Pinoy Business News

Pinoy Business News

  • 'Diversifying' sectors drive office space demand in Metro Manila: Colliers
    by ABS-CBN News on September 19, 2019 at 2:14 am

    Business process outsourcing, offshore gaming and the growing non-traditional companies this year will sustain the demand for office space in Metro Manila, a property consultant said Thursday.

  • Meet the women breaking the mold in tech
    by ABS-CBN News on September 19, 2019 at 2:06 am

    In this interview with #ANCEarlyEdition, meet women who are not just breaking the glass ceiling but also leading the way forward in tech.

  • Qatar Airways reports $639-million loss as boycott bites
    by Noreen Jazul on September 19, 2019 at 1:38 am

    Qatar Airways hit turbulence on Wednesday posting a net loss for the year to March 2019 of $639 million which the airline blamed on key markets closing their airspace to Doha.

  • Zuckerberg sets talks in Washington on 'future regulation'
    by Agence France-Presse on September 19, 2019 at 1:18 am

    Facebook chief executive Mark Zuckerberg was expected in Washington Thursday for private talks with policymakers as the leading social network faces a myriad of regulatory and legal issues.

  • Why is the NY Fed pumping billions into the money market?
    by Juliette Michel, Agence France-Presse on September 19, 2019 at 1:12 am

    To bring rates down, the New York Fed pumped fresh liquidity into the system through repo operations -- $53 billion on Tuesday, $75 billion on Wednesday, with another $75 billion planned for Thursday morning.

  • Huawei promises smartest 5G phone, but who will be brave enough to buy?
    by Douglas Busvine, Reuters on September 18, 2019 at 11:25 pm

    FRANKFURT - Huawei launches what could be the world's most powerful and feature-packed 5G smartphone on Thursday, but the fate of the device in Europe will hang on whether it can overcome a U.S. ban to give customers the Google software they expect.

  • Huawei's Mate 30 smartphones set for global unveiling
    by Joel Guinto, ABS-CBN News on September 18, 2019 at 10:05 pm

    Shenzhen-based Huawei has teased 5G, improved low-light camera performance, slow-motion capture and faster performance over-all on the Mate 30, but has not said which operating system will run on the phone.

  • Oil companies told: Don’t exploit Saudi attacks to hike prices
    by clopez on September 18, 2019 at 9:36 pm

    MANILA, Philippines — Albay Rep. Joey Salceda called on oil companies not to exploit last weekend’s attacks on Saudi Arabian oil fields to unduly raise pump prices, as he noted that some of them were already trying to price up old inventories as if these were new supplies. Speaking to reporters at Malacañang on Wednesday, […] The post Oil companies told: Don’t exploit Saudi attacks to hike prices appeared first on Inquirer Business.

  • Major PH meat firm feels pinch of swine fever scare
    by clopez on September 18, 2019 at 9:32 pm

    CITY OF SAN FERNANDO, Pampanga, Philippines —Mekeni Food Corp., known for processed meat products like tocino and longganisa, said the scare created by African swine fever was starting to hurt its business operations. Mekeni president Prudencio Garcia said costs in making processed meat products for the domestic and overseas markets had increased. Garcia said the […] The post Major PH meat firm feels pinch of swine fever scare appeared first on Inquirer Business.

  • Bulacan airport to break ground in December
    by clopez on September 18, 2019 at 9:14 pm

    Clark, Pampanga—The Department of Transportation gave food, drinks and infrastructure conglomerate San Miguel Corp. (SMC) clearance to build a P745-billion international airport complex in Bulacan province and combat traffic on Manila’s skies. Transportation Secretary Arthur Tugade said he signed the notice to proceed on Wednesday. This will allow SMC to start work on the New […] The post Bulacan airport to break ground in December appeared first on Inquirer Business.

