Pinoy Business News

Pinoy Business News

  • Lower interest rates seen to benefit PH property sector: analyst
    by ABS-CBN News on May 21, 2019 at 5:25 pm

    It's shaping up to be a good year for the local real estate sector, as it is seen to further prosper amid the Bangko Sentral ng Pilipinas' back-to-back rate cuts. […]

  • PH shares back to 7,700 amid temporary reprieve for Huawei
    by ABS-CBN News on May 21, 2019 at 5:21 pm

    The temporary reprieve for Chinese telco giant Huawei seemed to give Asian shares a lift as most markets, including the Philippines, end the day higher.&nbs […]

  • NEDA joint panel OKs changes to 3 projects
    by ANNA LEAH E. GONZALES on May 21, 2019 at 4:28 pm

    A National Economic and Development Authority (NEDA) joint committee led by Finance Secretary Carlos Dominguez 3rd has approved changes to three projects that the government is currently implementing. In a…READ The post NEDA joint panel OKs changes to 3 projects appeared first on The Manila Times Online. […]

  • Huawei founder: America underestimates company
    by AGENCE FRANCE-PRESSE on May 21, 2019 at 4:26 pm

    BEIJING: Huawei founder Ren Zhengfei on Tuesday shrugged off US attempts to block his company’s global ambitions, saying America is underestimating the telecommunications giant’s strength. Ren spoke to the Chinese…READ The post Huawei founder: America underestimates company appeared first on The Manila Times Online. […]

  • PSEi up anew, grows 0.80% on third day
    by ANGELICA BALLESTEROS, TMT on May 21, 2019 at 4:24 pm

    THE stock market continued to rally for a third straight day on Tuesday as investor sentiment was reportedly boosted by the positive momentum from previous trading days after the Bangko…READ The post PSEi up anew, grows 0.80% on third day appeared first on The Manila Times Online. […]

  • Expanded PH-SKorea cooperation eyed
    by ANNA LEAH E. GONZALES on May 21, 2019 at 4:23 pm

    FINANCE Secretary Carlos Dominguez 3rd on Tuesday reaffirmed Manila’s desire to deepen economic ties with South Korea by adopting digital technology to improve its tax administration. In a recent meeting…READ The post Expanded PH-SKorea cooperation eyed appeared first on The Manila Times Online. […]

  • Swine, cattle supply enough for market
    by EIREENE JAIREE GOMEZ on May 21, 2019 at 4:20 pm

    The country’s production of hogs and cattle rose significantly in the first quarter of the year, indicating sufficient supply for the domestic market. Based on the latest data from the…READ The post Swine, cattle supply enough for market appeared first on The Manila Times Online. […]

  • Higher import duty on cement sought
    by TYRONE JASPER C. PIAD on May 21, 2019 at 4:19 pm

    The Tariff Commission (TC) should hike the safeguard duty for imported cement to protect the local industry. The Cement Manufacturers’ Association of the Philippines (Cemap) made the call in response…READ The post Higher import duty on cement sought appeared first on The Manila Times Online. […]

  • Financial disclosures
    by EMETERIO SD. PEREZ on May 21, 2019 at 4:18 pm

    Financial filings may not be enough to inform the public when listed companies report only their consolidated financial disclosures. How about the Philippine Stock Exchange (PSE)? Perhaps, as one of…READ The post Financial disclosures appeared first on The Manila Times Online. […]

  • MIAA remittance up 50% in 2018
    by LISBET K. ESMAEL on May 21, 2019 at 4:16 pm

    The Manila International Airport Authority (MIAA) saw a solid fiscal performance last year as it remitted a record P3.42 billion in dividends to the national government. In a statement on…READ The post MIAA remittance up 50% in 2018 appeared first on The Manila Times Online. […]

  • Shamed customers rap 48 lending apps
    by TYRONE JASPER C. PIAD on May 21, 2019 at 4:14 pm

    The National Privacy Commission (NPC) is currently hearing 235 alleged harassment and shaming complaints against 48 online lending applications. The complaints were filed by borrowers whose privacy rights and reputation…READ The post Shamed customers rap 48 lending apps appeared first on The Manila Times Online. […]

