Business

Alliance Global Group Inc. (AGI), the holding company of tycoon Dr. Andrew L. Tan, is embarking on another heavy capital spending this year as part of its commitment to sustain its recent growth pace.The conglomerate is allocating capital expenditure (CAPEX) this year of P75-billion, an increase of 19 percent from its actual spend of P63-billion in 2023. The budget also reflects an eight-year high since the P77-billion capital investments in 2016, a press release from AGI said.AGI’s planned capital spending is aimed at ensuring its premier positioning across its diversified business segments, affirming AGI’s position as the country’s premium lifestyle conglomerate, it said.“AGI remains steadfast and dedicated to driving growth across all its business segments, mindful of its go...

San Miguel Brewery Inc. (SMB) continues to celebrate life’s moments with its lineup of beverage offerings. To serve up even more excitement through its best tasting brews, SMB ups the ante with every bottle by offering high stakes prizes and plenty of giveaways under its crowns, a press release from the firm said  Tuesday, July 16. Back by popular demand, SMB is set to roll out another thrilling under-the-crown promo, this time with bigger and better prizes up for grabs. Starting this July, the country’s top beer producer takes drinkers on a ride of a lifetime with its San Miguel Beer Tansankatutak Panalo under-the-crown promo. Drinking San Miguel Beer has never been more enjoyable with up to P100 million worth of prizes to be won including Toyota Zenix Hybrid Electr...

Globe has observed a significant decline in blocked spam SMS messages in the second quarter of 2024 compared to the same period last year, revealing a noticeable shift of illegal activities to other channels as scammers adapt to circumvent anti-fraud measures. In the second quarter of 2024, Globe intercepted a total of 235,998,731 spam SMS messages, a substantial drop from the 1,104,502,921 messages blocked in the same quarter of 2023. This is a substantial 79 percent year-on-year (YOY) decline, a press release from the firm said.  So far blocked spam SMS messages in 2024 have been declining, with a 35 percent  decrease from 362,773,894 messages blocked in the first quarter of 2024 compared to the year’s second quarter. Further supporting this trend, th...

SM Supermalls Assistant Vice President Royston Cabunag, SM Supermalls Vice President Junias Eusebio, SM Supermalls President Steven Tan, DTI Secretary Fred Pascual, DTI Undersecretary Ma. Cristina Roque, and DTI Bureau of Market Development, Promotions and One Town, One Product Philippines (OTOP) Director Marievic Bonoan (l-r)*  To support micro, small and medium enterprises (MSMEs) resilience and market reach, the Department of Trade and Industry (DTI) and SM Prime Holdings Inc. entered into a memorandum of agreement on Monday, July ,1 to promote the One Town One Product (OTOP) program. “We are building a more robust and more resilient business landscape by equipping MSMEs with disaster preparedness knowledge and tools. Aligned with one of our strategic priorities, we are ele...

Oscar Reyes Jr., Paul Albano, Fatima Javellana, Mark Ilao, Michelle Fernandez, Pebbles Sy, Neil Trinidad, Martha Sazon, Winsley Bangit, CJ Alegre, Alex Dizon, Den Ramos and Sarah Venturina (l-r)*GCash, the Philippines' leader in digital financial services, unveiled groundbreaking innovations at this year’s GCash Futurecast, revolutionizing the country's fintech landscape and elevating consumer experience.  Martha Sazon, President and CEO of GCash, shared, “Today, you can expect innovations that will “Change the Game”. But, the real game-changer is how we can make a meaningful impact on Filipino lives.” She adds, “to innovate not only to provide access, but to be their partner towards better Financial Health and Wellness.” State-of-the-Art Security  G...

The country's leading finance app, GCash, in partnership with the Cybercrime Investigation and Coordinating Center (CICC), is warning users against channels on popular social media platforms claiming to be affiliated with the app.  These pages or groups would usually post suspicious links through fake profiles that engage as followers to secure personal information that they use to scam others, often resulting in account takeover or loss of hard-earned money, a press release from GCash said on Monday, June 24. Many of these fraudulent accounts promote gambling or gaming opportunities with suspicious names like “GCash88 Media”, “GCash Update,"  and other deceptive names that make them seem like they are affiliated with GCash, it said. “We always advise t...