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  • DTI sets expanded consumer protection law to include online shopping, e-commerce

    DTI sets expanded consumer protection law to include online shopping, e-commerce

    The Department of Trade and Industry (DTI) has sought to further tighten consumer protection as it expands jurisdiction to include online shopping and e-commerce transactions as well as clothe itself with police powers to padlock violating enterprises, which will…

  • Local Daikin sales soared 170% in 2014, bets on residential market

    Local Daikin sales soared 170% in 2014, bets on residential market

    Daikin, Japanese cooling systems provider, aims P2 billion sales turnover for fiscal year 2015 after a robust 170 percent increase in gross sales in 2014 as the company launches small capacity split-type air-conditioning unit targeting a bigger share of…

  • NGCP completes Mindanao power transmission backbone

    The backbone of the country’s power transmission highway in Mindanao has finally been completed with the looping and energization of the 230-kilovolt (kV) Abaga-Kirahon line. Transmission firm concessionaire National Grid Corporation of the Philippines (NGCP) has noted that the…

Investment More

  • Capitol Steel invests P1.8B  for plant modernization

    Capitol Steel invests P1.8B for plant modernization

    Capitol Steel Corp. is investing P1.8 billion for a two-phased modernization program of its reinforcing steel bars (rebars) manufacturing plants in Quezon City in anticipation of brisk  demand in light of the country’s bullish construction industry. The company has…

  • 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…

Banking More

  • To combat fraud, Visa wants to track your smartphone

    To combat fraud, Visa wants to track your smartphone

    NEW YORK — Those days of calling your bank to let them know that, yes, you really are in Thailand, and yes, you really did use your credit card to buy $200 in sarongs, may be coming to an…

  • BPI looking at M&A as it braces for competition

    Bank of the Philippine Islands, the country’s most profitable and valuable lender, is looking for acquisition opportunities as it pursues growth ahead of greater competition, its top official said on Friday. Cezar Consing, president of BPI, said the bank…

  • Gov’t seals WB funding for Cebu BRT

    The national government and the World Bank (WB) sealed the financial package for the Cebu Bus Rapid Transit (BRT) project. Finance Secretary Cesar V. Purisima and World Bank officials signed the loan agreement for the $141-million BRT project, which…

Stock Market More

  • Asia stocks gain as Japan emerges from recession

    Asia stocks gain as Japan emerges from recession

    BEIJING — Asian stock markets mostly rose Monday after Japan emerged from recession last quarter and as investors looked ahead to a meeting between Greece and its main European creditors. KEEPING SCORE: Tokyo’s Nikkei 225 jumped 0.7 percent to…

  • 3Q earnings to dictate market’s mood

    3Q earnings to dictate market’s mood

    Since more companies are now expected to release their third quarter earnings report, majority of the market participants will allocate most of their time monitoring how the listed corporations, especially the blue chip firms, performed in the past three…

  • PSE wins two awards from Corporate Governance Asia

    PSE wins two awards from Corporate Governance Asia

    The Philippine Stock Exchange (PSE) received two awards at the 10th Corporate Governance Asia Recognition Awards ceremony held on October 24, 2014 at the Renaissance Harbour View Hotel in Hong Kong. The PSE was one of the recipients of…

Shipping More

  • MRT3 weekend schedule cut to give way to rail repairs

    Daily riders of the Metro Rail Transit (MRT) 3 will have to resort to alternative modes of transportation during weekends, starting this Saturday. This developed as the MRT 3 will implement a modified weekend operating schedule to give way…

  • India pledges $137B to modernize vast railway network over 5 years

    New Delhi– India said Thursday it would spend $137 billion to modernize its crumbling railways, pledging to end a vicious cycle of under-investment – and introduce yoga lessons for stressed-out staff. Railways Minister Suresh Prabhu said the network was…

  • Malaysia’s AirAsia X moves to cut costs, may defer plane deliveries

    Malaysia’s AirAsia X moves to cut costs, may defer plane deliveries

    Kuala Lumpur– Malaysia’s AirAsia X Bhd will cut flights on unprofitable routes, reorganize staff and defer some aircraft deliveries to turn around the loss-making long-haul budget carrier, the airline’s acting chief executive said on Wednesday. “Capacity reduction and cost-cutting…

Business Agenda More

  • Small documents, big value

    Small documents, big value

    Entrepreneurs are familiar with different business-related documents. From SEC or DTI registration forms to permits from the local governments and certifications from different government agencies, these are documents that a company cannot live without. This is on top of…

  • Still in school, but ready to roll

    Still in school, but ready to roll

    The business environment for young entrepreneurs must have room for a “lot of creativity,” says John Luis Lagdameo. This creativity, adds the director of the Ateneo Business Resource Center (BRC), must then be supported by a “bigger network outside…

  • Seda targets corporate groups and families with flagship resort

    Seda targets corporate groups and families with flagship resort

    Just over two years since it inaugurated its first city hotel, Seda hotel by Ayala Land Hotels and Resorts Corp. (AHRC) unveiled its flagship resort in the 325-hectare Lio Tourism Estate in Palawan. The 150-room Seda Lio will be…

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

  • Lenovo powers up space-saving and energy efficient AIO offerings for BPOs

    Lenovo powers up space-saving and energy efficient AIO offerings for BPOs

    The flourishing local business process outsourcing (BPO) industry will be a big factor in fueling the commercial PC market’s momentum. The BPO sector, after all, has accounted for 1,000,000 employees as of the first quarter of 2014, and still…

  • Tech Buzz

    Tech Buzz

    • DDOS MITIGATION: SERVICE VS. APPLIANCE With increasing Internet interconnectivity, a majority of today’s businesses are now operating online. As such, protecting one’s online presence becomes tantamount to protecting not just a source of income, but also the company’s…

  • Macpower to the people

    Macpower to the people

    Macpower enters the market as a distributor of electronics and accessories for Power Mac Centers and Lazada, promising to bring in top-of-the-line products  here from around the world. Their portfolio expands to audio, wearables, educational toys, and accessories. The…