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Plastic Odyssey Expedition arrives in Manila and launches 'Youth for Dagat' program with France Philippines United Action - BusinessWorld Online
Plastic Odyssey’s laboratory ship has now docked in Manila to continue its mission of addressing plastic pollution in the most affected areas and empowering communities with sustainable solutions.
First utility-scale solar plant in Bohol activated - BusinessWorld Online
DAGOHOY Green Energy Corp. (DGEC), a special purpose vehicle of PetroEnergy Resources Corp. (PERC), has energized its 27-megawatt-peak Dagohoy Solar Power Project (DSPP). DSPP, considered the first utility-scale solar power plant in Bohol, consists of more than 40,000 solar panels installed on a 22-hectare site, the company said in a statement on Thursday. “In 2022, […]
PHL breaks ground on world’s largest solar and battery storage facility - BusinessWorld Online
THE PHILIPPINES on Thursday signaled the start of construction of a P200-billion solar and battery storage project that is expected to supply power to over two million households by 2027. President Ferdinand R. Marcos, Jr. led the groundbreaking of Meralco Terra (MTerra) Solar project, which consists of a 3,500-megawatt-peak (MWp) solar power plant and a […]
PSE net income jumps 53% in third quarter - BusinessWorld Online
THE Philippine Stock Exchange, Inc. (PSE) saw its third-quarter net income rise by 53% to P242.23 million from P158.14 million last year, driven by higher earnings from its investments. The market operator’s revenue dropped by 11.1% to P320.6 million from P360.47 million a year ago, the PSE said in a recent stock exchange disclosure. Costs […]
Peso falls to P59 vs dollar - BusinessWorld Online
THE PHILIPPINE PESO on Thursday hit a record-low P59-a-dollar level for the first time in more than two years as the dollar continued its rally. The peso closed at P59 against the greenback at the end of trading, weaker by nine centavos from its P58.91 finish on Wednesday. This marked the first time the peso […]
Elements of a smart onboarding process - BusinessWorld Online
Is there a connection between employee retention and the onboarding process? In other words, how do we determine the success of onboarding with employee motivation and their long-term commitment to the organization? — Light Bulb. Your questions are better answered in a formal study by management academics and researchers covering time-tested best practices. However, with […]
DAHUA Technology and VST ECS Philippines, Inc. forge strategic partnership for innovative dash cam launch - BusinessWorld Online
DAHUA Technology had officially launched its partnership with VST ECS Philippines, Inc. that aims to make advanced Dash Cam technology more accessible to the Filipino market.
Order — not Haka— in the House - BusinessWorld Online
It was so bizarre and inane it could have been mistaken for a Babylon Bee article. Unfortunately, it did happen. As ABC News reported: “Māori lawmakers interrupted a New Zealand parliamentary vote with a Haka on Thursday to protest a proposed law that critics say would erode the land and cultural rights of Indigenous New […]
Restoring nobility in banking - BusinessWorld Online
Banking, as Mr. Regalado understood it, was a public trust. “It’s not your money you’re handling, but the public’s,” he said in an interview.This was essentially the core of BAIPHIL’s theme for this year: “Responsible Banking in the Digital Age.” In an era of ever-increasing digitalization, Mr. Regalado sees an opportunity to remind the banking community of its deeper purpose.
PHL’s DigiPlus edges closer to Brazil market entry - BusinessWorld Online
DIGITAL GAMING company DigiPlus Interactive Corp. is nearing its Brazil expansion after a subsidiary passed the gaming license qualification stage. DigiPlus Brazil Interactive Ltda., a subsidiary of DigiPlus Interactive, has successfully passed the initial requirements for obtaining a federal gaming license from the Brazilian Ministry of Finance’s Secretariat of Awards and Bets (SPA), the listed […]
How Metro Pacific Water is addressing Iloilo’s rising demand - BusinessWorld Online
By Sheldeen Joy Talavera, Reporter METRO Pacific Water (MPW) is deploying new water solutions in Iloilo City to address the increasing demand, according to the company’s president. “We have a long way to go in terms of providing the basic water needs for every Filipino, but that is our main objective — we want to […]
MPTC names Arrey Perez as new president - BusinessWorld Online
METRO Pacific Tollways Corp. (MPTC) has formally announced the appointment of Arrey A. Perez as its new president and chief operating officer (COO). In a media release on Thursday, the tollways arm of the Pangilinan group named Mr. Perez as its new head, replacing Rogelio L. Singson effective Nov. 20. MPTC Chairman Manuel V. Pangilinan […]
UnionBank leads the charge in AI-driven customer experience at DigiCon 2024 - BusinessWorld Online
UnionBank, a leader and pioneer in digital banking, shared its expertise on transforming customer experience with AI and innovation at the 9th annual Digital Congress (DigiCon) held last October 2024 at the Newport Performing Arts Theatre in Metro Manila.
