SAN MIGUEL Food and Beverage, Inc. (SMFB) has named Monica L. Ang-Mercado as its new chief finance officer (CFO), effective Wednesday.Ms. Ang-Mercado is the daughter of tycoon Ramon S. Ang, chairman of SMFB’s parent company, San Miguel Corp. (SMC).She succeeds Ildefonso B. Alindogan as part
By Jan SysmansMOBILE BANKING is revolutionizing financial services in the Philippines, offering unmatched convenience and accessibility to millions of users. According to Statista, the banking market in the Philippines is projected to have reached a net interest income of $8.18 billion in 2024 amid a
AXA PHILIPPINES Life and General Insurance Corp. is aiming to double its premium income by 2028 as it looks to launch new products and form more partnerships.“We’re targeting to grow the AXA Philippines business to double until 2028. That was actually a plan from last
Last Tuesday, Feb. 4, the Counsel of Government-owned and -controlled corporations (GOCCs), Solomon M. Hermosura, went to the Supreme Court to defend the transfer by the Philippine Health Insurance Corp. (PhilHealth) of excess funds to the National Treasury — saying that it was lawful and
THE DEPARTMENT of Transportation (DoTr) announced on Wednesday the start of construction for the P16.93-billion New Cebu International Container Port, which is expected to be completed by the second quarter of 2028.“This redistribution will pave the way for a seamless flow of goods and services,
Inflation rates in the Philippines - BusinessWorld Online HEADLINE INFLATION remained steady in January as lower utility costs offset a spike in food prices, preliminary data
“Nexaro Unveils Next-Generation NR 1700 with Enhanced Efficiency and Versatility for Advanced Needs”
Wuppertal-based technology start-up Nexaro expands product range with new innovative vacuum robotWuppertal, February 5, 2025 – Nexaro, a technology start-up based in Wuppertal, has recently launched their newest product, the Nexaro NR 1700. This innovative vacuum robot is specifically designed for efficient cleaning of larger
The US Postal Service (USPS) has ceased accepting parcels from mainland China and Hong Kong “until further notice,” as fresh rules have shut a loophole allowing duty-free imports of low-value goods. The suspension comes amid rising tensions between the US and China, sparked by former President
Google has quietly abandoned its long-held promise not to use artificial intelligence for weaponry, declaring that “free countries” should be able to harness the technology for national security purposes. The policy shift emerged when two senior figures, James Manyika (Google-Alphabet’s senior vice-president) and Sir Demis Hassabis
Citigroup has confirmed it will press ahead with hybrid working for most of its global workforce, bucking a growing shift among Wall Street rivals towards five days a week in the office. The US banking giant’s chief executive, Jane Fraser, recently assured managing directors that Citi
The British Virgin Islands (BVI) face mounting criticism from Westminster over controversial plans to restrict transparency on corporate ownership, prompting accusations of a “shameful” effort to shield the jurisdiction’s role in money laundering and tax evasion. A newly released consultation paper, proposing to limit public access
Employees at Santander UK are braced for a new wave of redundancies, following a 38% drop in full-year profits and the bank’s decision to press ahead with cost-cutting measures. The British division was one of only two units within Madrid-based Banco Santander to report lower profits