The Dynamic Transformation of Business and Many More to Shift with the Change in Power in the United Kingdom
The news of the unfortunate but peaceful passing away of England’s Queen is leading to a tide of geopolitical changes. From the business community and global citizens to people in authority, everyone is eagerly waiting for the succeeding King’s speech and brainstorming about the possible effects. Amongst the various sectors, an important change will be…
Read MoreSPNEC says P2.8-B stock rights offering fully subscribed
SOLAR Philippines Nueva Ecija Corp. (SPNEC) announced on Thursday that its P2.81-billion stock rights offering (SRO) was fully subscribed. “The SRO was fully subscribed by [the company’s] public shareholders in its first round and second round,” SPNEC said in a statement. The company’s SRO consists of the issuance of 1.88 billion shares priced at P1.50…
Read MoreSojitz opens 33rd local dealership
THE local distributor of Geely vehicles opened a new dealership in Palawan on Thursday as part of its expansion efforts. Sojitz G Auto Philippines Corp. (SGAP), Geely’s authorized distributor in the Philippines, said the inauguration of Geely Palawan marked its 33rd dealership nationwide. The 1,113-square-meter facility features four to six unit-car displays and six service bays.…
Read MoreHow many days a Filipino needs to work to buy the latest iPhone
An average Filipino worker needs to work for 90.9 days — assuming that all the money earned is saved — to buy the latest iPhone 14 Pro, according to the latest iPhone Index by research firm Picodi.com. Out of 46 countries included in the index, the Philippines ranked second…
Read MoreICTSI Subic deploys more equipment to boost productivity
LISTED port operator International Container Terminal Services, Inc. (ICTSI) announced on Wednesday that its Subic Bay International Terminal Corp. (SBITC) is deploying more equipment to boost its landside operations. SBITC is now deploying additional rubber-tired gantries (RTGs) to improve its productivity, in line with the growth prospects of North and Central Luzon, ICTSI said in…
Read MoreInhale Your Shots– World’s First Needle-Free Covid-19 Vaccine Approved
CanSino Biologics Inc. of Tianjin has introduced the world’s first needle-free, inhaled Covid-19 vaccine. This caused the company’s shares to rise as much as 14.5% on Monday morning in Hong Kong. CanSino announced in a statement to the Hong Kong Stock Exchange that China’s National Medical Products Administration has licensed its Ad5-nCoV vaccine for use…
Read MoreFire bureau questioned on fees
THE BUREAU of Fire Protection (BFP) has failed to release local governments’ share in fire inspection fees worth P300 million as mandated by law, a lawmaker said on Monday. Party-list Rep. Bernadette Herrera-Dy asked bureau officials to submit a breakdown of the fees to the committee on appropriations. The Fire Code of the Philippines mandates…
Read MoreMicron Announces a $15 billion Project in Idaho as Part of the CHIPS Act
Only a few weeks after Congress approved $52 billion in additional funding to increase domestic chip manufacturing, Micron announced that it will invest $15 billion to construct a new semiconductor plant in Idaho. The CHIPS and Science Act, which the Biden administration just authorised, has been the target of a number of multibillion-dollar proposals, the…
Read MoreSnapchat to Lay Off 20% Workforce, Reveals Plans of Restructuring
The parent firm of the well-known application Snapchat, Snap Inc., has revealed intentions to lay off almost 20% of its more than 6,400 employees worldwide. More than 1,200 employees at the software company will be affected by the news, which comes as broader economic conditions have deteriorated recently due to growing inflation and interest rate…
Read MoreMost Ambitious Leaders of the Year, 2022
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