  • Perfectionism is not excellence
    by clopez on September 18, 2019 at 9:10 pm

    I am a perfectionist,” says Tanya, a 35-year-old second-generation chief financial officer of their retail family business down south. “I grew up in a tradition with a bias towards males, so I worked to prove myself to everyone. I got a scholarship in a top university in Manila, and graduated with honors. “My father has […] The post Perfectionism is not excellence appeared first on Inquirer Business.

  • 3 crucial airport projects good to go
    by clopez on September 18, 2019 at 9:08 pm

    Economic managers will discuss and likely approve at least three airport projects—including the proposed rehabilitation of Ninoy Aquino International Airport (Naia)—when the persuasive National Economic and Development Authority’s Investment Coordination Committee-Cabinet Committee (Neda ICC-CabCom) meets at the end of the month. Socioeconomic Planning Secretary Ernesto Pernia said on Wednesday the Neda ICC-CabCom would be including […] The post 3 crucial airport […]

  • Dominguez: United States all talk in ‘Build, Build, Build’
    by clopez on September 18, 2019 at 9:06 pm

    The head of the Duterte administration’s economic team is wondering why the United States can barely be felt in the government’s “Build, Build, Build” program even if the country has done enough to solicit the economic giant’s attention. “I was just reflecting on what we’ve done in the first half of the President’s term, and […] The post Dominguez: United States all talk in ‘Build, Build, Build’ appeared first on Inquirer […]

  • Japanese lens maker jacking up capacity of PH plant
    by clopez on September 18, 2019 at 9:04 pm

    Tanauan City, Batangas —Japanese lens maker Hoya has invested P822 million in new equipment to make millions more of corrective eyeglass lenses in the Philippines, most of which will be exported. This was infused during its current fiscal year ending in March 2020, according to Ellen Vergara, finance general manager of Hoya’s local manufacturing unit, […] The post Japanese lens maker jacking up capacity of PH plant appeared first on Inquirer Business.

  • Stocks still down on external worries
    by clopez on September 18, 2019 at 9:02 pm

    The local stock barometer dipped for the second straight session on Wednesday while regional markets were mixed ahead of the US Federal Reserve meeting. The main-share Philippine Stock Exchange index (PSEi) shed 16.94 points or 0.21 percent to close at 7,915.29. Papa Securities said the story of the PSEi might remain the same for the […] The post Stocks still down on external worries appeared first on Inquirer Business.

  • Adhere to ‘ease of doing business’ law, SBMA told
    by clopez on September 18, 2019 at 9:00 pm

    SUBIC BAY FREEPORT — Locators catering to tourists here on Tuesday said the implementation of the Ease of Doing Business and Efficient Government Service Delivery Act of 2018 (Republic Act No. 11032) would help them transform the free port into a magnet for the travel and leisure crowd in the country. The Subic Coastal Development […] The post Adhere to ‘ease of doing business’ law, SBMA told appeared first on Inquirer Business.

  • Water firms to appeal SC ruling
    by clopez on September 18, 2019 at 9:00 pm

    The two concessionaires of Metropolitan Waterworks and Sewerage System (MWSS) intend to ask the Supreme Court to reconsider a decision announced in August, which imposed fines of about P1 billion each company for violation of the Clean Water Act. Both Maynilad Water Services Inc.—through owners Metro Pacific Investment Corp. (MPIC) and DMCI Holdings Inc.—and Manila […] The post Water firms to appeal SC ruling appeared first on Inquirer Business.

  • US Fed cuts key interest rate a quarter point, citing 'uncertainties'
    by Agence France-Presse on September 18, 2019 at 7:56 pm

    The US Federal Reserve cut its benchmark interest rate for the second time this year on Wednesday but its policy committee is divided, with three of 10 voting members dissenting. &nbs

  • DoTr, SMC ink deal for ‘game-changer’ airport
    by LISBET K. ESMAEL on September 18, 2019 at 4:25 pm

    CLARK, Pampanga: Listed San Miguel Corp. (SMC) can now begin building its $15-billion New Manila International Airport (NMIA) in Bulacan province after signing a concession agreement on it with the…READ

