Pinoy Business News

Pinoy Business News

  • Palace mourns death of Gokongwei matriarch
    by ABS-CBN News on November 17, 2019 at 12:47 am

    Malacañang mourned the passing of Elizabeth Gokongwei, who died Saturday, a week after the passing of her husband billionaire John Gokongwei Jr.

  • Long live Gina Lopez!
    by racosta on November 16, 2019 at 8:30 pm

    For the three women behind sustainable lifestyle retail brand Echostore, the legacy of the late Gina Lopez, Filipino philanthropist and environmentalist, is a gift that keeps on giving. Barely two months after the world lost Lopez to brain cancer, Reena Francisco, Jeannie Javelosa and Pacita “Chit” Juan, were asked by her family to take on The post Long live Gina Lopez! appeared first on Inquirer Business.

  • The psychology behind drinking milk tea
    by racosta on November 16, 2019 at 8:20 pm

    When companies no longer know where to go, they go to Aaron Palileo, a marketing teacher who, in another life, may as well have been a therapist. Big names like Giordano and Serenitea have sought out his help. When the business is in a plateau, the answer, the 42-year old Palileo would say, is not The post The psychology behind drinking milk tea appeared first on Inquirer Business.

  • In major green thrust, SMC to shift to biodegradable plastic packaging
    by racosta on November 16, 2019 at 8:10 pm

    San Miguel Corp. (SMC)—the country’s largest conglomerate—is set to become the first Filipino company to utilize fully certified biodegradable plastic packaging. The company, which is also Southeast Asia’s largest food processor, said it was tapping a local firm that has been developing and testing the technology in the last five years. SMC will initially use The post In major green thrust, SMC to shift to biodegradable plastic packaging appeared first on Inquirer […]

  • Filipino chefs impress with binakol, sisig at Spain’s prestigious food stage
    by racosta on November 16, 2019 at 8:00 pm

    Two chefs raised high the Philippine flag at the San Sebastian Gastronomika recently. They are chefs JP Anglo of Sarsa Kitchen and Sau del Rosario of Cafe Fleur, who both gave well-received presentations last October at the prestigious Gastronomika whose stage has been honored by top world chefs from the Roca brothers to Massimo Bottura The post Filipino chefs impress with binakol, sisig at Spain’s prestigious food stage appeared first on Inquirer Business.

  • TCL brings display expertise to smartphones
    by The Manila Times on November 16, 2019 at 4:10 pm

    TCL Communication recently announced the launch of TCL Plex, a smartphone that brings the brand’s renowned display expertise to a mobile form factor. Featuring TCL Nxtvision, a proprietary advanced display optimization and camera technology, you could see your screen come to life with enriched color, clarity and contrast enhancement in real-time and have an elevated

  • Check point integrates Cloud Guard with Azure
    by The Manila Times on November 16, 2019 at 4:09 pm

    Cyber security solutions provider, Check Point Software Technologies Ltd., recently announced a key integration between CloudGuard and Microsoft Azure Security Center. The integration delivers comprehensive Azure security posture management, which is based on an aggregated view of Azure security recommendations from both CloudGuard and Azure Security Centre, in a single pane of glass. The integration

  • Free Bee now at I-Remit branches
    by The Manila Times on November 16, 2019 at 4:08 pm

    PLDT Global Corp. (PGC) has recently teamed up with remittance company I-Remit to launch its Free Bee payment service worldwide. This means that overseas Filipinos in Hong Kong, Singapore, Australia, Canada, the United Kingdom, Italy and other parts of the world could now make Free Bee payments with zero service fees. The partnership was launched

  • Light your home smarter
    by NOEMI LARDIZABAL-DADO on November 16, 2019 at 4:07 pm

    Imagine a future where you could just let your kitchen or bedroom lights flash colors in tune to a dance music or where lighting could notify you of the weather. Imagine if you are away from home but you could still turn on the lights there with just a swipe on your cellphone. These were

  • The current state of 5G
    by The Manila Times on November 16, 2019 at 4:06 pm

    By TechSabado.com editors 5G technology, with its promises of self-driving cars, remote surgery and igniting the Fourth Industrial Revolution, is heating up the competition among nations to be the first to fully rollout a viable commercial version of the next generation in mobile connectivity. Additional incentives include exceptional revenues to be generated by telcos and

  • Starting a business
    by Gabriela Baron on November 16, 2019 at 4:05 pm

    The Philippines has been known for being difficult in terms of ease in doing business.