  • PH attains top ranks in startup research
    by TYRONE JASPER C. PIAD on May 21, 2019 at 4:13 pm

    The Philippines bagged top ranks in five categories in the Global Startup Ecosystem Report by policy advisory services provider and researcher Startup Genome, the Department of Trade and Industry (DTI)…READ The post PH attains top ranks in startup research appeared first on The Manila Times Online. […]

  • Mondelez International shows progress on sustainability and mindful snacking goals
    by Carlo Anolin on May 21, 2019 at 4:00 pm

    Mondelez Philippines recently shared its 2018 Global Impact Progress Report, announcing significant progress against its 2020 Impact Goals. The report highlights how the world’s leading snacking company met a major global well-being target, achieving 15 percent of net revenue from portion control snacks, two years ahead of expectations. The report also describes advancements against the company’s 2020 global environmental footprint goals. The significant progress the company […]

  • Megaworld expands in Pampanga
    by Iris Gonzales on May 21, 2019 at 4:00 pm

    Megaworld Corp., the Andrew Tan-led property firm, is expanding its presence in San Fernando, Pampanga. […]

  • Competitive bidding for PSAs starts
    by Danessa Rivera on May 21, 2019 at 4:00 pm

    Power distribution utilities (DUs) should start undertaking competitive bidding for the power supply agreements (PSAs) affected by the Supreme Court decision, the Department of Energy said. […]

  • DOT warns vs non-accredited travel agencies on social media
    by Catherine Talavera on May 21, 2019 at 4:00 pm

    The Department of Tourism (DOT) has warned the public against transacting with non-accredited travel agencies and training centers putting out advertisements on various social media platforms. […]

  • Government targets 50 million Filipinos with microinsurance by 2022
    by Mary Grace Padin on May 21, 2019 at 4:00 pm

    The government is targeting to increase the number of Filipinos covered by microinsurance to 50 million by 2022, a senior official of the Department of Finance (DOF) said. […]

  • DMCI allots P2 B for commuter railway
    by Iris Gonzales on May 21, 2019 at 4:00 pm

    D.M. Consunji Inc. (DMCI) has earmarked P2 billion in the next two years for the construction of the North South Commuter Railway project, its biggest joint venture to date. […]

  • Banks almost halved over 20-year period — BSP
    by Lawrence Agcaoili on May 21, 2019 at 4:00 pm

    The country’s banking industry continued to undergo major consolidation as the number of banks fell by almost half to 571 from 996 over a 20-year period, according to the Bangko Sentral ng Pilipinas. […]

  • Cement makers push higher safeguard duty
    by Louella Desiderio on May 21, 2019 at 4:00 pm

    The Cement Manufacturers Association of the Philippines (CeMAP) is pushing for higher definitive safeguard duty on cement to address the negative impact caused by imports on operations of local players. […]

  • Share prices gain for 3rd straight day on selective buying
    by Iris Gonzales on May 21, 2019 at 4:00 pm

    The stock market rose for the third straight day yesterday as investors accumulated more local stock. […]

  • MIAA remits record high P3.42-billion dividends for 2018
    by Catherine Talavera on May 21, 2019 at 4:00 pm

    The Manila International Airport Authority (MIAA) has remitted an all-time high of P3.42 billion in dividends to the national government for 2018, the agency send in a statement. […]

  • NEDA ICC OKs changes in major projects
    by Czeriza Valencia on May 21, 2019 at 4:00 pm

    The National Economic and Development Authority’s Investment Coordination Committee-Cabinet Committee (ICC-CabCom) has approved extensions in the implementation period, scope, and changes in costing of several projects of national significance. […]

  • DOF wants to expand South Korea economic ties
    by MB Business on May 21, 2019 at 2:00 pm

    Finance Secretary Carlos G. Dominguez III has reaffirmed the Philippine government’s desire to deepen economic ties with South Korea, which recently unveiled plans to pivot towards the Association of Southeast Asian Nations (ASEAN) and expand its assistance to countries in the region. […]

