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#AskTheTaxWhiz: Will employees benefit from TRAIN?

Nov 17, 2017 - 5:30 PM

The Philippine Tax Whiz proposes a salary tax exclusive to employees

PH, Bank of China seal deal for $200-M 'Panda bond' offering

Nov 17, 2017 - 4:57 PM

The Philippine government will be the issuer while the Bank of China will be the lead underwriter in a 1.2 billion RMB offering aimed at Chinese investors

PLDT to nearly double int'l submarine cable capacity to 8.4 Tbps by 2019

Nov 17, 2017 - 2:44 PM

By the end of this year, PLDT’s submarine cable capacity will be 4.49 Tbps – up 140% from 2015

Singapore suspends trade ties with North Korea

Nov 16, 2017 - 8:53 PM

Singapore suspends trade ties with North Korea in the latest move by a country to implement UN sanctions to curb Pyongyang's nuclear weapons program

TRADE HUB. In this file photo, a worker (C) monitors as containers are lifted onto a trailer at Keppel port terminal in Singapore on January 18, 2016. Roslan Rahman/AFP

Net income of Chelsea Logistics quadruples on 2GO acquisition

Nov 16, 2017 - 2:12 PM

The increase in net income is driven by Chelsea Logistics Holdings Corporation's acquisition of two more logistics companies and shares in the 2GO Group

PRIME MOVER. The shipping and logistics business of the Udenna Group started in 2006 with the acquisition of a tanker in support of the operations of Phoenix Petroleum Philippines Incorporated. Photo from Chelsea Logistics

Philippines overtakes China in economic growth again

Nov 16, 2017 - 12:45 PM

In the 3rd quarter of 2017, the Philippine economy's 6.9% growth performs better than China and neighboring ASEAN countries

Philippine GDP grows faster than expected by 6.9% in Q3 2017

Nov 16, 2017 - 10:16 AM

(3rd UPDATE) The Philippines posts a 'spectacular' 6.9% economic growth in the 3rd quarter despite slower consumption

Remittances drop by 8.3% in September amid Saudi repatriation

Nov 15, 2017 - 9:30 PM

Despite this, total cash remittances for January to September 2017 are still up 3.8% to $20.78 billion

Philippine GDP growth in Q2 2017 raised to 6.7%

Nov 15, 2017 - 8:55 PM

The top 3 contributors to the upward revision are financial intermediation; construction; and real estate, renting, and business activities

Philippine gov't, Facebook partner for 'ultra high-speed' broadband

Nov 15, 2017 - 8:15 PM

The government says the planned Luzon Bypass Infrastructure will have 'spectrum equivalent to at least two million Mbps,' nearly equal to the combined capacity of Globe and PLDT

LUZON BYPASS INFRA. The deal involves two cable landing stations connected by a 250-kilometer long cable network corridor, which will provide terrestrial bypass route for international submarine cable owners seeking diversity from the Luzon Strait. File photo

'You're a woman, what do you know about cars?'

Nov 15, 2017 - 7:30 PM

Maria Fe Perez-Agudo, head of the Philippine arm of Korean carmaker Hyundai, shares her experience of male bosses intimidating her

TOP EXEC. Hyundai Asia Resources Inc's Maria Fe Perez-Agudo. Agudo's photo courtesy Hyundai Philippines

EDC net income drops by 6.5% in 1st 9 months due to Leyte earthquake

Nov 15, 2017 - 7:15 PM

The core net income of the renewable energy producer falls to P6.6 billion for the January to September period as the quake in July disrupted operations of its largest power plant

Rubbing elbows with ASEAN business giants? Here's the price

Nov 15, 2017 - 3:36 PM

On the sidelines of the 31st ASEAN Summit in Manila, some of the region's most prominent businessmen get the chance to meet and network together

SEA OF ATTENDEES. Photo by Chrisee Dela Paz/Rappler

Sy, Zobel still in, Aboitiz out of Forbes' list of Asia's richest families

Nov 15, 2017 - 2:09 PM

Two prominent Filipino clans are included in the magazine's annual list of the 50 wealthiest business dynasties in the region

BILLION-DOLLAR CLAN. Sy and Zobel de Ayala families are Philippines' two richest clans. Photos from Ayala's and SM Investments's official website

Philippines is last piece of ASEAN puzzle for CIMB

Nov 15, 2017 - 11:37 AM

Malaysian banking giant CIMB Group seeks a license to operate in the Philippines to complete its market positioning as an 'ASEAN bank'

Venezuela 'selective default' declared, govt insists it is paying up

Nov 15, 2017 - 8:06 AM

Standard & Poor's declares Venezuela in 'selective default' after it failed to make $200 million in payments on two global bond issues by the end of a 30-day grace period on November 12

LINING UP FOR CASH. People queue to withdraw money from an ATM in Caracas on November 14, 2017. Federico Parra/AFP

India's Modi hails the Philippines as 'services powerhouse'

Nov 14, 2017 - 9:10 PM

The Philippines challenges India's dominance as the top business process outsourcing destination in the world