  • Versatech official Bose pro PH distributor
    by The Manila Times on November 16, 2019 at 4:03 pm

    Bose Professional has reinforced its presence as an undisputed market leader in developing innovative loudspeakers, electronics and software to meet the needs of demanding professional audio applications. Bose shows its intent to further qualitative expansion within the burgeoning Southeast Asian market with the announcement of Versatech International Inc. as its official distribution partner for the

  • MS launches first APAC Experience Center
    by The Manila Times on November 16, 2019 at 4:02 pm

    Microsoft opens its first ever Experience Center Asia located within the new regional headquarters for Microsoft at Frasers Tower in Singapore. The Experience Center Asia showcases a confluence of technology and partners, to empower every organization in every industry to digitalize, disrupt, innovate and transform, a blueprint for organizations to adopt the culture, physical spaces

  • Latest Poly headsets cut ambient noise to enhance productivity
    by TONY M. MAGHIRANG on November 16, 2019 at 4:01 pm

    Meaningful connection and communication is central to effective human interaction. But noise, intrusive ambient noise, has become a part of everyday living such that errors could happen in the delivery of information, especially across digital platforms. Poly, a global communications company, seeks to redefine the conversation space with its next generation Savi wireless headsets. Using

  • Manipulating people
    by Francis J. Kong on November 16, 2019 at 4:00 pm

    I have worked with people who are great to work with.

  • AllHome earnings up 22% to P746 million
    by Iris Gonzales on November 16, 2019 at 4:00 pm

    AllHome Corp., the Villar-owned one-stop shop home store in the Philippines, posted a strong nine-month performance.

  • Logistics firms deliver lower profit in 9 months
    by Richmond Mercurio on November 16, 2019 at 4:00 pm

    Logistics companies Chelsea Logistics and Infrastructure Holdings Corp. and LBC Express Holdings Inc. reported lower earnings in the nine months ending September.

  • Tougher battle ahead
    by Mary Ann LL. Reyes on November 16, 2019 at 4:00 pm

    Panay Electric Co., which had been distributing electricity in Iloilo City for the last 96 years until its franchise expired and a new one covering the same area granted by Congress to another power company, has announced that it is applying for a new legislative franchise.

  • AirAsia adds more flights to top domestic routes
    by Richmond Mercurio on November 16, 2019 at 4:00 pm

    Low-cost carrier AirAsia Philippines is mounting more flights to three key local destinations to cater to the higher demand this holiday season.

  • WHO cites Philippine for efforts to raise ‘sin’ taxes
    by Mary Grace Padin on November 16, 2019 at 4:00 pm

    The World Health Organization has cited the reforms implemented by the Philippine government to raise taxes on alcohol and tobacco products as a means to reduce the incidence of non-communicable diseases, the Department of Finance said.

  • Cathay Land expands Cavite industrial park
    by Louella Desiderio on November 16, 2019 at 4:00 pm

    Property developer Cathay Land Inc. is expanding its industrial park in Cavite to take advantage of demand from firms in China looking to relocate amid an ongoing trade war with the US.

  • Smart cities, IoT seen to lead technology trends next year
    on November 16, 2019 at 4:00 pm

    Global technology services firm NTT Ltd. expects wider adoption of disruptive technologies next year, with the fusing of data, automation and internet of things technologies to create connected cities and societies.

  • Understanding the law on inheritance in Philippine
    on November 16, 2019 at 4:00 pm

    The Center for Global Best Practices is launching a pioneering program titled, “Inheritance and Disinheritance Law of the Philippines” on Dec. 5, 2019 at the Marriott Grand Ballroom, Resorts World Complex, Pasay City.

  • Top online lender lauds crackdown on erring players
    on November 16, 2019 at 4:00 pm

    A leading online lender has lauded the Securities and Exchange Commission for shutting down the operations of several players without the necessary licenses.

