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  • Reform of bank regulatory standards pushed

    Reform of bank regulatory standards pushed

    Panglao, Bohol – Bangko Sentral ng Pilipinas (BSP), together with other major central banks in Asia, has pressed the need for reform on the international bank regulatory standards, highlighting the challenges of some national financial authorities to implement global…

  • APEC firms up Manila’s proposed roadmap

    APEC firms up Manila’s proposed roadmap

    Tagaytay City – Finance and central bank deputies of the Asia Pacific region began their deliberation on the Manila-led roadmap that aims to make the 21-member economies more inclusive and resilient. During the Asia-Pacific Cooperation (APEC) deputies’ meeting, National…

  • China lowers growth target, promises to open industries

    China lowers growth target, promises to open industries

    Beijing – China announced a lower economic growth target for this year and promised to open more industries to foreign investors as part of efforts to make its slowing, state-dominated economy more productive. The growth target of about 7…

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

  • To combat fraud, Visa wants to track your smartphone

    To combat fraud, Visa wants to track your smartphone

    NEW YORK — Those days of calling your bank to let them know that, yes, you really are in Thailand, and yes, you really did use your credit card to buy $200 in sarongs, may be coming to an…

  • 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…

Stock Market More

  • Asia stocks gain as Japan emerges from recession

    Asia stocks gain as Japan emerges from recession

    BEIJING — Asian stock markets mostly rose Monday after Japan emerged from recession last quarter and as investors looked ahead to a meeting between Greece and its main European creditors. KEEPING SCORE: Tokyo’s Nikkei 225 jumped 0.7 percent to…

  • 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…

Shipping More

  • New plane tracking set to be tested after Malaysia jet mystery

    Sydney – Australia, Indonesia and Malaysia will lead a trial of an enhanced method of tracking aircraft over remote oceans to allow planes to be more easily found should they vanish like Malaysia Airlines Flight 370, Australia’s transport minister…

  • Air freight off to disappointing start in 2015 – IATA

    Amidst mixed conditions – strong growth among airlines in Asia-Pacific, Africa and the Middle East opposed to shrinking demand in Europe, North and South America – global air freight markets slackened at the start of the year. “January was…

  • Shipping industry faces shake up as private equity unwinds bets

    Singapore – As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate a restructuring of the shipping industry. Private equity invested…

Business Agenda More

  • From brain drain to brain gain

    From brain drain to brain gain

    For baby boomers, migration was a convenient way to escape the political turmoil and economic stagnation that characterized much of the ’80s and ’90s. Families migrated en masse, seeking better lives abroad. We lost an entire generation of our…

  • Spreading the ‘Daddy-Long-Legs’syndrome

    Spreading the ‘Daddy-Long-Legs’syndrome

    Some might be familiar with the anime adaptation of Jean Webster’s novel “Daddy-Long-Legs”, a story of the orphan Judy Abbott who was supported and sent to school by a mysterious philanthropist. Dubbed in Filipino, the show was aired a…

  • Phone me the money

    Phone me the money

    ‘Asia is the most exciting part of the world right now,” declares Inanc Balci, the co-founder of Southeast Asia’s online retail tiger, Lazada, at a recent press briefing in their Manila HQ. “I’m not just talking about e-commerce here,”…

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

    • CANON SIMPLIFIES BUSINESS FOR ANTRAK LOGISTICS “Even if I move to another company, I will bring Canon with me,”says Antrak Logistics Group’s Administration Manager, Ruby Mendoza. Having witnessed the performance of all the Canon equipment that the company…

  • Globe myBusiness offers SMEs free landline calls, free website with new postpaid plans

    Globe myBusiness offers SMEs free landline calls, free website with new postpaid plans

    As entrepreneurs become more budget conscious, they are constantly on the lookout for solutions that give value for their money.  Even the choice of communication tools is vital to putting their business on the map. As every peso counts,…

  • Smart unveils latest postpaid data plans, best deals now with FREE Deezer

    Smart unveils latest postpaid data plans, best deals now with FREE Deezer

    Wireless services leader Smart Communications, Inc. (Smart) has unveiled its latest lineup of postpaid data plans that give users better handset choices, bigger data volume allowance, and even non-stop music streaming on the go with FREE Deezer for every…