The online retailing platform Lazada recently turned 13 and Context.ph sat down with Alvin Ching who heads its Philippine selling operations. This interview is conducted against a background of consumption activities across the country averaging P2.48 trillion from 2000 until 2024, based on data from the Philippine Statistics Authority. Consumption hit a record high of P4.62 trillion in the fourth quarter last year alone, based on the same data set.
First Philippine Holdings Corporation (FPH) has committed to participating in the Department of Environment and Natural Resources (DENR) "Forests for Life" program, which aims to plant 10 million trees over the next three years.
In the aftermath of a devastating earthquake that struck Myanmar, Thailand, and Vietnam on Friday, Globe Telecom is offering free roaming services to help Filipinos in these regions stay connected with their families and access vital services.
Agriculture Secretary Francisco P. Tiu Laurel Jr. recently led the inauguration of the Rosales Agricultural Trading Center, a P60-million project aimed at enhancing the profitability of farmers and agricultural cooperatives, helping them transform into trade-focused, empowered individuals.
Myanmar reported that the devastating 7.7 magnitude earthquake struck its second-largest city, Mandalay, on Friday killed at least 144 people and injured 732 more. A 6.4 magnitude aftershock also caused further damage to buildings and infrastructure. Myanmar's ruling junta welcomed international assistance to help hasten recovery from the disaster. In neighboring Thailand, a state of emergency was declared, and Bangkok was designated as a disaster area. Thai authorities confirmed that eight people were killed by the earthquake, with one of the most horrifying images being the collapse of a high-rise building still under construction.
The impressive run of Alex Eala at the Prudential Hong Kong Open ended with a painful thud on Sunday, as a troublesome right leg proved a bigger opponent than she could handle in the championship match.
Filipino households and businesses can look forward to significant relief at the pumps this week, with a major downward adjustment in fuel costs forecast following five consecutive weeks of mixed price trends.
Chemical maker D and L Industries Inc. is more hopeful about next year following the US midterm elections, which have raised hopes for an end to the Iran conflict, lower oil prices and a stronger peso. President Alvin Lao cited these as clear positives, though he warned that damaged supply chains, a severe El Niño and domestic political tensions remain key concerns.
AyalaLand Logistics Holdings Corp. (ALLHC) sharply improved its earnings in the third quarter, with net income of P62 million helping narrow its nine-month profit decline to 9 percent as industrial lot sales gained traction and cold storage operations expanded.