Author: BusinessNews.ph

Globe has teamed up with the United Nations World Food Programme (WFP) to extend the reach of the Hapag Movement to international donors, launching this collaboration on World Hunger Day to highlight the ongoing hunger issue in the Philippines. Building on the positive momentum of the Hapag Movement over the past two years, this significant partnership elevates the initiative to the global stage, enabling Globe to garner support from individuals and organizations beyond the country’s borders. The collaboration aims to broaden the donor base for the Hapag Movement and enhance its impact. Since its inception in 2022, the Hapag Movement…

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Food industry executive Felix O. Tiukinhoy Jr. shared insightful business ideas with an enthusiastic crowd of professionals, entrepreneurs and aspiring leaders at the Asian Institute of Management (AIM) Davao Roadshow. The event was held at the TED Library of the Philippine Women’s College of Davao on May 17, 2024. Tiukinhoy, MBM ’76, chairman of the Alumni Association of AIM Inc., is among the accomplished alumni of the prestigious business school who graced the LEAD, INSPIRE, TRANSFORM roadshow. The event sparked a passion for leadership and innovation. Tiukinhoy is the chairman and president of Virginia Foods Inc. and president of the…

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Philippine Airlines (PAL) becomes the first Asian airline to adopt SkyBreathe® OnBoard to increase fuel savings live from the flight deck. The country flag carrier has announced its partnership with OpenAirlines, the leading provider of fuel management solutions for airlines to integrate SkyBreathe® OnBoard into its operations. This collaboration marks a significant step forward in the airline’s commitment to environmental responsibility and operational efficiency. SkyBreathe® OnBoard is a user-friendly digital solution that uses advanced algorithms based on the world’s largest fuel-efficiency database and real-time data to provide live assistance on fuel-saving initiatives in the cockpit. The solution is part of…

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Globe Telecom Inc. announced its financial and operating results for the first quarter of 2024, highlighting robust performance across key metrics. Revenues reached P41.1 billion, a 3% increase year-on-year (YoY). The company achieved a record EBITDA of P21.4 billion, up 4% YoY, with an EBITDA margin of 52%. Normalized and core net income after tax (NIAT) both rose by 13% YoY to P5.8 billion. Globe’s fintech arm, Mynt, now contributes 11% to the company’s net income before tax. The mobile business reported revenues of P29.1 billion, an 8% YoY increase, driven by mobile data revenues of P23.8 billion, up 10%…

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CEBU, Philippines — Filipino Homes, a leading real estate solutions firm, announced the expansion of its Global Partners program to seven new countries following a successful launch in Dubai. The program will now extend to Bangkok, the United Arab Emirates, Japan, Singapore, Malaysia, the United States, and Europe. Anthony Gerard O. Leuterio, founder and CEO of Filipino Homes, emphasized the program’s role in providing Overseas Filipino Workers (OFWs) with reliable property investment information and assistance through the Filipino Homes Group of companies. The expansion aims to protect OFWs from real estate scams prevalent in overseas transactions. “Global Partners is essentially…

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PANGLAO, Bohol — The local government of Panglao has ordered the immediate closure of Villa Tomasa Q, a popular resort on the island, for allegedly operating without a valid business permit. The resort, formerly known as Alona Kew White Beach Resort, received a closure order after failing to renew its business permit for 2024, despite receiving a notice over 10 days ago from the Business Permit Licensing Office of Panglao. “Based on the foregoing factual setting, you cannot anymore blame us for not giving you the right to due process, if the LGU Panglao through the undersigned Chief Executive will…

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Vértere Global Solutions, Inc., a Manila-based IT staffing firm, announced its expansion into the Cebu market as part of its strategy to tap into the region’s growing demand for skilled IT professionals. The expansion includes Vértere and its direct placement arm, A7 Recruitment Corporation (ARC), offering a suite of services including IT consulting, staff augmentation, and managed services. Jocelyn “Jo” Cariaga, President of Vértere, cited Cebu’s strategic position in the Visayas as a key factor in the decision, positioning the company to better serve and expand its client base across the Philippines. “Expanding into Cebu allows us to capitalize on…

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METRO MANILA – Here is the 6/45 Megalotto Result Today April 5, 2024 based on the official 9PM draw of the Philippine Charity Sweepstakes Office (PCSO). Check your tickets here for the winning number combination. You could be the next millionaire! Megalotto 6/45 give players three chances per week to become MILLIONAIRE! Every MONDAY, WEDNESDAY and FRIDAY. 6/45 Megalotto result for today, April 5, 2024: [ Result: 03-32-18-10-11-04  ] To win the Jackpot, you must match all 6 numbers in any order. The Initial Jackpot Prize (IJP) for Megalotto 6/45 is P8,910,000.00 (net of agent’s prize commission). If no one wins…

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The Federation of Associations of Private School Administrators (FAPSA) is gearing up for its 26th annual National Convergence on April 4 and 5, 2024, at the Waterfront Cebu City Hotel. This year’s event, themed “Strengthening the Synergistic Partnerships Among Small and Medium-Sized Private Schools,” aims to unite these institutions to collectively address their concerns to the government. FAPSA President Dr. Reynaldo Chua Jr. emphasized the significance of collaboration among small and medium-sized private schools to voice their challenges and needs to the government effectively. The convergence is expected to feature discussions on the latest educational updates, sharing of best practices,…

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In an effort to rally its leaders around a unified mission, XFM Broadcasting Network, Inc. organized its inaugural Top Level Management Conference at the BE GRAND Resort in Panglao, Bohol. Themed “Tuning in to Success,” the conference brought together managers from over 40 radio stations across the Philippines, underscoring the importance of collaboration and teamwork. Dr. Remelito Uy, CEO of XFM Broadcasting Network, accompanied by Vice-President Mdm Olivine, his wife, delivered a stirring message to the attendees. Dr. Uy emphasized the network’s ambitious mission: to significantly expand its audience across the Philippines through both broadcast and other media platforms. The…

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