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Farm group seeks RCEF benefits extension, repurposed NFA

Agriculture Context.ph Context.ph -
The Philippine Chamber of Agriculture and Food Inc. (PCAFI) urges government to amend the Rice Tariffication Law (RTL) and extend the life of the Rice Competitiveness Enhancement Fund (RCEF) past the five years dictated by legislation.

MPTC eyes raising P45 billion from syndicate of banks

Banking & Insurance Context.ph Context.ph -
Metro Pacific Tollways Corp. (MPTC) is in negotiations with a syndicate of local and foreign banks to raise at least P45 billion as part of a larger plan to reduce its debt. 

Bataan-Cavite Interlink Bridge set to begin next year

Transport & Logistics Context.ph Context.ph -
The Department of Public Works and Highways (DPWH) expects to start the construction of the Bataan-Cavite Interlink Bridge (BCIB) project by 2024.

DA wants to boost coconut industry productivity to benefit millions of farmers

Agriculture Context.ph Context.ph -
The Department of Agriculture (DA) is looking at massive coconut planting and replanting to boost production of a sector that accounts for more than a third of the country’s agricultural exports and source of livelihood for millions of Filipinos.

China’s fast-fashion retailer Shein files for US IPO – sources

Corporate Reuters Reuters -
China-founded fashion company Shein has confidentially filed to go public in the United States, two sources familiar with the matter told Reuters on Monday.
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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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