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RCBC pays Bangladesh Bank heist fine in advance

May 23, 2017 - 8:20 PM

The listed bank fully settles its record P1-billion fine for non-compliance with banking laws and regulations in connection with the $81-million Bangladesh Bank money laundering scandal

RCBC pays Bangladesh Bank heist fine in advance

5 regional airports removed from PPP pipeline

May 23, 2017 - 3:50 PM

(UPDATED) It is back to zero for the development of 5 small airports in Bacolod, Davao, Iloilo, Laguindingan, and Bohol. A prospective bidder feels embarrassed and dismayed over what has happened.

5 regional airports removed from PPP pipeline

DOTr eyes MRT3 buyout under Duterte admin

May 23, 2017 - 1:15 PM

The Department of Transportation is also eyeing an executive order to transfer the MRT3 under the regulation of the Light Rail Transit Authority

DOTr eyes MRT3 buyout under Duterte admin

No merger? Henry Sy firm among top shareholders of RCBC

May 23, 2017 - 12:15 AM

A privately held company of the Sy family, owner of China Bank and BDO Unibank, has been buying shares of RCBC, a Yuchengco-led bank

No merger? Henry Sy firm among top shareholders of RCBC

PLDT sells remaining stake in SPi Global

May 22, 2017 - 4:45 PM

The transaction values SPi Global at $330 million (P16.42 billion)

PLDT sells remaining stake in SPi Global

Cathay Pacific sacks 600 staff in major shakeup

May 22, 2017 - 11:27 AM

The company posts its first annual net loss in 8 years in March, citing intense competition as lower cost airlines, particularly from mainland China, eat into its market share

Cathay Pacific sacks 600 staff in major shakeup

Rappler Talk: Thierry Tea on the business of private helicopters, jets

May 18, 2017 - 7:28 PM

Thierry Tea, founder and managing director of Philjets, explains that the Philippines' growing business aviation market could help open local businesses to new international deals and the greater global economy

Rappler Talk: Thierry Tea on the business of private helicopters, jets

Dennis Uy's Chelsea Logistics wants a bigger pie of 2GO

May 18, 2017 - 6:39 PM

Chelsea Logistics, which aspires to become the prime mover of goods and passengers in the Philippines, plans to raise P8 billion via IPO in July

Dennis Uy's Chelsea Logistics wants a bigger pie of 2GO

Hong Kong firm pays record $3B for prime commercial lot

May 17, 2017 - 11:20 PM

The 2,880-square-meter property, located in the bustling Central district, is sold to a company owned by Hong Kong's second richest man

Hong Kong firm pays record $3B for prime commercial lot

Volkswagen CEO faces first probe over 'dieselgate'

May 17, 2017 - 10:50 PM

Matthias Mueller and others allegedly delayed telling Porsche SE shareholders of the financial consequences of the software manipulation by Volkswagen AG

Volkswagen CEO faces first probe over 'dieselgate'

Taiwan sees fewer tourists as Chinese stay away

May 17, 2017 - 4:10 PM

Increases from other areas including Southeast Asia are not enough to offset the steep fall in Chinese visitors

Taiwan sees fewer tourists as Chinese stay away

DMCI Holdings still upbeat on 2017 despite mining uncertainty

May 17, 2017 - 3:10 PM

The conglomerate's mining unit is cautiously optimistic as a new chief takes over the Department of Environment and Natural Resources

DMCI Holdings still upbeat on 2017 despite mining uncertainty

BSP to banks: Don't pay ransomware attackers

May 16, 2017 - 9:30 PM

While no Philippine bank was affected in the global ransomware attack, the Bangko Sentral ng Pilipinas issues guidelines on dealing with cyber criminals and protecting sensitive data

BSP to banks: Don't pay ransomware attackers

Petron to start $20B oil refinery in early 2018

May 16, 2017 - 6:08 PM

Other than its planned greenfield project, Petron plans to spend another $2 billion (P99.41 billion) to expand its plants in Bataan and Malaysia

Petron to start $20B oil refinery in early 2018

Aboitiz group to pour $300 million into cement business

May 15, 2017 - 6:44 PM

Republic Cement & Building Materials Incorporated is riding on the national government's aggressive infrastructure spending of about P8 trillion until 2022

Aboitiz group to pour $300 million into cement business

WATCH: Inside AboitizPower's coal-fired power plant in Mindanao

May 15, 2017 - 4:46 PM

Mindanao's leading power generator talks about its adoption of clean coal technologies

WATCH: Inside AboitizPower's coal-fired power plant in Mindanao

Emperador to miss income target for 2017

May 15, 2017 - 3:32 PM

But Emperador expects profits to be better than in 2016, as it plans to launch new products targeting the young and upwardly mobile consumers

Emperador to miss income target for 2017

Luxury car business grapples with 'drastic' tax hike proposal

May 15, 2017 - 12:27 PM

The price of a Toyota Camry 3.5 V6 A/T will surge to over P3.030 million in 2019 from the current P2.153 million, based on a pending bill

Luxury car business grapples with 'drastic' tax hike proposal

Will China help the Philippines achieve its railway dreams?

