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Lufthansa chief eyes up to 78 Air Berlin planes

Sep 21, 2017 - 3:49 PM

Top priority is 'stabilizing' the status of some 38 aircraft Lufthansa already 'wet-leases' – including their crews – from the smaller firm

The logos of German airlines Air Berlin (R) and Lufthansa (L) are pictured on aircrafts on the tarmac at the Tegel airport in Berlin on August 15, 2017. Odd Andersen/AFP

Landmark EU, Canada trade deal enters into force

Sep 21, 2017 - 12:17 PM

Observers have said the Comprehensive Economic and Trade Agreement (CETA) could set a model for future ties between Britain and the EU after Brexit

This file photo taken on September 20, 2016 shows a man holding a placard depicting a no entry sign with the TTIP and CETA logos, during a demonstration outside the European Union headquarters in Brussels. John Thys/AFP

Google to buy part of Taiwan smartphone maker HTC for $1.1B

Sep 21, 2017 - 11:28 AM

(UPDATED) The agreement will give Google more control of its mobile handset hardware as it seeks to bolster its presence in a market dominated by Apple and Samsung

This photo taken on June 6, 2014 shows a man walks past a billboard showing the latest HTC M8 smartphone in Taipei. Sam Yeh/AFP

Senate files version of tax reform bill seen to exempt 3.2 M Filipinos from income tax

Sep 20, 2017 - 11:23 PM

The Senate ways and means committee estimates that its version of the bill will earn the government P148 billion in revenue despite exempting an estimated 64% of workers from paying income tax

Toys 'R' Us in PH unaffected by U.S. toy store chain's bankruptcy filing

Sep 20, 2017 - 8:25 PM

Operated by the Gokongweis, Toys 'R' Us Philippines clarifies it is not part of Toys 'R' Us Incorporated's bankruptcy filing in the United States

NORMAL OPERATIONS. It is business as usual for Toys 'R' Us Philippines, which operates 34 stand-alone stores and 44 Toybox outlets inside Robinsons Department Store branches. File photo

After 2GO, SM group not looking to buy other logistics firms

Sep 20, 2017 - 7:45 PM

The president of SM Investments Corporation says their plate is 'full' when it comes to the logistics sector

PLATE IS FULL. 'No. At this time, we are fairly new in 2GO. We believe there is a lot of growth opportunities in 2GO,' SMIC chief Frederic DyBuncio replies when asked if SM is interested in other logistics firms. Photo by Rob Reyes/Rappler

Max's Restaurant set to open in Winnipeg, Canada in 2018

Sep 20, 2017 - 5:50 PM

It will be the 5th Max's Restaurant branch in Canada, following branches in Vancouver, Toronto, Scarborough, and Edmonton

Normal working day for BSP, banks on September 21

Sep 20, 2017 - 4:50 PM

The rate-setting meeting of the Bangko Sentral ng Pilipinas' Monetary Board will also push through on Thursday, September 21

BUSINESS AS USUAL. BSP Governor Nestor Espenilla Jr issues memorandum no. M-2017-09, announcing the central bank's clearing and settlement, cash servicing, as well as treasury operations would observe normal operations on Thursday. File photo by BSP

Davaoeños to export lapu-lapu to Xiamen

Sep 19, 2017 - 9:50 PM

Once the fish fry sent here from China have become fully-grown and have reproduced, they will be exported back to Xiamen, where the market price of the said commodity hovers at around P3,000 per kilo

A CATCH. Importers from Xiamen are preparing to ship 100,000 grouper fry from the fishermen in Davao. Rappler file photo

Bayan Muna asks SC to compel telcos to refund P18-B 'excess' text fee

Sep 19, 2017 - 9:49 PM

The petition covers Globe Telecom, Smart Communications Incorporated, and Digitel Philippines Incorporated, which is the operating company of Sun Cellular

INTERVENTION. Bayan Muna wants the Supreme Court to intervene and green light the refund order against telecommunication companies.

After a decade, construction of MRT-LRT Common Station to begin in September

Sep 19, 2017 - 9:10 PM

The coveted project has seen 3 transportation secretaries come and go. Finally, the construction will start on September 29.

