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  • Retailer SSI prices $166M IPO at top end of guidance

    Philippine specialty retailer SSI Group Inc priced its initial public offering (IPO) at the top end of its indicative range, allowing it to raise $166 million in the country’s third and biggest maiden share sale this year. The offer…

  • NLEX-SLEX Connector Road project hangs; MPIC to decide on way to do it

    The long overdue construction of the P18-billion North and South Luzon Expressway (NLEX-SLEX) Connector Road faces further delay as the government had decided to let the private proponent decide on what option to take in order to pursue the…

  • Asiamoney names BDO ‘Best domestic bank’

    BDO Unibank Inc.’s (BDO) has been recognized by foreign business and finance publication for its leadership in the country’s banking sector, citing particularly its strong standing in assets, loans and deposits segments. Asiamoney, a division of global media group…

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  • 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

  • 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…

  • Banks too obsessed with collateral – Tetangco

    Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. yesterday said banks have become too collateral-based in its lending decisions and this barred borrowers with stable cash flows from accessing credit. Tetangco was commenting on the BSP’s revised…

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

  • Dragonair named  ‘Best Regional Airline’ for fifth consecutive year

    Dragonair named ‘Best Regional Airline’ for fifth consecutive year

    Dragonair has once again been named ‘Best Regional Airline’ at the 25th Annual TTG Travel Awards Ceremony held this year in Bangkok, making it the carrier’s fifth consecutive year to be given this honor. “We are delighted to be…

  • After huge jet orders, budget airlines eye rich seam of aircraft leasing

    Singapore/Paris – From Scandinavia to Southeast Asia, low-cost airlines have ordered record numbers of planes in recent years, redefining the jet industry. Now they plan to lease out scores of their new planes, re-ordering the aviation business all over…

  • Canadian Pacific CEO says rail deal possible

    The CEO of Canadian Pacific thinks U.S. regulators would approve a well-structured railroad merger, but nothing is planned now that talks with CSX ended. CEO Hunter Harrison said during a conference call Tuesday he doesn’t agree with the view…

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

  • 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…

  • US floats cutting tobacco from part of Pacific trade pact talks

    Washington– The United States has floated excluding tobacco products from a key section of a 12-nation Pacific trade deal and signaled it may present a formal proposal to trading partners at talks in Australia, sources briefed on the negotiations…

  • EU Council endorses Philippines for GSP+

    The Council of the European Union (EU) has endorsed  the Philippines as among   beneficiary countries of the EU’s Generalized System of Preferences Plus (GSP+), which grants zero duty to over 6,000 eligible exports to EU countries. The EU statement…

Business Tech More

  • Tech Buzz

    • New Robinsons App for Better Navigation The Robinsons Mall mobile app is the Philippines’s first interactive, easy-to-use shopping guide. Its graphic interface allows users to find their favorite stores, record their parking space, not to mention get announcements…

  • Epson drives intuitive mobile printing experience

    Epson drives intuitive mobile printing experience

    Underscoring its commitment to creating a better, easier and more accessible user experience for mobile printing, Epson recently announced it has launched the first Mopria-certified printers for home and business. The need for mobile printing is increasing in tandem…

  • Brains and Brawn

    Brains and Brawn

    The Singapore Grand Prix held last month was not only a test of skill but a test of what it was like to be in perfect harmony with technology. As early as the 1950’s, the Lotus F1 Team has…