  • ‘Higher alcohol tax to reduce demand, revenues’
    by EIREENE JAIREE GOMEZ on September 18, 2019 at 4:20 pm

    ALTHOUGH it welcomes the new tax structure for distilled spirits proposed under House Bill (HB) 1026, the Distilled Spirits Association of the Philippines (DSAP) warned the government that too many…READ

  • PH bond market grew 17% in Q2 – ADB
    by ANNA LEAH E. GONZALES on September 18, 2019 at 4:18 pm

    The Philippine bond market was the second fastest-growing among Emerging East Asia’s local currency bond markets, the Asian Development Bank (ADB) said. In its latest Asia Bond Monitor released on…READ

  • Stocks dwindle in ‘dull’ trading
    by TYRONE JASPER C. PIAD on September 18, 2019 at 4:17 pm

    The local bourse shied away from the 8,000 mark again, but was able to stay afloat the 7,900 level as investors await the results of the Federal Reserve (Fed) meeting….READ

  • Time management takes too much time
    by BEN KRITZ, TMT on September 18, 2019 at 4:16 pm

    MOST people accept the concept of “time management” as a fundamentally good thing – particularly if one is an employer – but a recent lengthy article in The Guardian makes…READ

  • The major and other amendments proposed by Citira
    by The Manila Times on September 18, 2019 at 4:15 pm

    The House of Representatives of this 18th Congress approved on third and final reading House Bill 4157 or the Citira (Corporate Income Tax and Incentive Rationalization Act), Package 2 of…READ

  • P9.997-B budget for NEDA sought
    by ANNA LEAH E. GONZALES on September 18, 2019 at 4:14 pm

    The National Economic and Development Authority (NEDA) said on Wednesday it was seeking a 6-percent increase in its budget for next year. NEDA said the budget proposal for 2020 amounted…READ

  • The business of one stop shops
    by IRA PAULO POZON on September 18, 2019 at 4:13 pm

    By 2035, the Japan International Cooperation Agency (JICA) estimates that the economic cost of traffic in the Philippines would rise to P5.4 billion — each day. Clearly, travelling around the…READ

  • Maynilad allots P200B for treatment plants
    by JORDEENE B. LAGARE on September 18, 2019 at 4:12 pm

    MAYNILAD Water Services Inc. is allocating nearly P200 billion in implementing wastewater projects within its concession in the next several years. In a statement on Wednesday, the Lopez-led water firm…READ

  • SMC sees govt’s OK for Pandacan terminal
    by TYRONE JASPER C. PIAD on September 18, 2019 at 4:10 pm

    SAN Miguel Corp. (SMC) may soon secure the government’s approval for its unsolicited proposal to convert the Pandacan oil depot in Manila into a bus and food terminal, its chief…READ

  • AGI buying back P2.5 billion shares
    by Iris Gonzales on September 18, 2019 at 4:00 pm

    Alliance Global Group Inc. (AGI), the listed holding company of tycoon Andrew Tan, is implementing another round of share repurchase program amounting to up to P2. 5 billion.

  • Government targets 150 Minahang Bayan areas by 2022
    by Catherine Talavera on September 18, 2019 at 4:00 pm

    The government plans to declare around 150 Minahang Bayan areas in the next three years in line with efforts to make small-scale mining mainstream, an official of the Mines and Geosciences Board (MGB) said.

  • Solving the traffic mess
    by Iris Gonzales on September 18, 2019 at 4:00 pm

    The seconds will turn into minutes. Ten. Twenty. Thirty. And the minutes will turn into hours.

  • Digital-savvy business leaders as coaches
    by Rey Gamboa on September 18, 2019 at 4:00 pm

    Chot Reyes, who has carved a name in Philippine sports as coach of many basketball teams that have won championships in the Philippine Basketball Association and for leading the country back to the World Cup as Gilas Pilipinas coach, wears a number of other hats.

