Leading software solutions company Multisys Technologies Corporation and microfinance group APPEND launch AppendPay, an online system and mobile application that will ease business processes and create seamless transactions for APPEND's 8.5 millionparticipating microfinance members. AppendPay aims to expedite the process of approving and disbursing microfinancingofitsmembers. Apart from providing them with a convenient and secure environment for their microfinancing and money ...

REUTERS FOREIGN INVESTMENT flows to the Philippines recovered in January to the biggest monthly print since 2019, which the central bank attributed to investor optimism as the economy gradually reopened. Net inflows of foreign direct investments (FDI) surged by 41.5% to $961 million in January from $679 million a year earlier and nearly double the $509 million in December, data ...

The government is expected to ramp up infrastructure spending to boost the economy's recovery. -- PHILIPPINE STAR/ MICHAEL VARCASGOVERNMENT SPENDING on infrastructure snapped a six-month losing streak in February after the implementation of projects under the second stimulus package gained traction, the Department of Budget and Management (DBM) reported on Monday. Latest DBM data showed infrastructure and other capital outlays ...

The government's COVID-19 vaccination program is currently for top three priority groups -- healthcare workers, senior citizens, and individuals with comorbidities. -- PHILIPPINE STAR/ MICHAEL VARCASMASS VACCINATION will be key to the Philippines' economic recovery, which is seen by 2022, according to Bangko Sentral ng Pilipinas Governor Benjamin E. Diokno. "Inaasahan namin na makakabawi din tayo, siguro sometime in 2022, ...

PHILIPPINE STAR/ MICHAEL VARCAS THE SECURITIES and Exchange Commission (SEC) has extended the deadline for 2020 annual reports by a month. In a memorandum circular uploaded on the SEC website, the corporate regulator said the deadline for audited financial statements for the calendar year ending Dec. 31, 2020 had been moved to May 17, 2021 from April 15, 2021. The ...

EAGLE CEMENT's expansion in Bulacan is seen to increase its production capacity by 1.5 million metric tons. -- COMPNAY HANDOUTEAGLE Cement Corp. reported a net income of P3.4 billion in 2020, falling by 44% as company operations were hit by lockdown measures imposed in mid-March last year in the wake of the pandemic. "The halting of our operations due to ...

METRORETAIL.COM.PH LISTED Metro Retail Stores Group, Inc. reported a P449.59-million net loss in 2020, a reversal of its P775.64-million net income in the previous year, as sales were heavily affected by the coronavirus disease 2019 (COVID-19) pandemic. Revenues declined by 15% to P31.43 billion from P37.05 billion. Net sales amounted to P31.29 billion in 2020, dropping by 15% from P36.79 ...

Nomadland -- IMDB.COM LONDON -- US recession drama Nomadland, about a community of van dwellers, was the big winner at Britain's BAFTA awards on Sunday, scooping best film and prizes for its Chinese-born director Chloe Zhao and leading actress Frances McDormand. The British Academy of Film and Television Arts ceremony was held virtually over two nights, with nominees joining in ...

EMPERADORBRANDY.COM EMPERADOR, Inc. said its brandy and scotch whisky businesses recorded growth in markets across several countries last year. The listed brandy and whisky manufacturer said in a stock exchange disclosure on Monday that for 2020, its brandy segment posted growth in countries such as United Kingdom at 376%, Mexico at 44%, Canada at 74%, and United States at 24%, ...

THE central business district in Makati City is seen on March 11, 2016. -- REUTERS/ROMEO RANOCO By Jenina P. Ibanez, Reporter GROWING DEMAND for office spaces from outsourcing companies is unlikely to offset losses from the exodus of Philippine Offshore Gaming Operators (POGOs), potentially up to 2022, analysts said. Business process outsourcing (BPO) firms have an opportunity to take up ...

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