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Chelsea Logistics plans to go public to make the most of ASEAN trade

Apr 25, 2017 - 3:03 PM

CLC is the second company under the Udenna Group to go public, following the listing of Phoenix Petroleum Philippines in 2007

Chelsea Logistics plans to go public to make the most of ASEAN trade

Meralco's profit flat due to impact of temperature, currency, inflation

Apr 24, 2017 - 9:01 PM

The operating and business conditions for the first quarter of 2017 proved to be more challenging for Meralco compared with 2016

Meralco's profit flat due to impact of temperature, currency, inflation

Belle plans to expand City of Dreams

Apr 24, 2017 - 6:49 PM

Aside from expansion plans, Belle is also looking for a second site for a casino within Metro Manila or outside the capital

Belle plans to expand City of Dreams

PAL to gain 2 more Boeing 777s in December

Apr 24, 2017 - 4:50 PM

The incoming planes will be Philippine Airlines’ 9th and 10th of the flagship aircraft to be used primarily to service the Manila-London route

PAL to gain 2 more Boeing 777s in December

Artificial intelligence reinventing banking in PH

Apr 24, 2017 - 2:00 PM

Banks in the Philippines are starting to invest in artificial intelligence

Artificial intelligence reinventing banking in PH

United Airlines CEO Munoz won't head board in 2018

Apr 22, 2017 - 8:16 AM

'The Board believes that separating the roles of chief executive officer and chairman of the board is the most appropriate structure at this time,' says United Airlines

United Airlines CEO Munoz won't head board in 2018

BDO guards turf from giant ASEAN lenders

Apr 20, 2017 - 8:49 PM

Operating in a seamless regional economic bloc, the Philippines' largest lender is wary of bigger banks entering the Philippines

BDO guards turf from giant ASEAN lenders

Bloomberry's 2nd hotel, casino eyed for development in 2018

Apr 20, 2017 - 8:46 PM

The Razon-led company had hoped to start developing its 1.56-hectare property within Vertis North in Quezon City this year, but informal settlers are still occupying it

Bloomberry's 2nd hotel, casino eyed for development in 2018

BPI hits higher net income in Q1, makes progress vs ATM hackers

Apr 20, 2017 - 5:50 PM

The bank kicks off 2017 with a net income of P6.25 billion in the first quarter. It also announces the conviction of a member of an ATM skimming syndicate.

BPI hits higher net income in Q1, makes progress vs ATM hackers

Oil producers 'might have to' extend output cuts – Saudi minister

Apr 20, 2017 - 3:23 PM

Saudi Arabia's energy minister says oil-producing countries might have to extend output cuts agreed for the first 6 months of the year in order to achieve the desired rebalancing of the market

Oil producers 'might have to' extend output cuts – Saudi minister

PCC takes buyout battle with telcos to Supreme Court

Apr 19, 2017 - 3:55 PM

The Philippine Competition Commission wants to be allowed to review the transaction between San Miguel, PLDT, and Globe

PCC takes buyout battle with telcos to Supreme Court

SC affirms ruling in favor of SEC’s 60-40 foreign ownership rule

Apr 18, 2017 - 11:21 PM

The Supreme Court affirms its rejection of a petition that alleges the SEC guidelines on foreign ownership were ‘tailor-made’ to allow PLDT to skirt the cap set by the Constitution

SC affirms ruling in favor of SEC’s 60-40 foreign ownership rule

Duterte administration details 'ambitious' infra plan

Apr 18, 2017 - 9:35 PM

A railway connecting the cities of Davao, Surigao, and Cagayan de Oro as well as a subway linking Quezon City, Mandaluyong, Pasig, and Taguig are part of the government's basket of solutions to address the country's poor infrastructure

Duterte administration details 'ambitious' infra plan

Globe to focus 2017 spending on mobile data, LTE infrastructure

Apr 18, 2017 - 8:40 PM

The telco, which saw its 2016 net income take a slight hit, aims to put up 1,200 new LTE 700 MHz sites this year

Globe to focus 2017 spending on mobile data, LTE infrastructure

Duterte, Abe may sign Mega Manila subway deal in November

Apr 18, 2017 - 6:06 PM

Transportation Secretary Arthur Tugade says the two leaders may sign the deal when Prime Minister Shinzo Abe comes to Manila for the ASEAN Summit and Related Summits

Duterte, Abe may sign Mega Manila subway deal in November

SC issues TRO vs property tax hike in QC

Apr 18, 2017 - 5:48 PM

Under Quezon City Ordinance No. 2256, real property taxes in Quezon City are estimated to increase from 100% to 500% starting this year

