Metro Business
More pork supplies delivered to NCR
Nearly 400,000 live hogs have been shipped to Metro Manila markets from provinces with surplus of supplies since February 8 this year, according to the Department of Agriculture (DA) said in a report by Philippine News Agency. On Thursday, 4,731 hogs and 28,203 kilograms of carcass were also delive...
SMC posts P17.2-billion profit in Q1
Building on its momentum in the 2nd half of 2020, SMC reported a net income of P17.2 billion for the first quarter of 2021,15x better than the P1.1 billion it registered for the same period last year, further strengthening its recovery from the COVID-19 pandemic. Almost all major busines...
SMFB reports 66% profit growth
San Miguel Food and Beverage Inc. returned to profitability in the first quarter of 2021, posting consolidated net income of P9.68 billion, up 66% from the same period last year. After a challenging year dominated by the COVID-19 pandemic, SMFB quickly implemented programs to adapt to changing mark...
Renewables enable companies to become sustainable and competitive
The shift from fossil fuels to renewable energy will enable companies to achieve a more sustainable future, create jobs and stay competitive. While emissions released into the atmosphere declined during national lockdowns amid the pandemic, C02 emission levels spiked again as economic activiti...
Rate of BSP 28-day debt paper declines
The rate of the Bangko Sentral ng Pilipinas’ (BSP) 28-day debt paper fell Friday which a monetary executive traced to ample supply of domestic liquidity in the economy, according to a report by Philippine News Agency. Data released by the central bank showed that average rate of the secu...
Private sector launches vaccination campaign
The private sector has launched a campaign that will work on boosting Filipinos confidence in coronavirus disease 2019 (Covid-19) vaccines, according to a report by Philippine News Agency. During the Vaccine Summit: Equitable Distribution and Safety, Presidential Adviser on Entrepreneurship Jo...
Meralco extends 'no disconnection' policy until mid-May
Manila Electric Co. (Meralco) said Wednesday it is continuing the suspension of all disconnection activities in its franchise area until May 14, 2021 following the Government’s announcement extending the Modified Enhanced Community Quarantine (MECQ), covering National Capital Region, Bulacan, ...
Gov't secures $18.4-billion loans
The government secured $18.4 billion (roughly P886.5 billion) in foreign loans to boost its "war chest" to address the ongoing crisis brought about by COVID-19, the Department of Finance said in a report by GMA News. “As of April 28 2021, nakautang tayo ng (we have secured) a total ...
PLDT Enterprise empowers businesses
The global health crisis has resulted to a more dynamic business landscape and accelerated the enterprise’s thrust towards digital transformation, to be able to adopt to the changing market environment. As this continues to take shape, ensuring businesses’ ability to be always on...
Catanduanes supports waste-to-energy initiatives
The provincial government of Catanduanes expressed support to the development of environmentally-conscious technologies and ecologically-sensible innovations. The province said that such innovations employ efficient solid waste management approach while generating clean and sustainable energy....
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