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  • BSP leaves key rates unchanged

    The Monetary Board, the policy-making body of Bangko Sentral ng Pilipinas (BSP),  left key overnight rates unchanged during yesterday’s second-to-the-last policy meeting for the year. BSP Governor Amando M. Tetangco yesterday said the inflation environment is “more manageable” than…

  • JG Summit earmarks P44-B capex to grow property, airline, banking units

    JG Summit Holdings, Inc., the investment arm of the Gokongwei group, is planning to match its P44-billion capital expenditure (capex) for 2014 next year with the bulk going to its property and airline businesses. In an interview, JG Summit…

  • 114 infra projects worth P769B set in 2 years

    The government has estimated investments of P768.81 billion to implement 114 core strategic projects over the next two years with the infrastructure program having the biggest share of 82.7 percent or 635.84 billion, according to the National Economic and…

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

  • BSP leaves key rates unchanged

    The Monetary Board, the policy-making body of Bangko Sentral ng Pilipinas (BSP),  left key overnight rates unchanged during yesterday’s second-to-the-last policy meeting for the year. BSP Governor Amando M. Tetangco yesterday said the inflation environment is “more manageable” than…

  • P2.1-B set to build rural bridges

    To the country’s agricultural communities, the national government has released P2.1 billion for the construction of bridges in those areas, the Department of Budget and Management (DBM) said. In a statement, the DBM said the fund was released to…

  • BSP slaps higher equity Tier 1 ratio on systemically – important banks

    BSP slaps higher equity Tier 1 ratio on systemically – important banks

    The central bank has increased the local large lenders’ core capital requirement after amending rules that improved the way it monitors and supervises the “too big to fail” banks. The new guidelines for “D-SIBs” or domestic systemically important banks…

Stock Market More

  • PSE-listed firms post combined P3.27-trillion profit in first half

    The consolidated revenues of companies listed at the Philippine Stock Exchange rose 28.8 percent to P3.27 trillion in the first half of 2014 from P2.54 trillion in the same period last year. The PSE reported that the combined first-half…

  • PSE delists Alphaland shares

    The Philippine Stock Exchange (PSE) has removed Alphaland Corporation from its Official Registry after the firm complied with the PSE-mandated tender offer to all its retail or non-strategic shareholders as of January 23, 2014. The PSE said this requirement…

  • Asian shares slip after China growth data

    Hong Kong – Asian markets mostly sank Tuesday, giving up much of their gains from the previous session, as data showing China’s economy growing at its slowest pace in five years trumped another positive lead from Wall Street. After…

Shipping More

  • DHL opens $10-M facility in Vietnam

    DHL Express, a leading express service provider, has announced the opening of its new DHL Country Office & South Service Center in Vietnam at 6 Thang Long Street, Tan Binh District, Ho Chi Minh City. The investment of over…

  • US expands Ebola airport checks; nurses get training

    Washington – The US government is closing a gap in Ebola screening at airports while states from New York to Texas to California work to get hospitals and nurses ready in case another patient turns up somewhere in the…

  • FedEx, UPS hire more workers for coming holiday season

    Dallas – Facing an even bigger mountain of packages this holiday season, FedEx and UPS are hiring more workers to avoid the delays that frustrated shoppers and gift-recipients a year ago. Last December, the delivery giants were caught off-guard…

Business Agenda More

  • Much, much ado about H&M Philippines

    Much, much ado about H&M Philippines

    No other store has created so much excitement in recent history than H&M, the Swedish retail brand that opened its doors in SM Megamall Fashion Hall to the Philippine public on October 17. The first customer, OC Iglesia, a…

  • Biggest PhilConstruct kicks off in November

    The Philippine economy remains bullish after posting a 7.2 percent growth in Gross Domestic Product in 2013. Led by the country’s industry sector, the economy is one of the fastest-growing in the world. One of its strongest pillars, the…

  • Mall to construct biggest solar rooftop in the Philippines

    Mall to construct biggest solar rooftop in the Philippines

    With the Philippines experiencing natural disasters that keep on increasing in strength and frequency in recent years, there is a great need for strategic disaster risk reduction and management, which can create shared value for business and society. This…

Trade More

  • PBC calls for urgent gov’t action on 8 areas

    The 40th Philippine Business Conference (PBC) has approved an 8-point recommendation highlighted by energy, power, human resource, port congestion, transport infrastructure,  ASEAN integration and agriculture as critical areas that require immediate government action. The PBC Resolutions, which is the…

  • Imported car sales jump 37% in Sept.

    Sales of imported cars expanded by 37 percent year-on-year in September ending the month with 3,043 units sold and bringing year to date sales to 27,013 units or 19 percent higher than 22,785 units sold in the same period…

  • 40th PBC urges consistent and harmonized investment policies

    Businessmen yesterday urged government to harmonize inconsistent investment policies and to honor contracts even from previous administrations to  keep and attract more investors in the country. Alfredo Yao, President of the Philippine Chamber of Commerce and Industry, told reporters…

Business Tech More

  • Tech Buzz

    • GLOBE MYBUSINESS LEADS TECH REVOLUTION IN PH MSMES, BOOSTS BUSINESS 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…

  • Canon boosts imagePROGRAF large-format printer lineup with launch of new series featuring  six-color pigment ink system

    Canon boosts imagePROGRAF large-format printer lineup with launch of new series featuring six-color pigment ink system

    Canon Marketing (Philippines) Inc. (CMPI) announced the introduction of two new imagePROGRAF large-format inkjet printers to the Philippine market—six-color iPF 6410SE and iPF8410SE. Canon makes sure that their machines all help in making businesses operations become simpler and more…

  • Dell PowerEdge servers for growing workload

    Dell PowerEdge servers for growing workload

    The S22420T is one of Dell’s devices designed to meet corporate needs. It’s a touch monitor, meant to maximize the use of Windows 8. It features multi-touch and full HD display.  It has a display manager, which allows customization…