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Japan’s Citizen FineDevice to invest P1.73B in Batangas
MANILA, Philippines – Japanese firm Citizen Finedevice Philippines Corporation is investing P1.73 billion ($36.82 million) for the production of electronics products in Batangas.The company, located at...
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Metrobank extends P7B worth of loans to Globe
MANILA, Philippines – Metropolitan Bank & Trust Company (Metrobank) has extended P7 bilion ($148.29 million) loan facilities to Globe Telecom Incorporated, the bank announced Monday, November...
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Jollibee group eyes additional acquisitions
MANILA, Philippines – Jollibee Foods Corporation (JFC) is eyeing one or two more acquisitions to meet its target of becoming one of the top 5 quick service restaurants globally in terms of market...
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APEC led to losses for hotels, airlines
MANILA, Philippines – While the Philippine government spent billions of pesos to host the year-long Asia-Pacific Economic Cooperation (APEC) meetings, local airlines suffered foregone revenues from...
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Oil firms roll back prices
MANILA, Philippines – Oil firms announced anew price reductions for diesel, gasoline, and kerosene products.Eastern Petroleum Corporation said on Monday, November 23 that prices of its diesel and...
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Viagra and Botox makers to merge to create $160-B pharma giant
NEW YORK, USA – Viagra-maker Pfizer and Allergan, the maker of Botox, said Monday, November 23, they will merge to create the world's biggest pharmaceutical group in a deal worth around $160 billion...
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Recto: Tap Malampaya fund for SALt lamps
MANILA, Philippines – Senate President Pro-Tempore Ralph Recto said the government should bankroll the development and mass production of the Sustainable Alternative Lighting or SALt lamps by using...
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Moody's: PH banks 'stable' for next 12-18 months
MANILA, Philippines – Credit rating agency Moody's Investor Service has given Philippine banks a "stable" outlook for the next 12 to 18 months.Based on Moody's annual "Banking System Outlook:...
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Auction houses ready Philippines' Marcos jewels for possible sale
MANILA, Philippines – Philippine authorities on Tuesday, November 24 showcased necklaces with diamonds the size of marbles and other jewels seized from the family of late dictator Ferdinand Marcos in...
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GrabTaxi PH launches GrabPay, GrabHeli
MANILA, Philippines – On-demand ride-hailing app company GrabTaxi on Tuesday, November 24 launched two new services in the Philippines: card payment option GrabPay and chopper service GrabHeli....
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Metro Retail stabilizes at market debut
MANILA, Philippines — Cebu-based supermarket and department store chain Metro Retail Stores Group, Incorporated marked its first day as a publicly listed company by closing favorably amid a volatile...
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Key lessons from APEC 2015
MANILA, Philippines – From November 16 to 19, the Philippines welcomed world leaders and delegates from 21 member economies to the Asia-Pacific Economic Cooperation (APEC) summit."Building Inclusive...
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PH growth picks up in Q3 - ING Bank
MANILA, Philippines – The country's economy expanded in the third quarter on the back of accelerated government spending, the chief economist of ING Bank Manila said Wednesday, November 25.Joey...
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After a year, LRT-MRT common station problem still unsolved
MANILA, Philippines —Over a year since the High Court stopped the transfer of the site of the planned Light Rail Transit (LRT)-Metro Rail Transit (MRT) common station, the problem remains unsolved,...
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Cebu Pacific to start flying to Guam in March
MANILA, Philippines – Budget airline Cebu Pacific Air will operate 4 flights weekly between Manila and Guam, starting March 15 next year.This marks Cebu Pacific’s first US destination, making it the...
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Globe, Huawei enter 5-year partnership for mobile network
MANILA, Philippines – Globe Telecom, Incorporated and Huawei Technologies Company Limited have signed a 5-year partnership deal involving the planning and design of a mobile broadband network, and the...
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PH GDP Q2 growth revised to 5.8%
MANILA, Philippines – The economic expansion for the second quarter of 2015 has been revised to 5.8%, higher than the gross domestic product (GDP) growth of 5.6% announced in August, the Philippine...
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PH GDP grows 6% in Q3
MANILA, Philippines (2ND UPDATE) – The Philippine economy, during the third quarter, grew at its fastest pace so far this year, driven by the gains of the services sector, improvement in state...
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More IPOs before 2015 ends – PSE
MANILA, Philippines – The Philippine Stock Exchange (PSE) is expecting to close 2015 with more initial public offerings, PSE President and CEO Hans Sicat said on Wednesday, November 25.Speaking on the...
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BSP to require banks to submit data on real estate loans
MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) is set to start collecting data from banks to help detect risks stemming from the real estate market and prevent a "housing bubble."Following...
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