  • CEPAL: ICTSI Honduras voted as CA-4’s best port
    by MB Business on May 21, 2019 at 2:00 pm

    The United Nations Economic Commission for Latin America and the Caribbean (Comisión Económica para América Latina y el Caribe or CEPAL) has voted Puerto Cortés operated by Operadora Portuaria Centroamericana (OPC), the Honduran subsidiary of International Container Terminal Services, Inc. (ICTSI), as the best maritime terminal in the Central America-4 (CA-4) region and 24th best in Latin America. […]

  • NPC looks into China’s Huawei predicament
    by MB Business on May 21, 2019 at 2:00 pm

    The National Privacy Commission (NPC) is now looking into the alleged security and cyber threat issues that China technology firms, particularly Huawei Technologies Co., Ltd., may be bringing into their foreign markets, including the Philippines. […]

  • NLEX Corp. inks P1.6-B deal for SFEX expansion
    by MB Business on May 21, 2019 at 2:00 pm

    The NLEX Corporation and Sta. Clara International Corporation recently signed the agreement for the P1.6-billion Subic Freeport Expressway (SFEX) Capacity Expansion to build new expressway lanes, bridges and a tunnel. […]

  • Privacy commission probes 48 lending firms
    by MB Business on May 21, 2019 at 2:00 pm

    Some 48 lending companies are under investigation by the National Privacy Commission (NPC) after 485 borrowers filed formal charges of harassment for publicly shaming them using their contacts to seek payments of their loans. […]

  • Meet PH’s first micro credit financing on franchise
    by MB Business on May 21, 2019 at 2:00 pm

    Micro lending in this country is often associated with five-six practices by loan sharks, who charge very high interest rates. Instead of helping those in need, they buried these poor borrowers in deeper debts for a long time. But the unbanked Filipinos continue to patronize these micro lenders because it is easy, quick and informal. […]

  • SBITC procures container handlers for port operations
    by MB Business on May 21, 2019 at 2:00 pm

    To improve its port operations this year, Subic Bay International Terminal Corporation (SBITC) recently procured a couple of new container handlers from Kalmar, an industry forerunner in terminal automation and energy-efficient container handling. […]

  • Megaworld to launch P3-B luxury condo
    by MB Business on May 21, 2019 at 2:00 pm

    Urban developer Megaworld Corporation is expanding its luxury residential footprint inside the 34.5-hectare McKinley West with the launch of the P3 billion The Albany Yorkshire Villa. […]

  • DTI: More Pinoys going into entrepreneurship
    by MB Business on May 21, 2019 at 2:00 pm

    The Micro Small Medium Enterprise Development (MSMED) Council has reported of a robust business registration. In a report, DTI Secretary and MSMED Council Chair Ramon Lopez said a total of 30,000 new businesses have registered in the first five months of the year. […]

  • Cement imports rise 64% in Q1; SRP pushed
    by MB Business on May 21, 2019 at 2:00 pm

    The domestic cement industry has claimed that imports rose 64 percent in the first quarter this year and called for higher protection because the current P210 safeguard duty on per metric ton of imported cement failed to stem surging importation. […]

  • MWSS sets bill rebates for MWC customers in June
    by MB Business on May 21, 2019 at 2:00 pm

    Metropolitan Waterworks and Sewerage System (MWSS) will execute next month the bill rebates for the customers of Manila Water Company, Inc. (MWC) as part of the penalties it imposed against the Ayala-led company for failing to meet its service obligation of providing 24/7 water supply to the East Zone concession. […]

  • Malayan Insurance top non-life insurer in terms of gross premiums, assets
    by MB Business on May 21, 2019 at 2:00 pm

    Malayan Insurance Company, Inc. has kept its position as a leader in the non-life insurance industry in the Philippines in terms of Gross Premiums Written (GPW) and Assets for Year 2018, according to unaudited industry figures released by the Insurance Commission (IC) recently. […]

  • US tech firms to take hit from Huawei sanctions
    by MB Business on May 21, 2019 at 2:00 pm

