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Three Mindanao regions beat country's GDP in 2017

Apr 26, 2018 - 11:28 PM

The 3 Mindanao regions are Davao, Soccsksargen, and ARMM

Bulacan airport, 7 other projects get NEDA Board approval

Apr 26, 2018 - 5:55 PM

The NEDA Board, led by President Rodrigo Duterte, gives the go signal for the Bulacan International Airport and other projects

Cebu Pacific eyes 22 million passengers in 2018

Apr 26, 2018 - 5:10 PM

The budget carrier hopes flights to Dubai, Batanes, and Melbourne, among other destinations, will make up for canceled Boracay flights

Ayala-led Manila Water bags P400-million deal in Bulacan

Apr 26, 2018 - 3:05 PM

The water project is estimated to have delivered a billed volume of 22 million liters per day by the end of a 25-year period

Samsung Electronics Q1 net profits up by 52% year-over-year

Apr 26, 2018 - 10:57 AM

Strong demand for memory chips and the Galaxy S9 drive profits

SAMSUNG. A Samsung logo is displayed in a mall beneath the company's headquarters in the Gangnam district of Seoul on October 12, 2016. Photo by Ed Jones/AFP


Twitter posts second straight profitable quarter after years in the red

Apr 26, 2018 - 10:39 AM

The one-to-many social platform gains momentum with strong Q1 2018 earnings

MAKING NOISE. The Twitter logo appears outside the New York Stock Exchange (NYSE) in this file photo. The once heavily beleaguered social network posts strong growth for the second straight quarter. Photo by Andrew Burton/AFP


Facebook Q1 2018 profits show growth, no impact from privacy scandal

Apr 26, 2018 - 10:20 AM

Early signs show that the recent Cambridge Analytica scandal has had little effect on Facebook's growth, but bigger effects may be seen in succeeding quarters

CLOSE SCRUTINY. In spite of recent scandals that put the social media giant front and center of headlines, early signs show that the company sustains growth. Photo by Christophe Simon/AFP


Labor dispute resolved at Cavite electronics firm

Apr 25, 2018 - 6:55 PM

Lakepower Converter Incorporated agrees to reinstate 64 employees, after the Department of Labor and Employment intervened to settle their dispute

SM Group to expand, but not keen on telco

Apr 25, 2018 - 6:05 PM

SM Investments Corporation does not plan to go into the telecommunications industry, citing its lack of know-how and the high capital budget requirement

EXPANDING FOOTPRINT. SM president and chief executive officer Frederic DyBuncio says SM group is looking to invest in 'partners' in high-growth sectors. Photo by Rob Reyes/Rappler

Hybrid power plant to rise in Puerto Princesa Subterranean River National Park

Apr 25, 2018 - 3:59 PM

'It’s a dream come true for all of us here,' says Park Superintendent Elizabeth Maclang of the power plant which is expected to be operational by 2019

The longest underground river in Asia found in Puerto Princesa, Palawan, found in the Puerto Princesa Subterranean River National Park. Photo by  Giovanni G. Navata/Wikimedia Commons

BDO to finance modern jeepneys

Apr 25, 2018 - 3:05 PM

The bank will provide funding for 5 units dubbed Bagong Jeep, which will seat 24 and come with a speed limiter, CCTV camera, GPS, dashboard camera, and automated fare collection system

Image from BDO Unibank

Philippines to borrow more from foreign lenders

Apr 25, 2018 - 8:15 AM

Budget Secretary Benjamin Diokno says the government decided to hike the share of foreign borrowings to 25% of the total financing program for the next 5 years, from the initial 20%

Bayan Muna asks SC to clarify TRO on retail electricity suppliers

Apr 24, 2018 - 8:10 PM

The group says the 'sweeping' temporary restraining order earlier issued by the Supreme Court 'has given monopolies like Meralco the advantage'

Philippines hopes to pass rice tariffication law in 2018

Apr 24, 2018 - 7:00 PM

The rice tariffication bill aims to amend the present agricultural policy, which allows the National Food Authority to monopolize rice importation

