Over half of the Philippine’s industrial sector is in manufacturing and the industry contributes to almost a quarter of the country’s gross domestic product. The industry also promotes stronger inter-industry and inter-sectoral linkages, productivity, technological development and innovation. Keeping all these factors in mind, the Philippines is fast-forwarding the manufacturing industry’s pace toward a more…
After being bludgeoned by the COVID-19 pandemic in 2020, Megawide Construction Corp. returned to profitability in the first quarter of this year as belt-tightening measures made up for slower revenues generated by the construction and infrastructure businesses. Megawide booked an attributable net profit of P2.9 million in the first three months, much smaller than the…
This iconic utility van remains as deeply embedded in the Filipino way of living as it was when it first launched in the country more than three decades ago. Touted as the workhorse of the modern era, the Mitsubishi L300 continues to be favored and trusted by many Filipinos for its versatility, durability and affordability—so…
Metro Pacific Tollways Corp. is setting aside about P12 billion this year for capital spending for three expressway projects in southern Metro Manila and neighbouring provinces. Under subsidiary MPT South Corp., the tollroad giant said the largest share or P6.49 billion would go toward the 45-kilometer Cavite Laguna Expressway (Calax) while P5.34 billion would be…
For more than a hundred years, Pilipinas Shell Petroleum Corp. has been at the forefront of helping the Philippine economy by providing mobility solutions to customers all over the country. As the Philippines starts to recover from the havoc wrought by the COVID-19 pandemic, Pilipinas Shell wants to be there, too, in part by transforming…
Recovery from the pandemic-induced recession will entail not only fast-tracking mass vaccination and sustaining infrastructure development but also some more additional reforms pushed by President Duterte’s economic team on Monday. Finance Secretary Carlos Dominguez III told the virtual forum that earlier reforms put in place by the Duterte administration eased COVID-19’s impact on the Philippine…
The work of nation-building never stops. And for San Miguel Corp. (SMC), one of the country’s largest and most diversified and profitable conglomerates, not even the unprecedented COVID-19 pandemic should get in the way. Its history is so intertwined with that of the Philippines that it believes that it has the moral commitment to push…
Filipino business owners are more upbeat about their prospects over the next 12 months as the economy began to adapt to the new economic landscape of the coronavirus pandemic, according to the central bank. In a press briefing on Thursday, officials of the Bangko Sentral ng Pilipinas (BSP) said the outlook on the country’s economy…
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…
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…