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  • $600-M car incentives program implemented in 2016

    $600-M car incentives program implemented in 2016

    Implementation of the $600 million incentives fund for qualified motor vehicle investors in the country under the proposed  Comprehensive Automotive Resurgence Strategy (CARS)  Program will have to wait until 2016 yet with local assemblers expected to start exporting completely…

  • Globe Telecom unveils ASEAN expansion starting with Myanmar

    Globe Telecom unveils ASEAN expansion starting with Myanmar

    Emboldened by the ASEAN’s booming and integrating economy, Globe Telecom Inc. now aspires to be a regional player, expanding its operations in Myanmar and other members of the 10-nation bloc where it can offer other services, such as mobile-based…

  • RLC ramps up hotels expansion

    RLC ramps up hotels expansion

    Robinsons Land Corporation continues to ramp up the expansion of its in-house hotel brands Summit Hotels and with the start of franchising for the Go Hotels value chain. In an interview during the opening of Go Hotels Ortigas, RLC…

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

  • EMSA audit update on PH known at ASPAC conference tomorrow

    The results on the fifth and final audit on the Philippines by the European Maritime Safety Agency (EMSA) last October will be outlined by Maritime Industry Authority (Marina) Administrator Dr. Maximo Q. Mejia at the 15th Asia-Pacific (ASPAC) Manning…

  • Egypt hires German firm to bore transport tunnels under Suez Canal

    Egypt hires German firm to bore transport tunnels under Suez Canal

    Cairo/Frankfurt– Egypt will use machines made by a German firm to bore at least four tunnels under the Suez Canal, part of an $8-billion project to expand the waterway that the government hopes will raise revenues and foreign currency…

  • European skies reform remains years away

    European skies reform remains years away

    Antwerp, Belgium  –  Implementation of a much-delayed single air traffic zone for Europe remains years off because of resistance from unions and individual European Union states, industry representatives said on Friday. The Association of European Airlines (AEA) says that…

Business Agenda More

  • What eCommerce really means

    What eCommerce really means

    Giulia Lina Callegari wants more brands to stop putting electronic commerce in a box and see the future of online shopping as a continuous process that cuts across all channels of selling a product or service. The head of…

  • A taste for retail

    A taste for retail

    This 36-year-old company is confident of maintaining its lead even with the pending AEC 2015. CDC Manufacturing Corporation (CDC), the business behind Melawares, a leading brand of tableware in the Philippines, has produced thousands of plates, bowls, utensils, trays,…

  • A venue especially outfitted for business meetings

    A venue especially outfitted for business meetings

    Crowne Plaza Manila Galleria is designed for business and leisure travelers who appreciate elegance combined with the latest features. Each meeting or social function has an excellent team to ensure successful meetings and celebrations. Crowne Plaza built a comprehensive…

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

  • Tech Buzz

    Tech Buzz

    • GOING PUBLIC WITH PUBLIC CHATS Viber has announced Public Chats, a new feature that allows users to discover, share and interact with conversations, communities and content on mobile. With Viber Public Chats, you can follow 24/7 reality chats…

  • A vision of better things to come

    A vision of better things to come

    In 1963, the speech “I Had a Dream” by American civil rights activist Martin Luther King, Jr., was about a dream of freedom and equality. It became a defining moment in the history of the United States. Fifty years…

  • Globe Telecom deploys BES12 cross-platform EMM solution by BlackBerry to PH businesses

    Globe Telecom, through its enterprise and corporate ICT arm Globe Business, recently announced the availability of BES12: a cross-platform EMM solution by BlackBerry that securely manages devices from all of the major enterprise mobile platforms. BES12 is the foundation…