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Universal Robina spending P8 billion in 2018
MANILA, Philippines – Food manufacturing giant Universal Robina Corporation (URC) earmarked P8 billion in capital spending budget for 2018, mainly to finance the expansion of its branded foods group.In...
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PLDT subsidiary selling bulk of Rocket Internet shares
MANILA, Philippines – PLDT Incorporated is disposing of bulk of its shares in Rocket Internet SE – a German investor in technology start-ups – for a lower price of €24 (P1,545.28) per share, or a total...
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Century Properties net income drops in 2017 amid diversification
MANILA, Philippines – Antonio-led Century Properties Group Incorporated saw its net income fall in 2017 as its expansion into various real estate markets continues.In a disclosure to the Philippine...
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PCC to pursue review of Grab-Uber deal despite Uber closure
MANILA, Philippines – The Philippine Competition Commission (PCC) said it will continue its review of the Grab-Uber deal despite Uber shutting down on Monday, April 16."The motu proprio review... shall...
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LTFRB to Grab: Why change fares on your own?
MANILA, Philippines – The Land Transportation Franchising and Regulatory Board (LTFRB) on Tuesday, April 17, emphasized that it has the sole power to change fares for public utility vehicles and...
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Galaxy Entertainment no longer building casino in Boracay – DOT
MANILA, Philippines – A week before the closure of Boracay, the Department of Tourism (DOT) announced that Galaxy Entertainment Group will no longer be building an integrated casino and resort in the...
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EU asks WTO for safeguards over U.S. steel, aluminum tariffs
GENEVA, Switzerland – The European Union (EU) on Monday, April 16, followed China in complaining to the World Trade Organization (WTO) over US tariffs on steel and aluminum imports."Having a...
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Lopez Holdings net income drops 36% in 2017
MANILA, Philippines – Lopez Holdings Corporation, the listed holding firm of the Lopez Group, saw its net income drop in 2017 as the absence of one-off gains and elections took a toll on earnings of...
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Galaxy Entertainment's PH partner denies Boracay casino scrapped
MANILA, Philippines (UPDATED) – The local partner of Chinese casino operator Galaxy Entertainment Group denied that they have abandoned plans to build an integrated casino and resort in Boracay.Leisure...
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No further job cuts at TV5 after better financial performance
MANILA, Philippines – A manpower reduction program is not in the horizon for TV5 Incorporated, as the 3rd-ranked broadcast network nears its target of breaking even next year."For now, we've been very...
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JobStreet 2018 report: Work ethic, communication skills important for employers
MANILA, Philippines – The top 3 things employers now consider when screening job applicants are attitude or work ethic, communication skills, and analytical thinking, according to JobStreet.com's 2018...
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Cebu Landmasters to build 1st Radisson Red hotel in PH
MANILA, Philippines – Recently listed property developer Cebu Landmasters Incorporated (CLI) announced on Wednesday, April 18, that it signed an agreement with the Radisson Hotel Group to bring the...
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Grab: Riders not informed of P2-per-minute travel charge
MANILA, Philippines – Grab Philippines said on Wednesday, April 18, that its riders were not informed about the company's P2-per-minute travel charge when it was first added to their fare in June last...
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JobStreet 2018 report: Only 24% of employers willing to hire K to 12 graduates
MANILA, Philippines – Are companies ready to hire K to 12 graduates? Only 24% of employers in the country responded positively to this question, based on JobStreet.com's 2018 Fresh Graduate Report...
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PLDT not in hurry to fully divest from Rocket Internet
MANILA, Philippines – PLDT Incorporated is not in a hurry to dispose of all of its shares in Rocket Internet SE, as it banks on the optimistic prospects of the Berlin-based tech investor's financial...
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Ayala Land outlines PH, Malaysia expansion in 2018
MANILA, Philippines – Ayala Land Incorporated, the property arm of the Ayala group, is targeting a slew of new local developments as well as a push into Malaysia as it chases its target of P40 billion...
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JobStreet 2018 report: Law, communications, journalism top 3 highest paying...
MANILA, Philippines – Fresh graduates working in law, public relations or communication, and journalism are the highest paid, according to JobStreet’s 2018 Fresh Graduates Report.JobStreet.com...
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LIST: What are the top 10 schools for employers?
MANILA, Philippines – Majority of employers still look at the alma mater of fresh graduates when considering job applications, according to JobStreet’s 2018 Fresh Graduates Report.JobStreet.com...
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LTFRB accredits ride-hailing companies Hype and Hirna
MANILA, Philippines (UPDATED) – The Land Transportation Franchising and Regulatory Board (LTFRB) approved on Wednesday, April 18, the accreditation of two ride-hailing companies.LTFRB Chairman Martin...
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Gabby Lopez elected ABS-CBN chairman emeritus
MANILA, Philippines – Eugenio "Gabby" Lopez III is now the chairman emeritus of ABS-CBN Corporation, after over two decades as the chairman of the media conglomerate. Succeeding him as chairman is his...
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