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  • Private firms biggest gainers under ‘emergency power’

    It hasn’t been too long since President Aquino asked Congress for “emergency powers” to address the major power shortage, which is expected to hit Luzon early next year, but a non-government organization already said that more than the people,…

  • No hurry, says Congress

    There is no hurry to President Aquino’s bid for “emergency powers” as Congress is set to go on recess next month as scheduled. As such the Department of Energy’s bid for approval by October of the emergency powers to…

  • Philippine-made cement cited for strong structures amidst calamities

    Cement used in houses, buildings, roads, bridges and other structures in the Philippines will continue to be of the highest quality to ensure their integrity and the safety of their users. This was the assurance given by the Cement…

Investment More

  • 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…

  • AFAB investments surge to P83.96 B in H1

    The Authority of the Freeport Area of Bataan (AFAB) generated nearly P83.96 billion in committed investments in the first half of 2014, over 138,000 percent higher compared to the pledges that it recorded in the same period last year.…

Banking More

  • BOP deficit at $3.5B

    The Bangko Sentral ng Pilipinas (BSP) yesterday reported that balance of payments (BOP) deficit slipped a bit to $3.53 billion after recording a monthly surplus in August. Data showed the monthly BOP sustained a surplus position for the last…

  • External debt at $58.1B as of June

    The country’s external debt amounted to $58.1 billion as of end-June, lower compared to the previous quarter’s $58.3 billion, but slightly higher than the same period last year of $58 billion. In a statement yesterday, Bangko Sentral ng Pilipinas…

  • DOF’s RIPS achieves highest performance

    The Department of Finance (DOF) said yesterday that its revenue integrity protection service (RIPS) has achieved its highest performance in its 11-year history after the number of its initiated infestations reached 85 cases. Launched in 2003, RIPS seeks to…

Stock Market More

  • Local shares

    Local stock market didn’t escape the impact of Typhoon Mario, which dumped investors’ sentiments. Philippine shares greeted the week on a lower note, down by 7.43 points, or 0.10 percent to end at 7,279.86, in contrast with the wider…

  • PH shares continue positive momentum

    The local stock market is expected to continue its positive momentum despite the one-day trading halt last Friday due to the inclement weather brought about by Tropical Storm Mario. Astro del Castillo, First Grade Finance, Inc. managing director, said…

  • Typhoon cancels PSE trading

    The trading at the Philippine Stock Exchange (PSE) on Friday was halted due to Typhoon “Mario,” which also suspends the work of all government offices and some private institutions. State weather bureau Philippine Atmospheric, Geophysical and Astronomical Services Administration…

Shipping More

  • Int’l tourist arrivals grow 4.6% in 1H

    International tourist arrivals grew by 4.6% in the first half of 2014 as destinations worldwide received some 517 million international tourists between January and June 2014, 22 million more than in the same period of 2013, according to the…

  • Cebu Pacific Air gains from market consolidation

    Low-cost carrier Cebu Pacific Air (CEB) has benefitted from the consolidation of the domestic aviation market as its competitors have reduced capacity, resulting in double digit improvements to yields and the return of rationality in a market which had…

  • UPS seeks to avert holiday crunch

    United Parcel Service, Inc., working to prevent a repeat of 2013’s holiday crunch, plans to open 14 temporary shipping facilities it calls “mobile distribution center villages” to help expedite deliveries. The groups of modular structures – similar to portable…

Business Agenda More

  • Lucas Niccolo ‘Nikki’ M. Cauton III

    Lucas Niccolo ‘Nikki’ M. Cauton III

    Nikki Cauton III is the other half of the partnership that is behind One-Of Collection, a hotel and resort management group with properties in prime locations around the Philippines. He and his wife, Anna Katrina “Ria” Hernandez-Cauton, who serves…

  • A personal journey of cava (First of two parts)

    A personal journey of cava (First of two parts)

    What started as an official trip to Spain with the Entrepreneurs Organization turned out to be a personal journey of discovery. I’ve been to Spain many times, but this was the first time I felt particularly close to my…

  • GSK complements DOH campaign against dengue

    GSK complements DOH campaign against dengue

    In recent decades, the incidence of dengue has grown dramatically around the world—with over 2.5 billion people or over 40 percent of the world’s population now at risk from the dreaded disease. Dengue continues to be an increasing health…

Trade More

  • PEZA mounts investment campaigns in Seoul, Europe

    The Philippine Economic Zone Authority (PEZA), the government agency in charge of registering export-oriented enterprises, will mount aggressive investment pitches in South Korea and in northern and central Europe to take advantage of the positive impression by foreign investors…

  • WTO bares new mediation procedure on food safety measures

    Members of the World Trade Organization (WTO) have agreed on a new mediation procedure to settle their differences on food safety and animal and plant health measures. The mediation procedure which is called “ad hoc consultations,” is the sanitary…

  • Homegrown franchises see ASEAN as challenge

    Homegrown franchises see ASEAN as challenge

    Homegrown Filipino franchisers should view the full Asean economic integration in 2015 as a challenge rather than as purely competition in nature. “It is really an awakening for us to level up. It is more of a challenge than…

Business Tech More

  • Tech buzz

    • GLOBE EXPANDS FLAT RATE FOR DATA ROAMING TO MORE COUNTRIES Globe Telecom has expanded the coverage of its standard rate for data roaming of P599 per day to 15 more countries, expanding its coverage to a total of…

  • The Pixmatipid printer

    The Pixmatipid printer

    Canon Marketing Inc. (CMPI) answered the need for having low-cost printing for students and and other businesses, Canon introduced the new Canon PIXMA Ink Efficient E400—the go-to printer that aims for affordability and efficiency. The PIXMA E400 is the…

  • ViewSonic readies interactive display models with Ultra-HD

    ViewSonic readies interactive display models with Ultra-HD

    ViewSonic Corp, has recently announced the availability of their interactive smart display models, which feature vibrant and detailed picture quality and HD resolution. The CDE8451-TL and CDE7051-TL models are excellent additions to corporate boardrooms, classrooms, and campuses. “Group interaction…