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Philippines: TRAIN law lifts 7-Eleven sales by 23%

MANILA, Philippines — The implementation of the tax reform law at the start of the year boosted the sales of convenience store giant Philippine Seven Corp. (PSC) by 23 percent in the first half. Lawrence de Leon, head of finance at PSC, said in a disclosure that system-wide sales amounted to P22.17 billion from January […]

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Tech giant to make Philippines its Southeast Asia hub

MANILA, Philippines — Global tech parts giant Cal-Comp Technology (Philippines) Inc. is spending the proceeds of its planned P6.77 billion initial public offering to expand its operations, acquire new equipment, and focus on research and development as it grooms the country as its next hub in Southeast Asia. New Kinpo Group chief executive officer Simon […]

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Philippines: Banks urged to strategize based on new technology

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is urging correspondent banks to embrace innovation and rethink strategies as the rapid evolution of digital technology continued to revolutionize financial product and banking service delivery. In his keynote address at the annual convention of the Association of Philippine Correspondent Bank Officers, BSP Governor Nestor Espenilla […]

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