    The tough sanctions imposed on Huawei by President Donald Trump could deal a blow to the many US firms that make up the Chinese tech giant's supply chain. […]

  • Faith
    by MB Business on May 21, 2019 at 2:00 pm

    Dr. Jose Rizal immortalized our town Obando in his novel, Noli Me Tangere. The story was that Maria Clara was conceived with the intercession of Sta. Clara, St. Pascual de Baylon, and the Virgin of Salambao. Since then, devotion to Obando's Patron Saints has become a popular tradition. The sleepy town of Obando comes to life for three days in the month of May. Pilgrims pray devotedly and join the procession not just by walking but by dancing. And what a long dance it is! Under the blistering […]

  • Court ruling needed to enforce P146.8-B Malampaya award
    by MB Business on May 21, 2019 at 2:00 pm

    The Malampaya consortium will need to secure a ruling from a Philippine court for the enforcement of the P146.8 billion ‘partial award’ bequeathed to it by the arbitration tribunal in Singapore. […]

  • SMC's Ang confirms plan to submit proposal for new water source
    by ABS-CBN News on May 21, 2019 at 1:30 pm

    MANILA - San Miguel Corp. president Ramon Ang confirmed Tuesday that they plan to submit an unsolicited proposal to the government to build a new water source. &nbs […]

  • Bawas-presyo sa LPG sa Hunyo inaasahan
    by ABS-CBN News on May 21, 2019 at 12:12 pm

    Namumurong magkaroon ng bawas sa presyo ng liquefied petroleum gas sa Hunyo. […]

  • PH to import corn amid shortfall from El Niño
    by Reuters on May 21, 2019 at 12:07 pm

    The Philippines said on Tuesday it is seeking to import 300,000 tonnes of corn to cover a shortfall in the domestic supply caused by the El Niño-induced dry weather and to prepare for the expected "dramatic" growth of local hog and poultry sectors. […]

  • ING says ‘all-digital’ platform offers higher interest to encourage Filipinos to save
    by Jessica Fenol, ABS-CBN News on May 21, 2019 at 11:59 am

    Starting June 1, ING Bank Philippines will offer 2.5 percent interest for savings on its mobile app, country manager Hans Sicat said. […]

  • Global markets rise after Wall Street fall on Huawei anxiety
    by ggaviola on May 21, 2019 at 10:38 am

    BEIJING - Global stock markets were mostly higher Tuesday after anxiety over U.S. curbs on sales to Chinese tech giant Huawei dragged down Wall Street. The post Global markets rise after Wall Street fall on Huawei anxiety appeared first on Inquirer Business. […]

  • OECD cuts global growth forecast as US-China tensions rise
    by Agence France-Presse on May 21, 2019 at 10:31 am

    The OECD on Tuesday cut its forecast for the world economy, urging governments to resolve their trade disputes as the latest flare-up in the China-US trade war threatens to crimp global growth. […]

  • UK-based firm: PH growth to rebound as gov’t spends 2019 budget
    by Alexander Magno on May 21, 2019 at 10:31 am

    Oxford Economics, a United Kingdom-based financial forecasting firm, expects Philippine economic growth to rebound as the government finally spends its P3.7-trillion budget for 2019 after months of delay. The post UK-based firm: PH growth to rebound as gov’t spends 2019 budget appeared first on Inquirer Business. […]

  • DOF: Gov’t eyes microinsurance coverage for 50M Filipinos by 2022
    by kadraneda on May 21, 2019 at 9:46 am

    The government wants microinsurance coverage among Filipinos to jump to 50 million by 2022, an official of the Department of Finance said. The post DOF: Gov’t eyes microinsurance coverage for 50M Filipinos by 2022 appeared first on Inquirer Business. […]

  • ‘Possible but difficult,’ says Angara on passage of higher ‘sin’ taxes
    by kadraneda on May 21, 2019 at 9:12 am

    Senator Sonny Angara said Tuesday it is "possible but difficult" for the legislative to further hike taxes on “sin” products before 17th Congress ends. The post ‘Possible but difficult,’ says Angara on passage of higher ‘sin’ taxes appeared first on Inquirer Business. […]

