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  • MPIC outbids SMC on P55.5-B CALAX project

    MPIC outbids SMC on P55.5-B CALAX project

    The Metro Pacific Investment Corp. yesterday edged out San Miguel Corp. after posting the highest premium bid for the P55.5-billion Cavite-Laguna Expressway (CALAX) project. Metro Pacific unit MP CALA Holdings, Inc. offered to construct CALAX and to pay government…

  • IMF keeps 6.7% GDP growth forecast this year

    IMF keeps 6.7% GDP growth forecast this year

    The International Monetary Fund (IMF) is keeping its growth forecast for the Philippines of 6.7 percent this year and 6.3 percent for 2016, although it sees a slightly higher inflation estimate for 2015. The IMF has just concluded its…

  • DTI backs competition, cabotage measures

    DTI backs competition, cabotage measures

    The Department of Trade and Industry (DTI) pushes for the immediate enactment of bills on Competition Law and Cabotage Law amendments stressing both measures will significantly improve the country’s business climate. DTI’s Liaison Office for Legislative Affairs Supervising Undersecretary…

Investment More

  • Century Properties to invest P27B in five years

    Century Properties to invest P27B in five years

    Century Properties Group, Inc. is investing P27 billion over the next five years to beef up its real estate portfolio which includes economic housing, residential towers, leasing property, and leisure and tourism projects. In an analysts’ briefing, Century Properties…

  • 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…

Banking More

  • Industry laments few job takers in insurance sector

    Industry laments few job takers in insurance sector

    Very few young people are applying for jobs in the insurance sector while the quality of talent entering the industry is lacking, the Philippine Insurers and Reinsurers Association (PIRA) said. During the recent ASEAN Insurance Council Meeting held in Malaysia,…

  • BPI’s profit jumps 36% to P4.9B in Q1

    Bank of the Philippine Islands (BPI) said it registered a 36 percent jump in net income to P4.9 billion in the first quarter of 2015, citing sustained growth in lending and fee businesses. This translates to an annualized return…

  • Greece to plead leeway as IMF cash crunch looms

    Greece to plead leeway as IMF cash crunch looms

    by Alex PIGMAN Brussels, Belgium  – Greece will plead for leeway from an unwavering Europe on Monday, in a fresh effort to free up cash after months of deadlock in bailout talks. The eurozone’s 19 ministers meet in Brussels one day…

Stock Market More

  • Property, power remain favored issues

    Property and power issues still remain as the ideal stocks at the local stock market, which is expected to trade higher in the next few days on the back of the anticipation towards the first quarter gross domestic product…

  • Euro turns down ahead of Greece debt meeting

    Euro turns down ahead of Greece debt meeting

    Tokyo, Japan– The euro slipped in Asia on Monday ahead of a crucial eurozone meeting that Greece hopes will pave the way for a long-awaited bailout deal, while the dollar picked up on a strong US jobs report. In Tokyo, the…

  • Power, consumer firms also appealing

    While consumer and property companies remained one of the best bets among stocks, power firms may also perform better in the next few days despite a most likely sluggish trading week. Luis Limlingan, the managing director at Regina Capital…

Shipping More

  • New CEO plans complete revamp of Malaysian Airlines

    Kuala Lumpur – Loss-making Malaysia Airlines is set to undergo a complete overhaul as it is restructured into a new company, with a rebranding that will be unveiled next week and changes planned to its fleet and network strategies.…

  • Mejia hails new merchant marine officers

    Mejia hails new merchant marine officers

    Maritime Industry Authority (Marina) Dr. Maximo Q. Mejia Jr. described as the “new image” of Filipino seafarers the new marine deck and engine officers who passed licensure examinations conducted by Marina in accordance with Republic Act No. 10635, the…

  • Solar Impulse’s global journey delayed

    Nanjing, China – The most challenging leg of Solar Impulse 2′s landmark flight around the world powered only by the sun was delayed on Tuesday due to concerns about the weather, organizers said. The single-seater aircraft was due to…

Business Agenda More

  • Making a difference

    Making a difference

    I am a Metrobank Foundation scholar. Just before I went to college, our family business went bankrupt. My father, who didn’t finish college, had set up a cargo forwarding business through hard work and the generous help of his…

  • Method to their madness

    Method to their madness

    Dr. Peter Chee President and CEO of ITD World ‘I have two things that I do daily. One is I look at my vision board and say aloud my affirmation. I visualize and create the feeling that I have…

  • Daniel Grow

    Daniel Grow

    Daniel Grow is the embodiment of premier U.S. furniture brand Ethan Allen’s core design philosophy: “Classic Design. Modern Perspective.” The savvy Senior Vice President of Business Development for Ethan Allen flew in last month for the launch of the…

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

  • Smart Infinity unveils ‘bespoke’ premium postpaid plans

    Smart Inifinity introduces four new premium plans to the market, each catering to what best suits the subscriber’s digital routine. “These new plans are, by far, the most bespoke services we’ve offered in the history of Smart Infinity. This…

  • San Beda crosses the Online Chasm

    At the Alabang Campus of San Beda College, students in the coming semesters will have the privilege of doing much more online check email and update their Facebook status. They will access course syllabi, access reading materials, have student-to-student…

  • Tech Buzz

    • EPSON PH COUNTRY MANAGER HEADS REGION, TWO OTHER SEA COUNTRIES Starting June 2015, in addition to being Epson Philippines Corporation’s (EPC) President/Country Manager, Toshimitsu Tanaka will hold concurrent positions as Managing Director of Epson’s Regional office (Epson Singapore…