SM Prime wins big for climate-smart resilience
SM Prime Holdings Inc. (SM Prime) reinforced its push for climate resilience at the United Nations Office for Disaster Risk Reduction’s Women International Network for Disaster Risk Reduction (WIN DRR) Excellence Awards held in Bangkok on Nov. 25.
BSP honors fin-ed champions, expands digital initiatives
The Bangko Sentral ng Pilipinas (BSP) recognized the country’s top financial education advocates and formalized a new digitalization partnership with the Department of Information and Communications Technology (DICT) during the Financial Education Stakeholders’ Congress held on 17–18 November at the BSP head office in Manila.
Factory activity slowed in November
The S&P Global Manufacturing PMI, a lead indicator that tells on key metrics such as output growth and inflation, dropped to 47.4 from 50.1 in October. Anything below 50 means the sector is shrinking. This also marks the biggest decline since August 2021.
Aboitiz Power says unit SNAP disputing compliance penalty
Aboitiz Power Corporation disclosed that its joint venture, SN Aboitiz Power-Magat, Inc. (SNAP Magat), is contesting a penalty issued by the Enforcement and Compliance Office of the Philippine Electricity Market Corp over alleged dispatch-schedule violations last June.
Hotel101 eyes EUR85.8M revenue from Milan project
Hotel101 Global Holdings Corp. has locked in a joint venture to build a roughly 429-room Hotel101 in San Donato Milanese, the Nasdaq-listed hospitality platform’s boldest push yet into Europe.
