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  • Gold Soars as investors seek haven following Brexit

    Gold Soars as investors seek haven following Brexit

    By Ese Erheriene   London – When gold dealer Mark O'Byrne entered his Dublin office two hours early on Friday morning, the phones were already ringing. Bullion dealer GoldCore opened its doors at 7 a.m. in anticipation of anxious investors looking to hedge against …

  • Brexit is credit negative for UK – Moody’s

    Brexit is credit negative for UK – Moody’s

    The United Kingdom’s (UK) decision to leave the European Union (EU) will lead to a prolonged period of uncertainty that will weigh on the country's economic and financial performance and will be credit negative for the UK sovereign and other …

  • Aquino sets last economic team meeting

    Aquino sets last economic team meeting

    For the last time, the Aquino administration’s economic team will meet next week to discuss the government’s macroeconomic assumptions and targets, which will be passed on to President-elect Rodrigo R. Duterte on June 30. Inter-agency Development Budget Coordination Committee (DBCC), chaired …

Investment More

  • Incoming DOF spokesperson cites rise in net foreign buying in PSE

    Incoming DOF spokesperson cites rise in net foreign buying in PSE

    By Joann Santiago, Philippine News Agency MANILA, June 15 -- Incoming Department of Finance (DOF) Spokesperson Paola Alvarez has noted a rise in net foreign buying in the Philippine Stock Exchange (PSE) from May to June 10 this year, attributing this …

  • Anonymous bidder pays $3.46 million for Warren Buffett lunch

    Anonymous bidder pays $3.46 million for Warren Buffett lunch

    By Jonathan Stempel and Joseph Ax, Reuters An anonymous bidder agreed at auction to pay $3,456,789 to eat lunch with Warren Buffett, tying the record for the right to dine with one of the world's most admired investors.   Money will go to …

  • Students seeking sugar daddies for tuition, rent

    Students seeking sugar daddies for tuition, rent

    By Sarah Skidmore Sell, AP Business Writer Candice Kashani graduated from law school debt-free this spring, thanks to a modern twist on an age-old arrangement. During her first year, she faced tuition and expenses that ran nearly $50,000, even after a scholarship. …

Banking More

  • Japan signals readiness to intervene as Brexit boosts yen

    Japan signals readiness to intervene as Brexit boosts yen

    By Tetsushi Kajimoto and Minami Funakoshi, Reuters TOKYO, June 24 - Japan will respond as needed to "extremely nervous" currency moves following Britain's vote to leave the European Union, Finance Minister Taro Aso said on Friday, signalling a readiness to intervene …

  • PDIC urges depositors to always keep records of their bank transactions

    PDIC urges depositors to always keep records of their bank transactions

    ILOILO CITY, June 17 -- The Philippine Deposit Insurance Corporation (PDIC) will be embarking on more advocacies following the signing of the Deposit Insurance Law by President Benigno S. Aquino III. PDIC president Cristina Que Orbeta, during an interview at the …

  • Philippines keen on raising debt via sukuk, yuan borrowings

    Philippines keen on raising debt via sukuk, yuan borrowings

    By Manolo Serapio Jr and Enrico Dela Cruz, Reuters MANILA, June 3 - The Philippines' incoming finance minister is looking at raising debt via sukuk bonds and yuan borrowings in a bid to diversify its debt profile as it aims for …

Stock Market More

  • Global stocks tumble after Britain votes to leave the EU

    Global stocks tumble after Britain votes to leave the EU

    By Marley Jay, AP Markets Writer NEW YORK - Stocks are plunging in the U.S. and worldwide Friday after Britain voted to leave the European Union. The result stunned investors, who reacted by rushing to the safety of gold and U.S. …

  • Asian markets slump amid expectations Fed will raise rates

    Asian markets slump amid expectations Fed will raise rates

    Asian stock markets fell in subdued trading Tuesday amid rising expectations the U.S. Federal Reserve may raise interest rates in June. KEEPING SCORE: Japan's benchmark Nikkei 225 fell 0.9 percent to close at 16,498.76 as the yen continued to strengthen, casting …

  • Asia markets cautious ahead of more US rate hike news

    Asia markets cautious ahead of more US rate hike news

      Hong Kong, China - Asian stock markets moved cautiously Monday as investors sat tight for fresh news on a possible US rate hike and after a G7 finance ministers' meeting saw Tokyo pressed not to weaken its currency. Global stocks rallied in the …