  • WHO cites PH as ‘forerunner’ in sin tax reforms
    by MB Business on November 16, 2019 at 2:00 pm

    The World Health Organization (WHO) has named the Philippines as an international model for cost-effective promotion of health and reduction of non-communicable diseases (NCD) due to the country’s “sin” tax reforms.

  • Making both conventional and organic agriculture work in PH
    by MB Business on November 16, 2019 at 2:00 pm

    Despite the arguments against the soundness of the prohibition of use of chemical fertilizers, synthetic pesticides and GMOs, organic agriculture had been growing spectacularly during the last 18 years. From 11.0 million hectares in 1999, farmlands devoted to organic production have multiplied in 2017 to 69.8 million hectares, 1.4% of the world’s total farmlands.

  • Indonesians mull quitting ‘rice addiction’ over diabetes fears
    by MB Business on November 16, 2019 at 2:00 pm

    Indonesian Mirnawati once ate rice with every meal, but its link to diabetes convinced her to join a growing movement to quit a staple food in the third biggest rice-consuming nation on Earth.

  • $105-M net hot money inflows in Oct.
    by MB Business on November 16, 2019 at 2:00 pm

    The Bangko Sentral ng Pilipinas (BSP) said it registered $105 million of net foreign portfolio investments in October, reversing September’s $232-million net outflows.

  • DA seeks more WB assistance
    by MB Business on November 16, 2019 at 2:00 pm

    The Department of Agriculture (DA) had sought help from World Bank to fund more than ₱25 billion worth of projects on top of the ₱27-billion Philippine Rural Development Project (PRDP), which is poised to get additional budget soon.

  • EDC’s Mt. Apo plant back in operation
    by MB Business on November 16, 2019 at 2:00 pm

    The Mount Apo geothermal power facility of Lopez-led Energy Development Corporation (EDC) had been back on-line and to normal operations after it was disrupted by the strike of earthquake last month.

  • Ernest Leung, former Finance secretary, passes away
    by ABS-CBN News on November 16, 2019 at 1:11 pm

    Former Finance secretary Ernest Leung passed away on Friday, Carlos Dominguez, the department's current head, confirmed.

  • Alphabet features self-driving trash cans, noise monitors in Toronto smart city project
    by Moira Warburton, Reuters on November 16, 2019 at 10:36 am

    Alphabet's Sidewalk Labs has provided more details on the technology it intends to use to develop a futuristic smart city in Toronto, which includes self-driving garbage cans and infra-red sensors to track foot traffic in stores, a document released by the company on Friday said.

  • No price hike in noche buena items, basic commodities until next year: DTI
    by Apples Jalandoni, ABS-CBN News on November 16, 2019 at 10:00 am

    MANILA - The Department of Trade and Industry (DTI) assured the public on Saturday that there would be no price increases of prime and basic commodities, as well as noche buena items, until next year. 

  • Lalaki natagpuang patay sa kaniyang hinukay na tambakan ng basura
    by ABS-CBN News on November 16, 2019 at 9:49 am

    MANAPLA, Negros Occidental - Isang 60 anyos na lalaki ang natagpuang patay sa kaniyang hinuhukay na tambakan ng basura sa Barangay Punta Mesa sa bayan na ito Biyernes ng hapon.  

  • Gasolina may dagdag-presyo, diesel may rollback sa Nobyembre 19
    by ABS-CBN News on November 16, 2019 at 9:45 am

    Ayon sa taya ng mga taga-industriya, magkakaroon ng rollback ang diesel at kerosene habang may oil price hike naman ang gasolina.

  • Mrs. Elizabeth Gokongwei, 85
    by Gabriela Baron on November 16, 2019 at 8:36 am

    Mrs. Elizabeth Yu Gokongwei, the widow of taipan John Gokongwei Jr., passed away a day after her husband was buried. The woman behind the success of her industrialist husband died at the age of 85.

