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…
While many businesses remain in the grip of the Corona virus disease 2019 (Covid-19) pandemic and still caught in the here and now, Toyota Motor Philippines Corporation (TMP) is looking ahead and preparing for a post-Covid future that may be just a few months ahead. TMP firmly displayed its optimism and confidence that things were…
The Megaworld group’s e-commerce startup, Pick-a-roo, has grown its online consumer marketplace since debuting at the height of the COVID-19 pandemic, breaching 1,000 brands and 150,00 products across various categories to date. “We have been carefully curating and selecting our merchant partners to provide only the best offerings to our customers,” said Kevin Tan, president…
Over a year into the COVID-19 pandemic that sank Asia-Pacific (Apac) into a recession, many economies in the region have weathered what they hope is the worst of the storm. Although most economies are tipped to rebound to prepandemic levels this year —thanks to factors such as the rollout of vaccines, revival of global demand…
Filipino consumers are more optimistic about the coming final quarter of the year, but are less upbeat about their prospects for the next 12 months, according to the results of the central bank’s latest consumer confidence survey. At the same time, a parallel business confidence survey issued simultaneously by the Bangko Sentral ng Pilipinas (BSP)…
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…
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…
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,…
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…
The ongoing public health crisis has made more Filipinos aware of the need for insurance, and among the companies benefiting from that heightened awareness is Pru Life UK, which was ranked by the Insurance Commission as the country’s leading life insurer in terms of New Business Annual Premium Equivalent (NBAPE), the only company to see…