  • The digital revolution is here
    by Joey Concepcion on September 18, 2019 at 4:00 pm

    From mobile ride-hailing apps and virtual shopping centers to courier services that literally deliver items to our doorsteps – the impact of digital platforms in our day-to-day lives can no longer be denied.

  • Philippines urged to reconsider blanket ban on pork imports
    by Louise Maureen Simeon on September 18, 2019 at 4:00 pm

    The Philippines should think twice about imposing a blanket ban on all pork imports after being hit by African swine fever.

  • SMC given the go signal to start works on airport
    by Richmond Mercurio on September 18, 2019 at 4:00 pm

    The government finally gave the go signal for conglomerate San Miguel Corp. (SMC) to commence with the construction of the $15-billion New Manila International Airport in Bulacan.

  • Cebu Landmasters expands in Bacolod
    by Iris Gonzales on September 18, 2019 at 4:00 pm

    Cebu Landmasters Inc. (CLI) is further expanding in Bacolod with two new projects.

  • Philippines to benefit from Indonesia’s nickel ore ban
    by Catherine Talavera on September 18, 2019 at 4:00 pm

    While the Philippines could see a spike in nickel prices when it is able capitalize on Indonesia’s nickel ore ban, the government is unsure if the local sector will be able to meet the demand for high grade ore.

  • Alfonso Cusi not keen on extending SC 38 for Malampaya project
    by Danessa Rivera on September 18, 2019 at 4:00 pm

    Energy Secretary Alfonso Cusi is not keen on unilaterally extending service contract (SC) 38 covering the Malampaya gas project.

  • Supermarket owners sa Cebu, inutusang ibalik ang mga pork products sa suppliers sa Luzon
    by Jude Torres, ABS-CBN News on September 18, 2019 at 3:52 pm

    Binigyan ng 10 days ng pamahalaan ng probinsya ng Cebu ang mga supermarket owners sa probinsya na i-pull out at ibalik sa suppliers ang lahat ng mga pork products na galing sa Luzon.

  • Gov't urged to suspend excise taxes on fuel following Saudi oil facility attacks
    by ABS-CBN News on September 18, 2019 at 3:30 pm

    Various groups are calling on the government to suspend excise taxes on fuel as oil prices soar after the Saudi attacks.

  • Manila gets support from PH's biggest conglomerates
    by ABS-CBN News on September 18, 2019 at 3:27 pm

    Aside from the airport project, San Miguel Corporation joins other big businesses to help revitalize the country's capital city, Manila.&nbs

  • Will Saudi oil attacks affect PH inflation?
    by ABS-CBN News on September 18, 2019 at 3:24 pm

    Philippine economic managers expect local inflation to take a hit from the disruption of Saudi oil production.

  • PH shares fall ahead of Fed interest rate decision
    by ABS-CBN News on September 18, 2019 at 3:21 pm

    Investors in the Philippines are also awaiting the Federal Reserve policy announcement.

  • Oil extends declines after Saudi pledge to restore lost output
    by Ron Bousso, Reuters on September 18, 2019 at 2:13 pm

    Oil prices retreated on Wednesday, extending the previous day's decline after Saudi Arabia said it would quickly restore full production following last weekend's attacks on its facilities.

  • DOTr, SMC seal P734-B Bulacan airport project
    by MB Business on September 18, 2019 at 2:00 pm

    San Miguel Aerocity, Inc. can now start building its P734 billion Bulacan International Airport.

  • French firm inks contract with Pilipinas Shell
    by MB Business on September 18, 2019 at 2:00 pm

    The local subsidiary of French multinational company Air Liquide has inked a new long-term contract with Pilipinas Shell Petroleum Corporation for the supply of hydrogen to the latter’s Tabangao refinery in Batangas.

  • DTI, LKI buck safeguard duty on imported rice
    by MB Business on September 18, 2019 at 2:00 pm

    Trade and Industry (DTI) Secretary Ramon M. Lopez yesterday bucked plans to impose safeguard duty on imported rice saying this would only lead to higher cost of importation and higher prices at retail while a consumer group said the most appropriate measure is to charge traders with “illegal profiteering” under the Price Act.