  • Gokongwei matriarch Elizabeth dies at 85
    by postie on November 16, 2019 at 8:11 am

    MANILA, Philippines — Elizabeth Yu Gokongwei, wife of JG Summit Holdings founding chair John Gokongwei Jr., died on Saturday a week after her husband’s death. She was 85. Lance Gokongwei says family matriarch passed away today, a day after their father was buried. Rest In Peace. Our prayers go out to the family on this The post Gokongwei matriarch Elizabeth dies at 85 appeared first on Inquirer Business.

  • John Gokongwei Jr.’s widow Elizabeth passes away
    by ABS-CBN News on November 16, 2019 at 8:09 am

    MANILA — Elizabeth Gokongwei died Saturday, a week after the passing of her husband, late billionaire John Gokongwei Jr., her family confirmed. She was 85. 

  • Ernest Leung: civil servant, adventurer, 80
    by ddumlao on November 16, 2019 at 8:07 am

    Ernest Leung- a former Finance minister, banking regulator, development banker, capital market guardian, and high school teacher – passed away on Friday. He was 80. An outdoor-lover, Leung succumbed to malaria, which he picked up from his last adventure trip in Papua New Guinea, close family members and friends confirmed on Friday night. He is The post Ernest Leung: civil servant, adventurer, 80 appeared first on Inquirer Business.

  • Gasoline prices to go up by P0.80-P0.90/liter; diesel on rollback by P0.30-P0.40/liter
    by Rizal Obanil on November 16, 2019 at 5:35 am

    Gasoline prices are anticipated to go up by P0.80 to P0.90 per liter next week, based on the calculations of the oil companies.

  • Business Mentor: The secrets of running a successful food startup
    by Armando Bartolome on November 16, 2019 at 12:00 am

    Most of the people I help want to start a food business. This is because this seems less risky since everyone needs to buy food.

  • Remittances up 3.9% to $24.6B in 9 months
    by racosta on November 15, 2019 at 8:54 pm

    Dollars sent home by expatriate Filipinos continued to rise in September as both land- and sea-based workers remitted more cash to their local beneficiaries, according to the latest data from the Bangko Sentral ng Pilipinas. The central bank said that personal remittances from Filipinos either working or living abroad hit $2.6 billion in September 2019, The post Remittances up 3.9% to $24.6B in 9 months appeared first on Inquirer Business.

  • ‘Uncooperative AMA Bank staff delaying PDIC payments to depositors’
    by racosta on November 15, 2019 at 8:52 pm

    Employees of the shuttered AMA Rural Bank of Mandaluyong have refused to cooperate with bank regulators, thus delaying the payout of insured deposits to its clients, the Philippine Deposit Insurance Corp. said on Friday. In a press briefing, officials of the state deposit insurer said they were now in physical possession of the bank’s premises The post ‘Uncooperative AMA Bank staff delaying PDIC payments to depositors’ appeared first on Inquirer Business.

  • PH sin tax scheme gets WHO’s nod
    by racosta on November 15, 2019 at 8:50 pm

    The World Health Organization (WHO) has lauded the Philippines’ efforts to impose higher excise taxes on alcohol and tobacco products as an international model for cost-effective promotion of health and reduction of non-communicable diseases. In a report about the country’s groundbreaking efforts, WHO said the Duterte administration’s “actions to prevent non-communicable diseases in the Philippines The post PH sin tax scheme gets WHO’s nod appeared first on […]

  • Gokongwei’s flagship JG Summit rakes in P22.2B profit at end-Sept
    by racosta on November 15, 2019 at 8:48 pm

    JG Summit Holdings Inc., the Gokongwei family’s flagship conglomerate, saw profits surge higher in the nine months through September on earnings from its core consumer, property and airline businesses. JG Summit said in a stock exchange filing that net income from January to September hit P22.2 billion, a gain of 50 percent over the same The post Gokongwei’s flagship JG Summit rakes in P22.2B profit at end-Sept appeared first on Inquirer Business.

  • New accounting tweaks hit PAL, forcing profits to plunge
    by racosta on November 15, 2019 at 8:46 pm

    The operator of flag carrier Philippine Airlines (PAL) saw losses widen at end-September, mainly from the impact of new accounting rules on leased planes previously not reflected on the balance sheet. Taipan Lucio Tan’s PAL Holdings Inc. said losses from January to September this year hit P8.49 billion, up almost 116.6 percent year-on-year. The steep The post New accounting tweaks hit PAL, forcing profits to plunge appeared first on Inquirer Business.

