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  • BSP survey finds consumers more upbeat

    BSP survey finds consumers more upbeat

    The Bangko Sentral ng Pilipinas’  latest Consumer Expectations Survey (CES) showed improved overall confidence level in the first quarter this year due to lower oil prices and higher household income which led to higher savings. Based on the latest…

  • Japanese gov’t provides P7.3-B ODA for various PH dev’t projects

    Japanese gov’t provides P7.3-B ODA for various PH dev’t projects

    The Japanese government, through the Japan International Cooperation Agency (JICA), is extending a total of 19.5 billion yen  (P7.3 billion) Official Development Assistance (ODA) to the Philippines to help alleviate traffic congestion in Metro Manila, and support disaster risk…

  • PSE index logs year’s  21st record close at 7,877+

    PSE index logs year’s 21st record close at 7,877+

    Local shares moved towards different directions again yesterday compared to the slumping major markets abroad and soared to another record close for the second straight day. The benchmark Philippine Stock Exchange index (PSEi) yesterday achieved  its 21st record close…

Investment More

  • 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…

  • Maynilad to build P1B sewage treatment plant in Muntinlupa

    Maynilad Water Services, Inc. (Maynilad) awards the construction of its P1.044-billion sewage treatment plant in Muntinlupa City to the J.E. Manalo-Degremont group. In a statement, Maynilad said J.E. Manalo will provide the civil works while Degremont will provide the…

Banking More

  • Metrobank’s P32B Stock Rights Offer to close Friday

    Metrobank’s P32B Stock Rights Offer to close Friday

    Metropolitan Bank and Trust Company (Metrobank) said it is scheduled to close its P32 billion stock rights offer tomorrow, March 27. The stock rights offer  is expected to support the bank’s growth and to further enhance its capital ratios.…

  • BDO shortens P5B LTNCD offer period, upsizes offer due to demand

    BDO shortens P5B LTNCD offer period, upsizes offer due to demand

    BDO Unibank, Inc. (BDO) said it closed the offer period for its issue of P5 billion worth of long-term negotiable certificates of deposit (LTNCDs) two days ahead of schedule. In a statement, BDO said the offer was upsized to P7.5 billion…

  • ADB president: China-led bank potential partner, not rival

    ADB president: China-led bank potential partner, not rival

    BEIJING — The president of the Asian Development Bank says a proposed Chinese-led regional bank is a potential partner instead of a rival and the ADB is talking with Beijing to share its experience. Takehiko Nakao’s comments came after…

Stock Market More

  • PSE index posts record close at 7,871.10

    PSE index posts record close at 7,871.10

    The Philippine Stock Exchange index (PSEi) posted a record close of 7,871.10, up by 34.76 points or 0.4 percent on Thursday’s session. The previous record close was 7,861.33 on March 6. “The country’s benchmark index closed ahead of its Asian counterparts as investors anticipate…

  • Asian markets mostly up after US, Europe gains

    Hong Kong, China – Asian markets mostly advanced Monday following rallies on Wall Street and in Europe, while the dollar continued to struggle after the Federal Reserve dampened expectations for an early interest rate hike. Tokyo ended 0.99 percent higher, adding…

  • Asian markets mostly welcome Fed rate move

    Hong Kong, China – The euro and yen maintained their gains against the dollar, while most equity markets outside Japan rallied after comments by the US Federal Reserve cooled expectations of an early summer hike. While the central bank opened the…

Shipping More

  • Neptune Orient Lines a takeover candidate

    The shipping company that helped cement Singapore’s status as a global trade hub may be shaping up as a takeover candidate. The appeal of Neptune Orient Lines Ltd. has increased after it agreed to sell its logistics unit last…

  • Hainan Airlines eyes 30-jet Boeing order

    Shanghai – China’s Hainan Airlines said it is planning to buy 30 Dreamliner aircraft from US giant Boeing – worth almost $8 billion at list prices – as it seeks to looks to expand its long-haul service. The 30…

  • Airlines to require 2 crew members always in cockpit

    London  – Airlines and officials around the world on Thursday began requiring two crew members to always be present in the cockpit, after details emerged that the co-pilot of Germanwings Flight 9525 had apparently locked himself in the cockpit…

Business Agenda More

  • With a little help from their friends

    With a little help from their friends

    While most companies would argue that giving back to the community where they work and operate is the natural thing to do, SAP Philippines Managing Director Darren Rushworth says this is just one way of looking at it. “Genuinely,…

  • Tax Awareness Month

    Tax Awareness Month

    By virtue of Proclamation No. 812, S.2005, April was declared Tax Awareness Month. However, it did not extend to the succeeding years. Nonetheless, April remains the month for tax awareness, as April 15 is the deadline for filing income…

  • Crowdsourcing distance run

    Crowdsourcing distance run

    ‘Destructive thoughts and emotions undermine the very causes of peace and happiness. If you think clearly about it, it makes no sense to think you’re seeking happiness, if you do nothing to restrain angry, spiteful, and malicious thoughts and…

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

  • Aboitiz to raise P25b from retail bonds

    Aboitiz Equity Ventures, Inc. (AEV) is planning to raise up to P25 billion from the issuance of fixed-rate retail bonds, inclusive of over subscription to fund its continued expansion. In a disclosure to the Philippine Stock Exchange, AEV said…

  • Tech Buzz

    • CONSUMER SENTIMENT ON PAYMENTS EVOLVES FROM “WHY MOBILE?” TO “WHAT’S NEXT?” IN 24 MONTHS According to the latest MasterCard research, consumers have shifted their focus from questioning the security of mobile payments to now discussing the possibilities of…

  • FreeSync technology has arrived in the PH

    FreeSync technology has arrived in the PH

    No stuttering. No tearing. No extra costs. Just smooth gaming. Those are pretty straightforward and reasonable requests from gamers, right? Today it becomes reality with the latest AMD Catalyst driver release. This is our first driver with AMD FreeSync…