March 31, 2017, 8:25 am
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Business News

Foam manufacturer goes solar

March 30, 2017
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Uratex, which consists of several business units engaged in the manufacture of foam, plastic products, and components for the automotive for export, will soon be powered by solar energy.

Home improvement firm IPO 3.7x

March 30, 2017
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First Metro Investment Corp. said demand for the shares of Wilcon Depot Inc. was so strong orders were more than three times the available shares or an oversubscription of 3.7 times. 

PH, others in Asia grapple w

by ANGELA CELIS on March 30, 2017
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Some 400 million people in Asia and the Pacific, which include the Philippines, still confront poverty as part of their daily lives due to widening income inequality, despite the region’s impressive gains in reducing income poverty in recent decades, a report launched by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), the Asian Development Bank (ADB), and the UN Development Programme (UNDP) said.

Citigroup eyes Asia for insura

March 30, 2017
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SINGAPORE - Citigroup Inc will seek bids from global insurers keen to sell general insurance products across the U.S. bank’s Asia-Pacific markets, in a deal that could be worth at least $500 million, a source with knowledge of the matter told Reuters.

Profits near flat at two of C

March 30, 2017
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SHANGHAI - Two of China’s ‘Big Five’ lenders, Bank of Communications (BoCom) and Agricultural Bank of China (AgBank), reported modest annual profit growth on Tuesday, as they battled operating pressures and the narrowest net interest margins since at least 2011.

Westinghouse files for bankcru

March 30, 2017
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Toshiba Corp.’s US nuclear unit Westinghouse filed for Chapter 11 protection from creditors on Wednesday, as its Japanese parent seeks to limit losses that threaten its future.
 

Palace to NYT: Why the focus

by JOCELYN MONTEMAYOR on March 29, 2017
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PRESIDENTIAL spokesman Ernesto Abella finds it “curious” that the New York Times is focusing its attention on the Philippines and the alleged extrajudicial killings in President Duterte’s war against illegal drugs when he said, there are pressing issues in the United States.

Gov’t portal to go full blast

by RAYMOND GREGORY B. TRIBDINO on March 29, 2017
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A marked improvement in the delivery of government services across the country is expected once the Government Cloud (GovCloud) goes full blast by November this year. 

MBC SURVEY: Upbeat on growth b

March 29, 2017
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Business remains optimistic on this year’s prospects both on the macroeconomic and corporate front, pushing companies to make additional investments and hire more people in 2017.

Gov’t raises P70B from RTB auc

March 29, 2017
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The Bureau of the Treasury (BTr) was able to raise P70 billion in yesterday’s price setting auction of the three-year retail treasury bonds (RTBs).

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Front Page

Column of the Day

Escape from true healing

By DODY LACUNA | March 31,2017
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‘The power to forgive and the grace to accept it are not inside us.’

Opinion of the Day

A barbaric fraternity

By DAHLI ASPILLERA | March 31, 2017
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‘On the case of a mauled-to-death frat recruit, how shocking to hear Judge Perla Cabrera-Faller’s verdict that no one is to blame for the death of Marc Andrei Marcos...’