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  • Ford opens 37 dealership in Laguna, 3 more planned for 2015

    Ford Philippines continues its dealership network expansion with the opening of Ford Santa Rosa.  The new dealership in Laguna is the 37th full sales and service dealership of the American vehicle maker in the country. Under dealer principal Paolo…

  • 8990 expanding to 3 more cities, buys Davao property

    8990 expanding to 3 more cities, buys Davao property

    Top mass housing developer 8990 Holdings Inc. is aiming to expand to three more cities this year while it plans to develop its fifth project in Davao City where it has just acquired a 100 hectare property for about…

  • Roller-coaster ride at the PSE in first half

    Roller-coaster ride at the PSE in first half

    The first semester of the year was a roller coaster ride for the Philippine Stock Exchange, with the main index hitting an all-time record high of 8,127.48 last April 10 but the market eventually saw its gains slashed by…

Investment More

  • 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…

  • 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…

Banking More

  • EU ministers to thrash out Greek debt deal

    EU ministers to thrash out Greek debt deal

    by Sophie MAKRIS Athens, Greece | AFP Eurozone finance ministers are set to hold new talks Wednesday to thrash out the details of a Greek debt deal, with officials terming the next 48 hours “decisive” as the clock ticks on a deadline…

  • Citigroup to close Banamex USA: report

    Citigroup to close Banamex USA: report

    New York, United States | AFP  –Citigroup bank is expected to close the US unit of its Mexican banking subsidiary Banamex after it was accused of weak money-laundering controls, the Wall Street Journal reported Sunday. Based in Century City, California, Banamex USA…

  • 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,…

Stock Market More

  • Del Monte Pacific losses widen due to acquisition

    Del Monte Pacific Limited reported that its net losses expanded 18 percent to US$38.0 million for its fiscal year ending April 30, 2015, from US$32.2 million in the previous year, mainly due to acquisition-related and non-recurring expenses worth US$62.6…

  • PhilRealty embarks on wide diversification

    Philippine Realty and Holdings Corporation, a high-end property developer, is diversifying into healthcare, education, financial services and energy businesses to insulate its earnings from the cyclical nature of the real estate industry. “PhilRealty is expanding its portfolio to industries…

  • Consumer stocks are highly favored

    Consumer stocks are expected to perform better on the back of positive and steady consumption outlook in the country. BPI Securities, Corp. chief executive officer Mike Oyson, whose outlook for the Philippine stock market remained very optimistic despite ongoing…

Shipping More

  • Boeing raises prices for jetliners by 2.9%

    Seattle– Boeing Company raised list prices for its jetliners by 2.9 percent, citing a range of costs that go into making the planes. The price of the company’s forthcoming 777X, due for delivery by 2020, rose to $400 million…

  • Record-breaking solar plane nears Hawaii after ‘difficult’ hours

    Los Angeles – A solar-powered plane on the riskiest leg of a round-the-globe bid is closing in on Hawaii after a record-breaking flight which has tested its exhausted pilot to the limit in ‘’difficult’’ conditions. Veteran Swiss aviator Andre…

  • Amadeus buys into low-cost carriers with Navitaire deal

    Amadeus IT Holding SA said it agreed to pay $830 million for Accenture PLC’s Navitaire unit, giving the Spanish travel technology provider a bigger foothold in the low-cost airline market, notably in Asia. Madrid-based Amadeus and rival Sabre Corp.…

Business Agenda More

  • Innovation in reinvention

    Innovation in reinvention

    Luis C. Montserrat, founder and CEO of Hospitality Innovators, Inc. (HII)  is no stranger to reinvention. Consider: a career in finance with Citibank, where he specialized in consumer lending, asset-based finance, and leasing; 12 years with Coca-Cola as marketing…

  • Making the stuff that matters

    Making the stuff that matters

    Matthew Cua, 26, goes against all the preconceived notions you may have about a millennial—you know, those self-entitled bratinellas you see complaining about their lives and coffee lattes on Facebook. For one, he’s CEO of SkyEye, the largest drone…

  • Creating and sustaining brand connections

    Creating and sustaining brand connections

    Global, diverse, on demand, and mobile. If you ask Gautam Anand, these are the attributes a media platform in the future should have if it wants to be successful—characteristics organic to video-sharing website YouTube. It is no wonder then…

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

  • Cable and system solutions launched in the Philippines

    Cable and system solutions launched in the Philippines

    Datwyler Cabling Solutions (DSCI) has launched in the Philippines the Datwyler Cables + System Solutions recently. Present during the event is DSCI Country Manager Glenn Go who welcomed product managers, business owners, IT managers and chief technology officers. Datwyler…

  • Huawei Philippines hold ICT Roadshow in celebration of Philippines ICT Month

    Huawei Philippines hold ICT Roadshow in celebration of Philippines ICT Month

    Huawei Technologies Philippines, Inc. has showcased the latest innovations, products and services that will give clients and consumers the best solution to cater to the demands of ICT Convergence. “Building A Better Connected Philippines”, the three-day road show aims…

  • Smart brings ‘kinder’ learning to the digital life

    Smart brings ‘kinder’ learning to the digital life

    Philippine education gets another digital boost as Smart Communications (Smart) launched Smart TechnoCart, an innovative mobile digital laboratory designed to facilitate formative learning among kindergarten pupils with the use of mobile devices and applications. Each Smart TechnoCart contains 25…