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  • Officials assure economic gains sustainable even beyond 2016

    The Aquino administration’s economic managers are confident that the country’s gains will be sustained beyond 2016 backed by governance reforms. Efforts to ensure that achievements over the past four years will be sustained and enriched beyond 2016 are being…

  • $600-M automotive industry fund eyed

    Malacañang is eyeing of setting up a $600 million automotive industry fund that would entice serious investors into making the right investments in the country to support government’s long term goal of creating a domestic manufacturing industry that will…

  • PAL flying to New York starting March 15

    PAL flying to New York starting March 15

    Flag carrier Philippine Airlines (PAL) is resuming its operations at the United States east coast with its New York City flight scheduled to begin on March 15, 2015. PAL Chairman and Chief Executive Officer Lucio C. Tan said New…

Investment More

  • Malaysian bankers see PH as attractive investment destination

    Malaysian investment bankers were seriously considering investing outside Malaysia, particularly in the Philippines on the back of its strong macroeconomic fundamentals. The statement came following a backlash over the controversial Aegis video that described Malaysia as a better investment…

  • MNTC sets P22-B infra investments

    The Manila North Tollways Corp. (MNTC), operator of the North Luzon Expressway (NLEX), has vowed to continue investing to expand its tollroad projects that when fully completed will amount to estimated investments of P22 billion to be funded via…

  • Local funds bankroll investments in PH

    Local funds bankroll investments in PH

    While foreign capital should have been the preferred way to fund investments in this country, this is not actually the case with more domestic resources being tapped to bankroll new investments. Data showed that Filipinos have always been ahead…

Banking More

  • BSP pursuing bilateral currency swaps

    The Philippines is still negotiating the renewal of two bilateral swap arrangements (BSA) with China and Korea as back up in case of liquidity reserves issues. Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. yesterday said proposals…

  • Tax incentives harmonization bill faces delay

    Disagreement between the Department of Trade and Industry and the Department of Finance on the granting of tax incentives to investors has prevented timely passage of the proposed bill harmonizing the country’s fiscal incentives, Senate President Franklin Drilon said.…

  • External debt service eases 25%

    The country’s external debt service burden dropped 25.33 percent as of end-June as both the government and corporate sectors continue to sufficiently manage foreign debt payments. Debt service burden amounted to $3.09 billion at the end of the first…

Stock Market More

  • Merger of stock and bond markets faces major delay

    The merger of the country’s stock and bond markets may no longer occur in October as what initially planned as “governance issues” among other factors keep getting in the way. It was reported earlier that after some delays, the…

  • Asian markets

    Hong Kong – Asian markets were mixed Monday, with Hong Kong tumbling more than two percent at one point after a weekend of unrest as pro-democracy demonstrations led to the closure of parts of the city. The stand-off, the…

  • Local share

    After dipping in red in most part of yesterday’s trade, local shares still managed to cap off first trading day of the week on a positive note. Philippine Stock Exchange index (PSEi) gained a bit by 4.06 points, or…

Shipping More

  • Airbus seen set to win EU certification for A350

    Airbus seen set to win EU certification for A350

    Paris – Airbus looks set to win European safety certification for its newest airliner, the A350, on Tuesday, people familiar with the plans said. The stamp of approval will allow Europe’s newest wide-body jetliner to enter service once the…

  • ICTSI expands capacity at MICT and Laguna inland depot

    International Container Terminal Services, Inc. (ICTSI) announced yesterday that it is fast-tracking the construction of new yard facilities at the Manila International Container Terminal (MICT) and at a new 21-hectare inland container depot in Laguna. This, despite a rise…

  • Lufthansa strike grounds long-haul flights

    Lufthansa strike grounds long-haul flights

    Frankfurt– German airline Lufthansa has been forced to cancel 50 long-haul flights to and from Frankfurt after its pilots called a strike for Tuesday in a dispute over their early retirement scheme. The strike was scheduled to run between…

Business Agenda More

  • UNO launches new high-end brand

    UNO launches new high-end brand

    After being one of the leaders in the network marketing industry for seven years, Unlimited Network of Opportunities Intl. (UNO) will try to break new ground again by launching on October 11 its newest high-end brand called UNO Premier.…

  • A ‘gallant’ way to success

    A ‘gallant’ way to success

    Cheap yet innovative smartphones have mushroomed in the Philippine market, but the idea of having a unit for P1 seemed far-fetched until one woman touched a mobile retail store with her magic. Whenever Maureen Laus-Gallant joins a company, she…

  • Financial freedom goes digital

    Financial freedom goes digital

    As of January this year, the total population in the Philippines reached about 105.7 million, 37 million of which are Internet users, with 34 million active on Facebook. As a growing number of Filipinos now have more than one…

Trade More

  • BOI considers perks to ‘inclusive business’

    The Board of Investments (BOI)  is eyeing the grant incentives and preferential treatment to enterprises that adopt the concept of “inclusive business”  (IB) targeting industries in agribusiness, tourism and housing. Trade and Industry Undersecretary Adrian S. Cristobal Jr. ,…

  • Business to Aquino: Focus on infra deliverables

    Business to Aquino: Focus on infra deliverables

    Businessmen have asked the Aquino administration to focus on infrastructure deliverables for its remaining two years in office and not to be distracted by political wranglings stressing it has no more time to dilly-dally. “The Aquino administration has only…

  • Direct port access road urged

    Direct port access road urged

    A direct port access road is essential for port efficiency, vessel berth stay time, and optimum road transport, a report by port stakeholders stressed. The report, “Port and Road Infrastructure for Greater Luzon Trade September 2014” by various port…

Business Tech More

  • Burger joint business gets boost  from reliable broadband service

    Burger joint business gets boost from reliable broadband service

    As a burger aficionado himself, up-and-coming restaurateur JR dela Paz was set to redefine the beef-based food fare everybody loved. So in 2010, he and his wife Marge set-up Size Matters, a casual restaurant specializing on their very own,…

  • NVIDIA’s new professional GPU lineup places Quadro at center of visual computing workflows

    NVIDIA’s new professional GPU lineup places Quadro at center of visual computing workflows

    NVIDIA recently unveiled its next generation of NVIDIA Quadro GPUs, which provides new tools and technologies to meet the visual computing needs of designers, artists and scientists. The new lineup delivers an enterprise-grade visual computing platform with up to…

  • Tech Buzz

    • Is your home ready for the power-price hike? With power shortages and electricity price hikes on the horizon, Filipino families are faced with the challenge of transforming their houses to a more energy-efficient home. But the question remains:…