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  • RLC  reports 18% increase in net income to P1.65B

    RLC reports 18% increase in net income to P1.65B

    Robinsons Land Corporation (RLC), one of the country’s leading real estate and property developers, posted a strong net income growth of 18 percent to P1.65 billion for the first quarter of its fiscal year ending September 2016 from P1.40 billion …

  • BSP’s rediscounting loans fell 82% in Jan.

    BSP’s rediscounting loans fell 82% in Jan.

    Thrift and rural banks’ rediscounting loans with the central bank totaled R11 million in January, 82 percent lower compared to the same period last year of R61 million. The Bangko Sentral ng Pilipinas (BSP) said 37.7 percent are credits borrowed for …

  • Roxas Holdings suffers loss sets R1.4-B capex

    Roxas Holdings suffers loss sets R1.4-B capex

    Sugar group Roxas Holdings, Inc. (RHI)incurred a net loss of R125 million for the first quarter of its fiscal year ending September 30, 2016 from a profit of R9 million in the same period last year. In a disclosure to the …

Investment More

  • Maynilad to invest P13.6B for water, waste water infra projects in 2016

    Maynilad to invest P13.6B for water, waste water infra projects in 2016

    Maynilad Water Services, Inc. (Maynilad) is investing  ₱13.6 billion this year for its water and wastewater infrastructure projects to help ensure sufficient water supply and pressure in the West Zone. In a statement, the Maynilad said that more than half of …

  • PSPC’s Korean parent gets $116.32M cash infusion from new investor

    PSPC’s Korean parent gets $116.32M cash infusion from new investor

    Phoenix Semiconductor Philippines Corporation’s (PSPC) Korean parent company, STS Semiconductor & Telecommunications, Co. Ltd. (STS), has found a white knight to provide it with a US$116.32 million cash infusion. In a disclosure to the Philippine Stock Exchange, PSPC said the STS …

  • Uber plans $1 billion China investment: report

    Uber plans $1 billion China investment: report

    Beijing, China | AFP -- Taxi hailing app Uber plans to invest seven billion yuan ($1.1 billion) in China, the Financial Times reported on its website, citing a company email. The paper said it obtained the message sent to Uber investors this week by its …

Banking More

  • Fed raises rate a quarter point to 0.25-0.50%

    Washington, United States | AFP  -  Fed raises rate a quarter point to 0.25-0.50%

  • For nine straight meetings, BSP keeps rates unchanged

    For nine straight meetings, BSP keeps rates unchanged

    The Bangko Sentral ng Pilipinas’ (BSP) Monetary Board  kept benchmark rates unchanged for nine straight meetings, with BSP finding inflation still benign and economic growth momentum on a path that is sustainable and supportive of monetary policy settings. “(BSP) observed that …

  • BSP likely to keep rates steady on Thursday- HSBC

    BSP likely to keep rates steady on Thursday- HSBC

    The Bangko Sentral ng Pilipinas is expected  to keep its key interest rates unchanged on Thursday, November 12, as the country’s economic growth remains resilient and liquidity is abundant, according to HSBC's latest Global Research report. “We have said for some …

Stock Market More

  • Toyota looks to tap Daihatsu to crack Indian small car market

    Toyota looks to tap Daihatsu to crack Indian small car market

    Noida, India — Toyota Motor Corp will start talks this week with its affiliate Daihatsu Motor to build and sell small cars in India, where it has so far struggled to crack the cheaper end of the market. The Japanese carmaker …

  • Chicago Stock Exchange to be sold to a Chinese group

    Chicago Stock Exchange to be sold to a Chinese group

    By Xinhua/China Daily News CHICAGO - The Chicago Stock Exchange announced on its website Friday that it has entered into a definitive agreement to be acquired by an investor group led by Chongqing Casin Enterprise Group (Casin Group). The Board of Directors of Chicago Stock Exchange has unanimously approved the transaction, the announcement said. But, it still needs to get regulatory approvals, and the final acquisition is expected to close in the second half of 2016. The terms of the transaction have not been disclosed. Chicago Stock Exchange CEO and President John Kerin said the acquisition is the best outcome for the clients, shareholders and the trading community as a whole "after an in-depth review of strategic alternatives for the exchange". It is learned that the Chinese company will preserve current business operations and proprietary trading platforms of Chicago Stock Exchange, and the management team will remain in place upon the closure of the transaction. Casin Group, headquartered in Chongqing, is a leading diversified holding company in China that has investments in financial services, real estate, and environmental services. It would be the first US stock exchange being purchased by a Chinese company. The 134-years-old stock exchange now handles about 0.5 percent of US stock trading.

