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  • Aseana City’s land valuation rising 18% annually

    Aseana City’s land valuation rising 18% annually

    D.M. Wenceslao & Associates Inc., owner-developer of the 204-hectare Aseana City, said the land valuation of the strategically-located property along Roxas Boulevard and Pres. Diosdado Macapagal Avenue has been rising 18 percent annually, making it the fastest growing business…

  • PLDT starts building P1.3-B Clark facility

    PLDT starts building P1.3-B Clark facility

    The Philippine Long Distance Telephone Co. ( PLDT) through its ICT subsidiary ePLDT, has started building its fifth facility worth P1.3 billion under its VITRO Data Center line in Clark, Pampanga. Including the three data centers operated by ePLDT…

  • Alsons Power Group eyes initial investments of P2B for RE venture

    Alsons Power Group, the holding firm for Alsons Consolidated Resources, Inc.’s power assets, eyes initial investments of more than P2 billion for its renewable energy venture, which involves putting up its first hydropower plant in Mindanao this year. To…

Investment More

  • Singapore Telecom to buy US cybersecurity firm for $810M

    Singapore Telecom to buy US cybersecurity firm for $810M

    Singapore Telecom (Singtel) said Wednesday it will buy almost all of US cybersecurity firm Trustwave for $810 million, saying it was looking to become “a global player” in the sector. Southeast Asia’s biggest telecom firm by revenue said it…

  • Sta.Lucia expands landbank nationwide

    Sta.Lucia expands landbank nationwide

    Listed company Sta. Lucia Land Inc. (SLI) has expanded its landbank by 176 hectares through joint ventures and acquisitions. In a disclosure to the Philippine Stock Exchange, the firm said it entered into 16 joint venture agreements in Davao,…

  • Ortigas & Co. invests P6.3B to develop two residential towers

    Ortigas & Co. invests P6.3B to develop two residential towers

    Property developer Ortigas & Co. is investing P6.3 billion to develop two residential towers, The Royalton and The Imperium, at its Capitol Commons mixed use project. In a statement, the firm said the two towers have earned the distinction as…

Banking More

  • Taiwan not among 57 charter members of China’s Asian Bank

    Taiwan not among 57 charter members of China’s Asian Bank

    BEIJING — China on Wednesday announced the 57 charter members of the proposed Chinese-led Asian Infrastructure Investment Bank, with longtime rival Taiwan left off the list despite expressing a desire to join. Taiwan’s exclusion means it won’t participate in…

  • WB urges PH to improve financial consumer protection regulation

    The World Bank (WB) said the Philippines should improve its financial consumer protection regulatory environment. “Philippines compares well with other economies on its approach to consumer protection in the banking sector although there is no international best practice in…

  • ECB says banking sector continuing to heal

    ECB says banking sector continuing to heal

    Frankfurt, Germany – Europe’s battered financial sector is showing further signs of healing and the European Central Bank’s raft of different policy measures are contributing to this, a key ECB survey showed on Tuesday. The ECB said its quarterly bank lending…

Stock Market More

  • Consumer, property remain favored

    As the local stock market trades higher after consecutive days of correction, consumer and property continued as generally favored among other industries in the benchmark index buoyed by the country’s low interest and inflation rates. “The consumer and property…

  • PSE index falls 150 points to 7,900 amid lack of leads

    PSE index falls 150 points to 7,900 amid lack of leads

    The local stock market fell to 7,900 level on Wednesday, extending its losses into a fourth day, on the absence of new leads. The benchmark Philippine Stock Exchange index (PSEi) lost significantly 150.03 points or 1.86 percent to 7,906.46…

  • Asian markets mostly down after China data

    Asian markets mostly down after China data

    Hong Kong, China — Equity m arkets in Hong Kong ticked higher Wednesday but Shanghai sank after a further slowdown in Chinese economic growth raised hopes for more stimulus, while Tokyo edged down on a stronger yen. Disappointing US…

Shipping More

  • SMC has option to build VMMC station

    SMC has option to build VMMC station

    It is now up to San Miguel Corp. (SMC) whether or not it will invest to build an additional station of the Metro Rail Transit (MRT) 7 at the proposed location of the intermodal transport terminal at the Veterans…

  • Planned rival Nicaragua won’t work – Panama Canal

    Panama Canal Authority Administrator Jorge Quijano said he doesn’t expect a planned rival waterway in Nicaragua to be completed because it won’t be able to compete economically with his shipping channel. “There’s very little hope for actually getting such…

  • Ditching Dreamliners: Here’s why United just bought a bunch of older airplanes

    United Airlines loves the Boeing 787 Dreamliner. It became the first US carrier to fly the long-haul jet and takes every opportunity to proclaim the Dreamliner’s passenger-friendly features and attractive operating costs. Yet price trumps all in airline economics,…

Business Agenda More

  • Doing business here keeps getting better

    Doing business here keeps getting better

    For the past few years, the information technology and business process management (IT-BPM) Industry has remained to be one of the biggest drivers of the Philippine economy. Data from the Information Technology and Business Process Association of the Philippines…

  • Public Good Governance

    Held twice a year, the Public Governance Forum (PGF) is a space in which the public sector reports on their initiatives toward genuine reform. The forum is a whole day affair featuring progress reports from national government agencies and…

  • Disrupt, or be disrupted

    Disrupt, or be disrupted

    ‘It’s critical that we systematically explore the longer-term implications of an age in which information is at the center of everything we do,”avers Rachel Maguire, research director at Institute For The Future. Information, according to Maguire, “continually reconditions us…

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

  • Apple wins patent appeal in China

    Apple wins patent appeal in China

    Apple has won an appeal in China over patent rights to voice recognition software such as the iPhone’s “Siri”, with a court overruling an earlier decision that had gone against the US technology giant. The legal battle begun in…

  • Tech Buzz

    • THE FIRST HARDWARE SECURE ENCRYPTION FOR MOBILE PHONE MESSAGES & CLOUD FILES KINGMAX Semiconductor Inc.  and GOTrust Technology Inc. has announced a multi-national distribution agreement for two unique Mobile phone security applications developed by GO-Trust. Sycret Cloud allows…

  • Smart announces exclusive partnership with Skype

    Smart announces exclusive partnership with Skype

    Smart Communications, Inc. (Smart) has announced an exclusive partnership with video messaging service Skype, to provide its subscribers the coolest new way to communicate with their friends on their mobile phones through the Skype Qik app. Skype Qik is…