Socioeconomic Planning Secretary Karl Kendrick T. Chua said that the Rice Tariffication Law (RTL) is the best model that we have to help both farmers and consumers. Chua said that contrary to the claims of some critics of the reform, the increase in importation did not hurt local rice production. #In60words

The Bangko Sentral ng Pilipinas (BSP) on Tuesday lauded the issuance by President Rodrigo Duterte of Executive Order (EO) No. 170 on the Adoption of Digital Payments for Government Disbursements and Collections. Governor Benjamin E. Diokno said the EO will expedite transactions, generate savings for the government and the public. #In60words...

The Philippine Stock Exchange, Inc. (PSE) has given the signal for VistaREIT, Inc. to conduct its initial public offering (IPO). The Villar-backed real estate investment trust (REIT) firm will hold its maiden share sale from May 30 to June 3, 2022.

The Poging Driver App toktok continues to break records as it bags the coveted Best Fast Growing Delivery Courier Franchise Business-National Awards. The recognition is conferred by the Philippines Best Companies.Com Inc., Sinag News Magazine, Sining at Gabay ng Buhay (SINAG) Foundation Inc., National Data Research Examiner, and Marketing Services (NADREMS) Inc. #In60words...

Shakeys Pizza Asia Ventures Inc. posted upbeat results for the first quarter of 2022 as the continued easing of mobility restrictions brought back more customers to its restaurants. In a statement, Shakeys said its system-wide sales hit double-digit growth while net income increased by 2.7x versus the same period last year. #In60words

The Philippine economy registered a forecast-beating growth in the first quarter after showing resilience in the face of Omicron surge. The economy grew by 8.3 percent year-on-year in the first quarter of 2022, the Philippine Statistics Authority reported Thursday. That was a reversal from the 3.8 percent contraction in the same period last year. #In60words...

International Container Terminal Services, Inc. (ICTSI) has invested more than P900 million in information technology (IT) for its flagship Manila International Container Terminal (MICT) in the last 10 years. Setting the stage for future technology and digital service deployments at MICT, ICTSI said it partnered with PLDT the previous year to roll 5G at the terminal. #In60words...

Security Bank Corporation has announced its commitment to end funding for coal-fired power projects in the country by 2033. In a statement, Security Bank said this aligns with the Philippine governments pledge during the 2021 United Nations Climate Change Conference of the Parties (COP26). #in60words

Siomai King has more than 1000 branches nationwide and still counting. It is the trailblazer company that gave us the first offering of 5 pieces of siomai in one serving. Every bite is guaranteed with good taste and no extenders, which genuinely value your money.

Finance Secretary Carlos Dominguez III said the fast and sure strategy adopted by the Philippines and Japan in processing the loan agreements and grants for infrastructure projects is a precedent-setting approach that can become a model for other countries to follow. Dominguez thanked Hiroto Izumi, the former Special Advisor to the Japanese Prime Minister, for initiating this strategy. #In60words...

Integrated energy company Semirara Mining and Power Corporation (SMPC) announced Monday it has completed its backfilling operations in Panian. The Panian facility was once the largest open-pit mine in the Philippines.#In60words

Snack-maker Universal Robina Corp. reported double-digit growth in the first quarter after its business units delivered good financial results. #In60words