SC issues TRO vs property tax hike in QC

Logistics boosts 2GO's net income in 2016

Apr 17, 2017 - 6:20 PM

The management of 2GO attributes the strong performance to 'sustained topline growth coupled with improved cost efficiencies'

Logistics boosts 2GO's net income in 2016

Tycoon and diplomat Alfonso Yuchengco dies

Apr 16, 2017 - 10:35 PM

Yuchengco, who also served as Philippine ambassador, took the family insurance business and turned it into a financial powerhouse

Tycoon and diplomat Alfonso Yuchengco dies

Duterte invites Bahraini businessmen to explore PH

Apr 15, 2017 - 5:07 PM

'You have my word. We will make the Philippines worth your while and your money,' President Rodrigo Duterte tells potential investors

Duterte invites Bahraini businessmen to explore PH

LIST: Canceled flights due to Crising

Apr 15, 2017 - 10:17 AM

Bookmark and refresh this page for the latest information on flight cancelations due to Tropical Depression Crising

LIST: Canceled flights due to Crising

Mercury Drug owner Mariano Que dies

Apr 15, 2017 - 7:06 AM

The 96-year-old Mariano Que began the business after World War II in 1945

Mercury Drug owner Mariano Que dies

FAST FACTS: How much meat does the Filipino consume?

Apr 14, 2017 - 2:41 PM

Most Catholics in the Philippines abstain from eating meat during the Holy Week

FAST FACTS: How much meat does the Filipino consume?

SEC rejects LBC's planned P1.2-B share sale

Apr 12, 2017 - 1:00 PM

(UPDATED) This is because LBC failed to disclose key information in its prospectus, including legal proceedings involving its major shareholders

SEC rejects LBC's planned P1.2-B share sale

PHINMA Energy pins hopes on DOE's new renewable energy policy

Apr 11, 2017 - 1:18 PM

With the tight competition in coal energy, the firm plans to focus on renewable energy projects and retail electricity as it waits for the DOE's next renewable energy incentive

PHINMA Energy pins hopes on DOE's new renewable energy policy

DoubleDragon more than doubles income in 2016

Apr 10, 2017 - 8:20 PM

The property firm will raise P9.7 billion this year through retail bond issue – the last fund-raising needed to complete its one million square meters of leasable space by 2020

DoubleDragon more than doubles income in 2016

Phoenix boss Dennis Uy replaces Tagud as head of 2GO

Apr 10, 2017 - 7:07 PM

The Davao-based Uy also serves as the chairman of Udenna Corporation, the parent firm of Phoenix Petroleum Corporation and Chelsea Logistics Corporation

Phoenix boss Dennis Uy replaces Tagud as head of 2GO

Luzon on power 'yellow alert' after series of earthquakes – DOE

Apr 10, 2017 - 4:08 PM

(UPDATED) The NGCP lifts 'red alert' status for the Luzon power grid past 3 pm, Monday, April 10. But the energy department warns the Luzon grid might not be spared from brownouts this summer due to tight electricity supply.

Luzon on power 'yellow alert' after series of earthquakes – DOE

ABS-CBN to complete 2 new sound stages in 2017

Apr 09, 2017 - 11:55 PM

'We're pretty excited about it because it really changes the game in terms of production quality and production efficiency,' says ABS-CBN chief strategy officer Raymund Miranda

ABS-CBN to complete 2 new sound stages in 2017

PLDT builds 1st 'Fibr City' in Mindanao

Apr 09, 2017 - 11:10 PM

General Santos is PLDT's first 'Fibr City' in Mindanao, allowing the telco to bring 'ultra fast' internet speed there

PLDT builds 1st 'Fibr City' in Mindanao

PH can be a leading halal exporter in 2 years – MinDA chief

Apr 09, 2017 - 9:30 AM

Philippine trade officials and businessmen eyeing the halal market participate at the Malaysia International Halal Showcase in Kuala Lumpur

PH can be a leading halal exporter in 2 years – MinDA chief

Del Monte Pacific lists the first dollar denominated shares in the Philippines

Apr 07, 2017 - 7:24 PM

The company seeks to raise funds in order to refinance a $350 million bridge loan from BDO Unibank Inc

Del Monte Pacific lists the first dollar denominated shares in the Philippines

Ayala’s IMI acquires British electronics manufacturer STI

Apr 07, 2017 - 4:32 PM

The deal marks the entry of Ayala’s manufacturing arm into the aerospace and defense industries and expands its manufacturing footprint into the United Kingdom

Ayala’s IMI acquires British electronics manufacturer STI

Bank schedule: Holy Week 2017

Apr 07, 2017 - 3:09 PM

(UPDATED) Here are the schedules of banking hours for various banks. This list will be updated as more banks make their announcements.