  • Oct ‘hot money’ inflows hit $105M
    by Tyrone Jasper C. Piad on November 15, 2019 at 4:28 pm

    FOREIGN portfolio investments posted net inflows of $105 million last month, compared to the $232 million that left the country in September, the Bangko Sentral ng Pilipinas (BSP) reported in Friday. In a statement, the central bank said October’s “hot money” — so called because of how these easily enter and exit the economy —

  • OFW remittances surge in Sept – BSP
    by Jordeene B. Lagare on November 15, 2019 at 4:22 pm

    MONEY sent home by overseas Filipino workers (OFWs) climbed in September, data from the Bangko Sentral ng Pilipinas (BSP) showed on Friday. In a statement, the central bank said personal remittances — made up of OFWs’ net compensation; personal transfers, whether in cash or kind; and capital transfers between households — reached $24.6 billion in

  • PDIC issues demand letters to key employees at AMA Rural Bank of Mandaluyong
    by ABS-CBN News on November 15, 2019 at 3:38 pm

    The bank's employees refused to turn over key documents to state regulators.

  • PH shares end flat as earnings season wraps up
    by ABS-CBN News on November 15, 2019 at 3:34 pm

    Philippine shares ended the week on a somber note finishing flat as the earnings season comes to a halt.

  • Nominations for ACES 2020 now open
    by MB Business on November 15, 2019 at 2:00 pm

    The Asia Corporate Excellence and Sustainability Awards (ACES) committee announces the opening of nominations for its 2020 Awards.

  • ATI expands gateway ports, sees no cargo flow bottlenecks
    by MB Business on November 15, 2019 at 2:00 pm

    Asian Terminals, Inc. (ATI) expects no cargo flow bottlenecks for this December holiday season after expanding its gateway ports in Manila and Batangas.

  • Arthaland to issue ₱3-B green bonds
    by MB Business on November 15, 2019 at 2:00 pm

    Arthaland Corporation (ALCO), the green property development firm controlled by the Po family, is planning to be the first local real estate firm to issue ASEAN Green Bonds.

  • JG Summit income surges 52% to ₱22.5B
    by MB Business on November 15, 2019 at 2:00 pm

    JG Summit Holdings Inc. posted a strong recovery in the first nine months of 2019 with consolidated net income surging 52 percent to ₱22.5 billion from the same period last year (SPLY).

  • Cash remittances reach $22 B in Sept.
    by MB Business on November 15, 2019 at 2:00 pm

    Cash remittances sent home by overseas Filipinos amounted to $22.187 billion as of end-September, up 4.2 percent year-on-year from $21.294 billion, the Bangko Sentral ng Pilipinas (BSP) reported Friday.

  • Chevron to retain PH downstream oil business
    by MB Business on November 15, 2019 at 2:00 pm

    Amid its anticipated pullout from the Malampaya gas field project due to a ‘highly tempting’ purchase offer from Davao businessman Dennis Uy, American energy giant Chevron Corporation indicated that it will be maintaining its downstream oil business in the Philippines -- which primarily carries the Caltex brand.

  • Elizabeth T. Sy runs SMHCC as a major force in PH tourism
    by MB Business on November 15, 2019 at 2:00 pm

    The strength of SM Hotels and Convention Corporation (SMHCC) as a company not only lies in having a competent workforce, established processes, and a clearly defined mission statement. It also rests in having a woman leader with an empathetic approach who inspires the rest of the team to be better than their best. Such is SMHCC’s President Elizabeth T. Sy.

  • Megawide posts ₱835-M net profit
    by MB Business on November 15, 2019 at 2:00 pm

    Engineering and infrastructure conglomerate Megawide Construction Corporation reported a net income of P835 million as consolidated revenues grew 7 percent to ₱13.7 billion during the first nine months of 2019 from the ₱12.8 billion posted in the same period last year.