  • Small-scale miners selling gold to BSP exempted from tax
    by Arianne Merez, ABS-CBN News on May 21, 2019 at 7:57 am

    The new law, which was signed on March 29, amends the National Internal Revenue Code to exempt from taxation income derived from the sale of gold by registered small-scale miners to the monetary authority. […]

  • 11 Chinese, Korean establishments in Boracay ordered shut
    by Bea Zaragosa, ABS-CBN News on May 21, 2019 at 7:54 am

    Eleven Chinese and Korean business establishments were ordered closed on Tuesday by the Boracay Interagency Task Force for operating without government permits and clearances. […]

  • DBM issues rules to implement delayed 2019 national budget
    by kadraneda on May 21, 2019 at 7:24 am

    After over four months of delay, the government is now spending the P3.7-trillion 2019 national budget as the DBM now issued the implementing guidelines for the release of funds. The post DBM issues rules to implement delayed 2019 national budget appeared first on Inquirer Business. […]

  • Asian stocks off 4-month lows, but Huawei row weighs
    by Hideyuki Sano and Tomo Uetake, Reuters on May 21, 2019 at 7:14 am

    China's blue-chip CSI300 index jumped 1.4 percent, a day after it fell to a three-month intraday low as Washington allowed Huawei Technologies Co Ltd to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets until Aug. 19. The benchmark Shanghai Composite climbed 1.2 percent. […]

  • Samsung shares surge as Huawei struggles
    by dlejano on May 21, 2019 at 6:57 am

    Samsung Electronics surged more than four percent Tuesday on the back of its chief rival Huawei's mounting problems, including a decision by Google to sever ties with the Chinese mobile phone maker. The post Samsung shares surge as Huawei struggles appeared first on Inquirer Business. […]

  • Manila reclamation projects to go through ‘eye of a needle’: Moreno
    by Christian V. Esguerra, ABS-CBN News on May 21, 2019 at 6:45 am

    Incoming Mayor Isko Moreno said Tuesday he would order a strict review of multibillion-peso reclamation projects lined up in the Philippine capital city over concerns they would trigger flooding and destroy the environment. […]

  • Asian stocks mixed after Wall Street fall on Huawei anxiety
    by ggaviola on May 21, 2019 at 5:55 am

    BEIJING - Asian stocks were mixed Tuesday after anxiety over U.S. restrictions on sales to Chinese tech giant Huawei pulled Wall Street lower. The post Asian stocks mixed after Wall Street fall on Huawei anxiety appeared first on Inquirer Business. […]

  • Singapore and Malaysia suspend intercity rail project
    by Reuters on May 21, 2019 at 5:34 am

    The suspension marks a delay in yet another project since a new Malaysian government came into power last year pledging to tighten finances and review major deals. […]

  • Huawei devices to 'function properly' under its network, Globe says
    by ABS-CBN News on May 21, 2019 at 2:53 am

    The US Department of Commerce has given Huawei a temporary license to maintain its current devices until August 2019, the Ayala-led telecommunications provider said.  &nbs […]

  • Why 2019 could be a 'good year' for property sector
    by ABS-CBN News on May 21, 2019 at 2:32 am

    The growing Business Process Outsourcing (BPO) and the Philippines Offshore Gaming Operations (POGOs) drive office space rentals in the metro, Pinnacle Real Estate Consulting Services head of research Jose Romarx Salas told ANC.&nbs […]

  • Huawei founder says US underestimates company, 'can't be isolated'
    by Agence France-Presse on May 21, 2019 at 2:26 am

    Ren Zhengfei spoke to Chinese state media days after President Donald Trump issued orders aimed at thwarting Huawei's business in the United States, capping months of efforts to stop the company's bid to become the world leader in next-generation 5G technology. […]

  • DBM: LGUs’ IRA allotments up to P648.9 billion for 2020
    by cbibe on May 20, 2019 at 11:25 pm

    The IRA shares to be disbursed by the DBM next year will increase to P648.9 billion across 43,618 local government units (LGUs). The post DBM: LGUs’ IRA allotments up to P648.9 billion for 2020 appeared first on Inquirer Business. […]