  • Lens manufacturer invests $96.3 M in PH
    by MB Business on September 18, 2019 at 2:00 pm

    EHS Lens Philippines Inc. (EHS Lens) is investing $96.3 million for its 3.4-hectare lens manufacturing plant in Tanauan City, Batangas.

  • Maynilad earmarks P200 B for wastewater projects
    by MB Business on September 18, 2019 at 2:00 pm

    Maynilad Water Services, Inc. (Maynilad), the concessionaire for Metro Manila’s West Zone, is investing almost P200 billion for wastewater projects from 2019 until the end of its concession period in 2037.

  • DOF assures foreign investors of serious policy reforms
    by MB Business on September 18, 2019 at 2:00 pm

    The Department of Finance (DOF) assured foreign investors that the Philippine government continues to implement serious policy reforms while delivering on its commitment to roll out a massive infrastructure program “on time and on budget.&rdquo

  • ICTSI honored with PH Quills
    by MB Business on September 18, 2019 at 2:00 pm

    Global port operator International Container Terminal Services, Inc. (ICTSI) has won excellence awards at the recently-concluded 17th Philippine Quill Awards for its exemplary sustainability reporting and corporate social responsibility initiatives.

  • Beyond the numbers
    by MB Business on September 18, 2019 at 2:00 pm

    Drones attacked Saudi Arabia’s oil fields and the world’s biggest petroleum-processing facility over the weekend, affecting more than half of the Arab kingdom’s oil production. Claiming responsibility for the attacks was the Houti rebel group of Yemen, which is supported by Saudi archrival Iran. The tense geopolitical situation in the Middle East gave rise to speculations that global fuel prices would spike in the days following the drone attacks.

  • Malaya plant bidding failed
    by MB Business on September 18, 2019 at 2:00 pm

    With only one party submitting a bid, state-run Power Sector Assets and Liabilities Management Corporation (PSALM) yesterday declared a failed bidding of the 650-megawatt Malaya thermal power plant in Rizal province.

  • Building of P36-B Mindanao railway begins next year
    by MB Business on September 18, 2019 at 2:00 pm

    Construction of the first phase of the P36 Billion Mindanao railway System, which will link 3 major cities in Davao region - Digos, Davao and Tagum, starts in the 1st quarter of 2020, transport officials yesterday confirmed.

  • TDF results mixed this week
    by MB Business on September 18, 2019 at 2:00 pm

    The central bank offered more auction volume for its term deposit facility (TDF) this week of P80 billion from P50 billion last week. The offer was oversubscribed for all three tenors with total bids at P96.43 billion.

  • Higher alcohol tax to lessen gov’t revenues — DSAP
    by MB Business on September 18, 2019 at 2:00 pm

    The Distilled Spirits Association of the Philippines (DSAP) said that it fully supports the proposed new tax structure for distilled spirits but cautioned that too much increases would lead to decreased revenues and lower yield for the government.

  • ARTA files charges vs LTFRB, Registry of Deeds
    by MB Business on September 18, 2019 at 2:00 pm

    The Anti-Red Tape Authority (ARTA) yesterday filed its first formal charges against employees of the Land Transportation Franchising Regulatory Board (LTFRB) and the Registry of Deeds (ROD) in what could be a test case of the mandate granted under the Ease of Doing Business (EODB) Law, which seeks to remove bureaucratic redtape in government.

  • Ayala sees ‘next Malampaya’ in Palawan oil block
    by MB Business on September 18, 2019 at 2:00 pm

    Through its newly institutionalized oil and gas subsidiary Enexor, the Ayala group is targeting the next gas discovery in the country that will match the scale of production of the Malampaya field.

