business - updates

Rappler's latest stories on business

ARTICLE FINDER

UK facing 'national emergency' on Brexit – business, unions

Mar 21, 2019 - 9:54 PM

The heads of the Confederation of British Industry and the Trades Union Congress urge May to change tack and find a 'Plan B' to avert the country leaving the European Union without a deal

BREXIT. The British Union flag (L) and the EU (European Union) flag (R) fly from flag poles in London on March 2, 2017. File photo by Daniel Sorabji/AFP

Beachfront vendors and picnickers top violators fined in Boracay

Mar 21, 2019 - 12:17 PM

A total of 468 people were fined in Boracay for violating ordinances since February 21, when local authorities launched a project to enforce discipline in the island

WHITE BEACH. The most popular area in Boracay Island. Photo by Angie de Silva/Rappler

Boracay Inter-agency Task Force demolishes erring resort

Mar 20, 2019 - 7:20 PM

The resort was given 3 orders to voluntarily demolish its structure starting April 26, 2018 but these went unheeded, says the DENR

Caption: TAKEN DOWN. Despite being warned and given enough time to comply, the Boracay Inter-agency Taskforce still had to take down an erring establishment for violating shoreline easement. Photo by DENR

A new breed of Filipino data professionals

Mar 20, 2019 - 1:30 PM

What does it take to be in data science? For them, it is knowing that you can’t know everything but wanting to find as many answers as you could

Renault, Nissan, Mitsubishi unveil new joint board post-Ghosn

Mar 12, 2019 - 5:20 PM

'We have decided to join our forces again, to enhance the strength of our collaboration,' says Renault Chairman Jean-Dominique Senard

JOINT BOARD. Nissan Motors president and CEO Hiroto Saikawa (C), Renault chairman Jean-Dominique Senard (L) and Mitsubishi Motors chairman and CEO Osamu Masuko (R) take their seats at the start of a press conference at the Nissan headquarters in Yokohama, Kanagawa prefecture on March 12, 2019. Photo by Behrouz Mehri/AFP

Ghosn out on bail after more than 100 days

Mar 06, 2019 - 6:50 PM

Former Nissan chief Carlos Ghosn leaves the detention center in northern Tokyo flanked by guards, wearing a blue cap, a white medical face mask, and a work jacket with orange reflective stripes

ON BAIL. Former Nissan chairman Carlos Ghosn leaves the Tokyo Detention House following his release on bail in Tokyo on March 6, 2019. Photo by Jiji Press/AFP

9 reasons why the Philippines is ripe for business in 2019

Feb 27, 2019 - 8:30 PM

After missing their growth targets in 2018, the country's economic managers are upbeat that the economy will be better this time around

Makati Business Club expresses concern over Maria Ressa’s arrest

Feb 22, 2019 - 1:29 AM

'A brave and free press is an ally in the fight against corruption that we and the government espouse in order to encourage investment badly needed to generate employment and wealth creation that is truly inclusive,” says the MBC

FAST FACTS: How the new Corporation Code makes business easier

Feb 21, 2019 - 8:15 PM

The amended Corporation Code allows the formation of a corporation by a single person and grants a perpetual corporate term

UK posts slowest growth in 6 years as Brexit looms

Feb 11, 2019 - 8:32 PM

(UPDATED) Researchers at the IWH Institute in Halle, eastern Germany say a no-deal Brexit could put 600,000 jobs around the world at risk, with Germany the hardest hit

UK ECONOMY. The skyline of the City of London is pictured on the horizon as people relax in Greenwich park in south-east London on June 26, 2016. File photo by Odd Anderson/AFP

EU vetoes train-maker merger, drawing France's fury

Feb 06, 2019 - 7:48 PM

(UPDATED) 'The Commission prohibited the merger because the companies were not willing to address our serious competition concerns,' says the EU's powerful antitrust sheriff, Margrethe Vestager

TOP TRAIN MAKER. This file photo taken on November 19, 2009, shows an employee of Alstom walking past locomotives in a testing workshop of French engineering giant Alstom in Belfort, eastern France. Sebastien Bozom/AFP

Feeling the inflation pinch, Filipinos hold back on spending

Feb 04, 2019 - 1:32 PM

TheNerve’s survey results show Filipinos feeling financially worse off in 2018

5 tips to make your online business 'fat' this 2019

Jan 30, 2019 - 1:53 PM

Time to go big this Year of the Pig!

Businesses struggle as cracks appear in China's economy

Jan 27, 2019 - 9:30 PM

Private businesses face new hurdles as costs rise and financing becomes harder to come by

This photo taken on January 22, 2019 shows a sales representative waiting for customers in a luxury car showroom in Beijing. - Cracks are opening in China's mighty economy: investors are backing away from deals, factories are moving abroad and companies are shedding jobs.The world's second-largest economy is losing steam, hitting its slowest growth in almost three decades last year, and flagging further in recent months. (Photo by GREG BAKER / AFP)

Renault board to replace Ghosn on January 24

Jan 22, 2019 - 9:33 PM

Renault, part of a powerful alliance with Japanese carmakers Nissan and Mitsubishi, has officially declined to comment on Carlos Ghosn's replacement

GHOSN. In this file photo taken on November 8, 2016, Renault-Nissan Alliance chief executive Carlos Ghosn poses for a portrait after an interview at the Web Summit at Parque das Nacoes in Lisbon. File photo by Patricia De Melo Moreira/AFP

U.S. in criminal probe of China's Huawei – report

Jan 17, 2019 - 9:48 AM

Anonymous sources say that US Justice Department is looking into allegations that Huawei stole trade secrets from US business partners including a T-Mobile robotic device used to test smartphones

HUAWEI. In this file photo taken on July 8, 2018, a woman uses her mobile phone in front of a Huawei logo at Beijing International Consumer Electronics Expo in Beijing. Photo by Wang Zhao/AFP


#AskTheTaxWhiz: How do I pay local business tax?

