June 24, 2017, 8:17 am
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Business News

Stake hike in Vietnam firm don

by Jed Macapagal on June 23, 2017
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Ayala-led water concessionaire Manila Water Co. Inc.’s subsidiary, Manila Water South Asia Holdings Pte. Ltd. (MWSAH) based in Singapore, has completed the transaction increasing its stake in Saigon Water Infrastructure Corp. (SII) for 103.9 billion Vietnamese Dong, or roughly P230 million. 

Most chosen PH brands unveiled

by Irma Isip on June 23, 2017
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For the second straight year, local instant noodle brand Lucky Me remains the most chosen brand by Filipino consumers in 2016. 

Republic invests $300M for cap

June 23, 2017
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Republic Cement group, a joint venture of Ireland-based CRH and local conglomerate Aboitiz Equity Ventures, will be investing an initial $300 million for its capacity development activities.

Use of smartphone apps blamed

June 23, 2017
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NEW YORK- Americans’ love of their smartphones and apps may be contributing to the sluggish pace of inflation that is worrying Wall Street and the Federal Reserve, a top bond manager at BlackRock, the world’s biggest asset manager, said on Wednesday.

100% by 2022; Higher budget so

by Jed Macapagal on June 22, 2017
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The National Irrigation Administration (NIA) seeks to attain 100 percent irrigation rate by 2022 of all farmlands through an annual increase in its budget by as much as 20 percent.

Speed, expansion to hasten tra

by Myla Iglesias on June 22, 2017
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Long-Term Evolution (LTE) adoption in the Philippine telecom market is expected to increase to 70 percent in the next five years from 10 percent, driven by aggressive network expansion, improved speed and affordable services, according to the latest Ericsson Mobile Report.

Electronics sector sees 5-6% g

June 22, 2017
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The electronics and semiconductor industry expects to grow by 5 to 6 percent this year on strong demand but sees the proposed imposition of value-added tax (VAT) on locally-sourced inputs threatening its Philippine-based suppliers.

Foreign remittances not subjec

June 22, 2017
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Money sent by overseas Filipino workers (OFWs) to the Philippines are not covered by the proposed Comprehensive Tax Reform Program (CTRP) of the Department of Finance (DOF) as the government has no legal jurisdiction over remittances sent from abroad, according to Karl Kendrick Chua, finance undersecretary said.

Banks maintain no hacking in

by JP LOPEZ on June 22, 2017
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Bank of the Philippine Islands and Banco de Oro Unibank, two of the country’s biggest lenders, yesterday reiterated it was “human error” and skimming,  respectively, and not hacking, that caused disorder among accounts of their depositors.

New anti-distracted driving la

June 22, 2017
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The Department of Transportation (DOTr) yesterday issued the revised implementing rules and regulations (IRR) for the Anti-Distracted Driving Act which will be implemented starting next month.

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Front Page

Column of the Day

The hidden danger in Marawi

By JOSE BAYANI BAYLON | June 23,2017
‘What was supposed to be a simple police action has turned out to be the most serious military operation to date in the Duterte administration.’

Opinion of the Day

Metabolism: Why dieting fails

By DAHLI ASPILLERA | June 23, 2017
‘My doctor said that both hands lifting a gallon-size pail up to shoulder height daily can help my body’s fat-burning ability.’