  • AGI to buy back P2.5 B more shares
    by MB Business on September 18, 2019 at 2:00 pm

    Alliance Global Group, Inc. (AGI), the investment holding company of tycoon Dr. Andrew L. Tan, is undertaking another round of share repurchase program worth up to P2.5 billion.

  • Total ban on pork imports to hurt US producers
    by MB Business on September 18, 2019 at 2:00 pm

    A total ban on pork imports in the Philippines amid its first cases of African Swine Fever (ASF) may lead to a shortfall in this commodity and that any action leaning towards this move won’t make sense unless it’s science-based, officials from the National Pork Producers Council (NPPC) said.

  • Airbus: No major impact from possible US tariffs
    by MB Business on September 18, 2019 at 2:00 pm

    Possible US tariffs against Airbus aircraft and European parts are unlikely to have a major impact on the European planemaker's 2019 results, but disruption cannot be ruled out, its chief executive said.

  • Gov’t ready to counter oil price spikes – Diokno
    by MB Business on September 18, 2019 at 2:00 pm

    Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said the government and the BSP are prepared to counter any sudden upticks or spikes in domestic oil prices if things get out of hand, inflation-wise.

  • Brace for hefty oil price hike
    by Richa Noriega on September 18, 2019 at 12:42 pm

    Filipino consumers may face hefty increases in oil prices next week in the wake of the two-day surge in global oil prices following the drone assault on the facilities of major global oil producer Saudi Aramco.

  • San Miguel proposes 'elevated EDSA' with bus rapid transit to solve traffic
    by ABS-CBN News on September 18, 2019 at 12:26 pm

    SMC president and chief operating officer Ramon Ang said the elevated road would be built on top on EDSA and would stretch from Macapagal Avenue in Pasay City to either Samson Road or Balintawak in Quezon City.&nbs

  • PSEi extends losses ahead of Fed decision
    by ABS-CBN News on September 18, 2019 at 10:43 am

    Philippine shares fall for a second straight day, as investors shift their focus to the outcome of the upcoming U.S. Federal Reserve meeting. The main index still closed above 7,900. An analyst expects the Fed and the Philippine Central Bank to cut rates despite a recent rally in oil prices.&nbs

  • Samsung heir discusses investment with Saudi prince in Jeddah
    by racosta on September 18, 2019 at 10:25 am

    SEOUL — Lee Jae-yong, vice chairman and heir apparent of Samsung Electronics, met with Mohammad bin Salman bin Abdulaziz, the crown prince of Saudi Arabia, to discuss investment opportunities, according to the company on Wednesday. During the meeting in Jeddah on Tuesday, Lee and the Saudi prince touched on various topics including technology, industry, construction, […] The post Samsung heir discusses investment with Saudi prince in Jeddah appeared first on Inquirer Business.

  • Japan exports sink on weaker trade with China, US
    by Rizal Obanil on September 18, 2019 at 7:04 am

    TOKYO — Japan's exports fell 8% in August from a year earlier, as trade tensions took a growing toll on demand across the region.

  • Ayala sets $2-billion RE investments
    by MB Business on September 17, 2019 at 2:00 pm

    The energy investment arm of Ayala group will roll out $2.0 billion worth of capital outlay for targeted 2,000 megawatts of renewable energy (RE) capacities to be installed in various parts of the country in a span of 5-6 years.

  • US urges PH to be more transparent on ASF
    by MB Business on September 17, 2019 at 2:00 pm

    The Philippine government needs to be more transparent in handling the African swine fever (ASF) outbreak in some areas of the country in order to keep the global market alert on the potential shortfall in pork supply that the Southeast Asian nation may soon experience and its sure impact on international prices.

  • BSP issues rules for OPS registration
    by MB Business on September 17, 2019 at 2:00 pm

    The Bangko Sentral ng Pilipinas (BSP) has issued the rules and regulations to guide the registration process of operators of payment systems (OPS) that is consistent with the National Payment Systems Act.

