MANILA -Motolite Philippines expects demand for car batteries to further grow this year as more people go out to take advantage of less restrictive travel. “This year, the demand for car batteries has been strong. We’ve seen calls and inquiries, and we’ve seen people buying also,” Motolite marketing head Alexander Osias told reporters last week…
MANILA – Trade between the Philippines and 11 other Asian markets could triple by 2030, highlighting the potential of intra-regional trade, with the manufacturing sector seen driving the growth. This is according to a study by global shipping and logistics firm United Parcel Service (UPS), which surveyed in January to February last year 198 businesses…
MANILA, Philippines -Conglomerate San Miguel Corp. signed a joint venture agreement with the Batangas provincial government to build a P45-billion expressway that will cut travel time from Metro Manila to locations within the province. In a statement, SMC said the Batangas government granted its infrastructure arm, SMC Infrastructure, a 35-year concession to design, build, operate,…
Ocean freight costs have bottomed out as demand for goods and raw materials has dwindled amid rising consumer prices that have discouraged spending. Royal Cargo chair and group CEO Michael Raeuber, in a recent interview with the reporters, said shipping costs have significantly gone down after peaking due to pandemic-induced factors such as lack of…
Much has been written about the pandemic’s impact on Asian consumers: how they embraced new ways of shopping, as well as how retailers and consumer goods companies were forced to quickly adapt their business models. Now, the focus has shifted to whether many of these patterns and preferences will endure once the pandemic abates, and…
Looking for ways to meet diverse customer demands? Get to know these top personality-driven consumers dominating the market this 2022 and see how your business can adjust sales and marketing strategies based on their needs. Research group EuroMonitor International says consumers are influenced by a slew of factors—from online product reviews, convenient shopping platforms to…
Thousands of small businesses got a crucial boost amid a pandemic-induced economic slowdown through UnionBank of the Philippines Inc.’s (UnionBank) issuance of a social bond worth $150 million or P7.55 billion. The bank financed the loans of 3,751 micro, small and medium enterprises (MSMEs) with the proceeds of the bond, UnionBank revealed in the that…
SM Investments Corporation’s strong retail-led growth mirrors growing consumer spending despite lingering inflation risks. This growth in spending activity is sparking optimism in the overall economic outlook. Asian Development Bank, in a recent report, raised economic expectations, underpinned by rebounds in investment and household consumption. “Despite rising inflation, we are encouraged to see shoppers’ robust…
Three local units of international banking groups made it to the The Asian Banker’s (TAB) inaugural Global Top 100 Digital Banks ranking list based on financial technology and retail operations. TABInsights, the research arm of the Singapore-based TAB, placed the local subsidiary of Malaysia-based at 57th, The Netherland’s at 67th, and Singapore-based at 94th. CIMB…
Despite an influx of rice imports due to liberalized trade, the Department of Finance (DOF) on Thursday said local farmers’ yields have improved thanks to financing for productivity enhancement programs. “The average yield of palay farmers during the dry season has increased from 3.65 tons per hectare to 4.22 tons per hectare as a result…