Coca-Cola has lived to 109 years in the Philippines because it subscribed to the mantra that to weather the inevitable crises, it must change with the times while remaining true to its core values. It did so once again amid the still-raging COVID-19 pandemic and it responded to the massive disruption by aggressively pursuing its…
Not even the COVID-19 pandemic could slow down the pace at which telecommunications giant Globe wants to roll out new products and services that address the everyday needs of its customers. The telecommunications arm of the Ayala group has always been proud to be an innovator, says Globe CEO Ernest Cu, guided by its vision…
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…
McDonald’s Philippines has long been a formidable leader in the quick service restaurant sector, but even then, it was not spared from the ravages of the COVID-19 pandemic. But true to its character of resilience, McDonald’s Philippines was able to regain its bearings with its fundamentals intact and mission to recover from the pandemic sharpened.…
After a year of doom and gloom brought about by the COVID-19 pandemic, local business leaders are seeing the light at the end of the tunnel. Eric Teng, president of the Restaurant Owners of the Philippines (Resto PH), an organization of restaurant owners; Wick Veloso, new president of the Bankers Association of the Philippines; and…
Property developer Cebu Landmasters Inc. (CLI) will donate to the government of Cebu City a 100-unit medium-rise socialized residential condominium complex to shelter informal settlers who need to be evacuated from calamity-prone areas. The five-story residential project, valued at , will serve as transition housing for informal settlers near rivers, creeks, seas and other danger…
AC Energy Corp. (Acen) along with the Zabaleta group have divested their minority shareholdings in three biomass-fed power projects in the Visayas as part of moves by the Ayala group to concentrate on their core renewable energy projects—solar and wind. The three projects are the 20-megawatt San Carlos BioPower, 25 MW North Negros BioPower and…
Binamira, who has seen his fair share of crises being a management consultant, conserved as much cash as he could, thus the painful but necessary decision to not renew for now the leases for 35 percent of Zubuchon’s branches. After all, movement restrictions as part of measures to contain the virus meant not enough foot…
Tycoon Andrew Tan-led Megaworld Corp. plans to raise as much as P27.3 billion from the sale of a 49-percent stake in a business process outsourcing industry (BPO)-focused real estate investment trust (REIT) called MREIT Inc., which the group is grooming to become Southeast Asia’s largest REIT in terms of portfolio scale. At the maximum size,…
President Duterte’s economic team on Tuesday expressed confidence that the economy will rebound starting the second quarter with mass vaccination in full swing and government spending, especially on infrastructure, remaining strong. During the Economic Journalists’ Association of the Philippines’ (Ejap) midyear forum, Finance Secretary Carlos Dominguez III said “we might appear to be behind our…