Bank schedule: Holy Week 2017

Alliance Global sees minimal income growth due to high spending, flat earnings

Apr 07, 2017 - 10:15 AM

Its consolidated revenues end flat at P139.7 billion in 2016, while reported net income climbs only 5% to P22.8 billion

Alliance Global sees minimal income growth due to high spending, flat earnings

Duterte tirade 'part and parcel’ of media work – Gabby Lopez

Apr 06, 2017 - 2:38 PM

(UPDATED) The ABS-CBN chairman downplays concerns that the current spat with the Philippine leader will complicate the company's looming franchise renewal

Duterte tirade 'part and parcel’ of media work – Gabby Lopez

Rental sales lift Megaworld's 2016 income

Apr 05, 2017 - 7:30 PM

The developer, however, does not provide its real estate sales figures for 2016, which is a big component of its consolidated revenues

Rental sales lift Megaworld's 2016 income

San Miguel may battle with Asahi, Kirin over Vietnam brewer Sabeco

Apr 04, 2017 - 8:45 PM

The Philippines' most diversified conglomerate will participate in the public bidding for the sale of an 89.59% stake in Sabeco, which will be conducted by the Vietnamese government

San Miguel may battle with Asahi, Kirin over Vietnam brewer Sabeco

AOL and Yahoo to be combined into a unit called Oath

Apr 04, 2017 - 5:02 PM

The merging of the two internet brands takes place after US telecoms giant Verizon consummates the purchase of Yahoo's internet business

AOL and Yahoo to be combined into a unit called Oath

How SM Investments acquired stake in 2GO

Apr 04, 2017 - 2:25 PM

The Sy-led conglomerate acquires a 34.5% stake in 2GO's parent company for $124.50 million

How SM Investments acquired stake in 2GO

Metro Pacific pouring P153B into public infrastructure 'til 2018

Apr 04, 2017 - 9:33 AM

The infrastructure conglomerate is set to start construction of the Cavite-Laguna Expressway and Cebu-Cordova Link Expressway, among others, in 2017

Metro Pacific pouring P153B into public infrastructure 'til 2018

Apple, Google, Amazon looking to acquire Toshiba's memory chip unit – report

Apr 03, 2017 - 5:27 PM

Toshiba is the world's number two supplier of memory chips for smartphones and computers behind South Korea's Samsung

Apple, Google, Amazon looking to acquire Toshiba's memory chip unit – report

PH app FleetShare offers 'unlimited rides' for P3,999 a month

Apr 03, 2017 - 5:25 PM

But the app has a couple of restrictions – destinations must be within 15 kilometers from pickup locations and only a passenger's first 40 bookings are given priority

PH app FleetShare offers 'unlimited rides' for P3,999 a month

Jollibee to set foot in Europe

Apr 03, 2017 - 3:37 PM

The Filipino fast-food giant plans to open its first Europe store in Italy, where around 200,000 Filipinos reside

Jollibee to set foot in Europe

PH AirAsia plans to go public in 2017 for fleet expansion

Apr 03, 2017 - 12:00 AM

The local airline wants to increase its fleet from 14 to 17 jets to accommodate new operations

PH AirAsia plans to go public in 2017 for fleet expansion

Housing prices outside Metro Manila still rising

Apr 02, 2017 - 11:30 PM

Condominium units are the most commonly purchased in the National Capital Region, while single detached houses are dominant in the provinces

Housing prices outside Metro Manila still rising

How the makers of Century Tuna stay afloat amid changing tastes

Apr 01, 2017 - 4:28 PM

The Philippines' largest canned food company moves quickly to address the changing trend in food through acquisitions and advertising

How the makers of Century Tuna stay afloat amid changing tastes

SM enters logistics through stake in 2GO

Mar 31, 2017 - 8:13 PM

SMIC's new 34.5% stake in 2GO marks the marriage of the Philippines' largest retailer with the country's largest logistics provider

SM enters logistics through stake in 2GO

Ayala, SM team up for alternate to EDSA

Mar 31, 2017 - 5:11 PM

The proposed P25-billion elevated expressway will be owned by both firms and built at no cost to the government

Ayala, SM team up for alternate to EDSA

Give NTC 'more teeth' for better Nat'l Broadband Plan – PCC

Mar 30, 2017 - 6:15 PM

How can the Philippines have cheaper and better internet? Here are recommendations from the Philippine Competition Commission.

Give NTC 'more teeth' for better Nat'l Broadband Plan – PCC

Cebu Pacific links up with KLM AFI to service expanding fleet

Mar 29, 2017 - 7:44 PM

The long-term contract covers a fleet of what is expected to be over 40 Airbus A320s

Cebu Pacific links up with KLM AFI to service expanding fleet