  • Pagcor supports closure of erring POGOs
    by MB Business on September 17, 2019 at 2:00 pm

    The Philippine Amusement and Gaming Corp. (Pagcor) said that it fully supports the Department of Finance (DOF) and the Bureau of Internal Revenue’s (BIR) call to shut down tax-dodging offshore gaming companies operating in the country.

  • CEZA suspends operations of fintech firms
    by MB Business on September 17, 2019 at 2:00 pm

    The Cagayan Economic Zone Authority (CEZA) has temporarily suspended effective immediately operations of all the approved principal and regular licensees of financial technology (fintech) firms in Metro Manila pending a thorough investigation on the reported “investment scam” allegedly perpetuated by one of its principal licensees.

  • Filipino firms win regional business award in Bangkok
    by MB Business on September 17, 2019 at 2:00 pm

    Several Filipino companies are set to receive recognition as winners in the 2019 Asia Corporate Excellence and Sustainability (ACES) Awards. In awards ceremonies to be held this Friday, September 20, in Bangkok Thailand, companies and leaders from throughout the Asia region will be named as recipients of several awards across two domains: Leadership and sustainability. Among them will be Filipino companies from different industries who have distinguished themselves in these two domains.

  • Meralco sees new round of tight supply
    by MB Business on September 17, 2019 at 2:00 pm

    Luzon grid could be plunged into new round of supply tightening starting the first week of October given the delay on the commercial operations of the 500-megawatt San Buenaventura coal-fired power project in Quezon province.

  • Come to the Education Summit
    by MB Business on September 17, 2019 at 2:00 pm

    I am one of those who took up teaching at the Philippine Normal College because my mother, a school principal, considered that it was our only alternative. Our family had no resources to let me go to a medical school. Being directed to be a teacher gave me a chip on my shoulder. I placed teaching at a lower rank relative to other professions.

  • The master salespreneur
    by MB Business on September 17, 2019 at 2:00 pm

    Yes, sales can be financially lucrative and just as prestigious. This is what Gabriel “Billy” Dominguez has found out as he left behind a high-profile job and pursued a not so favored profession in sales.

  • Budget utilization rate at 92% in Aug. – DBM
    by MB Business on September 17, 2019 at 2:00 pm

    The Department of Budget and Management (DBM) said yesterday that the national government’s released notice of cash allocation (NCA) was nearing complete utilization in the first eight months of the year.

  • ALI to launch P14-B residential tower
    by MB Business on September 17, 2019 at 2:00 pm

    Luxury developer Ayala Land Premier (ALP), a unit of property giant Ayala Land, Inc., is set to launch the second tower of its P26.7-billion twin tower project in Parklinks estate at the border of Quezon and Pasig cities.

  • External debt service up 3.42% in H1
    by MB Business on September 17, 2019 at 2:00 pm

    The country’s external debt service burden increased by 3.42 percent as of end-June to $4.63 billion versus $4.48 billion same time in 2018, based on data from the Bangko Sentral ng Pilipinas (BSP).

  • PAL garners new 4 Star Major Airline rating
    by MB Business on September 17, 2019 at 2:00 pm

    Flag carrier Philippine Airlines (PAL) has received the Four Star Major Airline 2020 rating from the Airline Passenger Experience Association (APEX), a US-based air travel organization.

  • Adequate oil supply in PH assured
    by Richa Noriega on September 17, 2019 at 11:02 am

    The country’s oil companies assured the public on Tuesday that there will be no disruption of supply despite the drone strike on the facilities of world’s biggest oil producer Saudi Aramco.

  • Oil holds huge gains after Saudi blasts; Fed decision in view
    by Noreen Jazul on September 17, 2019 at 9:38 am

    Oil prices dipped Tuesday but held most of the previous day's record gains following an attack on Saudi facilities that wiped out half the country's output, with traders nervously awaiting the US response after it said Iran was likely to blame.

  • Chinese envoy going to US to prepare for trade talks
    by Noreen Jazul on September 17, 2019 at 8:48 am

    A Chinese envoy will head to Washington on Wednesday to prepare for trade negotiations.

