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VICT secures long-term enterprise agreement with Aussie unions

Victoria International Container Terminal (VICT), the Australian subsidiary of International Container Terminal Services, Inc. (ICTSI), has signed a comprehensive enterprise agreement with local unions, securing labor conditions across its operations until March 2029.

Cebu Pacific adds direct Cebu–El Nido Flights, expands domestic reach

Cebu Pacific will launch daily direct flights between Cebu and El Nido beginning 26 October, further strengthening its domestic network and enhancing inter-island connectivity in the Philippines.

SMC, Quezon City in pact expanding flood control, river rehab efforts

San Miguel Corp. (SMC) has formalized a partnership with the Quezon City government in a newly signed memorandum of agreement (MOA) to scale up flood control and river rehabilitation efforts under its Better Rivers PH program.

Sinar Mas and First Gen form strategic geothermal alliance

PT DSSR Daya Mas Sakti (DSSR), a subsidiary of PT Dian Swastatika Sentosa Tbk (DSSA) under Indonesia’s Sinar Mas Group, has entered into a joint venture agreement with PT FirstGen Geothermal Indonesia, a subsidiary of the Philippines-based Energy Development Corporation (EDC), part of First Gen Corporation. 

Cityland, LAND merger approved to form P3.8B firm

Cityland Development Corp. (CDC) said Tuesday that its board has approved a proposed merger with its subsidiary, City & Land Developers Inc. (LAND), with CDC as the surviving entity, subject to shareholder and regulatory approvals.

Just in

Subic EnerZone upgrading grid as Freeport demand rises

Subic EnerZone Corp., the AboitizPower-led electricity distributor at the Subic Bay Freeport Zone, is preparing network upgrades to accommodate rising power demand as the economic hub expands, following a 25-year extension of its partnership with the Subic Bay Metropolitan Authority (SBMA).

DA urges OFWs to explore agribusiness as extra or long-term income 

The Department of Agriculture encourages overseas Filipino workers (OFW) to look into agribusiness as a practical alternative source of income and sustainable livelihood for when they come back home to the Philippines.

Marcos vows to defend peso as oil-driven inflation pressures economy

President Ferdinand Marcos Jr. has vowed to use the government’s available foreign exchange reserves and policy tools to defend the peso against further depreciation, while acknowledging that surging oil prices and supply-side constraints continue to fuel inflation.

Palawan Group, RFC widen loan access via new partnerships

The Palawan Group of Companies (PGC) and Radiowealth Finance Company (RFC) are expanding their partnership to simplify loan disbursements and repayments, combining branch-based services with digital payments to reach more Filipino borrowers.
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