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  • IT firm seeks SEC okay for P1.4-B IPO

    Technology firm Xurpas, Inc. has sought for the approval from the Securities and Exchange Commission (SEC) for its planned P1.4-billion initial public offering (IPO). In a prospectus submitted to the SEC on Wednesday, Xurpas, Inc. plans to sell 34.4…

  • SBMA nets P1.2 billion in 1H, highest in 21 years

    Subic Bay Metropolitan Authority (SBMA) has reported P1.2 billion net profit in the first half this year, the freeport’s highest in its 21-year history. In its mid-year accomplishment report, SBMA said the P1.2 billion net income in the first…

  • Max’s Group selling over half of Pancake House

    Max’s Group selling over half of Pancake House

    Pancake House, Inc., soon to be renamed Max’s Group, is planning to undertake a follow-on offering of new and secondary shares worth about P13.5 billion, equivalent to more than half of the company’s capital, to further consolidate its food…

Investment More

  • MNTC sets P22-B infra investments

    The Manila North Tollways Corp. (MNTC), operator of the North Luzon Expressway (NLEX), has vowed to continue investing to expand its tollroad projects that when fully completed will amount to estimated investments of P22 billion to be funded via…

  • Local funds bankroll investments in PH

    Local funds bankroll investments in PH

    While foreign capital should have been the preferred way to fund investments in this country, this is not actually the case with more domestic resources being tapped to bankroll new investments. Data showed that Filipinos have always been ahead…

  • AFAB investments surge to P83.96 B in H1

    The Authority of the Freeport Area of Bataan (AFAB) generated nearly P83.96 billion in committed investments in the first half of 2014, over 138,000 percent higher compared to the pledges that it recorded in the same period last year.…

Banking More

  • Thrift banks’ profits slip 42% in Q2

    The country’s 70 thrift banks reported lower income in the second quarter to P4.457 billion, down 42 percent from the same period last year of P7.678 billion. Based on Bangko Sentral ng Pilipinas (BSP) data, the mid-sized banking sector…

  • IMF chief Lagarde facing probe in France

    Paris – IMF chief Christine Lagarde says she is under official investigation for negligence in a French corruption probe that dates back to her days as finance minister. In a statement Wednesday after a fourth round of questioning before…

  • DBM approves P9.48-B Cebu BRT project

    The Department of Budget and Management (DBM) has given the green-light to the Cebu Bus Rapid Transit (BRT) project that seeks to provide a safer, more efficient, and environment-friendly mode of travel for Cebuanos. Budget and Management Secretary Florecio…

Stock Market More

  • S&P 500 closes over 2,000 for first time

    New York – The S&P 500 finished above 2,000 for the first time Tuesday, capping a steep climb from 676 in March 2009, when the market hit bottom during the Great Recession. But the narrower Dow Jones Industrial Average…

  • Asian markets

    Hong Kong – Asian markets mostly ticked higher Wednesday following another record close on Wall Street as investors welcomed more upbeat data indicating the US economy is back on track. The positive US figures helped the dollar consolidate against…

  • Local shares

    Local shares surged further yesterday buoyed by strong overnight gains in Wall Street in New York, Monday. The benchmark Philippine Stock Exchange index (PSEi) closed 13.26 points, or 0.19 percent, higher  to end to 7,146.35 on heavy volume. This…

Shipping More

  • Port relocation not easy — OECD study

    The need to modernize ports has called for the relocation of ports to new port sites, but the process could pose some challenges because of the huge sunk investments by existing operators, stated a recent study on port cities…

  • Rising N. American plane demand boosts leasing market

    Singapore – A pick-up in North America’s aviation market is providing a boost for the leasing industry as demand from Southeast Asian airlines starts to slow, according to the head of BOC Aviation, Asia’s second-biggest aircraft lessor. “Now, what…

  • UN to launch plan for warning airlines of risks in conflict zones

    The United Nations’ civil aviation body will launch two pilot projects designed to help airlines and states better share information about risks in conflict zones, the organization said on Tuesday, nearly six weeks after a Malaysian airliner was shot…

Business Agenda More

  • The crux of (the) matter

    The crux of (the) matter

    At first glance, business and quantum physics seem so unrelated that you normally would not find both terms in one sentence. Business involves the management of people, capital and profit flows, production and distribution of products, customers, and a…

  • Collaborative platforms

    Collaborative platforms

    In a country where the BPO industry and call centers stand as major sources of employment and income, social media will play a much bigger role in refining technologies applied to these sectors. Along with that, video technology must…

  • A different Boracay experience in Fairways & Bluewater Newcoast

    A different Boracay experience in Fairways & Bluewater Newcoast

    This resort in the quieter part of Boracay offers spacious rooms, a world-class golf course, environment-friendly amenities and adventure activities, with expansion plans for enhancing one’s island vacation even more   It’s a different Boracay experience awaiting you if…

Trade More

  • MICC opens small-scale black  sand mining in ‘Yolanda Avenue’

    MICC opens small-scale black sand mining in ‘Yolanda Avenue’

    The Mining Industry Coordinating Council (MICC) has agreed to open “Yolanda Avenue” (Samar and Leyte) for small-scale black sand mining to encourage the establishment of iron processing plants that will create thousands of jobs for Typhoon Yolanda survivors, create…

  • PH rejects bids in 500,000-ton rice tender

    Manila – The Philippines is considering re-issuing a buy tender or doing a government-to-government deal for its rice import requirement of up to 500,000 tons, after rejecting all offers in a tender that closed on Wednesday because the prices…

  • DTI warns vs substandard imported ceramic tiles, plywood

    The Department of Trade and Industry has warned that more than half of ceramic tiles and plywood importations for the month of July have released from Customs without the required clearances from the Bureau of Philippine Standards. In a…

Business Tech More

  • EnGenius brings its global capabilities to the Philippines

    EnGenius brings its global capabilities to the Philippines

    Small and medium businesses (SMBs) or enterprise-level organizations, are set to achieve new standards of ease and productivity as wireless communications and radio frequency (RF) technology expert EnGenius Networks Singapore Pte. Ltd. brings its global capabilities to the Philippine…

  • Smart announces key partnership with travel search leader Skyscanner

    Smart announces key partnership with travel search leader Skyscanner

    Smart recently announced a strategic partnership with global travel search engine, Skyscanner, to offer the best travel options and mobile deals to Filipinos here and abroad. Smart, through its subsidiary Voyager Innovations, Inc. (Voyager), is now Skyscanner’s first and…

  • Tech Buzz

    • Globe Telecom holds Philippines’ first digital lifestyle expo Globe Telecom will host the Philippines’ first digital lifestyle event to bring together the latest digital trends, gadgets, and applications that can enrich today’s mobile experience. The Wonderful World with…