Shares of Meta Platforms jumped about 3 percent Monday as investors bet that the reported potential job cuts could help offset the technology company's artificial intelligence spending. The stock of the company that owns Facebook, Instagram, WhatsApp and Threads closed 2.3 percent higher at USD627.45.
When Christina Garcia Frasco left the helm of the Department of Tourism, it wasn’t quite a farewell tour—more like a change in itinerary. Now appointed Presidential Adviser for Sustainable and Resilient Communities by President Ferdinand R. Marcos Jr., the former tourism chief is swapping travel brochures for the less glamorous but arguably more urgent business of resilience policy.
Metropolitan Bank & Trust Co., the country’s second largest lender by assets, has launched an offering of peso-denominated sustainability bonds, seeking to raise at least P5 billion as the bank deepens its funding base while riding growing investor demand for environmental, social and governance (ESG) assets.
The local bottler of Pepsi said a two-year digital transformation program is beginning to improve service, expand reach over a throng of neighborhood retailers more known as sari-sari stores, and support a goal of revenue growth exceeding the Philippines’ expected GDP expansion this year.
A proposed measure in the House of Representatives of the Philippines could temporarily ease the country’s biofuel blending mandate as lawmakers look for tools to stabilize pump prices during periods of oil market turbulence.
BDO Unibank and 2GO Group have renewed their partnership to help overseas Filipinos stay connected with their families through discounted shipping and travel services.
Pepsi-Cola Products Philippines, Inc. and Filipino restaurant brand Guevarra’s have renewed their supply partnership, extending a relationship that has spanned more than a decade.
Telecommunications company Globe Telecom has completed its first live pilot test of a satellite-to-mobile service in partnership with Starlink, aiming to expand mobile connectivity to areas without traditional cell towers.