ADB backs Ayala’s EV charging network with $100-M loan - BusinessWorld Online
THE Asian Development Bank (ADB) has approved loans of up to $100 million, or around P5.9 billion, for Ayala Corp. subsidiary AC Mobility Holdings, Inc. (AMHI) to build an electric mobility (e-mobility) ecosystem in the country. The loan application was “approved” on Nov. 20, the multilateral development bank said on its website on Thursday. The […]
Maynilad says P1.6-B Muntinlupa facility nears completion - BusinessWorld Online
MAYNILAD Water Services, Inc. is preparing to test and commission its P1.6-billion water reclamation facility (WRF) and sewer system in Muntinlupa City, aiming for full operation by yearend, the company said on Thursday. Once fully operational, the Cupang Water Reclamation Facility will treat up to 46 million liters of wastewater per day, the company said […]
BSP monitoring lenders behaving like digital banks - BusinessWorld Online
SOME LENDERS behaving like online banks might be required to obtain digital banking licenses to curb arbitrage and improve oversight, the Bangko Sentral ng Pilipinas (BSP) said. “We’re busy right now determining which among the digi-centric institutions that we have right now can already be considered as operating like a digital bank,” BSP Director for […]
Stuff to Do (11/22/24) - BusinessWorld Online
Lauchengco marks 40 years SINGER Raymond Lauchengco will be holding a major concert celebrating his 40 years in showbiz titled Just Got Lucky on Nov. 23, 8 p.m., at The Theater at Solaire. Joining him onstage will be his guest star Bituin Escalante. The show will be directed by Waya Gallardo, with musical direction by […]
The future of digital experience analytics - BusinessWorld Online
In the heart of Makati City, a significant gathering unfolded on the evening of Nov. 14, as industry leaders and innovators convened for an event titled “Navigating the Future: Why do you need Digital Experience Analytics.” The atmosphere was charged with excitement and curiosity, as professionals from various sectors came together to delve into the […]
IC says only agents with regular license can sell insurance cover - BusinessWorld Online
THE Insurance Commission (IC) has stopped issuing provisional licenses to insurance agents to protect consumers from fraud. Only agents with regular licenses may sell policies to the public, Insurance Commissioner Reynaldo A. Regalado said in a circular on Thursday. “Considering the procedure and evaluation period for the issuance of agents’ licenses under the Enhanced Licensing System, […]
Philippines improves in Global Knowledge Index - BusinessWorld Online
The Philippines went up nine places to 71st out of 141 countries in the 2024 edition of Global Knowledge Index (GKI) developed by the United Nations Development Programme – Regional Bureau for Arab States (UNDP RBAS) and the Mohammed bin Rashid Al Maktoum Knowledge Foundation (MBRF). The index serves as a reference tool to support […]
Eddie Romero’s legacy celebrated for his birth centennial - BusinessWorld Online
IN 1976, the film Ganito Kami Noon, Paano Kayo Ngayon? by director Eddie Romero – much later proclaimed National Artist for Film – was released, eventually becoming a beloved classic due to its take on Filipino identity and culture set in the Spanish colonial era. At recent talks about the film’s legacy, family, friends, and […]
Robinsons Retail plans to boost store count over next 5 years - BusinessWorld Online
ROBINSONS Retail Holdings, Inc. (RRHI) targets to ramp up its store openings over the next three to five years as part of its strategic growth initiatives, a company official said. “In the next three to five years, we plan to accelerate our store openings and increase the top line,” RRHI Vice-President for Corporate Planning and […]
Resiliency and adaptability in the Philippine property market - BusinessWorld Online
According to recent reports from Leechiu Property Consultants, the economy, which showcases a gross domestic product growth rate of 6.3%, is a significant factor driving property demand in the Philippines. The said figure positions the Philippines as the second fastest-growing economy in the region, just behind Vietnam, which recorded a growth rate of 6.9%. The […]
PHL has over 1 million working children — PSA - BusinessWorld Online
