Clik here to view.
Belle Corp sees net income rise by 13% in 2017
MANILA, Philippines— Belle Corporation (Belle), the gaming and property unit of the Sy family, has seen its bottom line rise on strong gaming revenues.In a disclosure to the stock exchange on Friday,...
View ArticleClik here to view.
'Exclusionary growth' seen in big dip in PH employment in 2017
MANILA, Philippines – The big dip in the number of employed in the country in 2017 shows that the economic gains in recent years has yet to be felt by many Filipinos, said think tank Ibon...
View ArticleClik here to view.
Local, foreign firms eye integrated facility for liquefied natural gas
MANILA, Philippines – Four local and foreign companies expressed interest to develop an integrated liquefied natural gas (LNG) facility in the Philippines, following the issuance of the downstream...
View ArticleClik here to view.
Inflation seen to continue hitting poor Filipinos hard
MANILA, Philippines – Some of the country's poorest households are expected to continue suffering from a high inflation rate in the next two months, said the dean of the University of the Philippines...
View ArticleClik here to view.
Globe, Smart urged to notify prepaid users of each load deduction
MANILA, Philippines – Telecommunications companies should notify prepaid users real-time of their load deductions.This was the suggestion of Senate science and technology committee chairman Paolo...
View ArticleClik here to view.
Zamboanga's airport to be transferred in 4-5 years
DAVAO CITY, Philippines – The decades-old plan to transfer Zamboanga City’s airport received confirmation from Malacañang over the weekend, saying it is estimated to be completed in 4-5...
View ArticleClik here to view.
PH Competition Commission doubles threshold for review of mergers
MANILA, Philippines – The Philippine Competition Commission (PCC) doubled the threshold for reviewing merger and acquisition (M&A) transactions in the country, after the agency took into account...
View ArticleClik here to view.
PAL to start Davao-Siargao route on March 25
MANILA, Philippines – Lucio Tan-led Philippine Airlines (PAL) is expanding its Davao hub by introducing maiden flights from Davao to Siargao, Surigao del Norte.The new route will begin on March 25,...
View ArticleClik here to view.
DOF expects February inflation to exceed projections
MANILA, Philippines – Higher prices of sin products such as tobacco and alcohol are expected to jack up the inflation rate in February to a new 3-year high of 4.1%, said the Department of Finance...
View ArticleClik here to view.
Philippine inflation hits new 3-year high at 4.5% in February
MANILA, Philippines (3rd UPDATE) – The squeeze on Filipino households continues as inflation, or the movement of prices of basic goods and services, rose to 4.5% in February, the highest in over 3...
View ArticleClik here to view.
Trump vows Mexico, Canada steel tariffs without 'fair' NAFTA deal
WASHINGTON DC, USA – US President Donald Trump vowed Monday, March 5, not to exempt Mexico and Canada from new steel tariffs without a "fair" trade deal, but his chief negotiator warned the trio's...
View ArticleClik here to view.
With rising inflation, NEDA calls for measures to help the poor
MANILA, Philippines – With consumer prices rising the fastest in over 3 years, the National Economic and Development Authority (NEDA) said it is high time for the government to intervene and implement...
View ArticleClik here to view.
PH economic managers hail ranking by U.S. firm, vow more reforms
MANILA, Philippines – The government's top economic officials hailed the Philippines being chosen as the top country to invest in by American media firm US News and World Report, saying that more...
View ArticleClik here to view.
Henry Sy still leads Filipinos on Forbes' 2018 billionaires list
MANILA, Philippines— The country has 12 representatives on Forbes' list of the richest people on the planet this year.SM Group founder Henry Sy Sr leads the Filipinos on the World's Billionaires List...
View ArticleClik here to view.
Mexico vows U.S. steel tariff retaliation
MEXICO CITY, Mexico – Mexico threatened Tuesday, March 6, to retaliate against President Donald Trump's planned steel and aluminum tariffs by hitting the most "politically sensitive" US exports with...
View ArticleClik here to view.
Aboitiz submits P148-B proposal to modernize 4 regional airports
MANILA, Philippines (UPDATED) – The infrastructure unit of the Aboitiz group submitted a P148-billion unsolicited proposal to upgrade, expand, operate, and maintain 4 major Philippine regional airports...
View ArticleClik here to view.
Trump steps up trade threats as Cohn resigns in protest
WASHINGTON DC, USA – White House economic advisor Gary Cohn became the latest casualty of President Donald Trump's tumultuous administration,resigning in protest Tuesday, March 6, as Trump stepped up...
View ArticleClik here to view.
Henry Sy Jr retires early from NGCP
MANILA, Philippines – Henry "Big Boy" Sy Jr is stepping down as president and chief executive officer of the National Grid Corporation of the Philippines (NGCP).In a statement on Wednesday, March 7,...
View ArticleClik here to view.
DM Wenceslao to make P15.5-billion debut on PSE
MANILA, Philippines – DM Wenceslao & Associates Incorporated (DMWAI), a 53-year-old integrated property developer and construction company, plans to conduct a P15.5-billion initial public offering...
View ArticleClik here to view.
PAL to add more flights to Melbourne, shift to nonstop Brisbane service
MANILA, Philippines – Lucio Tan-led Philippine Airlines (PAL) will increase its flights to Australia amid a surge in demand.Beginning June 1 this year, the flag carrier will have Manila-Melbourne...
View Article