Youth highly optimistic despite global uncertainty – study

Sep 19, 2017 - 8:20 PM

While lack of access to education, skills, experience, and decent work remain, the opportunity to provide young people with the knowledge and skills to succeed is also present

PATHWAY TO PROGRESS. Aneth Lim, director for public affairs and corporate citizenship at Citi Philippines says the youth remain optimistic despite the changing global political and economic landscape.

Resorts World Manila sees recovery, fast-tracks expansion

Sep 19, 2017 - 4:30 PM

Foot traffic at the Resorts World Manila complex is almost back up to pre-attack levels, while an expansion of its casino area is eyed for completion by December

Toys''R''Us files for bankruptcy

Sep 19, 2017 - 4:00 PM

Retailer Toys ''R'' Us files for Chapter 11 bankruptcy protection in a US court, the company says, amid heavy debt and a tough environment for bricks and mortar stores

TOY HAVEN. In this file photo, shoppers buy gifts at the Toys''R''Us store during early Black Friday events on November 24, 2016 in Paramus, New Jersey. Eduardo Munoz Alvarez/Getty Images/AFP

Jollibee eyeing British food chain Pret a Manger – report

Sep 19, 2017 - 12:47 PM

Jollibee is reportedly in talks for a possible $1-billon takeover of British sandwich chain Pret a Manger

STRANGE COMBINATION. Jollibee, homegrown fast food chain popular for its fried chicken and sweet-style spaghetti, is reportedly looking at acquiring Pret A Manger, a British company known for its organic coffee and fresh sandwiches. File image

Senate OKs bill requiring economic managers to report to Congress

Sep 19, 2017 - 8:06 AM

The bill will mandate the Department of Finance, National Economic and Development Authority, the Department of Budget and Management, and the Central Bank to report biannually to Congress on fiscal and monetary policies

REPORT. The Senate has passed the bill seeking to require the country's economic managers to report biannually to Congress. Malacañang file photo

Security Bank, RCBC add anti-fraud measures to debit cards

Sep 18, 2017 - 10:40 PM

Both banks add a remote lock/unlock feature to guard against unauthorized transactions

PH stocks break 8,200 level, post 3rd straight all-time high

Sep 18, 2017 - 8:35 PM

Local stocks post a new milestone just before the Chinese ghost month ends on Tuesday, September 19

NEW MILESTONE. On Monday, September 18, the Philippine Stock Exchange index (PSEi) close at a record high of 8,294.14, up by 113.29 points or 1.4% from Friday, September 15. Photo courtesy of PSE

Pangilinan-Ayala group poised to bag MRT3 original proponent status

Sep 18, 2017 - 7:00 PM

Other private groups will be able to submit competing offers under a Swiss challenge, while the original proponent, the Pangilinan-Ayala group, would be given the right to match them

HURDLES. Once the Pangilinan-Ayala group is given the original proponent status and hurdled the Swiss challenge, it expects to take over the operations, maintenance, and rehabilitation of MRT3 by early 2018. Photo by Martin San Diego/Rappler

Max's Group bringing Sizzlin' Steak to UAE

Sep 18, 2017 - 6:15 PM

The Philippine casual dining giant teams up with Kasamar Holdings to open 7 Sizzlin' Steak outlets in the United Arab Emirates over the next 5 years

Megawide's proposed East-West Railway to cost $1 billion

Sep 18, 2017 - 4:50 PM

The railway would be an elevated 9.4-kilometer train line from Diliman, Quezon City to Lerma, Manila

FIRST RAIL DEAL. Megawide will exercise its option to buy up to 60% of the equity of East-West Railway Project upon incorporation of special purpose vehicle. Photo courtesy of Megawide

GM to recall 2.5M vehicles in China over Takata airbags

Sep 18, 2017 - 3:10 PM

GM and its joint venture partner Shanghai GM will start withdrawing vehicles fitted with the potentially faulty airbags beginning next month and will include Chevrolet and Buick cars

PRODUCTION LINE. In this file photo, laborers work in the Qingdao branch of SAIC-GM-Wuling Automobile in Qingdao, east China's Shandong province on January 9, 2014. Stringer/AFP

PH external debt drops by 1.8% to $72.5 billion in Q2 2017

Sep 17, 2017 - 9:20 PM

The end-June 2017 level is also down by $5.2 billion from the same time last year

Equifax executives step down after major hack

Sep 16, 2017 - 11:46 PM

The Equifax chief information officer and head of security will retire, effective immediately, as part of an 'ongoing review of the cybersecurity incident' that resulted in the theft of personal data from 143 million US customers.

