Manila Bulletin | Latest Breaking News | News Philippines | Business
Home » Business

Business

Business News More

  • Shimano opens facility in Batangas

    Shimano opens facility in Batangas

    Bicycle and parts manufacturer Shimano Inc. has opened a Philippine manufacturing facility within Lopez-led First Philippine Industrial Park (FPIP) in Santo Tomas, Batangas. The establishment of Shimano’s production operation in the Philippines came just weeks after the European Parliament…

  • PH, Japan cite progress on auto incentives and VAT refund issues

    PH, Japan cite progress on auto incentives and VAT refund issues

    Philippines and Japan have cited encouraging progress on issues on several issues to improve business environment including auto industry incentives, refund procedures to value added taxes, import clearance certificate, power supply situation and port congestion. In a joint statement…

  • DOTC seeks consultant for MRT3 rehabilitation and expansion projects

    DOTC seeks consultant for MRT3 rehabilitation and expansion projects

    The government is looking for a consultant for various rehabilitation and capacity expansion projects for the Metro Rail Transit (MRT) 3, worth a total of P9.7 billion. The Department of Transportation and Communications (DOTC) is inviting foreign and local…

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

  • 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…

  • China’s shadow banking sector growing rapidly, now third in the world

    China’s shadow banking sector growing rapidly, now third in the world

    Beijing – China’s shadow banking sector continued to grow at breakneck speed in 2013 and now ranks as the third largest in the world, a report released by the Financial Stability Board (FSB)showed. The country vaulted ahead in the…

Stock Market More

  • 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…

  • Biggest PH fund manager buying local shares as foreigners sell

    The largest Philippine money manager has been buying shares as record foreign outflows drive the country’s benchmark stock index toward its biggest monthly loss this year. Frederico Ocampo, who became chief investment officer at Manila-based BDO Unibank Inc. last…

Shipping More

  • NTSB: Planes should have technologies so they can be found

    NTSB: Planes should have technologies so they can be found

    Washington– After incidents in which airliners vanished, U.S. accident investigators recommended Thursday that all passenger planes making long flights over water carry improved technology that will allow them to be found more readily in the event of a crash.…

  • Airlines see another big profitable year with help from cheaper fuel

    Dallas– Leaders of United and Southwest gave an upbeat forecast for 2015 that combined strong travel demand and cheaper fuel. Airline stocks soared on Thursday. The price of jet fuel has dropped by about half since September, boosting airline…

  • US backs ICAO’s new system warning airlines in conflict zone

    Toronto/Montreal– The United States will throw its support behind a proposal by the UN’s aviation agency to share information about risks to commercial aircraft over conflict zones after the downing of a Malaysian jet in Ukraine last year, according…

Business Agenda More

  • Fostered by the Foundry

    Fostered by the Foundry

    The six startups initially chosen by Unilever for its Philippine launch of the Unilever Foundry aim to help solve consumer needs ranging from the sophisticated to the most basic. From an app that will help businesses analyze market feedback…

  • Feel better, do better

    Although the Internet is rife with “miracle diets” of  all kinds, there is simply no quick fix as far as physical fitness goes. A sensible program of diet and exercise is still the only way to achieve our fitness…

  • PH economic growth sustainable in the long-term

    PH economic growth sustainable in the long-term

    When prominent economist Dr. Bernardo M. Villegas, Ph.D, began his forecast on the Philippine economy at the first Asia CEO Forum for the year, he started off with a rather anti-climactic “You will not be hearing anything new from…

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

  • Tech Buzz

    Tech Buzz

    • Globe Labs throws challenge for fun and simple Google Cardboard apps Globe Labs, in partnership with Google Development Group (GDG) Philippines, takes advantage of the growing popularity of Google Cardboard, the latest trend in virtual reality, as it…

  • Lenovo predicts top device trends for 2015

    Lenovo predicts top device trends for 2015

    The 2015 digital world will continue to be driven by the “Choose Your Own Device” (CYOD) phenomenon, mobility features like wireless charging, and high-performing operating systems for tablets, according to Lenovo. Lenovo also expects further growth in different form…

  • A call to end light poverty by 2030

    A call to end light poverty by 2030

    Human ingenuity knows few boundaries. We’re learning how to print human organs; travelling in self-driving cars; and recently landed a spacecraft on the surface of a comet more than 500 million kilometers away. Yet, for all of these accomplishments,…