Business Archives - The Sentry Philippines

Private-Public collaboration to accelerate digital transformation

thesentryphApril 17, 2025

Artificial intelligence, The Internet of Things, Hyperconnectivity – these emerging technologies will only redound to real, tangible benefits through a strong, solid collaboration of the country’s technology sector with the government. This was the main message of Converge CEO and Co-Founder Dennis Anthony Uy as he hosted a Partners’ Night on April 7, with the...

Philippines’ Gambling Industry Rebounds with Record Growth, Amid Regulatory Changes

thesentryphApril 7, 2025

In a remarkable turnaround, the Philippine gambling industry achieved record revenues in 2024, reaching PHP410.5 billion ($7.16 billion). This 25% increase in gross gaming revenues (GGR) underscores the sector’s resilience and potential, despite challenges such as the scrutiny and shutdown of Philippine Offshore Gaming Operators (POGOs) due to crime concerns. Pagcor, the government agency tasked...

Philippines and South Korea Strengthen Trade Relations with Free Trade Agreement

thesentryphApril 7, 2025

In a significant step toward enhanced bilateral trade, the Philippines and South Korea solidified their economic partnership through a Free Trade Agreement (FTA), effective December 31, 2024. This pivotal deal eliminates tariffs on 94.8% of Philippine exports to South Korea and 96.5% of South Korean exports to the Philippines. Key Sectors Impacted by the Agreement...

Philippines’ Gambling Industry Projects Significant Revenue Growth in 2025

thesentryphApril 7, 2025

The Philippine gambling industry is poised for significant growth, with Pagcor (Philippine Amusement and Gaming Corporation) forecasting a 17% increase in gross gaming revenues (GGR) for 2025, following a record PHP410.5 billion ($7.16 billion) in 2024. This represents a 25% year-over-year growth, driven primarily by a booming e-gaming sector. Key Drivers: E-Gaming Expansion E-gaming significantly...

Converge Aims for 14-16% Revenue Growth in 2025, Building on 2024 Success

thesentryphMarch 20, 2025

Converge ICT Solutions Inc., one of the country’s top providers of fiber broadband and technology services, is setting its sights on continued growth in 2025, with a target of 14-16% revenue growth. This ambition is fueled by the ongoing success of its fiber prepaid services, the recovery of its Enterprise business, and major investments in...

Business

Globe Telecom to Enhance Connectivity in 100 Remote Towns with New Infrastructure

thesentryphMarch 19, 2025

Globe Telecom Inc., a leading telco-to-tech provider, is expanding its network by building cellular sites in 100 geographically isolated and disadvantaged areas (GIDAs) across the Philippines in 2025. This initiative aims to bridge the digital divide and provide essential connectivity services to underserved communities. Commitment to Digital Inclusion Globe currently operates cell sites in at...

SM Investments Delays Data Center Investment, Awaiting Hyperscalers’ Entry

thesentryphMarch 19, 2025

SM Investments Corp. (SMIC) has temporarily put its data center investment plans on hold, awaiting the entry of major global hyperscalers like Google, Amazon, and Meta into the Philippines. The decision reflects concerns about the country’s vulnerability to natural disasters and the high cost of power, factors that hyperscalers prioritize when selecting investment locations. Strategic...

Philippines Improves to “Moderately Free” in Global Economic Freedom Index

thesentryphMarch 19, 2025

The Philippines has risen six positions in the latest 2025 Index of Economic Freedom by The Heritage Foundation, reaching 82nd place out of 176 countries, now classified as “moderately free” in terms of economic activity. This marks a significant improvement from last year’s ranking of 88th and a move from “mostly unfree” to a better...

BSP Anticipates GDP Growth to Hit Lower End of 6-8% Target for 2025 and 2026

thesentryphMarch 19, 2025

The Bangko Sentral ng Pilipinas (BSP) forecasts that the Philippine economy will likely achieve growth at the lower end of the government’s 6-8% target for 2025 and 2026. This projection comes amid concerns over elevated global commodity prices and ongoing trade uncertainties, which could weigh on the country’s economic momentum. Factors Influencing Economic Performance In...

A total of 485 residents availed free medical services in SM Foundation’s medical mission in Asuncion, Davao del Norte.

SM Foundation Delivers Essential Medical Services to Over 1,000 Davaoeños

thesentryphMarch 15, 2025

In a continued effort to make quality healthcare accessible to all, SM Foundation partnered with various social good organizations to conduct two successful medical missions in SM City Davao and Asuncion, Davao del Norte on March 12 and March 13, respectively. A total of 733 Davaoeños benefitted from the free medical services provided at SM...

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ASP Davao brings Angels Walk for Autism 2025 to SM City Davao in Support of Autism Inclusion

thesentryphApril 28, 2025

In celebration of Autism Acceptance Month, SM City Davao proudly joined the ASP Angels Walk for Autism 2025, a nationwide initiative led by the Autism Society Philippines (ASP) in partnership with SM Cares, the Corporate Social Responsibility arm of SM Supermalls. Held on April 13, the local walk at SM City Davao brought together over...

Earth’s Most Wanted, Now Earth’s Last Hope: Marvel Studios’ Thunderbolts Storms Into Cinemas This Week!

thesentryphApril 28, 2025

They’re not your typical heroes. They’re definitely not your usual team, either. But when the stakes are sky-high and no one else is left to call, the Marvel Cinematic Universe (MCU) turns to its most unexpected lineup yet. In Thunderbolts*, set to premiere in Philippine cinemas on Wednesday, April 30, a crew of powerful misfits...

Mang Inasal ready to serve customers this Lenten season

thesentryphApril 17, 2025

Looking for where to eat this Holy Week? Mang Inasal, the Philippines’ Grill Expert, is open nationwide to serve its well-loved grilled favorites throughout the Lenten season. To check store hours and contact information, customers can go to manginasal.ph/locations. The page lists operating hours, addresses, and phone numbers for each branch — making it easy to find...

SM Southmall supports sustainable travel with its accessible Electric Vehicle (EV) charging points

SM Supermalls boosts Holy Week EV travel with expanding charging network

thesentryphApril 17, 2025

SM Supermalls is enhancing Holy Week travel for Electric Vehicle (EV) owners with its growing network of 123 Electric Vehicle Charging Stations (EVCS), with 50 more planned for 2025. This expansion offers free charging at 69 SM malls, supporting eco-friendly journeys for northbound and southbound trips. SM Supermalls, a Department of Energy (DOE)-accredited operator of...

Private-Public collaboration to accelerate digital transformation

thesentryphApril 17, 2025

The Sentry Philippines is a dynamic digital media outlet dedicated to delivering accurate, timely, and impactful news. With a focus on both local and national developments, we aim to keep our audience informed and engaged. Your eye in the City — always watching, always reporting.

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