Business

Senate Majority Leader Juan Miguel Zubiri is calling on the Sugar Regulatory Administration not to push through with a new importation program supposedly proposed by the administration, after already receiving two injunctions for Sugar Order No. 3 in February.“Our local sugar farmers are again approaching our office, deeply concerned over talks of a new SRA proposal that would green light the importation of 350,000 metric tons of sugar into the country,” Zubiri said in a press release Thursday, April 7.“Our courts have already landed on the side of our sugar farmers last February, so it’s disheartening that we are having the same conversation about importation again”, he said.“Lest the SRA will be accused of this being a midnight deal bereft of propriety and due process. They s...

Cebu Pacific announces changes to its checked baggage policy, in line with the airline’s goal to improve its processes for a more efficient and seamless customer experience.The per piece baggage allowance for all new bookings started Wednesday, April 6. When booking flights, passengers have the option to purchase either a 20kg or a 32kg – both equivalent to only one piece of check-in luggage. A maximum of two options can be purchased per traveler, now enabling every Juan to carry up to 64 kg worth of bags from the previous 40 kg limit, a press release from CEB said.“We have been continuously reviewing our processes to ensure we are able to provide the best customer experience for everyJuan while remaining at par with our global counterparts. This new rule makes the process simpler ...

MREIT, the REIT vehicle of township developer Megaworld, is set to acquire four prime, grade A, office properties in PEZA-accredited zones with a total value of P5.3-billion, ramping up the company’s portfolio value to P65-billion. This only makes up the initial tranche of the company’s P20-billion property for shares acquisition plan for 2022.The new acquisitions will have a total gross leasable area of 44,567 square meters, which will increase the company’s asset portfolio by 16% to 325,000 square meters GLA from the current portfolio of 280,000 square meters.The property infusions include Festive Walk 1B and Two Global Center in Iloilo Business Park, and One West Campus and Five West Campus in McKinley West, Taguig City.“This will be the first time that we infuse office asse...

Bacolod Mayor Evelio Leonardia visited the Libertad Market to check on the progress of the P58 million improvement work, funded by the national and local governments, on Saturday, April 2.Contractors told the mayor that completion of the improvement work is expected sometime in July or August 2022, a press release from the Bacolod City Public Information Office said Sunday, April 3.The mayor was briefed by Supreme ABF Construction and Construction Supply, and the TMTC Construction Supply Corporation during the ocular inspection of the ongoing P50 million renovation projects coming from the Local Government Support Fund (LGDF).The LGSF appropriation for the Libertad Market is part of the P150 million granted by the national government through the Department of Budget and Managem...

The Public Relations Society of the Philippines (PRSP) recently feted Globe Business, the enterprise arm of Globe, with its first gold plus two silver awards at the much-coveted 57th Anvil Awards.Globe Business proved its excellence by bagging the Gold Anvil Award for Public Relations Tools: Multimedia / Digital Tool - Online Video for “Project Colbert Clockwork Webisodes.” Clockwork is a Globe Business platform that hosts a series of thought leadership interviews aired via YouTube. The topics discussed in Clockwork range from personal and professional insights to business trends and industry best practices.With a market exhausted from traditional ways of conducting webinars, Globe Business sought to stand out and engage its audience. Through Clockwork, It inspired viewer...