May 13, 2017 - 6:38 PM

China has the world's largest high-speed railway network. The Philippines, meanwhile, is hoping to get aid to boost its infrastructure.

Will China help the Philippines achieve its railway dreams?

Why Espenilla was chosen new BSP governor

May 13, 2017 - 12:57 PM

Former Central Bank governor Jose Cuisia has these to say about BSP's Amando Tetangco, Nestor Espenilla, and Diwa Guinigundo

Why Espenilla was chosen new BSP governor

Ayala Land launches 200-hectare Evo City in Cavite

May 11, 2017 - 5:49 PM

The 200-hectare mixed-use estate of Ayala Land is being positioned as a new central business district in the south

Ayala Land launches 200-hectare Evo City in Cavite

PSE approves Eagle Cement, Cebu Landmasters IPOs

May 10, 2017 - 9:10 PM

The offer period of Eagle Cement will be from May 16 to 22, while the Cebu Landmasters offering will be from May 19 to 26

PSE approves Eagle Cement, Cebu Landmasters IPOs

Rappler Talk: AboitizPower on diversifying energy sources and the power situation in Mindanao

May 10, 2017 - 8:20 PM

Mindanao now has an oversupply of power according to Sebastian Lacson, COO of AboitizPower Coal Group

Rappler Talk: AboitizPower on diversifying energy sources and the power situation in Mindanao

Max's Group in the time of food trucks

May 10, 2017 - 8:11 AM

Max's Group's dominance is being challenged by the surge of so-called fast-casual restaurants and food trucks

Max's Group in the time of food trucks

Philippine bankers cheer Espenilla's appointment

May 09, 2017 - 6:16 PM

(UPDATED) Outgoing BSP Governor Amando Tetangco Jr and most bankers got what they asked and hoped for: an 'insider' with years of central banking experience

Philippine bankers cheer Espenilla's appointment

Who is new BSP governor Nestor Espenilla?

May 08, 2017 - 8:35 PM

President Rodrigo Duterte picks technocrat Nestor Espenilla Jr as the new Philippine central bank chief, replacing world-acclaimed Amando Tetangco Jr

Who is new BSP governor Nestor Espenilla?

EDC says geothermal not dead but efficiency, incentives crucial

May 08, 2017 - 8:05 PM

The renewable energy firm expects flat to modest growth in 2017 as it upgrades its plants for the future

EDC says geothermal not dead but efficiency, incentives crucial

New PSE president to focus on PDS merger, lowering broker ownership

May 08, 2017 - 11:15 AM

Ramon Monzon says the Philippine Stock Exchange wants the long-planned merger between the country's securities and bond markets to happen by July

New PSE president to focus on PDS merger, lowering broker ownership

DOTr won't auction off Clark airport rehab

May 08, 2017 - 12:20 AM

The government will instead redevelop Clark International Airport and later auction off the operations and maintenance of the modernized gateway to the private sector

DOTr won't auction off Clark airport rehab

NGCP still keen on Visayas-Mindanao grid connection

May 07, 2017 - 11:40 PM

The private firm says it can complete the P52-billion project by 2020 if it gets the go signal immediately, but it will also give way if the government decides to handle the project

NGCP still keen on Visayas-Mindanao grid connection

Family of Trump son-in-law solicits Chinese investment

May 07, 2017 - 3:16 PM

Jared Kushner's sister Nicole Kushner Meyer was in Beijing Saturday, May 6, seeking $150 million in investment in a luxury apartment complex project in New Jersey

Family of Trump son-in-law solicits Chinese investment

Palawan suffers daily rotational blackouts

May 06, 2017 - 11:20 PM

(UPDATED) The Palawan Electric Cooperative says independent power producers are unable to stabilize the energy supply, but two of these IPPs have no penalty clause in their contracts

Palawan suffers daily rotational blackouts

How Chooks to Go built a business bigger than GMA Network

May 06, 2017 - 2:24 PM

Bounty Agro Ventures Incorporated – the group behind brands Chooks To Go, Uling Roasters, and Reyal – was not an overnight success. While an egg takes about 21 days to hatch, BAVI took 15 years.

