Philippine steel industry targets P1T output by 2040
The Philippine steel industry is targeting P1 trillion in finished steel production and 86 percent self-sufficiency by 2040 under a new industry roadmap designed to strengthen domestic manufacturing and reduce the country’s reliance on imports.
BPI AIA names Melissa Henson as new CEO
BPI AIA Life Assurance Corp. has appointed Melissa Henson as its new chief executive officer, putting an executive with nearly two decades of banking and insurance experience at the helm as the bancassurance company enters its next phase of growth.
COA auditor flags questionable confidential fund receipts
Commission on Audit auditor Xylene Mae del Campo testified on the 14th day of Vice President Sara Duterte’s impeachment trial that samples of thousands of acknowledgment receipts for varying amounts from the Office of the Vice President and Department of Education’s confidential funds carried similar dates but were signed by different recipients and in different locations across the country. Del Campo also said DepEd disbursements were not made by an authorized officer. She said COA issued an audit observations memorandum and a notice of disallowance covering the questioned transactions, although the findings remain under appeal. Her testimony put fresh scrutiny on the paper trail behind the confidential funds.
ASEAN data breach costs hit record $4.12M
Organizations across ASEAN faced an average USD4.12 million cost per data breach in 2026, the highest level recorded, as cyberattacks become more sophisticated and...
ICTSI’s Rio terminal expands domestic shipping links with new Norcoast service
RIO DE JANEIRO — Rio Brasil Terminal (RBT), the Brazilian port unit of International Container Terminal Services Inc. (ICTSI), has increased its domestic shipping connections with the start of regular calls by Norcoast at the Port of Rio de Janeiro.