INDIA'S ACT EAST POLICY. Prime Minister Narendra Modi pitches India to business leaders at the ASEAN Business and Investment Summit as part of his Act East Policy. Photo from RTVM feed

MSMEs must benefit from free trade, Robredo tells ASEAN businessmen

Nov 14, 2017 - 7:20 PM

Vice President Leni Robredo says technology is a 'wild card' that both rich and poor countries must learn to decode to help small-scale entrepreneurs

INCLUSIVE GROWTH. Vice President Leni Robredo speaks at the ASEAN Business and Investment Summit on November 14. Photo by Angie de Silva/Rappler

Filinvest, JG Summit tap Changi as partner in Clark Airport bid

Nov 14, 2017 - 6:33 PM

The consortium of Gotianuy and Gokongwei groups appoints Changi Airports International as technical partner for its new P839 billion proposal to develop and operate Clark Airport

Pangilinan still optimistic over oil hunt in West Philippine Sea

Nov 14, 2017 - 6:15 PM

As ASEAN countries and China prepare to craft a Code of Conduct, Filipino tycoon Manuel Pangilinan is hopeful potential oil and gas reserves in the disputed waters can eventually be tapped

HOPEFUL. 'We are quite optimistic that something could happen, but that is entirely beyond our control,' PXP Energy chief Manuel Pangilinan says. Photo by Angie de Silva/Rappler

HIGHLIGHTS: ASEAN Business and Investment Summit 2017, November 14

Nov 14, 2017 - 4:00 PM

Watch the highlights of the ASEAN Business and Investment Summit

PH, Russia mull Northern Luzon railway corridor, new direct flights

Nov 14, 2017 - 3:40 PM

The two countries are exploring direct flights between their capitals and development assistance for the Philippines' Northern railway corridor

BILATERAL TALKS. Transportation Secretary Arthur Tugade and Russian Minister for Transport Maksim Sokolov discuss possible areas of cooperation. Photos from Department of Transportation

New Zealand PM Jacinda Ardern oversees 3 new agreements with PH

Nov 14, 2017 - 2:53 PM

The Philippines and New Zealand look to cement a growing relationship with the new agreements that will boost tourism and trade between the two countries

PH one step closer to Japan loan for Metro Manila subway

Nov 14, 2017 - 12:06 PM

(UPDATED) Officials of the Philippines and Japan exchange notes on the highly-anticipated subway project and 4 other deals

President Rodrigo Roa Duterte gives a warm welcome to Japan Prime Minister Shinzo Abe prior to the start of their bilateral meeting at the Philippine International Convention Center in Pasay City on November 13, 2017. ROBINSON NIÑAL JR./PRESIDENTIAL PHOTO

Filipino unicorn sets eyes outside ASEAN

Nov 14, 2017 - 11:35 AM

Revolution Precrafted, the first Filipino startup valued at more than $1 billion, wants to establish a presence in 18 countries

Qualcomm rejects Broadcom's $130B merger bid

Nov 14, 2017 - 10:51 AM

The chip-maker spurns what would've been the largest ever merger offer in the technology sector

SNAPDRAGON. The US tech firm owns the Snapdragon brand, found in majority of the world's smartphones today. Image from Qualcomm


Qualcomm rejects $130B Broadcom merger bid

Nov 14, 2017 - 10:49 AM

The proposal 'significantly undervalues Qualcomm relative to the company's leadership position in mobile technology and our future growth prospects,' Paul Jacobs, Qualcomm's executive chairman, says in a statement

Japan reaches out to ASEAN startups

Nov 13, 2017 - 10:20 PM

Following China's lead, Japan is starting to aggressively invest in startups in Southeast Asia, creating opportunities mainly for firms focused on the Internet of Things and healthcare

Democracy, infrastructure development not a good mix – Razon

Nov 13, 2017 - 9:35 PM

Enrique Razon Jr says 'countries with the best infrastructure in the world are dictatorships'; Jaime Augusto Zobel de Ayala says he won't go that route

PH wants free trade agreement with U.S.

Nov 13, 2017 - 6:01 PM

At the bilateral meeting between Trump and Duterte, the Philippine side says it's about time a free trade agreement is sealed between the two allies

In ASEAN business summit, Razon asks PH to 'just get things done'

Nov 13, 2017 - 6:00 PM

The port magnate and casino operator says the Philippines can achieve larger economic gains than its neighbors by improving its infrastructure

FOCUS ON OWN. 'Once and for all, we (the Philippines) really have to focus and invest in our own infrastructure,' tycoon Enrique Razon Jr says. Photo by Adrian Portugal/Rappler

$60 billion a year needed to address ASEAN infrastructure gap – ADB

Nov 13, 2017 - 3:25 PM

To fill the region's massive infrastructure gap, some businessmen recommend the public-private partnership (PPP) route

INFRA GAP. Citing an ADB study, ADB's Diwakar Gupta saya a 10% increase in energy distribution would mean 7% increase in exports; while a 10% increase in trasnportation leads to 2% increase in exports. Photo by Adrian Portugal/Rappler

