Manila Bulletin | Latest Breaking News | News Philippines | Business
Natural Disaster
Home » Business

Business

Business News More

  • News in brief

    SMDC TURNS OVER TWO CONDOS SM Development Corporation (SMDC), the residential development arm of property conglomerate SM Prime Holdings, Inc., has turned over more than 2,500 units in two condominium projects in Makati and Mandaluyong. As of the end…

  • Private sector myth: Why are capital flows in power projects failing? (Second of three parts)

    Private sector myth: Why are capital flows in power projects failing? (Second of three parts)

    For an industry which had gone major transformation, there were notable pitfalls, but there were supposedly massive opportunities, too – for investments. The big question is: How come the anticipated capital flow for new power projects did not materialize…

  • Entrepreneurial programs to help nation’s elderly urged

    Taking the cudgels for the elderly, a former lawmaker and known advocate of senior citizens’ rights and welfare, has urged the government to “help conceptualize, fund, and implement projects on the grassroots level that will empower the country’s ageing…

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

  • Business outlook remains strong in 2H – BSP survey

    Despite some seasonal low demand during the third quarter, mainly because of weather-related disruptions and other expenses such as school payments, outlook remained strong with businessmen turning their focus to the last quarter of the year to boost their…

  • US bank earnings up 5.2 percent in 2Q

    Washington – US banks’ earnings rose 5.2 percent in the April-June quarter from a year earlier, as banks reduced their expenses and lending marked its fastest pace since 2007. The data issued Thursday by the Federal Deposit Insurance Corp.…

  • Bank lending up 21.8% in July

    The Bangko Sentral ng Pilipinas (BSP) reported that large lenders’ outstanding loans increased 21.8 percent year-on-year as of end-July, a faster rate than the 20.1 percent growth posted the previous month. In a statement, the BSP said commercial bank…

Stock Market More

  • Local shares

    Local  shares went below 7,100-crucial mark after the growth in the country’s second quarter gross domestic product failed to sustain the positive momentum in the market. Philippine Stock Exchange index (PSEi) retreated further below 49.81 points, or 0.70 percent…

  • Asian markets

    Hong Kong – Asian markets mostly fell Friday as the prospect of a military confrontation between Ukraine and Russia knocked confidence and offset forecast-beating US growth data. The rise in geopolitical uncertainty prompted investors to buy lower-risk assets such…

  • Stocks snub GDP growth

    The growth seen in the country’s second quarter gross domestic product (GDP) failed to drive the local market, with the main composite index falling for the first time in seven days. On Thursday, Philippine Stock Exchange index (PSEi) retreated…

Shipping More

  • Commerzbank sells 9 ships

    Commerzbank AG, Germany’s second- largest lender, said it agreed to sell nine container vessels in an effort to redeem loans, three weeks after stepping up plans to divest of unwanted assets. The proceeds of the sale will be used…

  • Malaysia, Australia share costs for MH370 search

    Malaysia, Australia share costs for MH370 search

    Sydney – Malaysia on Thursday said it would share with Australia the cost of the latest effort to uncover signs of missing Malaysia Airlines Flight MH370, in the hope of unlocking modern aviation’s greatest mystery. Months of searches have…

  • New ship rules come amid worst barge spills since 2008

    Tighter regulation of U.S. ships carrying record exports of diesel and gasoline is coming amid the worst year for oil spills from barges since 2008. Coast Guard rules to be issued within the next 90 days would require commercial…

Business Agenda More

  • The crux of (the) matter

    The crux of (the) matter

    At first glance, business and quantum physics seem so unrelated that you normally would not find both terms in one sentence. Business involves the management of people, capital and profit flows, production and distribution of products, customers, and a…

  • Collaborative platforms

    Collaborative platforms

    In a country where the BPO industry and call centers stand as major sources of employment and income, social media will play a much bigger role in refining technologies applied to these sectors. Along with that, video technology must…

  • A different Boracay experience in Fairways & Bluewater Newcoast

    A different Boracay experience in Fairways & Bluewater Newcoast

    This resort in the quieter part of Boracay offers spacious rooms, a world-class golf course, environment-friendly amenities and adventure activities, with expansion plans for enhancing one’s island vacation even more   It’s a different Boracay experience awaiting you if…

Trade More

  • Anti-dumping duty vs Turkish flour not effective – PAFMIL

    The Philippine Association of Flour Millers (PAFMIL) yesterday alleged before the Senate Committee on Agriculture and Food that Turkey continues to dump flour in the Philippines despite the provisional dumping duty imposed by the Department of Agriculture in April…

  • Port congestion slowed growth – businessmen

    Businessmen, blamed the slow second quarter growth to the port congestion problem. The Semiconductor and Electronics Industry of the Philippines Inc. said the country’s GDP in the second quarter could have expanded higher had it not for the Manila…

  • MICC opens small-scale black  sand mining in ‘Yolanda Avenue’

    MICC opens small-scale black sand mining in ‘Yolanda Avenue’

    The Mining Industry Coordinating Council (MICC) has agreed to open “Yolanda Avenue” (Samar and Leyte) for small-scale black sand mining to encourage the establishment of iron processing plants that will create thousands of jobs for Typhoon Yolanda survivors, create…

Business Tech More

  • M2.O Communications joins PROI Worldwide Partnership

    M2.O Communications, a leading and rapidly growing communications agency in the Philippines, has become a PROI Worldwide Partner Agency, joining more than 65 leading PROI Partner agencies whose combined 2013 net fee income of US$ 525 million rated them…

  • Epson improves point-of-sale efficiency with cloud-enabled printers

    Epson improves point-of-sale efficiency with cloud-enabled printers

    Global research has shown that 75% of stores are looking to adopt cloud-based Point-Of-Sale (POS) systems in the next 5 years to improve the in-store customer experience and attract more shoppers. By providing information fast with the use of…

  • Tech Buzz

    • Western Digital announces financial results for fourth quarter and fiscal year 2014 Western Digital Corp. has reported financial results for the fourth quarter and fiscal year ended June 27, 2014. For the fourth quarter, the company reported revenue…