Tag: Editors' Picks

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Asia feels the sting of India’s onion export ban

Agriculture Context.ph Context.ph -
India's ban on the export of onions has driven up prices of the vegetable for Asian buyers, who are scrambling for cheaper alternatives, particularly as New Delhi is unlikely to lift the curbs before general elections next year.

Chinabank expands RippleNet partners with DeeMoney  

Banking & Insurance Context.ph Context.ph -
Chinabank has broadened its global remittance tie-ups to serve Filipinos anywhere in the world using the RippleNet platform.

First Gen secures third LNG tender

Energy & Mining Context.ph Context.ph -
First Gen Corp. has awarded Total Energies Gas and Power Asia Private Ltd. (TEGPA) a contract to supply one liquefied natural gas (LNG) cargo of approximately 154,500 cubic meters for delivery in early February next year.

NTC suspends SMNI broadcast privileges for 30 days

Transport & Logistics Context.ph Context.ph -
The National Telecommunications Commission (NTC) has issued an order suspending the operations of Sonshine Media Network International  (SMNI) for 30 days due to alleged violation of its franchise. 

NLEX taps BPI for P10 billion

Banking & Insurance Context.ph Context.ph -
NLEX Corp. has obtained a P10 billion term loan from the Bank of the Philippine Islands (BPI) to fund ongoing as well as future projects.
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Monsoon rains dampen 7-Eleven sales; company eyes long-term growth amid challenges 

Corporate 0
Philippine Seven Corp. (PSC), the operator of 7-Eleven convenience stores in the country, has reported a significant dip in sales, by as much as 20 percent, attributed to the incessant monsoon rains experienced over the past two weeks. Despite a strong performance up until July, bolstered by its annual "7-11 day" promotion, the company acknowledges the sensitivity of its sales to adverse weather conditions.

Habagat, TCs Luis & Maymay damage to agriculture sector reaches P1.42B

Agriculture 0
The Department of Agriculture (DA) reported a P1.42 billion damage to the agriculture sector due to the enhanced southwest monsoon (Habagat) and Tropical Cyclones Luis and Maymay, as of August 17. This figure rose from P1.03 billion earlier that day.

BPI eliminates corporate PESONet fees via BizLink to drive business efficiency

Banking & Insurance 0
To boost business operations and lower digital transaction hurdles across the country, the Bank of the Philippine Islands (BPI) has waived all PESONet transfer fees for payments processed through the Pay Non-BPI disbursement feature on its corporate platform, BPI BizLink.

TD SYNNEX expands IBM distribution footprint across Asia Pacific, Europe and Latin America

Communications & Technology 0
Tech Data, a TD SYNNEX company and leading global IT solutions distributor, has announced the expansion of its IBM distribution network. The initiative covers 20 new markets across Asia Pacific, Europe, and Latin America. In the Asia Pacific region, the expansion adds six new markets – Hong Kong, Macau, Malaysia (operating under the Tech Data brand there), Indonesia, Cambodia, and the Philippines. This builds on the company’s existing IBM operations in Australia, India, Singapore, and Vietnam, bringing the total number of APJ markets supported to ten.

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