Drug war, Maute terrorists 'rising' risks for Philippines – Moody's

Sep 16, 2017 - 6:17 PM

Moody's also cited "continued uncertainties" over Duterte's proposed comprehensive tax reform law that Congress had yet to pass

DRUG WAR. 3 suspected drugs personalities were apprenhended by cops while 3 others died after a shootout in Maypajo, Caloocan City on September 30, 2016. Photo by LeAnne Jazul/Rappler

PH to add more sectors allowing 100% foreign ownership

Sep 14, 2017 - 10:15 PM

I want to be more aggressive and to be at par with other ASEAN countries says Socioeconomic Planning Secretary Ernesto Pernia

MORE AGGRESSIVE. 'I want a more aggressive liberalization. The draft list is too puny in terms of changes. I want to be more aggressive and to be at par with other ASEAN countries,' Socioeconomic Planning Secretary Ernesto Pernia says. File photo

August net outflows hit $58M as ghost month begins

Sep 14, 2017 - 8:40 PM

Tensions between the US and North Korea mixed Q2 corporate results and political developments also contribute to investor hesitancy according to the Bangko Sentral ng Pilipinas

Philippine stocks post all-time high amid upbeat U.S. market

Sep 14, 2017 - 5:10 PM

UPDATED Aside from upbeat US data there is one foreign broker who released a buy recommendation on Philippine property shares says an analyst

RECORD HIGH. The PSEi closed at 8,144.91, up by 91.03 points or 1.13% from Wednesday, September 13's close. Photo from PSE

Integrity, innovation, collaboration: New challenges and opportunities for advertisers

Sep 14, 2017 - 5:00 PM

Publishers and brands have an increasing responsibility to focus on truth, rather than ‘going viral,’ experts said

UN honors Zobel de Ayala as pioneer of sustainable development

Sep 14, 2017 - 4:55 PM

Jaime Augusto Zobel de Ayala becomes the first business leader from the Philippines and Southeast Asia to be recognized by the United Nations for efforts in championing sustainability

PHINMA Energy eyes 45-megawatt solar plant in Batangas

Sep 13, 2017 - 8:30 PM

The company wins a solar service contract for the right to explore and develop a 486 hectare area in Batangas from the Department of Energy

PSE withdraws PCC notification on PDS merger, to refile soon

Sep 13, 2017 - 6:08 PM

Once it completes information needed PCC says PSE intends to refile its PDS merger notification as soon as possible

MERGER SETBACK. The long-planned merger between the country's securities and bond markets is a priority for PSE president and chief executive officer Ramon Monzon. File photo

SM Prime to open mall in Puerto Princesa, Palawan

Sep 13, 2017 - 4:50 PM

Once the mall opens on Friday September 15 it will be competing with Robinsons Place Palawan Chinatown Center Palawan NCCC Mall and LRC 908 Market Mall

ITS FIRST. SM City Puerto Princesa will have 3 levels of retail and dining floors, a supermarket, 3 158-seater SM digital cinemas, and two 48-seater Director's Club cinemas. File photo Rappler

Ayala Land's 'next BGC' Arca South to take shape by 2019

Sep 13, 2017 - 1:05 PM

The real estate firm is applying the lessons learned from Bonifacio Global City as it develops another mixed use estate in Taguig City

U.S. stocks end at records; Strong pound weighs on FTSE

Sep 13, 2017 - 9:25 AM

World stock markets mostly rise with Wall Street scoring fresh records as concerns over North Korea and US hurricanes faded

UP. A man stands in front of a stock quotation board flashing the Nikkei 225 key index of the Tokyo Stock Exchange in Tokyo on September 12, 2017. Kazuhiro Nogi/AFP

ABS-CBN begins cinema management as part of DoubleDragon partnership

Sep 12, 2017 - 10:40 PM

The media giant opens two of the 10 planned cinemas it will operate in DoubleDragon Properties CityMalls