  • FDC boosts net profit by 16% to ₱9 billion in first 9 months
    by MB Business on November 15, 2019 at 2:00 pm

    Gotianun family-led Filinvest Development Corporation (FDC) reported an attributable net income growth of 16 percent to ₱9.0 billion for the first nine months of 2019 from the ₱7.7 billion in the same period last year

  • Alsons earnings post significant jump to ₱587 M in 9 months
    by MB Business on November 15, 2019 at 2:00 pm

    With its Sarangani coal-fired power plant as the income driver, Alsons Consolidated Resources Inc. of the Alcantara group had logged glaring increase in its net earnings to ₱587.7 million versus last year’s lean financial outcome of ₱197.39 million.

  • DHL Express boosts freight capacity with first dedicated aircraft to Cebu
    by MB Business on November 15, 2019 at 2:00 pm

    DHL Express, the world’s leading international express service provider, has officially inaugurated its first Airbus A300-600 freight aircraft dedicated to servicing the Visayas and Mindanao (VisMin) regions in the Philippines. Previously serviced by commercial flights, international shipments that are consolidated in Cebu will now be taken care of by this dedicated freight aircraft operating five times a week.

  • Ayala takes 20% stake in Myanmar conglomerate
    by MB Business on November 15, 2019 at 2:00 pm

    Ayala Corporation is investing US$237.5 million to forge a strategic partnership with the Yoma Group, Myanmar’s leading conglomerate led by the Pun family.

  • Cosco core profit rises; Puregold makes ₱4.5 B
    by MB Business on November 15, 2019 at 2:00 pm

    Cosco Capital, Inc., the listed retail holding firm of Lucio L. Co, reported a 13.1 percent hike in consolidated core net income to ₱6.51 billion in the first nine months of 2019 from ₱5.76 billion in same period last year.

  • DRC gov’t cites ICTSI Matadi as ‘best infra project’
    by MB Business on November 15, 2019 at 2:00 pm

    Matadi Gateway Terminal (MGT), the Congolese unit of International Container Terminal Services, Inc. (ICTSI), was recently cited as the best investment project in the infrastructure sector in the Democratic Republic of the Congo.

  • PH urged to offer other maritime courses than just pure manpower
    by MB Business on November 15, 2019 at 2:00 pm

    Instead of supplying pure manpower to ocean-going vessels, the Philippines has been urged to scale up its maritime capabilities by offering new programs and courses to young Filipinos who would like a career in the maritime industry.

  • SEC orders PSE: Take over stock brokerage
    by MB Business on November 15, 2019 at 2:00 pm

    The Securities and Exchange Commission (SEC) has ordered the Capital Markets Integrity Corporation (CMIC) – the independent audit, surveillance and compliance arm of the Philippine Stock Exchange (PSE) – to take over the operations of stockbroker R&L Investments, Inc. to protect affected customer accounts.

  • AirAsia adds more flights, over 100,000 seats to select routes for holidays
    by ABS-CBN News on November 15, 2019 at 10:55 am

    Additional flights from Manila to Davao, Iloilo, and Cebu for travels between Dec. 1, 2019 to Jan. 31, 2020 are available, AirAsia Philippines said in a statement.   

  • Smart reasons to get car insurance online
    by ABS-CBN News on November 15, 2019 at 10:20 am

    Did you know that you can also get car insurance on the internet?

  • Huawei sells folding smartphone with no Google after US ban
    by Noreen Jazul on November 15, 2019 at 9:59 am

    Chinese tech giant Huawei is selling its first folding smartphone without Google apps or U.S.-made processor chips following sanctions imposed by Washington.

  • Hong Kong Q3 GDP shrinks 3.2 percent, confirms depth of recession
    by ABS-CBN News on November 15, 2019 at 9:51 am

    The economy shrank by a seasonally adjusted 3.2 percent in July-September from the previous quarter, in line with a preliminary reading, revised government data showed. Gross domestic product (GDP) contracted for the second consecutive quarter, meeting the technical definition of a recession.

  • China lifts almost 5-year ban on import of US poultry
    by Noreen Jazul on November 15, 2019 at 9:23 am

    China has lifted import restrictions on poultry products from the United States after nearly five years, according to the General Administration of Customs and the Ministry of Agriculture.