How Chooks to Go built a business bigger than GMA Network

Absence of election spending drags Pepsi Cola PH's income

May 05, 2017 - 4:10 PM

Capital expenditure in the first quarter of 2017 amounted to P900 million as the company continues to invest in capacity and containers

Absence of election spending drags Pepsi Cola PH's income

DOTr keen on removing Davao airport rehab from PPP pipeline

May 04, 2017 - 8:35 PM

Transportation Secretary Arthur Tugade says the government is considering funding the rehabilitation of the airport in President Rodrigo Duterte's hometown

DOTr keen on removing Davao airport rehab from PPP pipeline

Dennis Uy to develop $300M resort and casino in Cebu

May 04, 2017 - 5:02 PM

Udenna plans to break ground for the integrated resort and casino in 3 months' time. It targets to complete the development in 2022.

Dennis Uy to develop $300M resort and casino in Cebu

LOOK: Puerto Princesa International Airport's new terminal

May 04, 2017 - 4:31 PM

(UPDATED) The P4.5-billion terminal has a 2,600-meter runway that can accommodate bigger aircraft

LOOK: Puerto Princesa International Airport's new terminal

LRT1 operator's promise: 25-minute ride from Cavite to Makati by 2021

May 04, 2017 - 2:45 PM

Light Rail Transit Line 1 (LRT1) operator Light Rail Manila Corporation (LRMC) targets to finish the Cavite Extension project by 2021

LRT1 operator's promise: 25-minute ride from Cavite to Makati by 2021

Century Properties, Indonesia's Bakrie forming joint venture for 3 developments

May 03, 2017 - 9:25 PM

The joint venture, which also involves the Philippines' most valued startup, will create themed mixed-use developments

Century Properties, Indonesia's Bakrie forming joint venture for 3 developments

Duterte grants Smart franchise extension

May 03, 2017 - 7:24 PM

The law extending Smart's franchise for another 25 years includes new perks and relaxed requirements

Duterte grants Smart franchise extension

Metro Pacific on the lookout for at least 2 logistics acquisitions

May 03, 2017 - 6:50 PM

Metro Pacific's president and chief executive officer wants logistics to be a major contributor to the conglomerate's operations

Metro Pacific on the lookout for at least 2 logistics acquisitions

Apple delivers higher profits, but iPhone sales slip

May 03, 2017 - 9:23 AM

Apple says its profits climbed 4.9% to slightly more than $11 billion on revenue rising 4.6% to $52.9 billion in the quarterly that ended April 1

Apple delivers higher profits, but iPhone sales slip

Semirara says open-pit mining ban won't affect operations

May 02, 2017 - 8:55 PM

The mining and power firm is also set to export coal to Japan for the first time as it prepares to boost its annual coal exports to 16 million metric tons

Semirara says open-pit mining ban won't affect operations

Po family buys Hunt's license from Gokongweis

May 02, 2017 - 5:30 PM

While the Gokongwei group's Universal Robina focuses on its main brands, Po family-led Century Pacific forays into branded categories outside its core segments of marine, meat, and milk

Po family buys Hunt's license from Gokongweis

Alliance Global to build transport hub near NAIA

May 01, 2017 - 8:10 PM

This will connect the country's main international gateway to Newport City, potentially increasing foot traffic to tycoon Andrew Tan's development

Alliance Global to build transport hub near NAIA

PLDT holds on to declining Rocket Internet

May 01, 2017 - 9:30 AM

Rocket Internet almost quadruples its losses in 2016 to €741 million ($807.441 million). PLDT owns a 6.1% stake in the German tech firm.

PLDT holds on to declining Rocket Internet

Philex Mining suspends Silangan mine project

Apr 30, 2017 - 11:40 PM

This comes after Environment Secretary Gina Lopez banned the open-pit method of mining for copper, gold, silver, and complex ores in the Philippines

Philex Mining suspends Silangan mine project

Ayala, SM taipans finally at ease over MRT-LRT common station

Apr 29, 2017 - 10:02 PM

At a recent government forum, Jaime Zobel De Ayala and Teresita Sy-Coson share a light-hearted moment over the common station that their firms argued over for nearly 8 years

Ayala, SM taipans finally at ease over MRT-LRT common station

Power consumers show force, seek reforms in energy industry

Apr 29, 2017 - 11:05 AM

The 1st National Summit of Electric Consumers gathers up to 5,000 attendees, who collectively oppose any future plan to privatize or convert electric cooperatives into a government-owned and controlled corporation

Power consumers show force, seek reforms in energy industry

Ecommerce a huge opportunity for ASEAN nations but PH may top them all

Apr 28, 2017 - 11:38 PM

All the ingredients are in place for the Philippines to be the world capital of ecommerce, just as it once was for SMS and now is for Facebook penetration, according to Lazada’s CEO Inanc Balci

Ecommerce a huge opportunity for ASEAN nations but PH may top them all