Manila Bulletin | Latest Breaking News | News Philippines | Business
Natural Disaster
Home » Business

Business

Business News More

  • Google bullish, to expand Manila office

    Singapore – Google Inc. remains bullish on the Philippine market on the back of the country’s robust economic expansion and growing Internet population. Less than two years after its office opened in Manila, Julian Persaud, Google Southeast Asia managing…

  • SSI shares for foreign investors oversubscribed

    The shares of SSI Group, Inc., the country’s largest specialty retailer, have been oversubscribed by foreign investors during the international road show conducted by the firm in line with its R7.45-billion initial public offering (IPO) next month. The international…

  • Petron schedules early redemption of P10-B notes

    Leading oil firm Petron Corporation is scheduling an earlier redemption of its P10-billion notes facility by December this year. The company, in a disclosure to the Philippine Stock Exchange (PSE), has noted that its executive committee has “approved the…

Investment More

  • Roxas Holdings supports UPLB research on sugar

    Roxas Holdings supports UPLB research on sugar

    Sugar producer Roxas Holdings, Inc. has signed a memorandum of agreement (MOA) with the University of the Philippines Los Baños (UPLB) to spur research and development initiatives in the sugar industry, with endowment fund of P7.5 million to finance…

  • Local sales of toys slow down; electronics gadgets enjoy boom

    Local sales of toys slow down; electronics gadgets enjoy boom

    Richprime Global Inc., the country’s largest distributor of toys and children’s clothing and accessories, has reported a slowdown in sales growth as the influx of electronics gadgets its toll on the traditional toys market. Myrna T. Yao, Richprime president…

  • Megaworld unit ventures into P1-B residential project in Bacolod, Talisay

    BACOLOD CITY — Suntrust Properties Inc. entered into a P1-billion joint venture agreement with the Lacson family for the development of an integrated residential project at the boundary of the cities of Bacolod and Talisay in Negros Occidental. Suntrust…

Banking More

  • US Federal Reserve ends QE stimulus program

    Washington – The Federal Reserve decided Wednesday to end its quantitative easing stimulus program, after six years of pumping easy money into the US economy via asset purchases to shore up growth. Revealing increasing confidence in a modestly expanding…

  • Tetangco welcomes move, cautions investors on FX market volatility

    Tetangco welcomes move, cautions investors on FX market volatility

    Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. yesterday said renewed confirmation of a more solid US economy recovery is good news for the Philippines but cautioned investors of increased volatility particularly on the foreign exchange (FX)…

  • Budget deficit declines to P31.1B in 9 months

    Budget deficit declines to P31.1B in 9 months

    The National Government reported a P5.2-billion budget gap in September, reversing a surplus in August, while on a nine-month tally the deficit amounted to P31.1 billion which is P70.2 billion lower compared to the same period in 2013. The…

Stock Market More

  • Local shares

    Local shares advanced for the second day yesterday despite an overnight loss in Wall Street. The benchmark Philippine Stock Exchange index (PSEi) gained another 77.68 points or 1.10 percent to 7,170.99 on moderate volume. A total of 12.42 billion…

  • Asian markets

    Hong Kong – Asian markets were mixed Thursday while the dollar resumed its upward march against the yen after the Federal Reserve wound up its vast bond-buying scheme and reiterated its plan to keep interest rates at record lows.…

  • Dow returns to above 17,000

    New York – The Dow jumped back above 17,000 Tuesday following a strong report on US consumer confidence and another round of mostly solid corporate earnings. The Dow Jones Industrial Average rose 187.81 points (1.12 percent) to 17,005.75, its…

Shipping More

  • Subic sees cargo volume to double

    Subic Bay Freeport expects to double its cargo volume this year as more shipping lines in the Southeast Asian region notice its potential as an ideal port to move and transship both containerized and bulk cargo shipments. Subic Bay…

  • AirAsia Group CEO Fernandes named ‘Brand Builder of the Year’

    AirAsia Group CEO Fernandes named ‘Brand Builder of the Year’

    London – The 2014 World Branding Awards gave special recognition to Tony Fernandes, AirAsia Group CEO, naming him “Brand Builder of the Year” for his outstanding work in building the low cost airline brand. AirAsia was also named “Brand…

  • Singapore group wins bid for $1.4-B new Myanmar airport

    Yangon– A Singaporean-led group has won a $1.4-billion bid to build a second international airport in Myanmar’s commercial hub Yangon, authorities said Wednesday, as the long-isolated nation gears up for a dramatic increase in foreign arrivals. The winning consortium,…

Business Agenda More

  • Volunteers who mean business

    Volunteers who mean business

    Gawad Kalinga founder Antonio “Tony” Meloto asked to be pardoned for being “brutally frank” as he uttered strong words about the roots of poverty in the Philippines before a panel of journalists during the recently concluded DHL Philippines Global…

  • The grass is greener in the south

    The grass is greener in the south

    There are a lot of reasons why Davao City has become the investment destination next to Metro Manila. With residents of more than 1.4 million, Davao City is the  most populous city in Mindanao and the fourth in Philippines.…

  • The road to tax harmonization in ASEAN

    The road to tax harmonization in ASEAN

    The 10 member states of the Association of Southeast Asian Nations (ASEAN) are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. A look at the trends in tax rates among the ASEAN countries shows an…

Trade More

  • Auto Lemon Law IRR now completed

    The DTI has completed the finalized implementing rules and regulations for Lemon Law which provides clear procedure between buyers and manufacturers over defective cars. DTI Undersecretary Victorio Mario Dimagiba has announced the completed law’s IRR and is ready for…

  • BOI grants tax incentives to 6 power projects worth P146B

    The Board of Investments (BOI)  has granted tax and fiscal incentives to six power projects worth P146.18 billion accounting for more than half of the P258.709-billion total approved investments as of September this year. Total BOI approved investments in…

  • Congress sets fiscal perks harmonization deadline

    The Departments of Trade and Industry and Finance have until December this year to agree on the Harmonization of Fiscal Incentives Bill otherwise this priority bill will not have a chance of passing in the 16th Congress. Rep. Miro…

Business Tech More

  • Fuji Xero Cloud and Mobility Solutions

    Fuji Xero Cloud and Mobility Solutions

    Fuji Xerox recognizes these challenges and can turn them into opportunities for growth with these solutions: DocuWorks allows a single user to integrate content from multiple data sources such as Word, Excel, PowerPoint, PDF, and JPEG, into one unified…

  • Globe myBusiness leads tech revolution in PH mSMEs, boosts biz operations with Google Apps

    Globe myBusiness leads tech revolution in PH mSMEs, boosts biz operations with Google Apps

    With businesses quickening their operations and processes, they are steadily arming themselves with the newest ICT capabilities to get work done. In this day and age of mobility, technologies such as the latest gadgets, cloud computing and the countless…

  • Tech buzz

    • Epson To Bolster Production Capacity of Leading-Edge PrecisionCore InkJet Printheads The development of printing technology continues its steadfast pace, with players aiming for faster print speeds, better quality prints, and low running cost. That is why Epson is…