  • Amazon to protest Pentagon award of cloud contract to Microsoft
    by Noreen Jazul on November 15, 2019 at 9:20 am

    The United States tech multinational Amazon announced Thursday that it would protest the Pentagon’s award to Microsoft of a cloud computing contract valued at up to $10 billion.

  • AllHome posts record 225% net profit growth at P746 M
    by MB Business on November 15, 2019 at 9:08 am

    AllHome Corporation, the Villar group’s pioneering one-stop shop home store in the Philippines, delivered a record 225 percent growth in net income to P746.2 million for the first nine months of 2019 from P229.7 million in the same period last year.

  • Gov't to start all 'Build, Build, Build' projects within Duterte term, adviser says
    by RG Cruz, ABS-CBN News on November 15, 2019 at 8:03 am

    Duterte's "Build, Build, Build" list of trains, railways, airports, roads and bridges was recently expanded to 100 from the original 75.  

  • SEC orders PSE's compliance arm to take over brokerage hit by P700-M theft
    by ABS-CBN News on November 15, 2019 at 7:56 am

    The Capital Markets Integrity Corporation's move will "protect affected customer accounts" of R&L Investments, the SEC said in a statement.

  • Australia’s Qantas operates 19 ½ hour London-Sydney flight
    by Rizal Obanil on November 15, 2019 at 6:36 am

    PERTH, Australia — Australia’s national carrier Qantas on Friday successfully completed a 19-and-a-half hour non-stop flight from London to Sydney, which was used to run a series of tests to assess the effects of ultra long-haul flights on crew fatigue and passenger jetlag.

  • ‘Pepe’ Ong, CDO chairman and co-founder dies, 78
    by Noreen Jazul on November 15, 2019 at 2:53 am

    CDO Foodsphere, Inc. chairman and co-founder Jose "Pepe" J. Ong passed away Thursday at the age of 78.

  • China says ‘in depth’ talks on tariffs removal underway with US
    by Noreen Jazul on November 15, 2019 at 2:24 am

    China Thursday said it is discussing with the US "in depth" about a first phase trade deal and a potential rollback of tariffs, despite recent mixed messages over the lingering trade impasse.

  • Alibaba confirms huge Hong Kong public listing
    by Noreen Jazul on November 15, 2019 at 2:15 am

    Chinese technology giant Alibaba confirmed Friday its plans to list on the Hong Kong stock exchange, in an initial public listing aiming to raise up to $13.8 billion.

  • Don’t pay cash, just send to bank with PayMaya!  
    by Gabriela Baron on November 15, 2019 at 1:00 am

    Getting turned off by the hassles and extra transaction fees of moving money to another bank account?

  • Blastik and Coca-Cola lead local community to go beyond single-use lifestyle
    by Ally Nievera on November 15, 2019 at 12:00 am

    In Negros Occidental, known as the “Sugar bowl of the Philippines”, a small farming community called PeacePond is attempting to reduce its environmental footprint through the Balik Plastic Project or Blastik Project, its joint initiative with the Alternative Indigenous Development Foundation (AIDFI), supported by The Coca-Cola Foundation.

  • Federal Land opens first mall, plans to build more
    by MB Business on November 14, 2019 at 2:00 pm

    Federal Land, Inc., (FLI) the real estate arm of GT Capital Holdings, has launched its first full mall and is now in a “catch up mode” in terms of its commercial retail space expansion.

  • AGI posts ₱19.3-B profit in 9 months
    by MB Business on November 14, 2019 at 2:00 pm

    Alliance Global Group, Inc. (AGI), the investment holding company of tycoon Dr. Andrew Tan, reported a 4 percent improvement in net income to ₱19.3 billion in the first nine months of 2019 from the ₱18.7 billion earned in the same period last year.

