Fintech Alliance PH expels Digido for ‘multiple, serious violations’

MANILA, Philippines — Fintech Alliance Philippines said in a statement it has formally terminated the membership of Digido Finance Corp., effective immediately. The nonprofit said in a statement its board of trustees made this decision following an internal review. The review “confirmed multiple serious violations” of the Alliance’s Code of Ethics. These include “deceptive and Continue reading Fintech Alliance PH expels Digido for ‘multiple, serious violations’

2 Chinese firms to build MGen’s Toledo battery system

MANILA, Philippines — Meralco PowerGen Corp. (MGen) has tapped two Chinese contractors for the first phase of its 49-megawatt battery energy storage system (BESS) project in Toledo, Cebu. In a talk with media on Thursday, company officials said that MGen had signed an engineering, procurement and construction contract with Contemporary Amperex Technology Co., Limited (CATL) Continue reading 2 Chinese firms to build MGen’s Toledo battery system

BIZ BUZZ: A series of unfortunate events at Del Monte

MANILA, Philippines — The tale of trouble continues to unfold at one of the country’s largest canned food makers—which 11 years ago swallowed an American business that was bigger than itself. The independent auditor of Campos-led Del Monte Pacific Ltd. (DMPL), Ernst & Young LLP, released a disclaimer of opinion regarding its 2025 annual financial Continue reading BIZ BUZZ: A series of unfortunate events at Del Monte

FIVB Men’s World: Czechia eliminates Brazil with sweep of China

MANILA, Philippines — Needing to win in straight sets to qualify, Czechia rode Patrik Indra’s 29-point explosion to sweep also-ran China, 26-24, 25-19, 25-18 and enter the round of 16 in the FIVB Volleyball Men’s World Championship. Indra unleashed 23 kills, four blocks, and two aces on Thursday at Mall of Asia Arena as Czechia Continue reading FIVB Men’s World: Czechia eliminates Brazil with sweep of China