RICE TARIFFICATION. Even if 250,000 MT of imported rice is scheduled to arrive in May, the government says this will not be able to meet the country's rice demand in the succeeding months

PSBank names Jose Vicente Alde as president

Apr 24, 2018 - 5:10 PM

Jose Vicente Alde replaces Vicente Cuna Jr, who is now vice chairman and will also assume another key post within the Metrobank Group

Grab drivers won't see rider destination starting April 27

Apr 24, 2018 - 5:00 PM

(UPDATED) But during wee hours of the night, drivers will have an option to see passenger destination

DESTINATION MASKING. Grab Philippines says the destination masking will initially be rolled out to 25% of Grab drivers with historically low acceptance rate. Rappler file photo

Philippine economy to lose up to P1.96 billion over Boracay closure

Apr 24, 2018 - 4:10 PM

Socioeconomic Planning Secretary Ernesto Pernia says the growth rates of Western Visayas 'will be trimmed'

ECONOMIC IMPACT. Upon the orders of President Rodrigo Duterte, Boracay Island will be closed to tourists for 6 months starting Thursday, April 26. Photo by Angie De Silva/Rappler

BSP launches InstaPay electronic fund transfer service

Apr 23, 2018 - 4:05 PM

Real-time fund transfers or payments of up to P50,000 per transaction, without limit, are allowed in a day

At least 25% of jobs in Southeast Asia may be automated in next 2 decades – ILO

Apr 23, 2018 - 1:25 PM

'Lower-skilled jobs in labor-intensive sectors will be increasingly displaced by technology that is cheaper and more accessible,' says the International Labour Organization

REPLACED? The International Labour Organization reported at least a quarter of jobs in Southeast Asia may facer automation in the next 2 decades. Photo by Hoang Dinh Nam/AFP

Grab sanctions nearly 500 drivers for excessive ride cancellation

Apr 23, 2018 - 1:15 PM

But Grab says the government's suspension of its P2-per-minute travel charge is also to blame for the mounting cancellations

EXCESSIVE CANCELLATION. Grab Philippines country head Brian Cu says drivers with 10% and above cancellation rate per week will face sanctions like suspension and complete banning from the platform. File photo by Darren Langit/Rappler

Zamboanga International Airport runway closed temporarily due to stalled plane

Apr 23, 2018 - 10:11 AM

The stalling of the aircraft due to a steering fault leads to a temporary closure of the Zamboanga International Airport runway, delaying a number of flights

A Cebu Pacific plane stops on the runway of the Zamboanga International Airport. Photo by Richard Falcatan/Rappler

Meralco a step closer to bagging Ghana power deal

Apr 22, 2018 - 11:05 PM

Meralco is expected to operate and manage Electricity Company of Ghana Limited, which supplies 80% of the population of Ghana

Indonesia's Go-Jek eyes Philippine ride-hailing market

Apr 22, 2018 - 8:35 PM

After Uber's exit, a dominant Indonesian startup sets its sights on the country. More and more local firms are also applying for accreditation.

Globe works to make GCash compatible with Alipay

Apr 22, 2018 - 7:55 PM

GCash and Alipay launch a new QR code for Chinese Alipay users in the Philippines, while Filipino GCash users would eventually be able to pay via their digital wallets in China, too

GCash-Alipay-integration Photo from Mynt.

NFA set to import 250,000 MT tons of rice in May

Apr 20, 2018 - 9:17 PM

The National Food Authority reopens government-to-government importation with invitations sent to the embassies of Thailand and Vietnam

LTFRB approves 4th ride-hailing company Go Lag

Apr 20, 2018 - 5:46 PM

Go Lag joins Hype and Hirna as the newest member of the transport network companies the LTFRB has accredited

NEW TNC. Go Lag joins the transport network companies accredited by LTFRB. Photo from Go Lag's Facebook page

LTFRB restores Grab's 2x price surge cap

Apr 20, 2018 - 5:40 PM

The Land Transportation Franchising and Regulatory Board restores Grab Philippines' surge pricing cap to 2 times the normal fare after it accredits new ride-hailing companies

HEARING. LTFRB restores Grab Philippines surge pricing cap at 2.0 times the fare.