  • Growing your business through an e-commerce strategy on Facebook
    by glasic on May 20, 2019 at 11:00 pm

    More of consumers’ day-to-day transactions are being facilitated online. People are spending more time on their smartphones, making it a perfect opportunity for businesses to get on-board with apps and customized ads. According to a 2019 report by Hootsuite and We Are Social, Facebook is ranked as the most popular social media site in the […] The post Growing your business through an e-commerce strategy on Facebook appeared first on Inquirer Business. […]

  • Duterte prodded on economic reforms
    by besguerra on May 20, 2019 at 9:11 pm

    A group of prominent economists has urged President Duterte—who recently consolidated power with the sweeping electoral victory of legislative allies—to harness his political capital to pursue structural reforms that could bring onshore more global industrial giants. The post Duterte prodded on economic reforms appeared first on Inquirer Business. […]

  • PSE index recovers some lost ground, back above 7,600
    by besguerra on May 20, 2019 at 9:10 pm

    The local stock barometer firmed up above 7,600 in thin trading on Monday as domestic investors made up for foreigners’ sluggish appetite. The post PSE index recovers some lost ground, back above 7,600 appeared first on Inquirer Business. […]

  • DOE hastens power supply competitive biddings
    by MB Business on May 20, 2019 at 2:00 pm

    To comply with a recent verdict of the Supreme Court (SC), the Department of Energy (DOE) is finding ways how it can fast-track the conduct of competitive selection process (CSP) or bidding on the power supply contracting of distribution utilities (DUs) so brownouts can be prevented. […]

  • IATA expects trade tensions to hit airline profit outlook
    by MB Business on May 20, 2019 at 2:00 pm

    Global airlines body International Air Transport Association (IATA) expects increasing trade tensions and higher costs will mean a cut in 2019 industry profit forecasts. […]

  • New bridge in Batangas City opened, said ‘first of its kind’
    by MB Business on May 20, 2019 at 2:00 pm

    The EBD Bridge of Progress in Gulod Labac, Batangas City, which can endure floodwaters as high as those from Typhoon Ondoy and withstand powerful earthquakes, the country's first “segmented box girder” bridge, is now open to motorists. […]

  • BOP surplus stands at $4.27 B in April
    by MB Business on May 20, 2019 at 2:00 pm

    The country’s balance of payments (BOP) remained in surplus as of end-April at $4.265 billion, an improvement from what was reported same time in 2018 of a $1.497-billion shortfall. […]

  • Work starts on P2-B PNR Clark line
    by MB Business on May 20, 2019 at 2:00 pm

    The Department of Transportation (DOTr) yesterday started work on the second package of the over P2-billion Philippine National Railways (PNR) Clark Phase 1 linking Tutuban, Manila with Malolos, Bulacan. […]

  • LandBank income up 12% in Q1 to P4.75 B
    by MB Business on May 20, 2019 at 2:00 pm

    Government-owned Land Bank of the Philippines (LandBank) reported a 12 percent year-on-year increase in net income in the first quarter to P4.75 billion, its president and CEO, Cecilia C. Borromeo said. […]

  • Alliance Global profit rises 16% to P6.5 B
    by MB Business on May 20, 2019 at 2:00 pm

    Alliance Global Group, Inc. (AGI), the investment holding company of tycoon Dr. Andrew Tan, registered a robust 16 percent growth in net income to P6.5 billion during the first quarter of 2019 from P5.6 billion in the same period last year. […]

  • DOE undertakes roadshow in US on petroleum contracting
    by MB Business on May 20, 2019 at 2:00 pm

    Following the enforcement of 90-day deadline extension on tender submissions, the Department of Energy (DOE) is undertaking this week the United States leg of its roadshow to entice more investors into the 14 pre-determined areas (PDAs) or petroleum blocks that the government has been offering via the Philippine Conventional Energy Contracting Program. […]

  • Marking 100 years, NDC gears up towards high-impact projects
    by MB Business on May 20, 2019 at 2:00 pm

