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Amazon sales surge to $38-B, but spending bites into profit

Jul 28, 2017 - 8:04 AM

Net sales increase by 25% compared to the same period last year, but profits drop 77% to $197 million

Amazon sales surge to $38-B, but spending bites into profit

Amazon's Jeff Bezos becomes world's richest person

Jul 27, 2017 - 11:52 PM

Forbes magazine says its real-time tracking of personal fortunes showed Bezos with a net worth of $90.5 billion, ahead of the $90 billion for Gates

Amazon's Jeff Bezos becomes world's richest person

Twitter user growth stalls, revenue dips

Jul 27, 2017 - 8:05 PM

Twitter reports its base of monthly active users is unchanged at 328 million compared to the first 3 months of the year and up just 5% from a year earlier

Twitter user growth stalls, revenue dips

BSP plans to tap artificial intelligence

Jul 27, 2017 - 5:30 PM

The Philippines' central bank is using the buzzwords 'FinTech,' 'RegTech,' and 'chatbots'

BSP plans to tap artificial intelligence

AstraZeneca, Merck strike key cancer drugs partnership

Jul 27, 2017 - 4:32 PM

'The strategic collaboration is expected to further increase the number of treatment options available to patients,' British company AstraZeneca and its US peer Merck say in a statement

AstraZeneca, Merck strike key cancer drugs partnership

MRC Allied partners with Chinese firm for energy deals

Jul 27, 2017 - 3:30 PM

The two companies will explore opportunities in the Philippines' renewable energy sector

MRC Allied partners with Chinese firm for energy deals

Amazon pushes into Southeast Asia with Singapore launch

Jul 27, 2017 - 2:37 PM

The launch of Amazon Prime in Singapore marks the company's entry into a region of more than 600 million people

Amazon pushes into Southeast Asia with Singapore launch

Facebook profit hits $3.9-B as it reaches 2 billion users

Jul 27, 2017 - 12:13 PM

Q2 2017 net profits leap 71% from a year ago, propelled by ads served on mobile devices

Facebook profit hits $3.9-B as it reaches 2 billion users

Trump hails $10B investment from Apple supplier Foxconn

Jul 27, 2017 - 11:24 AM

The businessman-turned-president made the announcement side by side with the Taiwanese tech giant's CEO Terry Gou, as he tried to show his 'America First' economic rhetoric is making a difference

Trump hails $10B investment from Apple supplier Foxconn

Samsung Electronics' record earnings see it overtake Apple

Jul 27, 2017 - 10:53 AM

The firm says huge sales of its new Galaxy S8 smartphone and demand for its memory chips are behind the jump in April-June earnings

Samsung Electronics' record earnings see it overtake Apple

Nintendo returns to profit on the Switch

Jul 26, 2017 - 5:03 PM

Nintendo launches the Switch game console with a price tag of $300. It sold 2.7 million units by the end of the month and is now seen as a new pillar for the company's earnings.

Nintendo returns to profit on the Switch

Trump says Tim Cook promised 3 new U.S. plants – report

Jul 26, 2017 - 12:41 PM

Analysts say, however, that moving manufacturing back to US is unlikely for Apple, which relies on a 'dense ecosystem of companies' in Asia

Trump says Tim Cook promised 3 new U.S. plants – report

PH gov't told to pay Maynilad over P3B for delayed tariff hike

Jul 26, 2017 - 7:40 AM

An arbitral tribunal orders the Republic of the Philippines to reimburse the country's largest water concessionaire of its losses from unenforced tariff adjustments

PH gov't told to pay Maynilad over P3B for delayed tariff hike

Cagayan airport to launch international flights in August

Jul 25, 2017 - 9:39 PM

The airport in Lal-lo town will initially cater to two flights to and from Macau and China on a daily basis

Cagayan airport to launch international flights in August

BPI launches microfinance bank to target underserved entrepreneurs

Jul 25, 2017 - 7:55 PM

The new microfinance subsidiary, called BPI Direct BanKo, has a network of 24 branches across the country with 100 branches targeted by the end of 2017

BPI launches microfinance bank to target underserved entrepreneurs

Senate to discuss fraud case with Metrobank, AMLC, BSP

Jul 25, 2017 - 5:45 PM

Senator Francis Escudero says his committee will review if there is a need to launch a Senate probe into the P900-million internal fraud at Metrobank

Senate to discuss fraud case with Metrobank, AMLC, BSP

PLDT opposes DOLE order on contractual workers' regularization

Jul 25, 2017 - 4:46 PM

The Manuel Pangilinan-led telco says there is no evidence proving that it violated the rules of the Department of Labor and Employment