Shipping More

  • Indonesia bans ships from sailing to Philippines after kidnapping

    Indonesia bans ships from sailing to Philippines after kidnapping

    Jakarta banned Friday any Indonesian-flagged vessels from sailing to the Philippines, the transport ministry said, after yet another violent kidnapping in the strife-torn waters between the two nations. The ruling was issued after the government confirmed seven Indonesian sailors were kidnapped …

  • IMO Sec-Gen Kitack Lim to grace PH’s ‘Day of the Seafarer’ celebration

    IMO Sec-Gen Kitack Lim to grace PH’s ‘Day of the Seafarer’ celebration

    International Maritime Organization (IMO) Secretary General Kitack Lim will be the guest of honor and keynote speaker at today’s celebration of the “2016 International Day of the Seafarer” in the Philippines at the SMX Convention Center, Pasay City. The celebration dubbed …

  • Enlarged Panama Canal to boost US-Asia trade

    Enlarged Panama Canal to boost US-Asia trade

    Panama City  – With its capacity boosted by nearly three times, Panama's enlarged canal – set to be inaugurated on Sunday – is expected to stimulate trade between the United States and Asia, and steal business from the rival Suez …

Business Agenda More

  • Caltex fuels STEM education in Davao City

    Caltex fuels STEM education in Davao City

    Chevron Philippines, Inc. (CPI), marketer of Caltex fuels and lubricants, has announced it will make significant investment for the public high schools in Davao City. CPI also encouraged other businesses to do so all over the country. CPI Country Chairman Peter …

  • Restructuring credit card debt just got better

    Restructuring credit card debt just got better

    Banks and affiliate credit card companies have an effective way of assisting problematic credit cardholders to restructure unpaid debts and it just started this month. It began when the Bangko Sentral ng Pilipinas (BSP) first broached the idea to the members …

  • In business: Calculate your risk

    In business: Calculate your risk

    Alan S. Descalzo, franchise owner of Beanleaf Coffee, Tea and Sausages in Sucat, Parañaque, is not a stranger in the food business. He grew up in a family of entrepreneurs, mostly in the seafood distribution and in running a retail store. …

Trade More

  • Baldoz wants illegal recruiters penalized by death

    Baldoz wants illegal recruiters penalized by death

    By Ferdinand G. Patinio, Philippine News Agency MANILA, June 19 -- Outgoing Department of Labor and Employment (DOLE) Secretary Rosalinda Baldoz urged President-elect Rodrigo Duterte to consider imposing death penalty to those involved in illegal recruitment activities victimizing aspiring overseas Filipino …

  • Corporate Giveaways Buyers’ Show set June 21-23

    Corporate Giveaways Buyers’ Show set June 21-23

    The country’s longest-running corporate gifts show, Corporate Giveaways 2016, will showcase thousands of corporate gifts and giveaways, promotional items and creative solutions. The Corporate Giveaways Buyers’ Show, now on its 29th year, will be held on June 21-23 at the SMX Convention …

  • Pakistan province allocates $2 million for transgenders

    Pakistan province allocates $2 million for transgenders

    PESHAWAR, Pakistan, June 15, 2016 - A Pakistani province has allocated nearly $2 million for transgenders after a series of violent attacks, with officials saying the money will be used to provide training and support for the vulnerable community. The …

Business Tech More

  • PSPC leaps into next-gen memory chip production

    PSPC leaps into next-gen memory chip production

    Phoenix Semiconductor Philippines Corp. (PSPC) has put into high gear its manufacturing system for the production of the next-generation DDR4 platform of dynamic random access modules (DRAM) and flip-chip memory devices. Fresh from the renewal of its strategic partnership pact with …

  • Introducing industry-first hybrid cloud system  to simplify and minimize risks of cloud adoption

    Introducing industry-first hybrid cloud system to simplify and minimize risks of cloud adoption

    Dell recently announced the expansion of its cloud portfolio with a new hybrid cloud solutionat its Dell User Forum 2016 held in Manila. Featuring technology jointly developed with Microsoft,the new hybrid cloud solution is designedto break down the barriers customersexperience …

  • ADP, Globe in PH Joint Client Forum to ease payroll compliance

    ADP recently teamed with Globe Telecom, a leading Philippines full-service telecommunications company and ADP reseller, to help local payroll executives explore ways to manage the dynamic, technology-driven and global impacts of changing payroll compliance regulations in their region. The joint forum, …