Clik here to view.
Macau gaming slump weighs on Australia's Crown
SYDNEY, Australia – Australia's Crown Resorts on Wednesday, August 17, posted strong full-year net profits boosted by the part sale of its stake in a Macau-focused group, but saw underlying earnings...
View ArticleClik here to view.
British shoppers begin to feel post-Brexit pinch
LONDON, United Kingdom – From computers and cars to carpets and food, Britain's decision to leave the EU is beginning to hit consumers in the pocket, having already spread uncertainty through the...
View ArticleClik here to view.
Cathay Pacific H1 profit drops amid China slowdown
HONG KONG – Shares in Hong Kong flag carrier Cathay Pacific plunged Wednesday, August 17, after the company reported its first-half profit dropped 82% from a year earlier due to a slowdown in China and...
View ArticleClik here to view.
Philippines GDP grows 7% in Q2 2016
MANILA, Philippines (4th UPDATE) – Boosted by a strong start to 2016, the Philippine economy grew 7% in the second quarter of the year.The latest Gross Domestic Product (GDP) figure announced by...
View ArticleClik here to view.
Wynn bets big on new Macau mega-resort
MACAO, Macau – A giant lake with musical fountains and cable cars, dizzying mirrored halls of marble, and psychedelic floral sculptures – welcome to casino enclave Macau's latest addition, the Wynn...
View ArticleClik here to view.
Duterte admin revives plan to build Metro Manila subway
MANILA, Philippines – The P374.5-billion ($8.08-billion) project to build a subway connecting the cities of Makati, Pasay, and Taguig is being revived by the transportation department under President...
View ArticleClik here to view.
PAGCOR rejects Ongpin's offer to donate PhilWeb shares
MANILA, Philippines (UPDATED) – State-owned and -controlled Philippine Amusement and Gaming Corporation (PAGCOR) will not accept Roberto Ongpin's offer to donate 49% of his stake in PhilWeb...
View ArticleClik here to view.
Strong Q2 showing maintains pace for more inclusive growth – DOF
MANILA, Philippines – The economy's strong showing of 7% GDP growth for the second quarter of the year gives the government room to push for inclusive growth as well as guard against economic events...
View ArticleClik here to view.
China, Japan, Korea keen on funding Mindanao railway project
MANILA, Philippines – The Philippines may get some help from the governments of Asian giants to fund the Mindanao Railway System project.The proposed 2,000-kilometer railway project is envisioned to...
View ArticleClik here to view.
Divided Fed wanted to keep rate 'options open'
WASHINGTON, USA – US Federal Reserve policy makers last month believed risks to the US economy had lessened but wanted to keep their interest rate policy "options open," according to minutes released...
View ArticleClik here to view.
Nestle posts sluggish first half profits
GENEVA, Switzerland – Nestle, the world's largest food company, on Thursday, August 18, reported a 9.1% fall in profits through the first 6 months of 2016, but said its sluggish performance should be...
View ArticleClik here to view.
IFC, Canada and Clean Tech Fund invest $161M in Visayas biomass plants
MANILA, Philippines – The country’s renewable energy sector and the Visayas region received a boost on Friday, August 19, through a fresh investment from a partnership between international...
View ArticleClik here to view.
Ongpin offers PAGCOR his P20B PhilWeb shares for drug rehab
MANILA, Philippines – Roberto Ongpin has asked the state-owned gaming firm Philippine Amusement and Gaming Corporation (PAGCOR) to use P20-billion worth of PhilWeb Corporation shares for the...
View ArticleClik here to view.
Economists upbeat on PH prospects for 2nd half of 2016
MANILA, Philippines – It's supposed to be a tricky year given the elections, but the country's economy has so far surpassed all but the most wide-eyed expectations.The Philippines was the fastest...
View ArticleClik here to view.
Volkswagen, suppliers to hold talks on production-crippling dispute
BERLIN, Germany – Embattled automaker Volkswagen will hold talks Monday, August 22, with two component suppliers, in a bid to end a standoff over car parts deliveries that has severely disrupted...
View ArticleClik here to view.
Balanced budget 'impractical' for the PH until 2022 – Diokno
MANILA, Philippines – The Philippines is not ready yet for a balanced budget, as deficits will be needed in the next 6 years to address infrastructure backlog and eventually eradicate the nation's high...
View ArticleClik here to view.
Volkswagen cuts nearly 28,000 workers' hours over supply woes
FRANKFURT, Germany (UPDATED) – Embattled auto giant Volkswagen said on Monday, August 22, it would halt production at 6 plants in Germany for several days as a legal dispute with two key suppliers...
View ArticleClik here to view.
#AskTheTaxWhiz: Is there tax on prizes for our sports heroes?
If I organize a local Pokemon Go tournament, will the cash and non-cash prizes of the winner be subject to tax? How about the prizes of athletes like Hidilyn Diaz who undeniably gave pride to the...
View ArticleClik here to view.
Gov't tax reform to cost P173.8B in lost revenue
MANILA, Philippines – The tax reform package that the Duterte administration is preparing will cost it almost P200 billion in revenue, although it plans to recoup it through a package of new taxes and...
View ArticleClik here to view.
Profit plunges for Malaysia's Petronas on low oil prices
KUALA LUMPUR, Malaysia – Malaysia's state energy firm Petronas said Monday, August 22, profits plunged 85% in the second quarter due to low oil prices, adding to concerns about the country's slowing...
View Article