  • D&L expects faster 2016 export growth

    D&L Industries, Inc., the country’s largest specialty plastics, food ingredients, and oleochemicals firm, expects its export business to bounce back to with a growth of at least 20 percent this year since the Manila port congestion has been resolved. “It is …

Shipping More

  • Canadian Pacific pursues merger talks with Norfolk Southern

    Omaha, Neb.– Canadian Pacific's Chief executive officer (CEO) remains focused on merging with Norfolk Southern railroad because he believes the potential benefits are compelling, but he's ready to abandon it if shareholders don't support it. Executives from both railroads spoke at …

  • Boeing plans to cut jobs, starting with management

    Boeing Co. said it plans to cut management jobs as part of a cost-cutting drive, as the aircraft builder deals with rising competition. The proposed cuts were announced by Boeing Commercial Airplanes Chief Executive Ray Conner during a wide-ranging internal presentation, …

  • Delta Air Lines CEO Anderson to retire; president takes over

    Delta Air Lines CEO Anderson to retire; president takes over

    New York— Richard Anderson, who oversaw Delta Air Lines' transformation into one of the world's most profitable airlines, will retire this May. His right-hand man, airline president Ed Bastian, will take over as chief executive officer (CEO), the Atlanta-based airline …

Business Agenda More

  • Credit access flows to farmers

    Fifty-two Agrarian Reform Beneficiary (ARB) cooperatives already benefitted from the microfinance (MF) capacity development program partnership of the Department of Agrarian Reform (DAR) and the Center for Agriculture and Rural Development, Inc. (CARD, Inc.) since the partnership started in 2008. ARB …

  • Top traits of entrepreneurs: Curious, upbeat, in charge

    Top traits of entrepreneurs: Curious, upbeat, in charge

    Entrepreneurs are people who “like to learn things, want to enjoy life, and like to be in charge and tell others what to do.” These are the top traits of entrepreneurs as perceived by respondents in the first Amway Entrepreneurial Spirit …

  • Madrid Fusion impacts PH country brand

    Madrid Fusion is an annual event that brings together the world’s best culinary minds. It is where the latest food trends are contemplated, the newest food philosophies are discussed, and where the best practices in restaurant management are shared. It …

Trade More

  • Cambodia`s rice, garment sectors push exports into record territory

    Cambodia`s rice, garment sectors push exports into record territory

    by The Phnom Penh Post/Maeil Business News Korea Cambodian exports grew by 17 per cent last year, driven by increases in shipments of rice and footwear, with garment export growth easing to a little under 7 per cent, according to a …

  • PH ambassador participates in ASEAN Committee of Lisbon Portugal business forum

    PH ambassador participates in ASEAN Committee of Lisbon Portugal business forum

        Philippine Ambassador to Portugal Philippe J. Lhuillier recently participated in a business forum co-organized by the ASEAN Committee of Lisbon Portugal (ACLP) and Portuguese consultancy firm Sociedade Portuguesa Inovação (SPI) in Porto, in the northern region of Portugal. The forum’s objective …

  • China economy shows more weakness as imports, exports fall

    China economy shows more weakness as imports, exports fall

    Beijing, China | AFP -- Chinese imports fell for a seventh straight month in May while exports also sank, data showed Monday, as the world's second biggest economy shows protracted weakness in the face of government easing measures. The disappointing figures also come as leaders …

Business Tech More

  • Globe and Canvas forge partnership

    Globe and Canvas forge partnership

    Globe Telecom has recently announced being the first and exclusive partner of Canvas in the Philippines. Canvas is a cloud-based software service that enables users to collect information using mobile devices, share that information, and integrate with existing backend systems. Canvas …

  • PLDT Smart SME Nation launches National Negosyo Sale and Techmobile for MSMEs

    PLDT Smart SME Nation launches National Negosyo Sale and Techmobile for MSMEs

    PLDT Smart SME Nation solidifies its support for the country’s bustling micro, small-and-medium enterprise (MSME) sector by holding a three-day sale event on IT and business productivity offerings catered to businesses looking to expand digitally. To help push the campaign …

  • Schneider Electric announcesty Go Green in the City 2016

    Schneider Electric announcesty Go Green in the City 2016

    The Philippines has had a hot streak of wins in international competitions. Through Schneider Electric’s Go Green in the City 2016 aims to win more. Schneider Electric, the global specialist in energy management and automation, launched the 6th edition of Go …