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  • Asia markets rally after strong US growth figures

    Asia markets rally after strong US growth figures

    Shanghai, China | AFP  – Asia stocks staged another rally in early trade on Friday, taking heart from strong US growth figures to cement a recovery after a torrid week when global markets took fright over China’s gloomy economic outlook. Tokyo led the…

  • 15 Terms You Should Know To Save On Credit Card Fees

    15 Terms You Should Know To Save On Credit Card Fees

      35% of mall sales are done through credit cards. In addition, the surge of online shops has increased the use of plastic, with the credit card industry growing at 5% a year, according to the Credit Card Association…

  • San Miguel confirms talks with Australia’s Telstra

    San Miguel confirms talks with Australia’s Telstra

    by Rosemarie Francisco MANILA,  (Reuters) – San Miguel Corp is in talks with Australia’s Telstra Corporation Ltd about a possible transaction involving the Philippine conglomerate’s wireless unit, the company’s president said on Friday. Ramon Ang confirmed in a text…

Investment More

  • PSPC’s Korean parent gets $116.32M cash infusion from new investor

    PSPC’s Korean parent gets $116.32M cash infusion from new investor

    Phoenix Semiconductor Philippines Corporation’s (PSPC) Korean parent company, STS Semiconductor & Telecommunications, Co. Ltd. (STS), has found a white knight to provide it with a US$116.32 million cash infusion. In a disclosure to the Philippine Stock Exchange, PSPC said…

  • Uber plans $1 billion China investment: report

    Uber plans $1 billion China investment: report

    Beijing, China | AFP – Taxi hailing app Uber plans to invest seven billion yuan ($1.1 billion) in China, the Financial Times reported on its website, citing a company email. The paper said it obtained the message sent to Uber investors this week…

  • 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…

Banking More

  • AUB reports flat net income in H1

    AUB reports flat net income in H1

    Asia United Bank (AUB) said its  net income slightly fell in the first half of 2015, citing higher operating expenses on new branches and increase in loan provisioning. In a disclosure to the Philippine Stock Exchange (PSE), the AUB…

  • PNB profit almost doubles in Q2

    PNB profit almost doubles in Q2

    Philippine National Bank (PNB) said its net income rose 12 percent to P3.6 billion for the first half of 2015 on the back of a much stronger second quarter performance. In a disclosure to the Philippine Stock Exchange, PNB…

  • New $100 bn BRICS bank opens in China to challenge US-led lenders

      by Bill SAVADOVE Shanghai, China | AFP  – A new $100 billion international bank dedicated to the emerging BRICS countries opened in China’s commercial hub Shanghai on Tuesday, officials said, as an alternative to other multilateral lenders. The “New Development Bank”, backed…

Stock Market More

  • SEC asks PSE to explain technical glitches

    The country’s corporate regulatory watchdog has given the Philippine Stock Exchange (PSE) until today (Friday) to fully explain the technical glitches that had occurred during stock market trading, particularly last August 25 when trading was halted for five hours…

  • Century obtains new loan

    Century Properties Group, Inc. has secured a term loan facility that will partly fund the construction of the sixth tower of its Acqua Private Residences project in Mandaluyong City. In a statement, the firm said the 5-year facility was…

  • Doubledragon completes Manila landbank

    DoubleDragon Properties Corporation has signed an agreement to develop a 3,002 square meter prime lot in the Ortigas Central Business District owned by Jollibee Foods Corporation. During the firm’s annual stockholders’ meeting, DoubleDragon chairman Edgar Sia II said the…

Shipping More

  • Etihad Airways launches new ‘Fare Choices’

    Etihad Airways will launch Fare Choices, a new fare structure on September 14 to enable travellers to tailor their journey to their individual needs. The new Fare Choices vary by flexibility, baggage allowance, miles earned and optional inclusions such…

  • Malaysia, Indonesia to deploy rapid response team vs soaring piracy

    Malaysia, Indonesia to deploy rapid response team vs soaring piracy

    Singapore – Malaysia and Indonesia are deploying rapid reaction teams to combat a soaring number of piracy attacks on merchant vessels in one of the world’s busiest shipping chokepoints, a Malaysian admiral said. Over 70 ships have been attacked…

  • Qatar Air relaxes grip on flight attendants

    It’s 10 a.m. in Doha and more than 200 Qatar Airways flight attendants are gathered in an airport hotel ballroom. Taking the microphone, one woman fires off a query about a policy barring cabin crew from using their mobile…

Business Agenda More

  • Fat Cousins: ‘Eat here, diet at home’

    Fat Cousins: ‘Eat here, diet at home’

    “Fat Cousins” is the newest diner along the food strip on Maginhawa Street in Quezon City. Wondering why it is called by such a name? Actually, the name is a real representation of the Mojica cousins, who own the…

  • Biggest hotel suppliers expo set

    Biggest hotel suppliers expo set

    The country’s biggest hotel suppliers vowed to ramp up their capacities to be able to provide the huge requirement of new hotels and tourist accommodations in the country. According to the March, 2014 STR Global Construction Pipeline Report, the…

  • PH Tobacco Institute denies accusations

    The Philippine Tobacco Institute (PTI) said that the Southeast Asia Tobacco Control Alliance (SEATCA) has misrepresented and distorted the facts on cigarette control in the country. Rodolfo Salanga, PTI president, said that their representation in the Inter-Agency Committee on…

Trade More

  • China economy shows more weakness as imports, exports fall

    China economy shows more weakness as imports, exports fall

    Beijing, China | AFP – Chinese imports fell for a seventh straight month in May while exports also sank, data showed Monday, as the world’s second biggest economy shows protracted weakness in the face of government easing measures. The disappointing figures also come…

  • 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…

Business Tech More

  • Globe Telecom partners with Orange’s Libon application

    Globe Telecom partners with Orange’s Libon application

    Globe Telecom’s International Business Group continues to widen its global footprint and reaches out to more Filipinos around the world through its new partnership with global telecommunications operator, Orange, to launch the new Libon Out “Philippines with Globe” package…

  • Is ASEAN’s education system future-ready?

    Is ASEAN’s education system future-ready?

    At the recent “ASEAN Economic Community Post-2015 Agenda: Challenges for Integration” policy dialogue, opening speaker Naoyuki Yoshino, Dean of the Asian Development Bank Institute, noted that “while ASEAN education systems are generally sound, overall standards and capabilities need to…

  • Tech Buzz

    • PRACTO HITS PHILIPPINES Practo has announced its entry into the Philippine market to bring  its award-winning products– Practo Search and Practo Ray–to the region. Consumers in the Philippines will be able to search through over 11,000 doctors across…

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