PLDT opposes DOLE order on contractual workers' regularization

Michael Kors buys Jimmy Choo for £900m

Jul 25, 2017 - 3:40 PM

Jimmy Choo – whose celebrity fans include Beyonce, Lady Gaga, Nicole Kidman and Kate Middleton – is the 'ideal partner' for the US handbag and clothing maker, it said in a statement

Michael Kors buys Jimmy Choo for £900m

Alphabet profit hit by EU fine on Google

Jul 25, 2017 - 12:09 PM

Alphabet reports a quarterly profit of $3.5 billion, in a sharp decline from a year ago, with a $2.74 billion antitrust fine in Europe biting into earnings

Alphabet profit hit by EU fine on Google

AC Energy to expand in Indonesia, sells Chevron PH assets stake to SM group

Jul 25, 2017 - 9:01 AM

Ayala Corporation’s energy arm signs an agreement with UPC Renewebles to develop small island power projects in Indonesia and divests its stake in Chevron’s geothermal assets in the Philippines to an SM group-linked investment firm

AC Energy to expand in Indonesia, sells Chevron PH assets stake to SM group

SONA 2017: No promises to speed up infra implementation

Jul 24, 2017 - 10:53 PM

President Rodrigo Duterte cites the victories in his administration's infrastructure initiatives during its first year in office

SONA 2017: No promises to speed up infra implementation

Duterte accepts Mighty Corp's P25-B tax settlement offer

Jul 24, 2017 - 8:54 PM

President Rodrigo Duterte says the money will fund rebuilding efforts in war-torn Marawi, and also in Ormoc City which was struck by a strong earthquake

Duterte accepts Mighty Corp's P25-B tax settlement offer

Big business winners, losers in Duterte's 1st year

Jul 24, 2017 - 5:03 PM

The stock price of Dennis Uy's Phoenix Petroleum increased about 92% from July last year, while Ongpin-associated Philweb's stock price fell 46.3%

Big business winners, losers in Duterte's 1st year

Grab to raise $2.5B in new financing

Jul 24, 2017 - 1:10 PM

The Singapore-based firm says it will use the fresh funds to bolster its leading position in the ride-hailing industry and invest in a mobile payment platform called GrabPay

Grab to raise $2.5B in new financing

Hans Sicat is new ING Bank country manager

Jul 24, 2017 - 12:42 PM

He will be replacing Consuelo Garcia, who is retiring after 26 years with the bank

Hans Sicat is new ING Bank country manager

Chuchi Fonacier is new BSP deputy governor for bank supervision

Jul 23, 2017 - 11:29 PM

Fonacier will fill the post vacated by BSP Governor Nestor Espenilla Jr

Chuchi Fonacier is new BSP deputy governor for bank supervision

Metrobank loses over P14B in market value amid fraud issue

Jul 23, 2017 - 11:15 PM

The stock of Metrobank was the biggest underperformer in the local bourse

Metrobank loses over P14B in market value amid fraud issue

Meet Ramon Ang, Filipino billionaire and Duterte's friend

Jul 23, 2017 - 9:58 PM

As Ramon Ang aggressively expands his businesses, he stays on the good side of President Rodrigo Duterte through his philanthropy and campaign donations

Meet Ramon Ang, Filipino billionaire and Duterte's friend

PAL, Cebu Pacific offer support for Marawi troops

Jul 22, 2017 - 10:48 PM

This means all of the Philippines' 3 main domestic carriers now have initiatives to support troops in Marawi City

PAL, Cebu Pacific offer support for Marawi troops

Cebu Pacific to start daily Manila-Sydney flights

Jul 22, 2017 - 5:40 PM

Cebu Pacific holds a seat sale for the Manila-Sydney route for one week in July, with prices as low as P9,100

Cebu Pacific to start daily Manila-Sydney flights

Banking sector backs Metrobank to pull through P900 M fraud case

Jul 21, 2017 - 8:11 PM

The Bangko Sentral ng Pilipinas says Metrobank is well-capitalized enough to deal with the situation, although it will conduct an investigation into the bank’s internal controls

Banking sector backs Metrobank to pull through P900 M fraud case

NBI nabs suspect in Metrobank P900-M fraud case

Jul 21, 2017 - 3:42 PM

(UPDATED) The National Bureau of Investigation says the suspect, bank officer Maria Victoria Lopez, has refused to cooperate in the investigation

NBI nabs suspect in Metrobank P900-M fraud case

'Employee obsession' a way to prepare for automation, says TaskUs CEO

Jul 21, 2017 - 2:00 PM

Bryce Maddock, the BPO firm's chief, wants to attract talent who can handle the 'highly complex and emotional customer service interactions' that 'will likely not be automated'

