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Manila / Business
Inflation highest in 2 years as food prices accelerate
/ from February 05, 2021
THE inflation rate jumped to 4.2 percent in January 2021, the highest since February 2019.This was also higher than the 3.5 percent posted in December 2020, the 2.9 percent in January 2020, and the Bangko Sentral ng Pilipinas (BSP) forecast of 3.3 to 4.1 percent for the month.Core inflation, which ...
Senate, House approve Create bill
/ from February 03, 2021
BOTH the Senate and the House of Representatives on Wednesday, February 3, 2021, ratified the bicameral conference committee report on the proposed Corporate Recovery and Tax Incentives for Enterprises Act (Create).The final version of the bill, which amends provisions of the National Internal Revenue Code, will be forwarded to Malacañang ...
ePLDT recognized as Retail Partner of the Year
/ from February 03, 2021
ePLDT Inc., the ICT arm of PLDT Enterprise, recently received the Retail Partner of the Year Award from Fortinet, a global leader in broad, integrated and automated cybersecurity solutions, during its Year End Thanksgiving for Partners last month.ePLDT and Fortinet have cultivated a strategic partnership and currently continue to work ...
ePLDT honored with 2 major awards at Microsoft 2020 Partner Awards
/ from January 30, 2021
MANILA — ePLDT Inc., the country’s leading enabler of digital solutions in the Philippines, was given two significant awards at the recently concluded Microsoft Philippines Partner Awards and Appreciation Day, further fortifying its leadership in the local ICT space.For excellence in driving transformation with their own organization and in their ...
PH economy contracts 9.5% in 2020
/ from January 28, 2021
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 ...