The Toll Regulatory Board warned that toll concessionaires and operators which face fines or even suspended toll collections for any continuing breach of enforcing rules and regulations on cashless transactions on expressways. Due to atrocious state of the RFID system that leads to chaos and contributes to the intense traffic situation, mayor Rex Gatchalian of Valenzuela City repeal the North …
In preparation for its commercial launch next year the third telco player Dito Telecommunication is going full-speed with its user-friendly test. In view of this, Adel Tamano who is the chief administrative officer of Dito Telecommunication that as part of its ongoing roll-out and preparation for the forthcoming launch, the company has expanded the first wave of friendly user tests …
In a bid to streamline production, Nikkei has heard, Sony will merge its two factories in Malaysia by the end of September of next year. The Japanese electronics-to-entertainment conglomerate will close its audio device factory in the state of Penang, Malaysia, and transfer its manufacturing functions to a facility near Kuala Lumpur, the country’s capital. It will impact about 3,600 …
KOTA BARU, Dec 5- Goldsmiths with blowtorches and chisels sit at wooden desks in a backroom workshop in Malaysia as they melt and mold the precious metal into glittery jewelry. Over the coronavirus pandemic, demand for the safe-haven product has increased and it is not just professional investors who cash in but also small businesses. This year the Makmur Gold …
The Indonesian Palm Oil Association (Gapki) recently announced that Indonesia’s exports of crude palm oil and its derivatives increased three percent to 2.76 million tons in September this year from 2.68 million tons in August. Export volume growth was attributed to an increase in exports to countries such as China, Brazil, Malaysia, Russia, and Africa, Gapki CEO, Mukti Sardjonoo. While …
As part of efforts to streamline the organizational structure of the Lopez Company by cutting the number of public holding entities, Lopez Holdings Inc. will exit the local stock exchange. Surprisingly, The Lopez Holdings told the local stock exchange that the firm will voluntarily delist until First Philippine Holdings Corp. (FPH), its power arm, completes the acquisition of up to …
This time in Zamboanga City, not even the coronavirus pandemic that emptied shopping centers could deter retail giant SM Supermalls from opening another outlet, as the organization aims to take advantage of travel restrictions to attract shoppers. Sy-led SM Prime Holdings Inc., the consolidated property arm of the SM Group, said in a statement sent to the stock exchange on …
The Department of Tourism condemned the reckless mass assembly of Halloween parties in an institution on the island of Boracay. In view of this, Secretary of Tourism Bernadette Romulo-Puyat previously sent a video showing a Halloween party that took place in Boracay at Casa de Arte, Sitio Cagban, Barangay Manoc-Manoc. Visitors attending the social event were seen not practicing obligatory …
KUALA LUMPUR -Malaysia’s Top Glove, the world’s largest rubber glove manufacturer, said Wednesday that due to an outbreak of the coronavirus, supply disruptions at its factories may drive glove prices up. After nearly 3,000 employees tested positive for the virus, the company said it had shut down 20 of its factories in an area outside Kuala Lumpur in phases since …
Philippine Airlines is planning a major restructuring of its activities, which supposedly involves running to court to request compensation from paying creditors and holding the airline afloat. The declaration of Dominguez was accompanied by that of PAL, which said that a comprehensive plan for recovery and restructuring is ongoing, all but suggesting plans to seek court involvement. Strictly speaking, after …