  • Facing US ban, Huawei emerging as stronger tech competitor
    by Noreen Jazul on September 17, 2019 at 8:36 am

    Long before President Donald Trump threatened to cut off Huawei's access to U.S. technology, the Chinese telecom equipment maker was pouring money into research that reduces its need for American suppliers.

  • Takehiko Nakao to step down as ADB president in 2020
    by Noreen Jazul on September 17, 2019 at 8:00 am

    Takehiko Nakao announced he will resign as Asian Development Bank (ADB) president on January 16, 2020.

  • Asian shares mixed, Hong Kong skids after Moody’s downgrade
    by Rizal Obanil on September 17, 2019 at 7:19 am

    BANGKOK — Shares were mixed in Asia on Tuesday, led by declines in Chinese benchmarks after the credit ratings agency Moody's downgraded Hong Kong, citing the city's recent political turmoil.

  • Apple embarks on EU court battle over 13-B euro tax bill
    by Rizal Obanil on September 17, 2019 at 7:03 am

    Apple embarks on an epic court battle with the EU on Tuesday, fighting the commission's landmark order that the iPhone-maker reimburse Ireland 13 billion euros ($14 billion) in back taxes.

  • Experts to criticize US aviation authority over 737 MAX: source
    by Noreen Jazul on September 17, 2019 at 1:58 am

    A panel of global civil aviation authorities is expected to criticize the US Federal Aviation Administration's approval of Boeing's 737 MAX, which has been grounded for six months following two crashes, a source familiar with the matter said Monday.

  • Female PH pilots could help Asia’s travel boom
    by MB Business on September 16, 2019 at 2:00 pm

    The Philippines’ largest flight school is trying to bring more women into the cockpit to help meet a shortage of pilots in Asia.

  • IC sets limits’ rules on SBL transactions
    by MB Business on September 16, 2019 at 2:00 pm

    The Insurance Commission (IC) issued a new circular setting the rules and limitations on securities borrowing and lending (SBL) transactions being undertaken by insurance companies and professional reinsurers.

  • PCC fines Chinese, Dutch firms
    by MB Business on September 16, 2019 at 2:00 pm

    The Philippine Competition Commission (PCC) has imposed a fine on Chinese smartphone manufacturer Wingtech Technology, Co. Ltd. and Dutch semiconductor firm Nexperia Holding B.V.

  • Axelum slashes indicative IPO price
    by MB Business on September 16, 2019 at 2:00 pm

    Coconut product manufacturer and exporter Axelum Resources Corporation has reduced the maximum offer price for its initial public offering (IPO) to P5.72 per share from the initial P6.81 as it continues to gauge investor interest.

  • Meralco readies ‘rebid’ terms for new supply
    by MB Business on September 16, 2019 at 2:00 pm

    Power utility giant Manila Electric Company (Meralco) is scheduled to submit “rebid terms” in the fresh round of competitive selection process (CSP) for its solicitation of 1,200-megawatt (MW) capacity for its long-term supply portfolio.

  • OFW remittances reach $17.22 B as of July
    by MB Business on September 16, 2019 at 2:00 pm

    Bank-channeled cash remittances sent home by overseas Filipinos reached $17.219 billion in the first seven months of 2019, up 3.9 percent year-on-year or from $16.580 billion.

  • FinTech firms set code of ethics
    by MB Business on September 16, 2019 at 2:00 pm

    The Securities and Exchange Commission (SEC) hailed the institutionalization of an industry-wide Code of Ethics and Code of Conduct by the FinTech Alliance Philippines.

  • POGO overtakes IT-BPM office space takeup
    by MB Business on September 16, 2019 at 2:00 pm

    The Philippine Offshore Gaming (POGO) industry surged ahead of the IT-BPM sector for the first time as the country’s top demand driver for office space, according to David Leechiu, CEO of Leechiu Property Consultants, a leading real estate services firm.