BDO net income up 1.2% to P5.9 B in Q1 2018

Apr 20, 2018 - 5:33 PM

The Sy-led bank also targets P31 billion in net income for this year as it plans further expansion into under-served markets

Grab appeals suspension of P2-per-minute charge

Apr 20, 2018 - 2:36 PM

Grab Philippines says the suspension order is 'contrary to the law' and would 'cause irreparable damage' to riders and drivers

RECONSIDER. Grab Philippines' lawyer John Paul Nabua submits to the LTFRB a motion for reconsideration against the suspension of the P2-per-minute charges. Photo courtesy of Grab Philippines

Philippine inflation rate averages 3.8% for Q1 2018

Apr 20, 2018 - 10:40 AM

(3rd UPDATE) Inflation hits its highest quarterly average since 2014 as the tax reform law, higher oil prices, a weaker peso, and the tightening of US monetary policy take their toll

Dalian confident Chinese trains for MRT will pass weight test

Apr 19, 2018 - 8:10 PM

Li Depu of China-based Dalian says they are subjecting their trains to a test by the German-based TUV Rheinland to refute allegations they are too heavy for the MRT's tracks

OVERWEIGHT? Dalian CRRC general manager for overseas business Li Depu says their trains for Manila's MRT will pass the weight test conducted by TUV Rheinland. Photo by Aika Rey/Rappler

BPI to rebuild its headquarters in Makati

Apr 19, 2018 - 8:00 PM

When the demolition of the headquarters begins, staff there will likely be moved to various locations across Metro Manila

REBUILDING. BPI it is set to start demolishing its headquarters at the corner of Ayala Avenue and Paseo de Roxas, next year. Photo by LeAnne Jazul/Rappler

DENR gives 75 business owners in Coron a month to remove illegal structures

Apr 19, 2018 - 7:22 PM

DENR Mimaropa Regional Director Natividad Bernardino warns establishment owners not to deal with impostors posing as environment officials and are out to extort from them

BPI expects to benefit from higher interest rates, tax reform, infra buildup

Apr 19, 2018 - 6:50 PM

In 4 to 5 years, BPI expects to raise the share of SME, retail, and microfinance loans to 35%, and reduce the share of corporate loans to 65%

EXPANSION PLANS. BPI plans to allocate P50 billion to accelerate the growth of small and medium enterprise (SME), boost digitalization efforts, enhance deposit franchise and delivery infrastructure, as well as improve its microfinance business. Photo by LeAnne Jazul/Rappler

Globe seeks new revenues from eSports

Apr 19, 2018 - 6:35 PM

With the launch of Globe Gaming, the telco looks to repeat its strategy of building new revenue streams around specific content, similar to what it has done with music, videos, and live events

Globe launches Globe Gaming on April 19. Photo by Chris Schnabel

Grab to appeal LTFRB suspension of P2-per-minute travel charge

Apr 19, 2018 - 5:15 PM

'If our drivers lose income because of traffic in Metro Manila, they might stop working as a TNVS driver and that would mean fewer vehicles to serve the public,' says Grab Philippines head Brian Cu

RIDE-HAILING. Brian Cu speaks during press conference in Quezon City on Wednesday, April 18, 2018, after the hearing on the alleged illegal fares. File photo by Darren Langit/Rappler

Taxes on sugary drinks hurt sari-sari stores – survey

Apr 19, 2018 - 4:40 PM

A Nielsen study shows consumers have been drinking less sugary drinks and even taking items out of their grocery baskets, as prices rose with the implementation of the tax reform law

PRICE HIKES.The retail price of a one-liter bottle of Coca-Cola, for instance, is projected to increase to P43 from the current P31, due to the tax reform law. Photo by Chrisee Dela Paz/Rappler

Gabby Lopez elected ABS-CBN chairman emeritus

Apr 19, 2018 - 11:25 AM

Eugenio 'Gabby' Lopez III is succeeded as chairman by Martin 'Mark' Lopez

LTFRB suspends Grab’s P2-per-minute travel charge

Apr 19, 2018 - 11:06 AM

(3rd UPDATE) Land Transportation Franchising and Regulatory Board Chairman Martin Delgra III says the suspension of the travel charge is valid 'until further order'

ILLEGAL CHARGES? Grab is ordered to appear before the LTFRB on April 17, 2018, to explain its P2-per-minute travel charge to riders since mid-2017.

