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  • China forex reserves fall almost $100 bn in January

    China forex reserves fall almost $100 bn in January

    Beijing, China --  China’s foreign exchange reserves have fallen to their lowest level in more than three years, the central bank said Sunday, as Beijing sells dollars to stop the yuan from depreciating further. The world’s largest currency hoard shrank by $99.5 …

  • PH properties getting expensive

    PH properties getting expensive

    Prices of properties in the country are getting more expensive but a lot of Filipinos are even more optimistic of owning their dreamhouse someday. Lamudi Philippines Head of Research Rodel Ambas said the value of property in the Philippines has been …

  • Bank expects PH to grow 5.8 percent till 2020

    Bank expects PH to grow 5.8 percent till 2020

    The Philippine economy is seen to grow at least 5.8 percent in the next five years, London-based international lender Standard Chartered Bank said. Based on the lender’s survey among its clients in Manila, Standard Chartered’s top financial-institution and corporate clients revealed …

Investment More

  • Maynilad to invest P13.6B for water, waste water infra projects in 2016

    Maynilad to invest P13.6B for water, waste water infra projects in 2016

    Maynilad Water Services, Inc. (Maynilad) is investing  ₱13.6 billion this year for its water and wastewater infrastructure projects to help ensure sufficient water supply and pressure in the West Zone. In a statement, the Maynilad said that more than half of …

  • PSPC’s Korean parent gets $116.32M cash infusion from new investor

    PSPC’s Korean parent gets $116.32M cash infusion from new investor

    Phoenix Semiconductor Philippines Corporation’s (PSPC) Korean parent company, STS Semiconductor & Telecommunications, Co. Ltd. (STS), has found a white knight to provide it with a US$116.32 million cash infusion. In a disclosure to the Philippine Stock Exchange, PSPC said the STS …

  • Uber plans $1 billion China investment: report

    Uber plans $1 billion China investment: report

    Beijing, China | AFP -- Taxi hailing app Uber plans to invest seven billion yuan ($1.1 billion) in China, the Financial Times reported on its website, citing a company email. The paper said it obtained the message sent to Uber investors this week by its …

Banking More

  • Fed raises rate a quarter point to 0.25-0.50%

    Washington, United States | AFP  -  Fed raises rate a quarter point to 0.25-0.50%

  • For nine straight meetings, BSP keeps rates unchanged

    For nine straight meetings, BSP keeps rates unchanged

    The Bangko Sentral ng Pilipinas’ (BSP) Monetary Board  kept benchmark rates unchanged for nine straight meetings, with BSP finding inflation still benign and economic growth momentum on a path that is sustainable and supportive of monetary policy settings. “(BSP) observed that …

  • BSP likely to keep rates steady on Thursday- HSBC

    BSP likely to keep rates steady on Thursday- HSBC

    The Bangko Sentral ng Pilipinas is expected  to keep its key interest rates unchanged on Thursday, November 12, as the country’s economic growth remains resilient and liquidity is abundant, according to HSBC's latest Global Research report. “We have said for some …

Stock Market More

  • Chicago Stock Exchange to be sold to a Chinese group

    Chicago Stock Exchange to be sold to a Chinese group

    By Xinhua/China Daily News CHICAGO - The Chicago Stock Exchange announced on its website Friday that it has entered into a definitive agreement to be acquired by an investor group led by Chongqing Casin Enterprise Group (Casin Group). The Board of Directors of Chicago Stock Exchange has unanimously approved the transaction, the announcement said. But, it still needs to get regulatory approvals, and the final acquisition is expected to close in the second half of 2016. The terms of the transaction have not been disclosed. Chicago Stock Exchange CEO and President John Kerin said the acquisition is the best outcome for the clients, shareholders and the trading community as a whole "after an in-depth review of strategic alternatives for the exchange". It is learned that the Chinese company will preserve current business operations and proprietary trading platforms of Chicago Stock Exchange, and the management team will remain in place upon the closure of the transaction. Casin Group, headquartered in Chongqing, is a leading diversified holding company in China that has investments in financial services, real estate, and environmental services. It would be the first US stock exchange being purchased by a Chinese company. The 134-years-old stock exchange now handles about 0.5 percent of US stock trading.

