BPI gets award for outstanding trade and cash management
The Bank of the Philippine Islands (BPI) scored back-to-back awards during the 2021 Global Finance Awards. The award-giving body named BPI as Best Cash Management and Best Trade Finance Bank – a clean sweep from the Transaction Banking space
“We are honored to have been given these awards, especially as the COVID-19 pandemic has impacted the way we go about our businesses,” said Ana Sison, BPI’s Head of Transaction Services.
The lockdowns prompted BPI to further digitize their collections and disbursements processes to address mobility restrictions affecting its clients.
BPI observed flexible enrollment processing procedures allowing BPI customers to enroll in digital banking services to help sustain their daily operations while working remotely.
The Bank also launched its Remote Deposit Capture (RDC), the first local bank to do so. The RDC system has allowed corporate customers to continue to deposit their bulk checks through a corporate check scanning machine installed in their offices. This resulted in a 27% increase in the customer’s average daily deposit balance with the Bank.
BPI was also recognized for its ability to continue consistently and reliably facilitate trade flows with the Philippines’ major trading partners, even amid the pandemic.
Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
Winners have been chosen in 75 countries and territories, and regionally across seven categories in Africa, Asia-Pacific, Central and Eastern Europe, Latin America, the Middle East, North America, and Western Europe.
Herbalife sales hit record
Herbalife Nutrition Ltd. reported a 13.6 percent year-on-year growth in its net sales for 2020 which reached $5.5 billion, the largest in the company’s history.
Herbalife Nutrition’s fourth-quarter net sales in 2020 were also the largest for the company. It reached $1.4 billion, an increase of 15.6 percent compared to the fourth quarter of 2019.
The Asia Pacific market also contributed its second-largest net full-year net sales for the company at $1.348 billion. North America had the biggest net sales for the full year among all markets at $1.373 billion.
This year, Herbalife Nutrition is raising its 2021 net sales guidance to 6 percent to 14 percent growth. The company also announced a three-year $1.5 billion share repurchase program.
Pangasinan to use modern PUVs
Hyundai Asia Resources, Incorporated (HARI), in partnership with the Hyundai Trucks and Buses Cabanatuan dealership, recently turned over 10 units of its Class 2 HD50S Modern Public Utility Vehicle (PUV) to the Tayug Pangasinan Transport Cooperative (TAPTRANSCO), one of the area’s newest transport groups in response to government’s transport modernization initiatives.
Powered by a 2.9-liter Euro 4-compliant CRDi engine, the HD50S Modern PUV Class 2 provides better fuel efficiency, reliability, and cleaner emissions. It is designed for enhanced stability and power-to-weight ratio, boasting a 3,415-millimeter wheelbase. The vehicle also features roof-mounted air conditioning, Wi-Fi module/router, GPS tracker, CCTV cameras, 7-inch monitor, and speed limit warning buzzer for safety. It can accommodate up to 22 seated passengers, as well as up to 10 standing commuters. It is also equipped with the requisite contactless payment via Auto Fare Collection System (AFCS) and plastic dividers to ensure social distancing for the riding public.
Ninja Van launches campaign to stop fraud
Ninja Van Philippines is stepping up its information drive across the region including the Philippines to help curb fraudulent deliveries.
After receiving over 200 reports of this scheme in the country, the company has advised customers to exercise caution so as not fall to this modus: An unscrupulous shipper sends out parcels to random unsuspecting individuals under the cash-on-delivery mode of payment. The unsuspecting recipients, thinking it might have been one of their orders online, would pay for the amount stated in the parcel only to find out that it is not what they were expecting, or worse, they didn’t order it at all.
Ninja Van is using social media to spread awareness on how the public can prevent themselves from falling prey to this scheme.
Internally, it is also making its own investigations of these incidents.
GBP, GT Foundation donate school buildings
Global Business Power Corporation (GBP), through subsidiaries Panay Energy Development Corp. (PEDC) and Cebu Energy Development Corp.(CEDC), has partnered with the GT Foundation Inc. (GTFI) to donate school buildings in the City of Iloilo and Toledo City in Cebu.
PEDC and GTFI constructed a two-classroom building at NJ Ingore Elementary School in Barangay Ingore, La Paz, Iloilo City.
CEDC and GTFI, meanwhile, erected a similar two-classroom building at North City Central School (NCCS) in Toledo City, Cebu.
The donations were aimed to address increasing enrollment and improve learning conditions of the said public elementary schools.
Each donated classroom can accommodate up to 40 people and comes completely furnished with desks, student chairs, teacher’s tables, cabinets, electric fans and even a SMART TV – ready to welcome back the students of NJ Ingore and NCCS in the near future once face-to-face classes resume. The buildings also have comfort rooms installed for convenience of the pupils and teachers. Due to the ongoing COVID-19 pandemic, the classrooms are currently being used by the assigned teachers as a work station to prepare modules and other materials for the students learning from home.
PH beauty brand now on HSN
Sustainable beauty PILI ANI has debuted at the Home Shopping Network USA (HSN), the biggest home TV shopping network in the US.
The official launch on February 25 of PILI ANI will highlight a Philippine-made artisanal holistic brand that combines both traditional and sustainable techniques of local farmers.
Through live telecasts on HSN where customers can call for questions, the PILI ANI team hopes to get up close and personal with their consumers.
The Ageless Concentrate facial oil is available at the live selling but other creams will soon be featured on the HSN website.
The company three years ago launched its products at the Cosmoprof Show in Las Vegas and got a lot of positive feedback. This led the company to be featured in Good Morning America, Pop Sugar and the HuffPost. PILI ANI was also spotted during New York Fashion Week, establishing its place as cult beauty favorite among those in the know.