sales inched up amid the Covid-19 pandemic. The latest Insurance Commission (IC) data showed 24 HMO firms’ total net income as of end-September last year jumped from P890.2 billion…
The company said on Tuesday it took delivery of a brand-new on April 2 while seven more planes from manufacturers Airbus and ATR were set to arrive for the remainder of 2021. Cebu Pacific said the delivery was in line with its fleet expansion and the replacement of older planes that burn more fuel. Operated…
Manufacturing sustained year-on-year growth in March, before the most stringent lockdown measures were again imposed in Metro Manila and four neighboring provinces that host economic zones and factories to contain the surge in COVID-19 infections. London-based global information provider IHS Markit Ltd. on Monday said the Philippines’ purchasing managers’ index (PMI) slightly eased to 52.2…
The already considerable toll on the Philippine economy caused by the raging COVID-19 pandemic and the severe lockdowns imposed to contain the disease continues to rise, with more Filipinos forced out of work and businesses either closing down or mightily struggling to survive. Not all is bleak, however, as individuals and institutions have come together…
Filipino Food Month (FFM) this April will yet again be celebrated virtually, leaving our eyes feasting on regional culinary delights. “The main goal of Filipino Food Month is to raise awareness of our gastronomy and to recognize Philippine cuisine as an art form,” said chef Jose Antonio Miguel “Jam” Melchor, FFM proponent and founder of…
As the coronavirus pandemic continues to have a firm grip over the globe, the Indian government has extended a $50,000 grant to the local corn sector to highlight the importance of agriculture in the face of a pandemic. Indian Ambassador to the Philippines Shambhu Kumaran, in a forum organized by the Philippine Chamber of Agriculture…
MANILA, Philippines — A lawmaker has called on the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) to reopen colleges and senior high schools in areas with low risk of COVID-19 transmission. But the government should retain other options such as homeschooling and online learning for parents who do not want to…
Pilipinas Shell Petroleum Corp. is looking to nonfuel businesses to refocus its fuel stations into “mobility destinations” after incurring a net loss of P16.2 billion in 2020. The deep dive was mainly due to the cost of transforming its crude oil refinery in Batangas province into a full-pledged import facility as well as the crash…