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  • ABS-CBNmobile moves to live-streaming

    ABS-CBNmobile, a cellular phone service launched last year to create new possibilities for enjoying the broadcast network’s shows, celebrities, and other media content, now seeks to transform mobile phone usage in the country by live-streaming ABS-CBN programs, “Best of…
  • Low water level perils Angat power supply

    The plummeting water levels at the Angat dam will not only trigger scarce drinking water source for Metro Manila residents, but the integrated plant’s de-rated generation will also worsen tight electricity supply for the Luzon grid. A statement to…
  • Classroom PPP boosts Megawide profits to P1.4B, up 38% in 2013

    Megawide Construction Corporation posted a 38 percent hike in net income to P1.4 billion last year from P1.01 billion in 2012 due to an increase in contract revenues and higher operating efficiency. In a disclosure to the Philippine Stock…

Investment More

  • Mass housing dev’t maintained in 2014 Investment Priorities Plan list

    The draft 2014 Investment Priorities Plan (IPP) still continues to list mass housing as one of economic activities that could be eligible for income tax holiday (ITH) as mass housing developers stressed the need for incentives to make their…
  • PEZA registers 104% growth in investments at P35.4B in 2 months

    Investments registered with the Philippine Economic Zone Authority (PEZA) in the first two months of the year jumped 104.39 percent over the same period last year as investors, who failed to register in the last two months last year…
  • Iloilo draws P150 billion investments

    The country’s top six business conglomerates and foreign investors are investing over P150 billion in ongoing and future projects, one third of which goes to power ventures, in Iloilo, drawn by the province’s right business environment, quality human resources…

Banking More

  • Fed stimulus still needed, says Yellen

    New York – Federal Reserve Chair Janet Yellen said that the US job market still needs help from the Fed and that the central bank must remain intent on adjusting its policy to respond to unforeseen challenges. In her…
  • BSP to release new guidelines on anti-money laundering rules

    The Bangko Sentral ng Pilipinas (BSP) is set to release additional guidelines this year revising the monitoring and examination procedures of anti-money laundering/counter financing for terrorism. The BSP has released the first of the circular letters reinstating the 10…
  • State subsidies drop 9-fold in February

    The national government’s expenses in subsidizing the operation of some sate-owned and controlled companies dropped by more than nine-fold in February this year. Data from the Bureau of Treasury showed that subsidies to government owned and controlled corporations (GOCCs)…

Stock Market More

  • US stocks rise on Citi earnings, retail sales

    New York – US stocks rose decisively Monday after a solid earnings report from Citigroup and encouraging retail sales data, reversing course after deep losses late last week. The Dow Jones Industrial Average jumped 146.49 points (0.91 percent) to…
  • Once-soaring tech stocks sink in sobering comedown

    San Francisco – The stock market’s laws of gravity are ravaging its highest fliers. Just look at the list of technology trailblazers whose values have plummeted from record highs during the past few weeks. Investors have re-focused on safer…
  • Tech stocks lead market rout; Nasdaq plunges 3.1%

    New York – The tech-rich Nasdaq Composite Index Thursday led US stocks sharply lower as anxiety about pricey technology equities returned with a vengeance and dragged down the broader market. The Nasdaq tumbled 129.79 points (3.10 percent) to 4,054.11.…

Shipping More

  • Transport Summit slated on April 23

    The country’s major ports, logistics and import/export enterprises will hold a Transport Summit on April 23, 2014 at the Sofitel Philippine Plaza to discuss problems and prospects for the local cargo industry, the transport sector and allied industries. Organized…
  • Singapore Airlines taps F1 group for race sponsorship

    Singapore Airlines Ltd. said it has signed an agreement with Formula One Group to be the title sponsor for the Singapore F1 race. The national carrier replaces Singapore Telecommunications Ltd., which has been the title sponsor of the street…
  • CEB adds more domestic flights to meet summer season demand

    Cebu Pacific Air (CEB) is adding domestic flight frequencies to beach, diving and surfing destinations, to accommodate passenger demand during the peak summer season. CEB will add two weekly frequencies from both Manila and Cebu to Boracay (Caticlan). From…

Business Agenda More

  • PhilCare zeroes in on preventive health care

    PhilCare zeroes in on preventive health care

    In this day and age when pollution, stress and an unhealthy lifestyle seem to be the norm, the cliché “prevention is better than cure” holds true more than ever. Health statistics pose an alarming reality: according to the World…
  • ‘No signs of slowing down for IT-BPO sector’—DTSI Group

    Locally bred business enabler Diversified Technology Solutions, International Inc. (DTSI Group) sees no signs of slowing down for the Philippine Business Process Outsourcing (BPO) sector as global companies continue to express interest in considering the country as their outsourcing…
  • Annual international forum addresses urgent need for livable, resilient cities

    The Asia Society and the Urban Land Institute (ULI) recently convened leading global experts in Manila last March 11 to 13 for the second Annual Pacific Cities Sustainability Initiative (PCSI) Forum. An invitation-only group of urban sustainability experts from…

Trade More

  • AmCham seeking income tax reduction for local shipping firms

    The American Chamber of Commerce (AmCham) of the Philippines has urged the government to reduce the income tax for domestic shipping firms to level the playing field with foreign ships as part of an amendment to the country’s cabotage…
  • Auto firms eye assembly of e-vehicles

    Auto firms eye assembly of e-vehicles

    Car manufacturers are looking at e-vehicles as an alternative vehicle to assemble in the country if the bills pending in Congress will provide government support for the local production of  environment friendly cars, according to Toyota Motor Philippines Corp.…
  • Gov’t seizes P6.24 B worth of counterfeit goods

    A record P6.24 billion worth of counterfeit goods have been seized in the first quarter this year, the Intellectual Property Office of the Philippines (IPOPHL) reported ahead of the upcoming release of the 2014 Special 301 Report where the…