    National Development Co., the government’s investment arm, is looking at high impact projects where it continues to act as an enabler and support provider to local enterprises. […]

  • Rideshare firms have snarled up San Francisco
    by MB Business on May 20, 2019 at 2:00 pm

    The ride-hailing era ushered in by Uber and Lyft once promised to complement public transit, reduce car ownership and alleviate congestion. […]

  • E-cigarette ban under consideration – DOF
    by MB Business on May 20, 2019 at 2:00 pm

    A total ban of electronic cigarettes in the Philippines is one of the options that the Duterte administration may consider amid the proliferation of these unregulated battery-operated devices, the Department of Finance (DOF) said. […]

  • Google and Android system start to cut ties with Huawei
    by MB Business on May 20, 2019 at 2:00 pm

    US Internet giant Google, whose Android mobile operating system powers most of the world's smartphones, said Sunday it was beginning to cut ties with China's Huawei, which Washington considers a national security threat. […]

  • From US to German model
    by MB Business on May 20, 2019 at 2:00 pm

    The recent debate in the US about the elitist nature of the university system should give our own educational leaders food for thought. Among Democratic White House hopefuls, there is an increasing cry for making college free in the US. A recent article in the Financial Times (March 18, 2019) by Edward Luce reports that a growing number of US cities, led by Chicago, are looking at the German vocational model. The German model, epitomized by the local TESDA-certified technical school called […]

  • 20 additional lanes to boost capacity of SCTEX toll plazas
    by MB Business on May 20, 2019 at 2:00 pm

    In its commitment to further improve customer processing time at the Subic-Clark-Tarlac Expressway (SCTEX), the North Luzon Expressway (NLEX) Corporation will construct 20 additional lanes in strategically located SCTEX toll plazas. […]

  • Okada to exhaust legal remedies vs arrest warrant
    by MB Business on May 20, 2019 at 5:17 am

    Casino mogul Kazuo Okada and Tiger Resort Leisure and Entertainment Inc. (TRLEI) Chief Operating Officer Takahiro Usui vowed to exhaust all legal remedies after the Paranaque City Regional Trial Court upheld the issuance of warrants of arrests against them. […]

  • Market to remain volatile
    by MB Business on May 19, 2019 at 2:00 pm

    The local market is seen to continue being volatile as there is no certainty as to what will happen next in the US-China trade war. […]

  • SMC unit claims $6.19-B payment for Ilijan plant
    by MB Business on May 19, 2019 at 2:00 pm

    South Premier Power Corp. (SPPC), the San Miguel Energy Corporation subsidiaryfor the 1,200-megawatt Ilijan gas-fired power plant, claimed that it already paid $6.19 billion (P289.1 billion) as of end-April this year to state-run Power Sector Assets and Liabilities Management Corporation (PSALM) for its financial obligations as independent power producer administrator (IPPA) of the facility. […]

  • Port users decry ‘arbitrary’ shipping lines’ fees
    by MB Business on May 19, 2019 at 2:00 pm

    Truckers, brokers and importers decried what they alleged as “arbitrary” fees imposed by shipping companies, as they urged government to intervene in this logistical nightmare that they said is causing prices of consumer products to skyrocket and affecting the economy. […]

  • Cirtek ramps up military grade tech production
    by MB Business on May 19, 2019 at 2:00 pm

    Cirtek Holdings Philippines Corporation is ramping up production of its military-grade power regulators and microelectromechanical systems (MEMS) products due to increasing demand. […]

  • Free healthcare hinges on higher ‘sin’ taxes – DOF
    by MB Business on May 19, 2019 at 2:00 pm

    Filipinos would not enjoy the complete benefits of the recently enacted law providing lower to free health insurance coverage if Congress will not pass the proposed higher taxes on “sin” products, the Department of Finance (DOF) said. […]

  • RRR cut to ease liquidity pressures – BSP
    by MB Business on May 19, 2019 at 2:00 pm

    The Monetary Board has concluded that there is tight liquidity in the market as a result of the four-month delay in the national budget as it lowers banks’ reserve ratios to release P180 billion-P190 billion into the financial system. […]

