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Xurpas’ Nix Nolledo chosen as EY Philippine Entrepreneur of the Year
MANILA, Philippines – Declaring him a game changer in Philippine business, SGV Foundation honored Xurpas Incorporated’s Chairman and CEO Nix Nolledo as its choice for the Ernst and Young (EY)...
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#AskTheTaxWhiz: How can we make Aquino listen to our tax woes?
Dear Mr. Tax Whiz,I'm an ordinary employee receiving a little above minimum wage subject to the onerous withholding tax. Like what you wrote in your previous article, "Why push for tax reform?" I'm one...
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Why Asian tycoons invest in sports
MANILA, Philippines – Asia is growing in importance both as a market and as source of investment for global sports, said the billionaire founder of the Berjaya Group of Companies, Vincent Tan.Asia’s...
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British firms to invest in PH telecom, media
MANILA, Philippines– The country’s telecommunications market – which is controlled by a virtual duopoly of Philippine Long Distance Telephone Company (PLDT) and Globe Telecom, Incorporated – seems to...
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SMC's Ramon Ang: 'We sell assets because of bad partnerships'
MANILA, Philippines – When a business partnership turns sour, the Philippines' most diversified conglomerate, San Miguel Corporation (SMC), walks away.SMC President and COO Ramon S. Ang told the...
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Volkswagen to recall 8.5 million vehicles in Europe
FRANKFURT, Germany – Volkswagen (VW) said Thursday, October 15, it will recall a total of 8.5 million diesel vehicles Europe-wide as police raided the carmaker's office in Italy and those of its sports...
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Neighbors catching up with PH as ASEAN integration looms
MANILA, Philippines – The single market of 650 million people that the ASEAN Economic Community (AEC) will bring will undoubtedly attract a lot more foreign investment. This, however, also prompts...
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DOTC to increase LRT1 capacity by 2018
MANILA, Philippines — By 2018, the transportation department said it will increase Light Rail Transit Line 1’s (LRT1) daily capacity to about 750,000 passengers from today’s 500,000.The Department of...
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Ayala Land raises stake in Malaysia's MCT Bhd
MANILA, Philippines – Ayala Land Inc. (ALI) said Friday, October 16 it has increased its stake in Malaysian development and construction firm MCT Bhd.From the current 9.16%, ALI hiked its stake to...
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PSE approves maiden offering of Gaisano's retail unit
MANILA, Philippines – The Philippines Stock Exchange (PSE) approved the P6.17 billion ($134.17 million) maiden offering of Metro Retail Stores Group, Inc., the Gaisano family's retail unit.The local...
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Nestlé says fresh tests show Maggi noodles are safe
MUMBAI, India – Nestlé said Friday, October 16 that laboratory tests ordered by an Indian court had found its popular Maggi noodles were safe to eat, paving the way for their return following a...
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Strauss-Kahn firm under suspicion in France
PARIS, France – French investigators have opened a preliminary probe into a bankrupt investment company partly run by the former head of the International Monetary Fund, Dominique Strauss-Kahn, a...
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Cancelled flights due to Typhoon Lando
MANILA, Philippines (3rd UPDATE) – Philippine carriers have cancelled select domestic flights on Saturday, October 17, as Typhoon Lando (international name: Koppu) continues to pose a threat across...
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BSP confident remittances to grow 5% despite August setback
MANILA, Philippines —The Bangko Sentral ng Pilipinas (BSP) anticipates cash remittances to pick up steam in the last quarter despite booking its first monthly decline in 12 years last August.BSP deputy...
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Turning out-of-school youth into artisans
When we buy products on a daily basis, we don't usually consider where they come from or how they are made. The social enterprise Vitrum turns this notion on its head by making the origins of its...
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Farmers, mothers can now dream – thanks to peanut spreads
The road out of poverty begins in a place with a name more appropriate for magic realism plotlines than a patch of arable land. It begins where the country’s great cities, financial hubs, and centers...
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Business to wait for next administration for new fiscal incentives
MANILA, Philippines – Business groups are resigned to the fact that a bill rationalizing the country’s incentives offered to business would have to wait until the next administration. (READ:...
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Air France continues with 2016 job cuts despite protests
PARIS, France – Air France will go ahead as planned and cut almost 1,000 jobs in 2016 under the first part of a restructuring plan that triggered violent protests, the chief executive of Air France-KLM...
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Right-of-way issues prevent NGCP from fixing critical power lines
MANILA, Philippines (2nd UPDATE) – The National Grid Corporation of the Philippines (NGCP) is seeking the immediate assistance of the government and members of the Philippine Army to help resolve...
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Coffee remains Filipinos' staple beverage – study
MANILA, Philippines – A Kantar Worldpanel study released Monday, October 19 showed that almost every Filipino household buy coffee, primarily the 3-in-1 varieties, "solidifying its foothold as the...
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