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Kaneko expanding medical instrument manufacturing in Philippines

To bolster the Philippines' position in the global medical device and pharmaceutical industry, Kaneko Medical Philippine Inc. has inked a Supplemental Agreement (SA) with the...

PAL nets P10.22B in 2024

Philippine Airlines (PAL) reported that its net income in 2024 reached USD 151.1M (PHP 10.22B), achieving a 5 percent net margin that outpaced the...

Rice farmers ask Tariff Commission to restore 35% rice tariff

Farmers are supporting a petition pending at the Tariff Commission seeking to revert the most favored nation (MFN) import tariff on rice to 35...

$20-M pharma ecozone rising in Tarlac to house pioneering medicine production 

Zen Industrial Pharma Ecozone (ZIPZ) with initial investments of US$20 million, approximately PhP1.4 billion, is rising in Luisita, Tarlac to host the Philippines’ first...

Toyota builds first of its kind service center in Misamis Occidental

Toyota Motor Philippines (TMP), in partnership with Toyota Iligan City Inc. of the Toyota Cagayan de Oro Inc. group has officially begun the development...

Cebu Pacific 2024 revenue grows 16% to PhP104.9 B as passengers reach record level

Cebu Pacific (CEB), the country's largest budget airline, finished 2024 strongly, generating total revenues of PhP104.9 billion, a 16 percent increase from last year....

Monde Nissin reports FY 2024 core net income rises 28.6% to Php9.8 B

Monde Nissin Corporation reported that its core net income for fiscal year 2024 rose by 28.6 percent year on year to PhP9.8 billion. The growth...

Razon, Ang urge action vs fake online ads

Enrique K. Razon Jr., chairman of International Container Terminal Services, Inc. (ICTSI), and Ramon S. Ang, chairman and CEO of San Miguel Corp. (SMC),...

Globe forges JV with NCSI, Yondu

Globe Telecom, Inc. (PSE: GLO), the telecommunications arm of the Ayala Group, announced that, with the cooperation  of NCS Pte. Ltd. (NCS), it entered...

What ails the Philippines’ semiconductor/electronics industry?

Tereso O. Panga, director general of the Philippine Economic Zone Authority (PEZA), said the country’s semiconductor and electronics industry faces numerous challenges. However, he...

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