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  • Employment a challenge in sustaining growth

    Employment a challenge in sustaining growth

    The weakness of the government in providing enough and good employment for Filipinos will remain a big challenge in sustaining and further improving the country’s economic growth story. After seeing good results in the country’s 2014 overall output, National…

  • PSEi back to record territory

    PSEi back to record territory

    Overseas leads plus the remaining euphoria over the gross domestic product results have brought local shares to their second record close for the year, going close anew to 7,700-level. “Investors jumped back on to equities on a combination of…

  • TMPC allots P2.5B for dealership expansion after topping P100-B sales

    TMPC allots P2.5B for dealership expansion after topping P100-B sales

    After experiencing high sales growth of 30 percent and P100-billion sales revenue last year, Toyota Motor Philippines has decided to pace its growth this year and spend more efforts concentrating on its after sales service, expansion of its dealerships,…

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

  • ILWU slowdown hurts ICTSI Oregon’s terminal operations

    ICTSI Oregon, Inc. a subsidiary of the Philippine-based International Container Terminal Services, Inc, reported yesterday that its operations at the Port of Portland’s Terminal 6 are being affected by the efforts of the International Longshore and Warehouse Union’s (ILWU)…

  • Boeing 747-8 to replace Air Force One

    Washington– The US Air Force said on Wednesday it would use Boeing Co’s commercial 747-8 airliner to replace its current fleet of two Air Force One presidential aircraft, one of the most visible symbols of the United States. The…

  • Malaysia declares disappearance of MH370 an ‘accident’

    Malaysia declares disappearance of MH370 an ‘accident’

    Malaysia declared Flight 370 an accident and all 239 people on board as presumed dead to help families obtain assistance, including compensation. Malaysia Airlines is ready to immediately proceed with compensation, Azharuddin Abdul Rahman, director general of the Department…

Business Agenda More

  • The Pope’s Presidential Welcome: Why we needed it

    The Pope’s Presidential Welcome: Why we needed it

    Although the Pope has been gone for a week now, critics are still on a war path over the President’s welcome remarks last January 15. For those unaware, the President offered no saccharine words to welcome the Pope as…

  • Transparency and accountability urged in extractive industries

    Transparency and accountability urged in extractive industries

    A pioneering forum on Philippine extractive industries urged increased transparency and accountability in exploration activities for indigenous resources as the world becomes more prosperous and as populations increase. “We need a balance of transparency and competitiveness. The key to…

  • The little loan as lifeline

    The little loan as lifeline

    People from low-income families who wish to start businesses, but have no capabilities to secure credit from big banks, may find support from microfinance institutions. These are credit-granting institutions that allow flexible terms of lending and payment to clients.…

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

  • A partnership to host digital content from Disney

    A partnership to host digital content from Disney

    Multimedia services provider PLDT and its wholly-owned subsidiary, Smart Communications, Inc. (Smart), have entered into a Philippine multi-year collaboration with The Walt Disney Company Southeast Asia, through its interactive entertainment arm Disney Interactive, that will bring a wealth of…

  • Reinforcing commitment to empower workplace in Asia Pacific

    Reinforcing commitment to empower workplace in Asia Pacific

    Dell recently reinforced its commitment to empower the evolving workforce in Asia Pacific with the introduction of its latest range of client solutions products.  Driven by insights from its recent Global Evolving Workforce Study, Dell is committed to meet…

  • Lenovo opens new concept store in Balanga City, Bataan

    Lenovo opens new concept store in Balanga City, Bataan

    Lenovo has recently opened a new Lenovo Mobile Exclusive Store (LMES) in Balanga, Bataan. The new concept store is handled by Earthlinks Telecommunications and is located at the Victoria Galleria, 3rd floor Poblacion, Balanga City, Bataan. Country General Manager…