  • Semirara weighs down DMCI earnings
    by MB Business on May 19, 2019 at 2:00 pm

    Diversified conglomerate DMCI Holdings, Inc. reported a consolidated net income of P2.9 billion for the first three months of 2019, a 26 percent drop from P3.9 billion in the same period last year weighed down by the weak performance of Semirara Mining and Power Corp. […]

  • Fintech startup targets rural banking sector
    by MB Business on May 19, 2019 at 2:00 pm

    A fintech startup and mobile wallet enabler is set to begin a pilot test program for a new generation of cloud-based financial services set to be launched in the Philippines targetting rural banking sector. […]

  • ANI earnings surge on fruit exports
    by MB Business on May 19, 2019 at 2:00 pm

    Publicly-listed Agrinurture, Inc. (ANI) reported an 86 percent jump in consolidated gross profit for the first quarter of 2019 to P213.6 million from P114.9 million in the same period last year. […]

  • Eminent rice scientist appointed new SEARCA director
    by MB Business on May 18, 2019 at 2:00 pm

    Dr. Glenn B. Gregorio has been appointed as new Director of the Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA), an inter-government treaty organization hosted by the Philippine government on the campus of the University of the Philippines Los Baños (UPLB), for a three-year term. […]

  • One-person corporation
    by MB Business on May 18, 2019 at 2:00 pm

    The Revised Corporation Code (RCC) was approved on February 20, 2019, 39 years after the last corporation code amendments in 1980. The RCC’s main objective is to make doing business much easier and simpler, and to keep up with changing developments. […]

  • LNG project location woes stall timeline
    by MB Business on May 18, 2019 at 2:00 pm

    The planned 2.2-million tons per annum (mtpa) liquefied natural gas (LNG) terminal of Uy-owned Phoenix Petroleum Philippines, Inc. and China National Offshore Oil Corporation (CNOOC) still has hurdle on its project site, hence, the initial pre-construction timelines are being moved. […]

  • Pinoy freelancers worry over job stability – survey
    by MB Business on May 18, 2019 at 2:00 pm

    A large majority of Filipino freelancers saw “job stability” as a key concern for their careers, a recent survey revealed. […]

  • Kansai Paint Philippines appoints new president
    by MB Business on May 18, 2019 at 2:00 pm

    Kansai Paint Philippines, Inc. (KPPI), one of the country's growing paint suppliers, recently announced the appointment of Mr. Akiyoshi Watanabe as KPPI President and General Manager effective April 14, 2019. […]

  • DOT: Growth of the ‘Tourism Decade’ is the triumph of the Filipino people
    by Carlo Anolin on May 18, 2019 at 7:10 am

    Tourism is now one of the major revenue generators, a catalyst for socio-economic growth and a source of national pride. […]

  • Hefty pump prices seen this week
    by Rizal Obanil on May 18, 2019 at 3:39 am

    Following two weeks of price cuts, Filipino consumers would be back into getting their pockets pinched with the estimated hefty price increases in petroleum products this coming week. […]

  • PLDT’s mobile business logs 18% growth in Q1
    by MB Business on May 17, 2019 at 2:00 pm

    Riding on the growing appetite of customers for online video and mobile games, PLDT, Inc.’s mobile business posted a record 18 percent service revenue growth to P16.9 billion in the first quarter of 2019. […]

  • Bankers laud BSP’s move to trim RRR
    by MB Business on May 17, 2019 at 2:00 pm

    The country’s big banks called the Bangko Sentral ng Pilipinas’ (BSP) 200 basis points (bps) move to cut reserve requirement ratio (RRR) and releasing almost P200 billion in fresh liquidity a “bold move” as it follows the Monetary Board’s easing of benchmark rates last week. […]

  • BSP chief signals more RRR cuts ahead
    by MB Business on May 17, 2019 at 2:00 pm

    The Bangko Sentral ng Pilipinas (BSP) will consider reducing the Reserve Requirement Ratio for lenders further if banks don’t misbehave and speculate against the peso, Governor Benjamin Diokno said. […]