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Aboitiz Power eyes expanding renewables portfolio with P50B capex for 2024

Energy & Mining Context.ph Context.ph -
Aboitiz Power Corp. has set aside as much as P50 billion for next year as capital expenditures.

Metrobank market maker three years in series

Banking & Insurance Context.ph Context.ph -
Metropolitan Bank & Trust Co. (Metrobank) is recognized by the Bureau of the Treasury (BTr) as Top Market Maker for Government Securities Eligible Dealers (GSED) for 2024 during the celebration of its 126th anniversary. The bank snags the title for the third consecutive time and for helping government in its financing requirements and enhancing Filipinos’ access to investment opportunities.

Agri chief says actions taken to assure supply, affordable prices of rice, sugar, onions

Agriculture Context.ph Context.ph -
Agriculture Secretary Francisco Tiu Laurel, Jr. assured lawmakers that his agency is closely watching the market and is taking steps to assure sufficient supply of food items at affordable prices, particularly rice, sugar, and onions.

Shell Pilipinas all revved up for EV charging opportunities

Energy & Mining Context.ph Context.ph -
Shell Pilipinas Corp. has secured stockholder approval to engage in the business of electric vehicle (EV) charging.

AREIT to acquire 276-hectare Zambales property via share-for-asset swap

Corporate Context.ph Context.ph -
AREIT Inc., the listed real estate arm of the Ayala Group, said Wednesday it will acquire a 276-hectare property in Zambales from Buendia Christiana Holdings Corp., a wholly owned subsidiary of ACEN Corp., via property-for-share swap valued at P6.77 billion.
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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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