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  • BSP plans to adopt interest rate framework next year

    BSP plans to adopt interest rate framework next year

    The Bangko Sentral ng Pilipinas (BSP) plans to use an interest-rate corridor framework in setting monetary policy starting next year to better manage liquidity in the financial system, a central bank official said yesterday. Describing it as a “major…

  • DOE confirms expanded subsidies for RE projects

    DOE confirms expanded subsidies for RE projects

    The Department of Energy (DOE) has confirmed the expanded coverage of feed-in-tariff that will be bestowed upon renewable energy (RE) projects as underpinned by a circular that it issued. In an interview with reporters, Energy officer-in-charge Secretary Zenaida Y.…

  • LRT1 concessionaire wants O&M takeover starting next month

    The private concessionaire of the Light Rail Transit (LRT) 1 wants to takeover the operation and maintenance of the elevated rail line early next month. Transportation Secretary Joseph Emilio Abaya disclosed that the Light Rail Manila Consortium (LMRC), which…

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

  • 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…

  • 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…

Stock Market More

  • Oil prices rebound from 4-month lows

    Singapore – Oil prices rebounded in Asia Tuesday after falling steeply in the previous session owing to weak Chinese and US manufacturing and continued worries about the global supply glut, analysts said. US benchmark West Texas Intermediate (WTI) for…

  • Gov’t borrows slightly more in first half

    The national government borrowings increased in the first five-months of the year despite the lower than expected spending, data from Bureau of the Treasury showed. In January to May this year, the treasury bureau said the government borrowings reached…

  • Asia stocks down as China manufacturing slows

    Asia stocks down as China manufacturing slows

    by Jennifer O’MAHONY Hong Kong, China | AFP – Asian markets fell Monday as China shares were dragged down by poor manufacturing figures and investors followed a drop on Wall Street. A private survey of Chinese manufacturing activity showed a decline to a…

Shipping More

  • Egypt seeks cash, prestige boost with ‘new Suez Canal’

    Egypt seeks cash, prestige boost with ‘new Suez Canal’

    Cairo – Egypt on Thursday inaugurates a ”new Suez Canal” waterway touted as an achievement rivalling the digging of the original, as it seeks to boost both its economy and international standing. The ceremony, to be attended by foreign…

  • Star Alliance expands round-the-world fare to economy class

    Star Alliance, the world’s longest serving and most comprehensive airline alliance, has expanded its round-the-world (RTW) fare to include travel in premium economy class. “With eleven of our member carriers now offering a dedicated premium economy cabin, we are…

  • LTFRB to choose 1 bus firm to serve airport passengers

    The Land Transportation Franchising and Regulatory Board (LTFRB) will announce next week the lone firm that will operate premium buses to serve airport passengers. The LTFRB will chose from three firms–Airfreight 2100, JAM Liner, Inc. and Froehlich Tours, Inc–that…

Business Agenda More

  • Bantay Dagat volunteers get a benefactor

    Bantay Dagat volunteers get a benefactor

    For the past 11 years, First Gen Corporation has been quietly helping protect the fragile ecosystem of the Verde Island Passage which has been recognized as the center of the world’s marine biodiversity. Unknown to many, the Lopez company,…

  • The beauty industry at the crossroads

    The beauty industry at the crossroads

    The beauty industry has gone wild. Several health and beauty, wellness, skin clinics, even salons or beauty parlors are offering all kinds of beauty enhancements and skin treatments. These establishments offer services as experts in the field of beauty.…

  • Five issues to look at in choosing a president

    From the way political alliances are taking shape, it looks like the presidential race of 2016 will be a four-way fight between Senator Grace Poe,  VP Jejomar Binay,  Mayor  Rodrigo Duterte  and  Mar Roxas.  Each comes with their unique…

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

  • Twitter shares close at all-time low on growth worries

    Twitter shares close at all-time low on growth worries

    Twitter shares fell to an all-time low on Monday, weighed down by doubts that the popular messaging platform isn’t growing fast enough to thrive. Twitter shares were down more than five percent to $29.25 at the close of official…

  • When innovation meets vision

    When innovation meets vision

    Meralco has always been discovering means on how to improve not only its services and products to consumers but also new techniques and methods on enhancing the skills of its employees. Imagine a state of the art facility wherein…

  • Google Apps for Work for SMEs now available via PLDT SME Nation

    Google Apps for Work for SMEs now available via PLDT SME Nation

    In this digital age of borderless work spaces and online marketplaces, an efficient system of collaboration is crucial for SMEs (small to medium enterprises) to thrive. To help SMEs improve operational efficiencies, enhance productivity and consequently, improve revenues, PLDT…