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  • SM Prime net income surges 176% to P12.6B in first quarter

    SM Prime net income surges 176% to P12.6B in first quarter

    SM Prime Holdings, Inc. (SM Prime), one of the leading integrated property companies in Southeast Asia, reported a 176 percent surge in consolidated net income to P12.6 billion in the first quarter of the year. In a disclosure to…

  • BSP FX swaps total $3.35B

    BSP FX swaps total $3.35B

    The Bangko Sentral ng Pilipinas (BSP) transacted $3.347 billion foreign exchange swaps at the end of the first quarter with a residual maturity of up to one month only, based on the latest data. In 2014, the BSP has…

  • ADB will maintain standards when  cooperating with China-backed  AIIB

    ADB will maintain standards when cooperating with China-backed AIIB

    Baku, Azerbaijan – The Asian Development Bank (ADB) said on Saturday that it was ready to work with the China-led Asian Infrastructure Investment Bank (AIIB) so long as standards were met, while also announcing changes to boost its own…

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  • Hyundai invests P1.2B in Calamba logistics facility

      Hyundai Asia Resources Inc. (HARI), the local distributor of Hyundai motor vehicles in the country, has invested P1.2 billion for a 10-hectare logistics complex to consolidate its stockyard, parts  warehouse, and distribution processes in Calamba, Laguna. HARI President…

  • Singapore Telecom to buy US cybersecurity firm for $810M

    Singapore Telecom to buy US cybersecurity firm for $810M

    Singapore Telecom (Singtel) said Wednesday it will buy almost all of US cybersecurity firm Trustwave for $810 million, saying it was looking to become “a global player” in the sector. Southeast Asia’s biggest telecom firm by revenue said it…

  • 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,…

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  • Taiwan not among 57 charter members of China’s Asian Bank

    Taiwan not among 57 charter members of China’s Asian Bank

    BEIJING — China on Wednesday announced the 57 charter members of the proposed Chinese-led Asian Infrastructure Investment Bank, with longtime rival Taiwan left off the list despite expressing a desire to join. Taiwan’s exclusion means it won’t participate in…

  • WB urges PH to improve financial consumer protection regulation

    The World Bank (WB) said the Philippines should improve its financial consumer protection regulatory environment. “Philippines compares well with other economies on its approach to consumer protection in the banking sector although there is no international best practice in…

  • ECB says banking sector continuing to heal

    ECB says banking sector continuing to heal

    Frankfurt, Germany – Europe’s battered financial sector is showing further signs of healing and the European Central Bank’s raft of different policy measures are contributing to this, a key ECB survey showed on Tuesday. The ECB said its quarterly bank lending…

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  • Safer packaging sought for lithium battery air cargo

    Montreal  – A United Nations civil aviation-led panel has called for improved, fire-resistant packaging to ship lithium batteries, which pilots and plane makers say pose a fire risk. The International Civil Aviation Organization’s (ICAO) dangerous goods panel agreed this…

  • MRT3 maintenance contract gets sweetened

    MRT3 maintenance contract gets sweetened

    The government is including the general overhaul of the aging Metro Rail Transit (MRT) 3 fleet in the three-year maintenance contract as a sweetener to attract bidders to the highly risky project. According to MRT 3 general manager Roman…

  • AMOSUP hails  gov’t, employers on efforts to upgrade seafarers’ skills

    AMOSUP hails gov’t, employers on efforts to upgrade seafarers’ skills

    The general membership of Associated Marine Officers’ and Seamen’s Union of the Philippines (AMOSUP)-PTGWO-ITF, headed by its chairman-president Dr. Conrado F. Oca, hailed the country’s seafarers for their continued contribution to the country’s national development as they work vigilantly…

Business Agenda More

  • Cut down our taxes!

    Cut down our taxes!

    In the recent Asia Finance Summit, which brought together the country’s most senior industry leaders to discuss the challenges and opportunities for Southeast Asia’s fastest growing industry, the Philippine tax system was mentioned as one of the key factors…

  • Making business ecosystems work locally

    In the ’30s, the Bristish biologist Arthur Tansley coined the word “ecosystem” to refer to a localized community of organisms interacting with each other and their physical environment. Taking off from the natural world, strategist James Moore in his…

  • Jacques Menier

    Jacques Menier

    Jacques Menier, heritage director of Martell Cognac, was in town recently to help celebrate the brand’s 300th birthday at the Tasting Room of Crown Towers, City of Dreams. Jovial, generous with his thoughts, and blessed with a distinguished shock…

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  • 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

  • Tech Buzz

    • VIEWSONIC TARGETS SMES WITH NEW LIGHTSTREAM PROJECTORS ViewSonic Corp. introduces the new LightStream Series – multimedia projectors with high audio and visual features to meet the needs of small- to medium-sized business and consumers from presentation. ViewSonic brings…

  • Brother unveils refill tank system multi-function centers

    Brother unveils refill tank system multi-function centers

    Brother International Philippines Corporation introduces its new line of Refill Tank System Multi-function Centers (MFCs) at the recent presscon for Brother Color Manila Nite Run: Blacklight Edition. Focusing on its ‘Customer-First’ approach, Brother Philippines further strengthens its line of…

  • Pacquiao-Mayweather fight updates with SafeZone

    Pacquiao-Mayweather fight updates with SafeZone

    Fans of Manny Pacquiao will have access to more updates and special content free-of-charge via  SafeZone (http://www.safezone.ph/), a platform for free data access to various digital brands, as Voyager Innovations, Inc. (Voyager) beefs up the service to include pre-fight…