Photo courtesy of ABS-CBN

BPI ties up with WorldRemit to target OFW remittances

Sep 12, 2017 - 8:15 PM

The partnership with the UK based firm allows BPI to expand its international fund transfer service offerings

NEDA Board approves Metro Manila Subway, longest railway

Sep 12, 2017 - 7:30 PM

UPDATED These big ticket projects will be funded via official development assistance ODA from either China or Japan

BETTER TRANSPORT. These big-ticket projects form part of Mega Manila Dream Plan, a transport network roadmap seen to decongest the country’s capital. Images courtesy of www.build.gov.ph

Insolvent Air Berlin scraps flights over 'ill' pilots

Sep 12, 2017 - 5:19 PM

Air Berlin filed for insolvency in mid August after its main shareholder Gulf carrier Etihad pulled the plug on its cash lifeline

BARELY SURVIVING. An Air Berlin plane is pictured on the tarmac at the Tegel airport in Berlin on August 15, 2017. Odd Andersen/AFP

DBP open to unload MRT3 interests

Sep 12, 2017 - 3:15 PM

A new owner and operator for Metro Rail Transit Line 3 MRT3 is in the books of the Philippine government This is to give the railway proper upgrade and maintenance

COMMUTERS' ORDEAL. During rush hour, MRT3 passengers endure long lines and jampacked trains. Rappler file photo

Razon sells 350 million shares in Solaire operator

Sep 12, 2017 - 1:51 PM

The chief of the casino operator says increased liquidity in the stock will be beneficial for investors and the company

CONFIDENT. 'I am very confident of the prospects for Bloomberry,' billionaire businessman Enrique Razon Jr. Photo courtesy of Forbes

Some banks suspend operations due to Tropical Depression Maring

Sep 12, 2017 - 1:22 PM

Here s a list of banks with limited operations in areas affected by Tropical Depression Maring

PHINMA Energy to file case against PSALM

Sep 11, 2017 - 11:00 PM

The case is to stop PSALM from removing PHINMA Energy as administrator of a 40 megawatt geothermal power plant in Leyte

Eagle Cement expands deal with construction giant EEI

Sep 11, 2017 - 10:00 PM

With its pipeline of projects EEI believes Eagle Cement s soon to be expanded capacity will be a valuable asset to its construction business

STRATEGIC ALLIANCE. The new deal is set to strengthen the two companies' existing partnership, as Eagle expands the EEI projects that will be supplied by the cement firm. File photo by Eagle Cement

Buses, jeepneys in the Philippines to be modernized by 2020

Sep 11, 2017 - 7:30 PM

The Department of Transportation signs a memorandum of understanding with the Development Bank of the Philippines to provide loans to PUV cooperatives for the purchase of new vehicles

WAITING FOR A RIDE. Passengers gather along Tandang Sora, Commonwealth Avenue in Quezon City during a national transport strike. Photo by Darren Langit/Rappler

The simple life of David M. Consunji

Sep 11, 2017 - 3:05 PM

To know David M Consunji was to know a simple truth: he concerned himself most with those who mattered to him

INSTITUTION. Pictured rightmost of the photo is David M. Consunji, who was called the father of contemporary construction in the Philippines. Photo from company website

China mulls petrol car ban, boosting electric vehicles

Sep 11, 2017 - 12:31 PM

As the measure looms foreign auto makers have announced plans to boost the production of electric cars in China

ELECTRIC RIDES. A man walks past electric cars and tricycles on a sidewalk in Beijing on April 25, 2017. Greg Baker/AFP

Government infrastructure spending up 25% to P48.4B in July

Sep 11, 2017 - 12:30 AM

July s result means government spending on infrastructure and other capital expenditures stands at P297 5 billion so far this year up 11 1

AirAsia announces seat sale, 2 new routes

Sep 10, 2017 - 10:20 PM

The seat sale will be from September 11 to 17 while the airline will start flying from Manila to Iloilo in October and from Davao to Kuala Lumpur Malaysia in December

ASEAN to sign Hong Kong free trade deal in November

Sep 10, 2017 - 1:18 PM

Hong Kong also completes negotiations on an investment pact with ASEAN says Philippine Trade Undersecretary Ceferino Rodolfo

TRADE CENTRAL. Shipping containers stacked at a port terminal in Hong Kong on July 6, 2012. Dale dela Rey/AFP