Tag: International Container Terminal Services Inc.

Philippine manufacturers shifted into “retrenchment mode” in September, cutting jobs, purchases and inventories as weak demand, high oil prices and international competition pushed the sector back into contraction, S&P Global Market Intelligence said.

PH Resorts Group Holdings Inc. has permanently closed Donatela Resort & Sanctuary in Panglao, Bohol, as part of a broader restructuring with parent Udenna Corp. aimed at addressing legacy obligations.

A proposed tobacco-specific anti-illicit trade law could give Philippine authorities additional tools to pursue smaller shipments and target the machinery, raw materials and distribution networks used in illegal cigarette production, industry representatives said.

SM Hotels & Conventions Corp. (SMHCC) is expanding further into premium leisure with a Shangri-La-branded resort at Hamilo Coast, broadening its hospitality portfolio beyond city hotels, convention facilities and established leisure properties.