Udenna Corporation, a Philippine conglomerate owned by a close associate of the country’s previous president, announced on Monday that a subsidiary of the company had paid a debt to prevent a default on other loans. This helped shares in related companies recover from huge losses that had occurred earlier. Udenna, one of the most rapidly expanding enterprises in the country, …

Philippines – Companies registered with the Philippine Economic Zone Authority (PEZA) can apply for a hybrid work arrangement that permits 30 percent of their employees to work from home (WFH) until September this year. PEZA Director General Charito Plaza announced on Friday in a statement that the agency is now accepting applications from information technology-business process outsourcing (IT-BPO) firms and …

Surprisingly, Philippine President Rodrigo Duterte has lifted a ban on new mineral arrangements forced in 2012, resuming the way to crisp mining speculations as he tries to help state incomes to finance framework projects and different activities. Duterte has given a chief request that permits the public authority to go into arrangements for new mining projects and embrace an audit …

Association of Southeast Asian members Vietnam and Philippines denounces the recent millitary drill conducted by China in a disputed part of the South China, a move that can further escalate the tension of the region. Philippine Defence Secretary Delfin Lorenzana said the drill in the water near the Paracel island were highlight provocative while the Vietnam counterpart calls it a …