  • Jollibee earnings fall to ₱1.87 billion
    by MB Business on November 14, 2019 at 2:00 pm

    Jollibee Foods Corporation (JFC), one of Asia's largest food service companies, reported a 7.9 percent dip in attributable net income to ₱1.87 billion in the third quarter of 2019 due to losses from Smashburger in the United States and Red Ribbon in the Philippines

  • SMFB to issue ₱15-billion bonds
    by MB Business on November 14, 2019 at 2:00 pm

    San Miguel Food and Beverage Inc. (SMFB) is planning to raise up to ₱15 billion from a public offering of fixed rate bonds due on 2025 and 2027 for the redemption of its outstanding Series 2 Perpetual Preferred Shares.

  • ADB okays $300-M loan to help LGU improve services
    by MB Business on November 14, 2019 at 2:00 pm

    The Asian Development Bank (ADB) has approved a policy-based loan to help local government units (LGUs) in delivering high-quality and accountable services, boost economic development, as well as reduce poverty.

  • GT Capital earns ₱15.3 B, up 40%
    by MB Business on November 14, 2019 at 2:00 pm

    GT Capital Holdings, Inc. disclosed a 40 percent jump in consolidated net income to ₱15.3 billion for the first nine months of 2019 from ₱10.9 billion in the same period last year.

  • Fruitas prices IPO at ₱1.68 per share
    by MB Business on November 14, 2019 at 2:00 pm

    Fruitas Holdings, Inc. (FHI), the leading food and beverage kiosk operator in the Philippines, has priced its initial public offering (IPO) at ₱1.68 per common share.

  • First Gen 9-month income up 21% to US$217-M
    by MB Business on November 14, 2019 at 2:00 pm

    With stronger sales from its diminutive 97-megawatt Avion power facility and better financial turnout for subsidiary Energy Development Corporation (EDC), Lopez-owned First Gen Corporation logged 21-percent income jump to US$217 million (or equivalent P11.3 billion) in the first nine months of the year from US$180 million (P9.4 billion) in the same period in 2018.

  • Auto industry posts highest monthly sales in October
    by MB Business on November 14, 2019 at 2:00 pm

    Total motor vehicle sales in October reached 34,397 units an 8.1 percent growth from the 31,820 units sold in the month of September and reflecting the highest monthly sales for the industry so far this year.

  • Climate of change
    by MB Business on November 14, 2019 at 2:00 pm

    From banks to multinational companies, to conglomerates, to small and medium-sized entrepreneurs, to retail to sari-sari stores and street-ambulant vendors, the use of plastics is a crucial component in doing business. Be it in our automated teller machine (ATMs), credit/debit cards, electronic devices, cellular phones, to the packaging of goods. All we just have to do is look around and an array of plastic products will surely greet us.

  • Bloomberry income rises to ₱8.57 billion
    by MB Business on November 14, 2019 at 2:00 pm

    Bloomberry Resorts Corporation, owner of Solaire Resort & Casino (Solaire) and Jeju Sun Hotel & Casino (Jeju Sun), reported a 33 percent hike in consolidated net profit in the first nine months of 2019 to ₱8.57 billion.

  • Jollibee gets majority stake in Tim Ho Wan franchise for China
    by MB Business on November 14, 2019 at 2:00 pm

    Jollibee Foods Corporation (JFC), through wholly owned subsidiary Golden Plate Pte. Ltd. (GPPL), is acquiring a majority stake in a joint venture that will be the authorized master franchisor of Tim Ho Wan in China.

  • G2E Asia Expo debuts in the Philippines
    by Noreen Jazul on November 14, 2019 at 9:55 am

    As its local gaming industry continues to expand and cater to more diverse markets, the Philippines became the newest addition to the Global Gaming Expo (G2E) Asia series of events.

  • BSP keeps key rate steady at 4%
    by MB Business on November 14, 2019 at 9:46 am

    As expected, the Monetary Board of the Bangko Sentral ng Pilipinas (BSP), during its monthly policy meeting yesterday, kept the benchmark rates unchanged at four percent but lowered the inflation forecast for 2019 to 2.4 percent from the previous 2.5 percent.

  • Trump says will make decision on auto tariffs ‘very soon’
    by Noreen Jazul on November 14, 2019 at 2:53 am

    President Donald Trump said Wednesday he will announce his decision on tariffs on imported autos "very soon."