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  • Phoenix Semiconductor Philippines Corporation: Taking the lead in semiconductor industry

    by Jamille Domingo     The semiconductor industry is such an obscure field. Its complexity makes it difficult for one to fully grasp what it truly does to the economy and in the advancement of technology. However, it has…

  • GSIS plans to sell paintings to improve returns

    Government Service Insurance System President and General Manager Robert Vergara is so keen to shore up returns at the Philippines’ biggest state pension fund he is considering selling paintings hanging at the national museum. GSIS may put around 100…

  • China Bank opens 2 more branches

    China Banking Corporation has opened branches in two more locations, bringing its branch network to 306 nationwide. Combined with the 77 branches of China Bank Savings (CBS) and the 78 branches of Planters Development Bank (Plantersbank), the China Bank…

Investment More

  • 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…

  • Megaworld unit ventures into P1-B residential project in Bacolod, Talisay

    BACOLOD CITY — Suntrust Properties Inc. entered into a P1-billion joint venture agreement with the Lacson family for the development of an integrated residential project at the boundary of the cities of Bacolod and Talisay in Negros Occidental. Suntrust…

Banking More

  • Bank lending rises 20.5% while money supply growth slows

    The Bangko Sentral ng Pilipinas (BSP) yesterday said the big banks’ lending transactions increased by 20.5 percent year-on-year in September, higher than August’s 20.1 percent growth. The total outstanding loans amounted to P4.2 trillion net of reverse repurchase agreements…

  • Bank of Japan expands monetary easing

    Tokyo– The Bank of Japan ramped up its vast monetary easing program Friday – sending the yen plunging and stocks soaring – in a surprise move aimed at reviving growth just as the Federal Reserve winds down its own…

  • US Federal Reserve ends QE stimulus program

    Washington – The Federal Reserve decided Wednesday to end its quantitative easing stimulus program, after six years of pumping easy money into the US economy via asset purchases to shore up growth. Revealing increasing confidence in a modestly expanding…

Stock Market More

  • 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…

  • Local shares

    After a few weeks of trading below 7,200-mark, Philippine shares managed to end the week within that level. Philippine Stock Exchange index went up 44.74 points, or 0.62 percent to 7,215.73, while the wider all shares rose by 25.05…

Shipping More

  • Canada unveils new railway rules after Quebec train disaster

    Ottawa – Canada announced stricter railway safety measures following last year’s runaway train disaster in Quebec that killed 47 people. Transportation Minister Lisa Raitt said the new measures include better training for conductors and engineers, more government audits of…

  • All Nippon Airways net profit surges 78% in H1

    Tokyo – Japan’s All Nippon Airways (ANA) said its half-year net profit soared 78 percent as an expansion of one of Tokyo’s airports boosted the carrier’s international business. The airline earned 35.77 billion yen ($328 million) against a 20.07…

  • Asia’s travel and tourism industry foresees talent crisis

    Singapore – Asia’s travel and tourism sector is booming but will face a severe shortage of skilled workers in the next 10 years, a top industry executive said. Investments in human capital have lagged behind spending on infrastructure such…

Business Agenda More

  • Volunteers who mean business

    Volunteers who mean business

    Gawad Kalinga founder Antonio “Tony” Meloto asked to be pardoned for being “brutally frank” as he uttered strong words about the roots of poverty in the Philippines before a panel of journalists during the recently concluded DHL Philippines Global…

  • The grass is greener in the south

    The grass is greener in the south

    There are a lot of reasons why Davao City has become the investment destination next to Metro Manila. With residents of more than 1.4 million, Davao City is the  most populous city in Mindanao and the fourth in Philippines.…

  • The road to tax harmonization in ASEAN

    The road to tax harmonization in ASEAN

    The 10 member states of the Association of Southeast Asian Nations (ASEAN) are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. A look at the trends in tax rates among the ASEAN countries shows an…

Trade More

  • Fil-Am businessmen cite PH encouraging economic news

    After eight years of absence, the Philippine American Chamber of Commerce (PACC), which is composed of members from various industries, has sent an investment and trade mission to the Philippines encouraged by positive developments in the country. PACC President…

  • Auto Lemon Law IRR now completed

    The DTI has completed the finalized implementing rules and regulations for Lemon Law which provides clear procedure between buyers and manufacturers over defective cars. DTI Undersecretary Victorio Mario Dimagiba has announced the completed law’s IRR and is ready for…

  • BOI grants tax incentives to 6 power projects worth P146B

    The Board of Investments (BOI)  has granted tax and fiscal incentives to six power projects worth P146.18 billion accounting for more than half of the P258.709-billion total approved investments as of September this year. Total BOI approved investments in…

Business Tech More

  • Fuji Xero Cloud and Mobility Solutions

    Fuji Xero Cloud and Mobility Solutions

    Fuji Xerox recognizes these challenges and can turn them into opportunities for growth with these solutions: DocuWorks allows a single user to integrate content from multiple data sources such as Word, Excel, PowerPoint, PDF, and JPEG, into one unified…

  • Globe myBusiness leads tech revolution in PH mSMEs, boosts biz operations with Google Apps

    Globe myBusiness leads tech revolution in PH mSMEs, boosts biz operations with Google Apps

    With businesses quickening their operations and processes, they are steadily arming themselves with the newest ICT capabilities to get work done. In this day and age of mobility, technologies such as the latest gadgets, cloud computing and the countless…

  • Tech buzz

    • Epson To Bolster Production Capacity of Leading-Edge PrecisionCore InkJet Printheads The development of printing technology continues its steadfast pace, with players aiming for faster print speeds, better quality prints, and low running cost. That is why Epson is…