'Employee obsession' a way to prepare for automation, says TaskUs CEO

U.S. fines Exxon $2 million over Ukraine-related sanctions breaches

Jul 21, 2017 - 12:01 AM

The Treasury Department says Exxon had business dealings with Igor Sechin, president of Russian state energy company Rosneft, who was blacklisted under the sanctions imposed in the wake of the Russian annexation of Crimea

U.S. fines Exxon $2 million over Ukraine-related sanctions breaches

Chelsea Logistics' final offer price: P10.68 each

Jul 20, 2017 - 7:11 PM

This is lower compared to the P14.63 maximum offer price earlier set by the company

Chelsea Logistics' final offer price: P10.68 each

U-Hop launches new services

Jul 20, 2017 - 2:39 PM

The homegrown ride-hailing app goes beyond shuttle services, as it introduces pre-arranged taxi, private car, and social carpooling rides

U-Hop launches new services

PSE to sell common shares to reduce broker ownership

Jul 20, 2017 - 2:17 PM

The share sale is part of the company’s move to reduce brokers' ownership in the stock exchange to 20% as prescribed under the Securities Regulation Code

PSE to sell common shares to reduce broker ownership

Strong export demand to lift Asian economies – ADB

Jul 20, 2017 - 1:31 PM

Surging global demand for Asian exports and low oil prices will help China and the region's developing economies grow faster than expected this year and next

Strong export demand to lift Asian economies – ADB

Prietos lose another round at CA in Mile Long dispute

Jul 19, 2017 - 6:37 PM

This comes after the Prieto family announced it is divesting from the Philippine Daily Inquirer

Prietos lose another round at CA in Mile Long dispute

PSE approves Dennis Uy's Chelsea Logistics IPO

Jul 19, 2017 - 5:52 PM

Priced at P14.63 each, Chelsea Logistics expects to earn P7.59 billion from the initial public offering to fund its fleet expansion, and acquisition of logistics and shipping firms, among others

PSE approves Dennis Uy's Chelsea Logistics IPO

Isko Moreno is chairman of North Luzon Railways Corp

Jul 19, 2017 - 3:32 PM

The former Manila vice mayor was nominated for the post by no less than President Rodrigo Duterte

Isko Moreno is chairman of North Luzon Railways Corp

Casinos now covered by anti-money laundering law

Jul 19, 2017 - 2:34 PM

(UPDATED) Casinos are now required to report casino cash transactions exceeding P5 million, according to AMLA amendments signed by President Rodrigo Duterte

Casinos now covered by anti-money laundering law

MVP open to selling his entire Inquirer stake

Jul 19, 2017 - 7:46 AM

This comes amid talks between Ramon Ang and the Rufino-Prieto family for a majority stake in the Philippine Daily Inquirer

MVP open to selling his entire Inquirer stake

#ThinkPH: Technology is changing human physiology

Jul 18, 2017 - 9:02 PM

'The Internet is helping all of us connect and we’re doing more stuff online now, not just social media... but the weird thing is that our internet habits, especially on our smartphones, are actually changing the way our brains work,' Simon Kemp says

#ThinkPH: Technology is changing human physiology

Ericsson steps up restructuring on new quarterly loss

Jul 18, 2017 - 6:26 PM

'We are not satisfied with our underlying performance with continued declining sales and increasing losses in the quarter,' says CEO Borje Ekholm, as the share price drops 10% in Stockholm

Ericsson steps up restructuring on new quarterly loss

San Miguel's latest venture: BMW vehicles

Jul 18, 2017 - 5:30 PM

San Miguel Corporation sets up a new unit called SMC Asia Car Distributors Corporation, marking its entry into the motoring business

San Miguel's latest venture: BMW vehicles

FAST FACTS: What you should know about the Inquirer Group

Jul 18, 2017 - 10:34 AM

Get to know the Rufino-Prieto family, owners of the Inquirer which may soon belong to businessman Ramon Ang

FAST FACTS: What you should know about the Inquirer Group

Ramon Ang and his media interests

Jul 17, 2017 - 11:46 PM

The businessman wants a majority stake in the Philippine Daily Inquirer, previously vied for GMA Network, and reportedly has a stake in CNN Philippines

Ramon Ang and his media interests

OFW cash remittances rebound to hit $2.31B in May

Jul 17, 2017 - 9:00 PM

Total cash remittances are up 4.5% for the first 5 months of the year, totaling $11.346 billion

OFW cash remittances rebound to hit $2.31B in May

#UsapangPera with Vince Rapisura: Invest in yourself!

Jul 17, 2017 - 5:48 PM

What's the best way to invest your money? Wealth management consultant Vince Rapisura discusses this in today's episode.

#UsapangPera with Vince Rapisura: Invest in yourself!