BIZ BUZZ: ‘Prosperity for All’
The Philippines has officially assumed the 2026 chairship of the Asean-Business Advisory Council (Asean-BAC), after Malaysia handed over the leadership of the regional body tasked to provide private sector feedback and guidance to boost the regional bloc’s efforts toward greater economic integration.
Jose Ma. Concepcion III, chair of RFM Corp. and head of the Asean-BAC Philippine delegation, went to Kuala Lumpur for the formal handover ceremony, which was one of the highlights of the Asean-BAC Events and Related Summits held from Oct. 24 to 27 in Kuala Lumpur.
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George Barcelon, chair of the Philippine Chamber of Commerce and Industry and Asia Brewery Inc. president Michael Tan traveled with Concepcion for the handover.
Asean-BAC Philippines is expected to build on the theme “Prosperity for All,” which was the same guiding theme at its last chairship in 2017.
“As we take on this new role, our goal is to build on this momentum, empowering MSMEs (micro, small and medium enterprises) and strengthening partnerships that drive inclusive growth and food security across the region. Together, we can ensure that the Asean spirit of unity, innovation, and entrepreneurship continues to thrive,” said Concepcion. —Tina Arceo-Dumlao
More miles for PNB clients
The holidays are calling, and the Lucio Tan Group seems to be one of the first to have heard the carols.
Flag carrier Philippine Airlines (PAL) and Philippine National Bank (PNB) have officially renewed their partnership, bringing some much-needed good news for travelers.
Under their new agreement, PAL-PNB Mabuhay Miles credit, debit and prepaid card holders may convert their reward points into Mabuhay Miles.
These coveted miles may be used to redeem flights and upgrades, among many other exclusive travel privileges.
“This partnership celebrates the value our customers bring by ensuring their loyalty is rewarded in meaningful and exciting ways,” PAL Holdings Inc. president and COO Lucio Tan III said in a statement on Monday.
“This synergy not only enhances benefits for our customers but also sets new standards for innovation and excellence in the industry,” Tan added.
Looks like that famous Mabuhay Lounge lugaw will be within reach again! —Meg J. Adonis INQ
