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  • Pagcor remits P5-B in cash dividends to national coffers

    Pagcor remits P5-B in cash dividends to national coffers

    The Philippine Amusement and Gaming Corporation (Pagcor) has remitted P5 billion in total cash dividends to the Bureau of Treasury (BTr), the biggest one-time dividend windfall to the national government  in nearly three decades of its existence. Pagcor Chairman…

  • PSEi closes at 22nd record high this year

    PSEi closes at 22nd record high this year

    Local share prices surged on a slew of positive news from abroad, sending the Philippine Stock Exchange index past the 8,000 mark for the first time in history. The PSEi peaked at 8,007.98 intra-day before dropping on profit-taking just…

  • Max’s sets P500M to build 90 stores

    Max’s sets P500M to build 90 stores

    Max’s Group Inc. is allotting P500 million for capital expenditures this year to open 80 to 90 new franchised and company-owned stores as part of its continued expansion in the Philippines and overseas. In an interview, Max’s chief financial…

Investment More

  • Sta.Lucia expands landbank nationwide

    Sta.Lucia expands landbank nationwide

    Listed company Sta. Lucia Land Inc. (SLI) has expanded its landbank by 176 hectares through joint ventures and acquisitions. In a disclosure to the Philippine Stock Exchange, the firm said it entered into 16 joint venture agreements in Davao,…

  • Ortigas & Co. invests P6.3B to develop two residential towers

    Ortigas & Co. invests P6.3B to develop two residential towers

    Property developer Ortigas & Co. is investing P6.3 billion to develop two residential towers, The Royalton and The Imperium, at its Capitol Commons mixed use project. In a statement, the firm said the two towers have earned the distinction as…

  • Maynilad to build P1B sewage treatment plant in Muntinlupa

    Maynilad Water Services, Inc. (Maynilad) awards the construction of its P1.044-billion sewage treatment plant in Muntinlupa City to the J.E. Manalo-Degremont group. In a statement, Maynilad said J.E. Manalo will provide the civil works while Degremont will provide the…

Banking More

  • China yuan falls in global payment rankings – Swift

    China yuan falls in global payment rankings – Swift

    Shanghai, China – China’s yuan has dropped to seventh place among the world’s payments currencies, global transactions organisation SWIFT said Monday, even as Beijing tries to push greater international use of the unit. The yuan — also known as the renminbi…

  • Most banks to close operations during Holy Week

    Most banks to close operations during Holy Week

    In observance of the Holy Week, some banks have announced that their banking operations will be closed from Thursday to Sunday, April 2 to April 5, 2015. Bank of the Philippine Islands (BPI), BDO Unibank, Inc. (BDO), Security Bank,…

  • Metrobank’s P32B Stock Rights Offer to close Friday

    Metrobank’s P32B Stock Rights Offer to close Friday

    Metropolitan Bank and Trust Company (Metrobank) said it is scheduled to close its P32 billion stock rights offer tomorrow, March 27. The stock rights offer  is expected to support the bank’s growth and to further enhance its capital ratios.…

Stock Market More

  • PSEi breaches 8,000 level, but profit-taking pared most gains

    PSEi breaches 8,000 level, but profit-taking pared most gains

    Local share prices surged on a slew of positive news from abroad, sending the Philippine Stock Exchange index past the 8,000 mark for the first time in history. The PSEi peaked at 8,007.98 intra-day before dropping on profit-taking just…

  • PSE index posts record close at 7,871.10

    PSE index posts record close at 7,871.10

    The Philippine Stock Exchange index (PSEi) posted a record close of 7,871.10, up by 34.76 points or 0.4 percent on Thursday’s session. The previous record close was 7,861.33 on March 6. “The country’s benchmark index closed ahead of its Asian counterparts as investors anticipate…

  • Asian markets mostly up after US, Europe gains

    Hong Kong, China – Asian markets mostly advanced Monday following rallies on Wall Street and in Europe, while the dollar continued to struggle after the Federal Reserve dampened expectations for an early interest rate hike. Tokyo ended 0.99 percent higher, adding…

Shipping More

  • Lufthansa okays 2-crew in cockpit rule

    Berlin – Lufthansa said on Friday it would introduce new rules requiring two crew members in cockpits at all times, a swift reversal after its CEO said such a change was not needed despite the crash at its Germanwings…

  • Top Thai budget airlines see better traffic

    Bangkok – Thailand’s biggest budget carriers, Thai AirAsia and Nok Airlines, expect passenger numbers to rise by nearly a fifth this year as the outlook for the tourism industry improves, executives from both companies said on Friday. Thailand’s tourist…

  • Passenger traffic in Asia Pacific grows 11.9% in February

    Passenger traffic and air cargo volume in the Asia-Pacific region showed a strong growth in February 2015, according to the  Association of Asia Pacific Airlines (AAPA). AAPA said that a total of 21.8 million international passengers flew on the…

Business Agenda More

  • Losing one of our best  in Liam Madamba (Part 2)

    Losing one of our best in Liam Madamba (Part 2)

    Two Mondays ago, I wrote about the suicide of 18-year-old Liam Madamba, an honor student at the British School Manila (BSM). The piece was a narration of the events that preceded Liam’s death, based on the accounts of his…

  • Method to their madness

    Method to their madness

    EMMANUEL PORTUGAL Country Manager for the Philippines, VMware   I look after the garden. I’d like to think that I have a green thumb—no plants have died so far! The ones I like now that I planted a few…

  • How do you file your income tax returns?

    How do you file your income tax returns?

    It is a no-brainer that we should broaden our taxpayer base if we want to unburden the registered taxpayers who are already harassed in increasing their tax payments to meet the revenue goal. Are we not supposed to make…

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

  • Aboitiz to raise P25b from retail bonds

    Aboitiz Equity Ventures, Inc. (AEV) is planning to raise up to P25 billion from the issuance of fixed-rate retail bonds, inclusive of over subscription to fund its continued expansion. In a disclosure to the Philippine Stock Exchange, AEV said…

  • Tech Buzz

    • CONSUMER SENTIMENT ON PAYMENTS EVOLVES FROM “WHY MOBILE?” TO “WHAT’S NEXT?” IN 24 MONTHS According to the latest MasterCard research, consumers have shifted their focus from questioning the security of mobile payments to now discussing the possibilities of…

  • FreeSync technology has arrived in the PH

    FreeSync technology has arrived in the PH

    No stuttering. No tearing. No extra costs. Just smooth gaming. Those are pretty straightforward and reasonable requests from gamers, right? Today it becomes reality with the latest AMD Catalyst driver release. This is our first driver with AMD FreeSync…