THE NUMBER of children working in the country fell by 26% to 1.09 million in 2023, the Philippine Statistics Authority (PSA) said on Wednesday. PSA data showed the number of working children, aged between five and 17 years old, dropped by over 383,000 in 2023 from about 1.48 million in 2022. The share of children […]
Navigating geopolitical tensions and the pursuit of sustainability - BusinessWorld Online
A cursory review of current talk on sustainability in the Philippines is largely focused on initiatives of organizations to adhere and embrace environmental, social, and governance (ESG) principles and their valiant efforts to align operations with global standards like the United Nations’ Sustainable Development Goals (SDGs). In the public speaking circuit, we often hear businesses […]
Philippines must strengthen AI capabilities - BusinessWorld Online
THE PHILIPPINES must focus on strengthening its artificial intelligence (AI) capabilities before establishing regulations for the use of the technology, an expert said. “I don’t think that’s a conversation we should be having because we don’t have any AI capabilities as a country yet,” Ideaspace Ventures Executive Director Jay Fajardo told BusinessWorld on Monday. “We […]
Dining In/Out (11/21/24) - BusinessWorld Online
Singapore Airlines now serves Cristal SINGAPORE AIRLINES (SIA) will be the world’s only airline to serve the iconic Cristal 2015 champagne, following an exclusive agreement with leading French champagne house Louis Roederer. Cristal 2015 will be served in SIA’s Airbus A380 Suites and Boeing 777-300ER First Class cabins starting Dec. 1. Initially available on flights […]
Artificial intelligence agents poised to replace chatbots - BusinessWorld Online
ARTIFICIAL INTELLIGENCE (AI) agents look poised to replace basic chatbots, potentially transforming application development with their ability to execute complex tasks, according to Couchbase, Inc., a US-based technology firm. “Now, not only have you got to find skills, but we’ve moved from basic chatbots to people talking about [AI] agents,” Chris Harris, vice-president of global […]
A business that’s ripe with opportunity - BusinessWorld Online
Over the years, I have (and continue to wear) several hats. I am a professional master of ceremonies, a motivational speaker, a podcaster, a sometime actor, an Honorary Consul, an editor of an online business publication, and as serial entrepreneur. Among those, entrepreneurship has been one of the most rewarding but also the most challenging. […]
EEI board OKs 20-M preferred share issuance - BusinessWorld Online
EEI CORP. is tapping the capital market to raise more funds to help clear the company’s debts and fund its upcoming projects, the listed construction company said on Wednesday. In a stock exchange disclosure, EEI said its board of directors had approved the issuance of 20 million preferred shares priced at 50 centavos apiece from […]
Never enough - BusinessWorld Online
(Conclusion) You either love him or you hate him, but US President-elect Donald Trump’s impending assumption of office in two months has had Asian markets on the edge amid fears of an escalating US-China trade war, which has been raging since 2018. Hopefully, our economic managers’ scenario building over the past 12 months has made […]
Investors may benefit from SMGP bond exchange, says CreditSights - BusinessWorld Online
FINANCIAL RESEARCH FIRM CreditSights has maintained its outperform recommendation on San Miguel Global Power Holdings Corp. (SMGP), highlighting the company’s long-term prospects and perpetual bond yields exceeding 7%. The research firm views the current yields as appealing amid an improving credit outlook, revival of funding access, and reduced risks of perpetual bond extensions, supported by […]
SEC approves BDO and Podium merger - BusinessWorld Online
THE SECURITIES and Exchange Commission (SEC) has approved the merger of BDO Unibank, Inc. and its wholly owned unit, The Podium Complex, Inc., with BDO as the surviving entity, the Philippine lender said in a disclosure to the Philippine Stock Exchange. The merger with Podium, formerly SM Keppel Land, Inc., was valued at P7.08 billion […]
Mastercard Philippines expects NFC technology to boost cashless payments - BusinessWorld Online
MASTERCARD Philippines expects banks to begin integrating near-field communication (NFC) capabilities into their apps and cards by next year as contactless transactions continue to rise. “When I say tokenization, that is putting your card or payment credentials on your phone so that you don’t even have to take out your card. You just take out […]