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  • BIR exceeds sin tax collection goal

    BIR exceeds sin tax collection goal

    The Bureau of Internal Revenue (BIR) has exceeded anew its sin tax collection target in the first nine-months of the year due to almost double than expected excise tax payments by cigarette companies. Data from the Department of Finance…

  • Puregold to spend P18.5B to expand store network

    Puregold to spend P18.5B to expand store network

    Puregold Price Club Inc., a chain of Philippine hypermarket and membership-based supermarkets, plans to spend as much as P18.5 billion to boost its network of outlets by half in the next five years. The retail chain started by businessman…

  • Century posts P1.6-B sales from Azure North

    Century posts P1.6-B sales from Azure North

    Century Properties Group, Inc. is seeing strong uptake of units in the P14-billion Resort Residences at Azure North, with pre-sales already amounting to P1.6 billion. This is CPGI’s first development in San Fernando, Pampanga and its first foray into…

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

  • Britain probes air traffic failure

    London – Britain will set up an inquiry into a technical failure at an air traffic control center that caused widespread disruption to London flights last week, an investigation that the transport minister said should be completed by March.…

  • Shipping groups modify clauses in contracts

    London – Some of the shipping industry’s biggest trade associations are modifying freight contracts to reduce commercial exposure for companies whose ships travel to countries affected by the Ebola outbreak and to protect crews from the deadly virus. Uncertainty…

  • Garuda Indonesia newest member of 5-Star Airlines

    Garuda Indonesia has been named the newest member of the exclusive group of 5-Star Airlines by Skytrax, the world’s leading airline and airport review specialists. The exclusive, top-tier 5-star rating is only awarded to airlines achieving the highest quality…

Business Agenda More

  • Adapting the CSV business model

    Adapting the CSV business model

    While the Philippines has been enjoying continued, if not sustained, growth in the last few years, it is a fact that the decrease of poverty incidence has not been proportional to economic gain. Some regard it as “concentrated growth”—one…

  • K-12: Good for the economy, maritime education industry

    K-12: Good for the economy, maritime education industry

    While this end-of-calendar article is about education, it is also about how the opportunities and challenges in the coming two to three years (Think ASEAN integration plus the opening of Senior High School (SHS) stage of K-12), which would…

  • Experts tapped to teach for non-profit

    Experts tapped to teach for non-profit

    Great leaders know how to lead and teach. In an effort to expand their advocacy of helping improve the students’ education by harnessing knowledge of leaders as teachers, Teach for the Philippines recruited key leaders in both the public…

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

  • Globe is an official ICT partner of APEC

    Globe Telecom takes in the important task of handling the information and communication technology requirements of the Asia Pacific Economic Cooperation (APEC) 2015 to be hosted by the Philippines beginning this month until November next year. As an official…

  • Epson ships 100 millionth HTPS panel for 3LCD projectors

    Epson ships 100 millionth HTPS panel for 3LCD projectors

    Seiko Epson Corporation recently announced that it had shipped its 100 millionth high-temperature polysilicon (“HTPS”) TFT liquid crystal panel for 3LCD projectors, enough for more than 33.3 million projector units. Epson began developing HTPS, the core devices at the…

  • Tech Buzz

    • FORTINET REVEALS “INTERNET OF THINGS: CONNECTED HOME” Fortinet has released the results of a global survey that probes home owners about key issues pertaining to the Internet of Things (IoT). Independently administered throughout 11 countries, the survey titled,…