Thursday, January 28, 2021
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CAGAYAN DE ORO
CAGAYAN DE ORO
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Manila / Business
PH economy contracts 9.5% in 2020
/ from 7 hours ago
THE Philippines’ gross domestic product (GDP) declined by 8.3 percent in the last quarter of 2020, bringing the annual growth rate down by 9.5 percent, the Philippine Statistics Authority (PSA) announced Thursday, January 28, 2021.This is worse than the 7.3 percent contraction in 1984-1985, when political unrest led to a ...
BDO employees uphold volunteerism via 'Handog Sa 'Yo' initiative
/ from January 27, 2021
BRANCH employees of BDO Unibank exemplified the bayanihan spirit during the recent holiday season through a volunteerism effort involving the distribution of food packs to various marginalized communities nationwide.Done in partnership with the bank’s corporate social responsibility arm, BDO Foundation (BDOF), the “Handog Sa ‘Yo ng BDO” initiative was simultaneously ...
Metro to build distribution center in Laguna, not in Cebu
/ from January 25, 2021
METRO Retail Stores Group Inc. (MRSGI) has dropped its plan to construct a distribution center in Cebu.Instead, it will build the facility in Sta. Rosa City, Laguna using P714.91 million from the company’s initial public offering (IPO) proceeds.In a disclosure on Monday, Jan. 25, 2021, the company said this was ...
New wage hike petitions may be filed except in 2 regions
/ from January 22, 2021
LABOR groups may already push for an increase in their minimum wage except in Cagayan Valley and Soccsksargen.In a virtual press briefing, National Wages and Productivity Commission (NWPC) Executive Director Maria Criselda Sy said it has been more than a year since the last wage orders were approved in 15 ...
Globe keeps family traditions alive on network service enhancements; gears up for robust #FirstWorldNetwork in 2021
/ from January 21, 2021
GLOBE’S vigorous network builds and expansion initiatives paved the way for valued family traditions to continue during the holiday season despite the pandemic which curbed face-to-face interactions.Virtual get-togethers, online masses, concerts, distance learning, popular online sale events like “12.12,” among others, were supported by Globe’s improved network infrastructure. Based on ...
Aspiring MVP Bossing Glenda Victorio rises from crisis and thrives
/ from January 18, 2021
PLDT Enterprise recently launched its MVP Bossing campaign, built on the vision to celebrate accomplished entrepreneurs, highlighting success stories and inspiring fellow entrepreneurs with business models worth emulating.The global health pandemic saw most business industries pivot and strengthen their digital landscape. The campaign with the theme Rediscovery, Reinvention aims to ...
Nestle Philippines to develop P120-M online learning modules
/ from January 13, 2021
THE Department of Education (DepEd) signed on Wednesday, January 13, 2021, a memorandum of agreement with Nestle Philippines for the development of P120 million worth of online learning modules and educational kits on health and wellness.DepEd Undersecretary Diosdado San Antonio said both learners and teachers are “highly encouraged” to use ...
UAE among top global export destinations of Cebu Pacific
/ from January 12, 2021
CEBU Pacific (CEB), the Philippines’ largest national carrier, continues to fly Philippine produce and goods via its direct flights to the United Arab Emirates (UAE) amid the novel coronavirus (Covid-19) pandemic.In its steadfast commitment to serve the Filipinos in the UAE including in months with stern movement restrictions, CEB has ...
GSIS names Bayad Center as payment solutions partner for loan settlements
/ from January 12, 2021
BAYAD Center, the country’s biggest and widest multi-channel payment platform, has been named as the official payment solutions partner of the Government Service Insurance System (GSIS) for loan settlement.In a virtual partnership signing, the two financial institutions expressed their mutual aim to make GSIS loan repayment more accessible, convenient, and ...
Ayala commits 450,000 Covid-19 vaccines
/ from January 04, 2021
DIVERSIFIED conglomerate Ayala Corporation has committed to procure 450,000 doses of AstraZeneca vaccines against coronavirus disease 2019 (Covid-19).At $5.50 per dose, including the expenses for logistics, Ayala Corporation president and COO Fernando Zobel de Ayala said the entire transaction would cost P120 million.Zobel said half of these vaccines would be ...