HIGHLIGHTS: ASEAN Business and Investment Summit 2017, November 13

Nov 13, 2017 - 10:55 AM

Watch the highlights of the ASEAN Business & Investment Summit

Uber gives green light for sale of stake to Japan's SoftBank

Nov 13, 2017 - 10:50 AM

(UPDATED) 'We've entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment,' a company statement says

Philippines aims to identify 300 new eco zones in January 2018

Nov 12, 2017 - 11:30 PM

These would include mega economic zones, spanning 1,000 to 4,000 hectares

ECO ZONES. Location of some of the Philippines' economic zones, according to PEZA. Image grabbed from PEZA website

Duterte to pour 'billions of pesos' into funding for MSMEs

Nov 12, 2017 - 9:00 PM

'Maybe P50 billion each is okay?' the Philippine president asks before an audience of diplomats and businessmen from all over Southeast Asia

Over 140 business leaders to mentor ASEAN's micro, small entrepreneurs

Nov 12, 2017 - 8:45 PM

Under the ASEAN Mentorship for Entrepreneurs Network (AMEN), the entrepreneurs will be given knowledge and tools to penetrate global value chains

ASEAN MENTORS. After the forum, some of the over 140 mentors huddled to discuss the implementation of the program. Screenshot from Facebook live

ASEAN, Hong Kong sign deal in 'vote for open trade'

Nov 12, 2017 - 7:48 PM

The signing takes place during the sidelines of the ASEAN summit in Manila

FREE TRADE. Southeast Asian nations and Hong Kong sign an agreement for open trade. Photo by LeAnne Jazul/Rappler

HIGHLIGHTS: ASEAN Business and Investment Summit 2017, November 12

Nov 12, 2017 - 7:25 PM

Watch the highlights of the ASEAN Mentorship for Entrepreneurs Network launch

Suu Kyi pushes for more women in top business roles

Nov 12, 2017 - 7:00 PM

(UPDATED) But critics call Myanmar's de facto leader a hypocrite, amid sordid accounts of Rohingya women being raped in Myanmar

WHO RUN THE WORLD? Myanmar State Counsellor Aung San Suu Kyi tells business leaders at the ASEAN Summit that women should be given more decision-making roles. Photo by Angie De Silva/Rappler

Which ASEAN economy has the most developed infrastructure?

Nov 12, 2017 - 7:49 AM

Ahead of the ASEAN Summit in Manila, Rappler looks at how economies in the region compare in terms of infrastructure development

Graphics by Raffy de Guzman/Rappler

Who are the richest families in ASEAN?

Nov 10, 2017 - 9:00 PM

All together, the estimated net worth of ASEAN’s richest families is about $222.86 billion

BILLIONAIRES. Several members of the richest families in ASEAN are also some of the richest people in the world.

ABS-CBN net income down 20% to P2.26 billion in 1st 9 months

Nov 10, 2017 - 6:55 PM

But the media conglomerate's net income for the 3rd quarter of the year stands at P1.01 billion, up 38% from the same quarter last year

Ayala Corp net income up 39% to P8.2B in Q3 2017

Nov 10, 2017 - 4:49 PM

The result means that AC’s net income for the first 9 months of 2017 is up 18% to P23.2 billion, primarily because of the strong performances of Ayala Land and AC Energy

BSP keeps interest rates unchanged

Nov 09, 2017 - 9:50 PM

The Bangko Sentral ng Pilipinas says there is no need to change monetary settings at the moment as there is enough credit and liquidity in the market

MANAGEABLE. Despite faster rise in consumer prices, Bangko Sentral chief Nestor Espenilla Jr says monetary authorities believe future inflation path would stay within target. Photo by Inoue Jaena/Rappler

Bank schedules during 2017 ASEAN Summit

Nov 09, 2017 - 7:15 PM

Banks in Metro Manila release advisories on their operating hours for the duration of the Association of Southeast Asian Nations (ASEAN) Summit

PLDT increases target recurring core income for 2017

Nov 09, 2017 - 5:05 PM

PLDT chief Manuel Pangilinan says his group is confident it can raise recurring core income guidance by half a billion pesos to P22 billion this year

HIGHER TARGET. 'We are quite confident that we can raise our core guidance by half a billion pesos to P22 billion of recurring core income in the year 2017,' PLDT chairman Manuel Pangilinan says. Photo by Alecs Ongcal/Rappler

Bad weather results in cancelled flights on Thursday, Nov 9

Nov 09, 2017 - 9:46 AM

The Manila International Airport Authority announces the cancellation of some flights due to bad weather

What’s next for the ASEAN economy in a post-American world?

Nov 09, 2017 - 9:15 AM

The US-led global order that fostered stability and globalization is crumbling and ASEAN economies will have to be linked closer than ever to thrive in the uncertain new world

SEC files complaint vs Calata over botched Cebu casino project

Nov 08, 2017 - 8:20 PM

Calata Corporation executives are accused of making false claims about the project to boost the company's share price

BOTCHED DEAL. SEC accuses Calata executives of making false claims on approval of gaming license for a Cebu project. Image of supposed Cebu gaming complex from Calata