Clik here to view.
DoubleDragon completes acquisition deal with Hotel of Asia
MANILA, Philippines – DoubleDragon Properties Corporation completed the acquisition of a 70% stake in hotel chain operator Hotel of Asia Incorporated (HOA) for P832.17 million.The acquisition will...
View ArticleClik here to view.
PH, China businessmen to sign MOUs during Duterte's Beijing visit
MANILA, Philippines – Filipino and Chinese business leaders are expected to sign memoranda of understanding (MOU) on the sidelines of the visit of President Rodrigo Duterte to Beijing next week.“There...
View ArticleClik here to view.
Investor sentiment tempers hot money inflows in September
MANILA, Philippines – Investor jitters over local and international events caused foreign portfolio investments last month to decline by 27.5% from a month ago, the Bangko Sentral ng Pilipinas (BSP)...
View ArticleClik here to view.
Samsung sees further $3B profit hit from Note7 crisis
SEOUL, South Korea – Samsung on Friday, October 14, said the crisis over its exploding Note7 smartphones would cost another $3 billion-plus in lost profit over the next two quarters, but hoped expanded...
View ArticleClik here to view.
Pilipinas Shell's final offer price: P67 per share
MANILA, Philippines – Pilipinas Shell Petroleum Corporation has set its final offer price at P67 per share, becoming the country's second biggest initial public offering (IPO) this year."Pilipinas...
View ArticleClik here to view.
Dominguez tells Moody's execs: Ignore political noise
MANILA, Philippines – Finance Secretary Carlos Dominguez III urged executives of international credit rater Moody’s Investor Service not to be distracted by President Rodrigo Duterte’s tough talk, as...
View ArticleClik here to view.
Cancelled flights due to Typhoon Karen
MANILA, Philippines (4th UPDATE) – Several airlines have cancelled flights as Typhoon Karen (Sarika) battered Luzon.The Manila International Airport Authority (MIAA) and the affected airlines announced...
View ArticleClik here to view.
PH housing prices continue rising – BSP
MANILA, Philippines – Housing prices in the country continued to climb in the second quarter of the year, buoyed by demand for houses outside the National Capital Region (NCR), according to data...
View ArticleClik here to view.
Xi warns of globalization backlash at BRICS summit
BENAULIM, India – Chinese President Xi Jinping said Sunday, October 16, a rising tide of protectionism and anti-globalization was endangering the world economy's still fragile recovery as BRICS leaders...
View ArticleClik here to view.
OFW remittances see highest growth in over two years
MANILA, Philippines – Money sent home by overseas Filipino workers (OFWs) in August saw the highest growth in over two years and a rebound from a month ago, according to data from the Bangko Sentral ng...
View ArticleClik here to view.
4 PH airports in Asia's best airports list
MANILA, Philippines – Iloilo International Airport, Mactan-Cebu International Airport, Clark International Airport, and Davao International Airport made it to the online travel website The Guide to...
View ArticleClik here to view.
Economists expect growth in OFW remittances to slow down
MANILA, Philippines – From the sharp rebound in cash remittances in August, authorities and economists expect the amount of money being sent home by overseas Filipino workers (OFWs) to slow down in the...
View ArticleClik here to view.
Pilipinas Shell IPO: Strong interest from long-term investors
MANILA, Philippines – The planned P19.5-billion initial public offering (IPO) of Pilipinas Shell Petroleum Corporation has received strong interest from long-term institutional investors, according to...
View ArticleClik here to view.
How Duterte's China trip could help the economy
MANILA, Philippines – After months of promising stronger economic ties with China, President Rodrigo Duterte takes the first steps towards that goal on Tuesday, October 18, with his first official...
View ArticleClik here to view.
Tax reform, infra push may boost PH credit rating – Moody's
MANILA, Philippines (UPDATED) – Moody's Investors Service has raised its full-year economic outlook for the year and could eventually boost the country's credit rating if the Duterte administration's...
View ArticleClik here to view.
PH, China to sign MOU on tourism cooperation
MANILA, Philippines – The Philippines and China will sign a memorandum of understanding on tourism (MOU) cooperation that is expected to boost Chinese tourist arrivals in the country.Philippine...
View ArticleClik here to view.
Property and credit booms stablize China growth
BEIJING, China – Chinese growth stabilized in the third quarter, data showed Wednesday, October 19, as ample credit and hot property markets propped up the world's second-largest economy.But while the...
View ArticleClik here to view.
Property and credit booms stabilize China growth
BEIJING, China (UPDATED) – Chinese growth stabilized in the third quarter, data showed Wednesday, October 19, as ample credit and hot property markets propped up the world's second-largest economy.But...
View ArticleClik here to view.
Iran to import more bananas, invest in PH infra and energy
MANILA, Philippines – Iran plans to buy more Philippine bananas, invest in infrastructure and energy projects, as well as set up branches of Iranian banks here, in a bid to foster better economic...
View ArticleClik here to view.
Customs misses revised target by P2.57B in September
MANILA, Philippines – Despite tempered expectations, the Bureau of Customs (BOC) missed its revised target in September by P2.57 billion ($53.5 million). An initial collection report showed that 10...
View Article