ONLINE PAYMENTS enabler PayMongo Philippines, Inc. announced on Tuesday a partnership with the Department of Trade and Industry (DTI) aimed at increasing micro, small, and medium enterprises’ (MSMEs) access to financial services. The partnership aims to help MSMEs digitize their businesses through digital payment solutions, PayMongo said in an e-mailed statement. Under the partnership, PayMongo […]
Category: Hot News
Dining In/Out (08/04/22)
1 of 18 Bobbys Honey Lime Eddies Buffalo Fish Sauce Caramel Wings Mid-Autumn Treasures at Marco Polo Ortigas Manila Cauli-fornia Dreamin’ Salad at SaladStop! EggSandwich GarlicCream Korean-Burger Shang’s The Marketplace holds farmers market IT is all set to be a “Dealightful” month as Shangri-La Plaza’s The Marketplace is bringing back its popular Farm to Table […]
Commerzbank sees growth ‘clouds’ after Q2 income beats expectations
FRANKFURT — Germany’s Commerzbank swung on Wednesday to a bigger-than-expected second-quarter net profit, helped by higher interest rates and commission income, and confirmed it was on track to meet its profit target despite “clouds” on the horizon. The return to profit at Germany’s No. 2 bank is a victory for chief executive officer Manfred Knof, […]
South Korea develops nanotech tattoo as health monitoring device
DAEJEON — South Koreans may soon be able to carry a device inside their own bodies in the form of a bespoke tattoo that automatically alerts them to potential health problems, if a science team’s project bears fruit. Researchers at the Korea Advanced Institute of Science and Technology in the city of Daejeon southwest of […]
Historical marker unveiled at Museo ng Makati
ON an ordinary day, vehicles pass by the Old Presidencia in Makati City and their passengers seldom notice the presence of the historic structure. But if they slow down — or better yet, stop and enter — they will learn about its role in the development of one of the country’s richest cities. In 2019, […]
AboitizPower, Chevron ink fuel supply deal
CHEVRON Philippines Inc. has signed a deal with Aboitiz Power Corp. to supply diesel fuel to the latter’s nine power generation plants. In a media release on Tuesday, Chevron Philippines Country Chairman Billy Liu said the two companies “share the same advocacy of providing affordable, reliable, and safe energy.” “Our number one goal now is […]
Gov’t makes full award of fresh 3.5-year bonds on strong demand
THE GOVERNMENT fully awarded the fresh 3.5-year Treasury bonds (T-bonds) it auctioned off on Tuesday amid strong demand that led it to open its tap facility to offer another P10 billion in the papers. The Bureau of the Treasury (BTr) on Tuesday raised P35 billion as planned from its offer of fresh 3.5-year securities maturing […]
Mondial to distribute Agfa’s mobile digital imaging system
MONDIAL Medical Technologies has been named the local distributor of the digital radiography (DR) products of Agfa, a Belgium-headquartered multinational. Agfa’s DR 100s is a mobile digital radiology system that enables “first-time right” imaging at low radiation doses. This allows for faster workflow in the department, and thus better patient care and diagnosis, according to […]
Auction house brings together Elvis Presley’s ‘lost’ jewelry collection
1 of 2 Elvis Presley’s 14K Diamond Accented Swatting Lion Ring — PHOTO FROM BID.GWSAUCTIONS.COM Col. Parker’s 10K ‘Admiral Tom Parker’ Bracelet From Elvis — PHOTO FROM BID.GWSAUCTIONS.COM WEST HOLLYWOOD, Calif. — Elvis Presley experts and historians have long known about a collection of jewelry the singer gave to his manager Colonel Tom Parker. Both […]
Toyota expands lineup of all-new Lite Ace
TOYOTA MOTOR Philippines Corp. (TMP) has expanded the available variants of its new light commercial vehicle offering, the Lite Ace, in a bid to support local businesses. The car manufacturer said in a statement late on Monday that it is adding new variants — the Lite Ace FX Utility Van and the Lite Ace Cargo […]
Metrobank’s net profit almost doubles in Q2
METROPOLITAN Bank & Trust Co. (Metrobank) saw its net profit surge by 94.5% in the second quarter on higher fee-based income, stable operational costs, and lower loan loss provisions. The bank booked an attributable net income of P7.6 billion in the second quarter, up from the P3.907 billion it posted in the same period last […]
Preparing for monkeypox
The World Health Organization (WHO) recently declared the escalating global monkeypox outbreak a Public Health Emergency of International Concern (PHEIC). According to the WHO, there are now more than 19,000 reported cases from 78 countries and territories. On July 29, the Department of Health (DoH) reported the first case of monkeypox in the country — […]
Maryknoll Ecological Sanctuary presents a classical concert for a cause
FACEBOOK.COM/BAGUIOMARYKNOLLECOLOGICALSANCTUARY/ ON July 9, the Maryknoll Ecological Sanctuary held a classical music concert entitled A Rebirth: A Classical Concert For A Cause to raise funds for the rejuvenation of their Learning Garden, Vegetable Garden, and Sanctuary Garden in Baguio City. The concert featured a vocal performance by the “Pavarotti ng Baguio,” Glenn Gaerlan. There were […]
Chemical Industries’ net loss narrows to P2M
CHEMICAL Industries of the Philippines, Inc. registered a net loss of P2 million in the second quarter, seven times lower than the P14.71-million loss posted a year ago, on lower operating expenses. The company’s topline for the three months ending in June was at P633,113, almost three times lower than the last year’s P1.87 million […]
Del Monte Pacific Limited to hold annual general meeting on August 26
NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting (“AGM”) of Del Monte Pacific Limited (the “Company”) will be convened and held by way of electronic means on 26 August 2022 at 10.00 a.m. (Singapore time) to transact the following business: Adoption of Directors’ Statement and Audited Financial Statements for […]
Deutsche Bank looking to hire more, expand in PHL
DEUTSCHE BANK plans to strengthen and expand its business in the Philippines by tapping on the country’s skilled workforce. Deutsche Bank Chief Executive Officer for Asia-Pacific Alexander von zur Mühlen said in an interview with BusinessWorld last month that the bank is looking to add more than 100 positions across different functions in Manila. “In […]
Philippines rises 3 spots to 41st out of 150 in Global Presence Index
The Philippines’ overall external projection ranking improved by three spots to 41st out of 150 countries in 2021, according to the latest edition of Elcano Global Presence Index by Madrid-based think tank Elcano Royal Institute. Its overall index score, meanwhile, dropped by 3.59 points to 48.47. The index is an annual ranking of different countries’ […]
How PSEi member stocks performed — August 2, 2022
Here’s a quick glance at how PSEi stocks fared on Tuesday, August 2, 2022.
Shares up on PMI data, firms’ positive Q2 results
PHILIPPINE SHARES went up on Tuesday amid improved second-quarter results of listed firms and the continued expansion of manufacturing activity in the country. The bellwether Philippine Stock Exchange index (PSEi) went up by 50.27 points or 0.79% to close at 6,362.30 on Tuesday, while the broader all shares index increased by 18.67 points or 0.55% […]
Peso weakens ahead of July inflation report
THE PESO weakened further against the dollar on Tuesday ahead of the release of latest inflation data and tensions between the United States and China. The local unit ended trading at P55.435 versus the greenback, shedding 12.5 centavos from its P55.31-to-a-dollar close on Monday, according to data from the website of the Bankers’ Association of […]