Pacquiao to launch PAC Token, his own cryptocurrency

Apr 18, 2018 - 11:02 PM

Senator Manny Pacquiao, one of the world's most successful boxers, is the latest athlete to launch a virtual currency, following Floyd Mayweather and former England striker Michael Owen

PACQUIAO COIN. Filipino boxing idol Manny Pacquiao (left) listens as Jeffrey Lin, Chief Executive Officer (CEO) of Singapored-based Global Crypto Offering Exchange (GCOX), speaks during an interview with AFP in Manila on April 18, 2018. Photo by Ted Aljibe/AFP

LTFRB accredits ride-hailing companies Hype and Hirna

Apr 18, 2018 - 9:05 PM

(UPDATED) The accreditation of Hype Transport Systems Incorporated and Hirna Mobility Solutions Inc is valid for two years

ACCREDITATION. LTFRB signs transport network firm Hype's accreditation papers. File photo by Rambo Talabong/Rappler

Ayala Land outlines PH, Malaysia expansion in 2018

Apr 18, 2018 - 8:05 PM

The real estate firm's plans for the year include 4 malls and 3 office buildings in the Philippines, as well as a development in Klang Valley, Malaysia

LIST: What are the top 10 schools for employers?

Apr 18, 2018 - 7:07 PM

While majority of schools listed are found in Manila, results from the report show two new entries from schools outside of Metro Manila: University of San Carlos and University of Cebu

TOP SCHOOLS. Most employers still look at the reputation of graduates' alma matter, according to JobStreet.com's 2018 Fresh Graduates Report.

PLDT not in hurry to fully divest from Rocket Internet

Apr 18, 2018 - 6:50 PM

PLDT's Manuel Pangilinan says his company is playing it by ear

NO RUSH. PLDT chief Manuel Pangilinan says there's no pressure on the part of PLDT to dispose its remaining one third of Rocket Internet shares. Photo by Alecs Ongcal/Rappler

JobStreet 2018 report: Law, communications, journalism top 3 highest paying jobs for fresh grads

Apr 18, 2018 - 6:49 PM

4 new jobs also made it to the list year including: human resources, marketing/business development, customer services, and quality control/assurance

FRESH GRADUATES. JobStreet.com lists the top 10 highest paying jobs for fresh graduates.

No further job cuts at TV5 after better financial performance

Apr 18, 2018 - 4:50 PM

By shifting its focus to sports and news, the 3rd-ranked broadcast network is nearing its target of finally being in the black

JobStreet 2018 report: Only 24% of employers willing to hire K to 12 graduates

Apr 18, 2018 - 4:10 PM

According to JobStreet.com's 2018 Fresh Graduate Report, 35% of employers are not yet ready to hire K to 12 graduates, while 41% say their companies are still evaluating it

Grab: Riders not informed of P2-per-minute travel charge

Apr 18, 2018 - 2:55 PM

Grab Philippines head Brian Cu maintains the travel charge is legal, and 'went to the drivers, it was reinvested by way of incentives or promos for passengers'

NOT INFORMED. Grab Philippines head Brian Cu admits riders were not informed of the P2-per-minute charge they included in their fare scheme mid-2017. Photo by Darren Langit/Rappler

Cebu Landmasters to build 1st Radisson Red hotel in PH

Apr 18, 2018 - 2:00 PM

The 146-room hotel geared towards millennials will rise at the Astra Centre in Mandaue City, Cebu, and is set to open in late 2021

JobStreet 2018 report: Work ethic, communication skills important for employers

Apr 18, 2018 - 1:12 PM

According to JobStreet.com's 2018 Fresh Graduate Report, employers are also looking for team players