Business News

Subsidies. Incentives are not enough to revive the industry as power and labor costs in the Philippines are high. (Reuters Photo)

Foreign buyers of Philippine garments are seeking for the revival of the garments sector after the country lost its position as the world’s top supplier.

Perks to boost RE share in energy mix

The International Food Policy Research Institute (IFPRI) said the Philippines could supplement 57 to 60 percent of its energy needs with renewables by 2040 if carbon taxes or...

Scammers beware. IC warned the public to act prudently whenever dealing in the acquisition, possession, and/or trading of cryptocurrencies.

Caution vs cryptocurrencies raised

The Insurance Commission (IC) has cautioned the public and all its regulated entities against dealings involving cryptocurrencies.

Approved additive. Carrageenan is an acceptable ingredient in the production of organic food.

Seaweed industry assured of market

Local seaweed products are assured of a steady market in the United States as the US Department of Agriculture (USDA) announced that carrageenan, a seaweed-derived substance...

Masterplanned development. Filinvest City in Alabang remains FLI’s flagship project.

Developer sets P23B capex

Developer’s Filinvest Land, Inc. (FLI) expects to spend P23 billion this year, up 4.5 percent from last year’s P22 billion, as itcontinues to expand its businesses.

Kinetic launches study on out

January 14, 2014
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Kinetic, an out-of-home media agency has launched its pioneering research study on out-of-home media in the Philippines. This is the first of its kind and most comprehensive in its form specifically executed in Metro Manila during the last quarter of 2013.

Contrarians bet vs EU stocks r

January 14, 2014
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LONDON/PARIS - Spanish, Italian and Portuguese equities have been star performers in 2014 so far, but not everyone is convinced, and bets on a future retreat in the euro zone periphery are rising.

Portugal to sell insurer to Ch

by Reuters on January 14, 2014
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LISBON/BEIJING - Portugal has chosen Fosun International Ltd to buy the insurance arm of state bank Caixa Geral de Depositos for 1 billion euros ($1.4 billion) allowing the government to further exceed its privatization revenue goal.

CEB holds 75% discount on su

January 14, 2014
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Cebu Pacific Air partners with the Department of Tourism in its Bangon Tours initiative, offering 75 percent discount on seats on all its destinations for summer travel.

by AMADO P. MACASAET on January 13, 2014
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Finance Secretary Cesar Purisima has not asked a company he described as tax evader to explain its side in an urgent and confidential memorandum that has been defied by the Bureau of Customs, the Bureau of Internal Revenue and two of his undersecretaries.