PHINMA Corp. to conduct annual stockholders’ meeting through remote communication on July 14

Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by enabling them to publish their stories directly on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com. Join us on Viber to get more updates from BusinessWorld: https://bit.ly/3hv6bLA.

ACE Malolos Doctors announces schedule of hybrid stockholders’ meeting on July 18

Spotlight is BusinessWorld’s sponsored section that allows advertisers to amplify their brand and connect with BusinessWorld’s audience by enabling them to publish their stories directly on the BusinessWorld Web site. For more information, send an email to online@bworldonline.com. Join us on Viber to get more updates from BusinessWorld: https://bit.ly/3hv6bLA. RGEntRibirthFURD

ING to exit PHL retail banking business by this year

source: https://bit.ly/2GswBI6 ING BANK N.V.-Manila will leave the Philippine retail banking market before 2022 ends, just about three years after its foray into the space, due to uncertain global conditions that affected its operations in the country. “ING’s retail business in the Philippines was intended as the first step and foundation for a broader Asia […]

Warehouse robot startup BotsAndUs raises £11m

Autonomous warehouse robot maker BotsAndUs has secured $13m (£10.6m) in a seed round led by Swiss venture capital firm Lakestar. London-based BotsAndUs will use the capital to develop its robots that are used to measure, track and locate stock in a warehouse. The startup’s robots use artificial intelligence (AI) to create a digital twin […]

Porsche invests in British cycling insurance provider Laka

Porsche Ventures has invested $1.5m (£1.2m) into British cycling insurance provider Laka as part of a wider $13.5m (£10.9m) Series A funding round. Headquartered in London, the company is an insurance platform for cycling and electric vehicles. It plans to offer e-scooter, e-moped and electric car insurance in the future and will use the fresh […]

Netflix cuts 300 more jobs after subscriptions fall

Netflix has announced another round of job cuts as it grapples with slowing growth and increased competition. The streaming giant said it was cutting 300 more jobs – roughly 4% of its workforce – mostly in the US, after axing 150 people in May. The moves come after the company reported its first subscriber […]

Job turnover in NCR improves in second half of 2021

Metro Manila’s job turnover improved in the latter half of 2021, data from the Philippine Statistics Authority showed. The agency’s Labor Turnover Survey said the National Capital Region (NCR) reported turnover rates — the difference between the rate of hiring and the rate of job termination or resignation — of 0.7% and 0.6% in the […]

Rail bosses hope offering redundancy compromise will end RMT strikes

Rail companies and unions edged closer towards a deal yesterday with bosses at Network Rail hinting that they had put together a package that met one of the RMT’s key demands to end strike action. The state-owned company had previously refused to rule out compulsory redundancies as part of efficiency savings that it was demanding […]

NCR building materials price growth in March fastest in over 10 years

RETAIL price growth of construction materials in Metro Manila accelerated to its fastest pace in more than a decade, the Philippine Statistics Authority (PSA) reported on Friday. Preliminary data from the PSA showed that retail price growth of building materials in the National Capital Region (NCR) rose by 4.8% year on year in March, higher […]

Revenue says £30bn of tax owed went uncollected last year

The taxman failed to collect more than £30 billion last year, the equivalent of £1 in every £20 owed. Figures released by HMRC showed £32 billion in tax went unpaid in the 2020-21 financial year — 5.1 per cent of the total the taxman is owed. The figure, known by HMRC as the “tax gap”, […]