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  • Congress presses DOE on updated energy dev’t plan

    Congress presses DOE on updated energy dev’t plan

    The Department of Energy (DOE) has submitted a Philippine Energy Plan (PEP) covering the periods 2012-2030, but Congress is requiring an updated one, not an “obsolete version.” “I have a letter to DOE… we gave them the time, but…

  • Auto Lemon Law’s IRR can be relaxed further –  DTI

    Auto Lemon Law’s IRR can be relaxed further – DTI

    Department of Trade (DTI) and Industry Secretary Gregory L. Domingo has urged to further relax the implementing rules and regulations (IRR) of the Lemon Law to give more protection to consumers. Domingo said this as the DTI yesterday released…

  • EDC drops arbitration case versus BacMan contractor

    EDC drops arbitration case versus BacMan contractor

    Lopez-owned firm Energy Development Corporation (EDC) has dropped the arbitration case it filed against its contractor for the repair of its Bacon-Manito (BacMan) geothermal power plant following settlement of their dispute on the project. It was EDC’s subsidiary BacMan…

Investment More

  • Capitol Steel invests P1.8B  for plant modernization

    Capitol Steel invests P1.8B for plant modernization

    Capitol Steel Corp. is investing P1.8 billion for a two-phased modernization program of its reinforcing steel bars (rebars) manufacturing plants in Quezon City in anticipation of brisk  demand in light of the country’s bullish construction industry. The company has…

  • 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…

Banking More

  • BPI looking at M&A as it braces for competition

    Bank of the Philippine Islands, the country’s most profitable and valuable lender, is looking for acquisition opportunities as it pursues growth ahead of greater competition, its top official said on Friday. Cezar Consing, president of BPI, said the bank…

  • Gov’t seals WB funding for Cebu BRT

    The national government and the World Bank (WB) sealed the financial package for the Cebu Bus Rapid Transit (BRT) project. Finance Secretary Cesar V. Purisima and World Bank officials signed the loan agreement for the $141-million BRT project, which…

  • China’s shadow banking sector growing rapidly, now third in the world

    China’s shadow banking sector growing rapidly, now third in the world

    Beijing – China’s shadow banking sector continued to grow at breakneck speed in 2013 and now ranks as the third largest in the world, a report released by the Financial Stability Board (FSB)showed. The country vaulted ahead in the…

Stock Market More

  • 3Q earnings to dictate market’s mood

    3Q earnings to dictate market’s mood

    Since more companies are now expected to release their third quarter earnings report, majority of the market participants will allocate most of their time monitoring how the listed corporations, especially the blue chip firms, performed in the past three…

  • PSE wins two awards from Corporate Governance Asia

    PSE wins two awards from Corporate Governance Asia

    The Philippine Stock Exchange (PSE) received two awards at the 10th Corporate Governance Asia Recognition Awards ceremony held on October 24, 2014 at the Renaissance Harbour View Hotel in Hong Kong. The PSE was one of the recipients of…

  • Biggest PH fund manager buying local shares as foreigners sell

    The largest Philippine money manager has been buying shares as record foreign outflows drive the country’s benchmark stock index toward its biggest monthly loss this year. Frederico Ocampo, who became chief investment officer at Manila-based BDO Unibank Inc. last…

Shipping More

  • Delta Airlines orders 50 Airbus jets

    Paris – European aerospace giant Airbus is poised to sign a contract to deliver 50 long-haul carriers to US Delta Airlines in a deal worth $14 billion (11 billion euros) at catalogue prices, sources told AFP. Under the terms…

  • ICAP’s shipping arm in merger talks with rival

    London – ICAP’s shipping business is in merger talks with rival shipbroker Howe Robinson, the latest potential tie-up among sector players looking for scale after years of freight market turmoil. The shipping industry has suffered one of its worst…

  • Capesize rates on Asian routes slip

    Singapore – Rates for capesize bulk carriers on key Asian routes could slip next week as charterers manage fixing activity to put a ceiling on freight prices, brokers said. Major iron ore miners including Vale, Rio Tinto and BHP…

Business Agenda More

  • A closer look at the IBM and Apple tie-up

    A closer look at the IBM and Apple tie-up

    Most mobile phone and device users download an app, use it once, then remove it. An International Business Machines (IBM) executive made this observation during the technology and consulting giant’s IBM XCITE 2014 conference recently in Singapore, underscoring one…

  • CSR program aims to improve classroom learning

    CSR program aims to improve classroom learning

    Since its inception in 2011, Nature Class-chosen Manila public science high school teachers continue to receive grants for field immersions that promote enhanced teaching techniques in natural environmental settings. Its successful pilot project provided select science teachers extensive lectures…

  • Re-creating the gym experience

    Re-creating the gym experience

    Not everyone is comfortable going to the gym, but Anytime Fitness promises to make the gym feel like home. The global fitness club chain recently launched its first gym in Manila, and is set to open dozens more in…

Trade More

  • PH energy sector: Will it be left out in the AEC?

    PH energy sector: Will it be left out in the AEC?

    The Philippine energy sector is literally and figuratively having a ‘buffet of problems’ – and these have been giving industry players major headaches. Now, this is the question begging for an answer: Will the Philippine energy sector be able…

  • Japanese firms see ASEAN’s rising importance over China

    Japanese firms see ASEAN’s rising importance over China

    While many of Japanese manufacturers still continue to recognize the importance of China as a “manufacturer of the world,” only a minority said that China could maintain this status into the future as more Japanese firms anticipate ASEAN to…

  • BOI readies agribusiness roadmaps

    BOI readies agribusiness roadmaps

    The Board of Investments (BOI) will unveil development roadmaps on five sectors in agribusiness – confectionery, condiments, seaweeds/carrageenan, shrimps/prawns, and processed fruits  – which have the highest revenue streams potential and widest industry linkages in agri-processing. BOI Executive Director…

Business Tech More

  • Tech Buzz

    Tech Buzz

    • GOING PUBLIC WITH PUBLIC CHATS Viber has announced Public Chats, a new feature that allows users to discover, share and interact with conversations, communities and content on mobile. With Viber Public Chats, you can follow 24/7 reality chats…

  • A vision of better things to come

    A vision of better things to come

    In 1963, the speech “I Had a Dream” by American civil rights activist Martin Luther King, Jr., was about a dream of freedom and equality. It became a defining moment in the history of the United States. Fifty years…

  • Globe Telecom deploys BES12 cross-platform EMM solution by BlackBerry to PH businesses

    Globe Telecom, through its enterprise and corporate ICT arm Globe Business, recently announced the availability of BES12: a cross-platform EMM solution by BlackBerry that securely manages devices from all of the major enterprise mobile platforms. BES12 is the foundation…