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  • BSP policy stance to stay GDP-supportive

    BSP policy stance to stay GDP-supportive

    Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said yesterday the central bank’s monetary policy position – likely to be on hold for some time – continue to encourage growth in the domestic economy. “With the inflation outlook…

  • Gov’t won’t regulate shipping fees

    Gov’t won’t regulate shipping fees

    The government yesterday categorically said yesterday  it had no intention to regulate shipping fees but has ordered transparency in all port operations even as government said that corrupt practices have no room at the ports anymore. Cabinet Secretary Jose…

  • Full grid integration waived by DOE

    Full grid integration waived by DOE

    The requirement on full grid integration of the wind plants was technically waived by the Department of Energy (DOE) for the newly-commissioned and feed-in-tariff certified projects in Ilocos Norte. Energy Secretary Carlos Jericho L. Petilla  has acknowledged that the…

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

  • Budget airline unveils AirAsia Asean Pass

    Budget airline unveils AirAsia Asean Pass

    AirAsia, the region’s largest low-cost carrier, has unveiled its own air pass called the AirAsia Asean Pass, which will enable travelers to utilize pre-purchased credits to book flights at a fixed-rate across selected routes throughout ASEAN. A credit-based system…

  • Asian container terminals achieve higher performance

    Asian container terminals achieve higher performance

    Container terminals in Asia and the Middle East have generally achieved higher performance figures than the world averages. The difference is most marked in twenty-foot equivalent units (teu) per hectare where the highest performing regions saw up to 70%…

  • Lockheed sees  buyer for hybrid  cargo airship in 2015

    Lockheed sees buyer for hybrid cargo airship in 2015

    Palmdale, Calif. – Lockheed Martin Corp. expects to reach an agreement next year with a launch customer for a giant new hybrid airship that would revolutionize the way oil and mining companies haul equipment to the Arctic and other…

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,…

  • Low carbon economy best for the PH

    Low carbon economy best for the PH

    Sir Dave Britton of the U.K.’s Met Office was recently in town to present the Human Dynamics of Climate Change Map  (HDCC Map), a visual diagram that shows the effects of climate change over a century, conveniently broken down…

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

  • A vision of better things to come (2)

    Data providers from all industries are encouraged to participate for free in the DaaS pilot.  By participating in the pilot, data providers will be able to increase the visibility of their data sets.  They would also be able to…

  • Globe myBusiness upbeat on franchising prospects for new mSMEs with AFFI tie-up

    Globe myBusiness upbeat on franchising prospects for new mSMEs with AFFI tie-up

    As the local franchising industry continues to exhibit significant growth numbers this year, Globe myBusiness is upbeat on the opportunities for new and potential business owners to avail themselves of a franchise and also have the advantage to compete…

  • Take a selfie and get a chance to win a Samsung Curved UHD TV

    Take a selfie and get a chance to win a Samsung Curved UHD TV

    This Christmas season, Samsung gives selfie-loving Pinoys the chance to take home special prizes with Samsung’s Selfie-for-a-TV promo. Beginning November 3, 2014 until December 7, 2014, participants stand a chance to win special prizes including a Samsung Curved UHD…