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Fruitas buys cloud kitchen equipment from Foodpanda

Fruitas Holdings Inc., a listed food and beverage company, said Tuesday it purchased from Foodpanda cloud kitchen equipment for its wholly-owned subsidiary Fly Kitchen...

Fed policymakers see rates staying high for ‘some time’

U.S. Federal Reserve officials say that monetary policy will need to stay restrictive for "some time" to bring inflation back down to the Fed's 2 percent target, but their unity around that phrase masks an ongoing debate over another possible rate hike this year.

RCBC’s credit card issuance reaches 1-million mark

The Rizal Commercial Banking Corp. (RCBC) has breached the one-million benchmark in terms of credit cards-in-force.

Rural lender cited for outstanding performance in microfinance space

One bank stands out in the microfinance space in the Philippines, one that helped turn the lives of its micro, small and medium enterprise (MSME) borrowers living ordinary lives into productive entrepreneurs and employers helping spread the benefits of economic expansion, according to the prestigious publication Asiamoney.

NGCP looking into power line disruptions over the weekend

The National Grid Corporation of the Philippines (NGCP) said Monday it is looking into the root cause of the grid disturbance Sunday night that caused power interruptions across the Luzon grid.

Just in

Meralco strengthens earthquake readiness via full-scale drills

When the ground shakes, readiness cannot remain on paper. For Manila Electric Co. (Meralco), preparedness means putting plans, people, technology, and partnerships through their paces—before a real emergency does.

Philippines export streak hits 35-year high momentum

The Philippines’ export boom is showing signs of staying power, with merchandise shipments climbing 27.8 percent in August to USD9.11 billion—the highest monthly level in 35 years, the Department of Trade and Industry said.

SMPC rightsizes workforce; seawater inflows curb Acacia mine operations

Semirara Mining and Power Corporation (SMPC) is adjusting its workforce as persistent and rising seawater ingress restricts activity at its Acacia mine, with flows now overwhelming existing pumping capacity.

Blu Girls’ Asian Games medal wait continues

The Philippine Blu Girls will have to wait a little longer for their first Asian Games softball medal after Chinese Taipei turned Saturday's bronze-medal match into a three-inning rout.
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