  • D&L expects faster 2016 export growth

    D&L Industries, Inc., the country’s largest specialty plastics, food ingredients, and oleochemicals firm, expects its export business to bounce back to with a growth of at least 20 percent this year since the Manila port congestion has been resolved. “It is …

  • Oil prices rebound in Asia

    Singapore – Oil prices extended their rebound in Asia Thursday, buoyed by a weaker dollar, bargain buying and fresh speculation of a possible output cut by the OPEC producers' group. Traders brushed aside bearish data showing another increase in US commercial …

Shipping More

  • Top airlines offer to re-assign crew from Zika-hit routes

    Major US airlines United (UAL.N), Delta (DAL.N) and American (AAL.O) and Europe’s Lufthansa (LHAG.DE) and Air France (AIRF.PA) are offering to re-assign certain flight crew concerned about contracting the Zika virus from routes to affected countries. The previously unreported policies by …

  • Jetstar expands Manila services

    Jetstar expands Manila services

    Jetstar Japan, the largest low- cost carrier (LCC) in Japan, is expanding its services in the Philippines with the opening of three routes to Tokyo, Nagoya and Osaka for a total of 18 flights weekly starting next month. Chairman of Jetstar …

  • LBC and PNP in road safety partnership

    The country’s leading cargo logistics firm has partnered with the police in a win-win arrangement. The Philippine National Police Highway Patrol Group (PNP-HPG) and the Luzon Brokerage Corp. (LBC) are now collaborating to curb traffic problems, crime and accidents in Metro …

Business Agenda More

  • Millennials are dissatisfied, leaving their jobs – survey

    Millennials are dissatisfied, leaving their jobs – survey

    Four in 10 of millennial employees are thinking of resigning within the next two years because they don’t feel their leadership skills have been developed enough, survey said. Millennials are those born after 1982 or those individuals who reached adulthood around …

  • The next phase of Gawad Kalinga’s advocacy

    Last week, I was invited to attend the 3rd Global Social Business Summit at Gawad Kalinga’s (GK) Enchanted Farm in Angat, Bulacan. I had not heard of this summit before, neither have I heard of GK’s Enchanted Farm. I was …

  • Investments move to areas where talents are

    Investments move to areas where talents are

    Countries’ capability to produce highly-skilled workers leads to economic growth because investors are expanding to areas where there is a certain pool of talent that can match their requirements. That is what has been happening in the Philippines, according to Global …

Trade More

  • PH ambassador participates in ASEAN Committee of Lisbon Portugal business forum

    PH ambassador participates in ASEAN Committee of Lisbon Portugal business forum

        Philippine Ambassador to Portugal Philippe J. Lhuillier recently participated in a business forum co-organized by the ASEAN Committee of Lisbon Portugal (ACLP) and Portuguese consultancy firm Sociedade Portuguesa Inovação (SPI) in Porto, in the northern region of Portugal. The forum’s objective …

  • China economy shows more weakness as imports, exports fall

    China economy shows more weakness as imports, exports fall

    Beijing, China | AFP -- Chinese imports fell for a seventh straight month in May while exports also sank, data showed Monday, as the world's second biggest economy shows protracted weakness in the face of government easing measures. The disappointing figures also come as leaders …

  • 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 to compete …

Business Tech More

  • PLDT introduces IEC 2016

    PLDT Group brings IEC2016 to the world. The PLDT Group has powered the livestreaming of the International Eucharistic Congress (IEC 2016) by Radio Television Malacanang (RTVM), allowing people to view this historic religious event happening now in Cebu City straight …

  • Epson develops new office papermaking system

    Epson develops new office papermaking system

    Seiko Epson Corporation (SEC) has developed what it believes to be the world’s first compact office papermaking system capable of producing new paper from securely shredded waste paper without the use of water. Epson plans to put the new “PaperLab” …

  • Quipper, DepEd collaboration to boost K-12 programs

    Quipper is an e-learning service provider that is working hand-in-hand with the Department of Education (DepEd) to innovate schools, and improve education for teachers and students in the transition to K-12 programs. This move is also made to ensure that Filipino …