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SM Hotels and Conventions Corporation (SMHCC) is ramping up efforts to position the Philippines as a stronger player in the global meetings, incentives, conferences, and exhibitions (MICE) market, anchored on the upcoming launch of SMX Convention Center Seaside Cebu.

Alsons Consolidated Resources (ACR) posted strong revenue growth last year, buoyed by rising electricity demand, expanded retail supply operations, and the contribution of a new power plant, even as earnings were weighed down by asset impairments.

Vivant Corp. posted double-digit earnings growth last year on the back of strong power generation and early gains from its expanding water business, even as softer energy volumes and higher costs tempered momentum.

Telecommunications company Globe Telecom assured customers that its services will remain stable following the government’s declaration of a State of National Energy Emergency.

The Philippine packaging industry is expected to face higher costs as the ongoing conflict involving Iran pushes up global oil prices and disrupts supply chains. These challenges could also lead to more expensive consumer goods.