Jan 17, 2019 - 9:00 AM

The Philippine Tax Whiz discusses payment of local business tax and renewal of business permit

World Bank President Jim Yong Kim announces resignation

Jan 08, 2019 - 9:02 AM

World Bank CEO Kristalina Georgieva will serve as interim president upon Kim's February 1 departure

RESIGNATION. In this file photo, World Bank President Jim Yong Kim speaks at a press conference during the 2016 International Monetary Fund, World Bank Spring Meetings at the IMF headquarters on April 14, 2016. File photo by Mandel Ngan/AFP

Makati extends work hours for business permit renewal, tax payments

Jan 04, 2019 - 11:22 AM

Makati's Business Permits and Licensing Office and other key offices will also be open on weekends until January 20

Ghosn 'faces new underreporting charge worth $35M'

Dec 05, 2018 - 2:07 PM

Reports say Tokyo prosecutors plan to 'rearrest' the business tycoon along with his right-hand man and former Nissan representative director Greg Kelly by Monday, December 10

GHOSN. In this file photo taken on May 12, 2011, Carlos Ghosn, president of Nissan Motors, speaks at a news conference to announce the company's fiscal year 2010 earnings in Yokohama. File photo by Kazuhiro Nogi/AFP

Ulysses Garces replaces De Vera as ABS representative in House

Dec 03, 2018 - 5:35 PM

LPGMA Representative Arnel Ty, an ally of expelled ABS representative Eugene de Vera, fails to block the oath-taking

NEW LAWMAKER. Ulysses Garces (L) takes his oath as new representative of the ABS party in the House of Representatives. Screenshot from the House's YouTube account

[OPINION] De Vera's ouster from the House of Representatives is unconstitutional

Nov 26, 2018 - 11:00 AM

The Constitution is clear and made even clearer by abundant jurisprudence, yet Congress chose to bend the law and resort to brute force to remove the ABS party-list representative

‘Small business website security paradox’ threatens SMEs online – report

Nov 16, 2018 - 12:17 PM

Small business owners may lack the knowledge and the right allocation of funds to fully secure their website


Local officials, businessmen hail gov't decision vs El Nido shutdown

Nov 15, 2018 - 12:02 PM

(UPDATED) El Nido officials and business owners welcome the decision of the national government to order the closure only of erring establishments, and not the entire town

EL NIDO. Ei Nido town in Palawan is known for its white sand beaches and limestone formations. Photo by Андрей Бобровский, CC BY 3.0

Malay execs urge town council to fast-track relocation site for Boracay vendors

Nov 15, 2018 - 10:23 AM

Hundreds of vendors barred from the beachfront of the new Boracay, still have no designated area where they can sell their goods and services

VENDOR-FREE. Scenes at the shore of Boracay on the eve of its opening, October 25, 2018. Photo by Alecs Ongcal / Rappler

Tension eases in Boracay: Singaporean businessman apologizes to DENR official

Nov 08, 2018 - 3:31 PM

'There are some who make friends and quarrel later, but we quarreled and became friends,' says businessman Peter Tay after patching things up with DENR Undersecretary Benny Antiporda

NEW FRIENDS? Singaporean businessman Peter Tay apologizes to DENR Usec Benny Antiporda. Photo from Tay's Facebook page

[ANALYSIS] Ease of doing business: Why is the PH rank plummeting?

Nov 08, 2018 - 9:30 AM

Under President Duterte's watch, we've gone down the global Doing Business ranking by 25 notches all in all – by far the largest decline in ASEAN

Facebook must act to stop incitement ahead of 2020 Myanmar poll – report

Nov 07, 2018 - 12:25 PM

Facebook says it is working on rooting out abuse ahead of the Myanmar elections – but admits it had failed to do enough to prevent the incitement of violence

MYANMAR AND FACEBOOK. A man uses Facebook on a mobile phone in Yangon on June 7, 2018. Photo by Ye Aung Thu/AFP

Boracay tension: Singaporean businessman 'assaulted' by DENR undersecretary?

Nov 06, 2018 - 9:15 PM

DENR Undersecretary Benny Antiporda says Boracay businessman Peter Tay 'humiliated' himself, but admits to shoving Tay when tensions rose

PUBLIC HUMILIATION? Singaporean businessman Peter Tay says DENR Undersecretary publicly humiliated him in a meeting on Boracay businesses. Background photo by Angie de Silva/Rappler, Antipoda's and Tay's photos from their Facebook pages

Philippines: bad for business, hotbed for journo murders | Evening wRap

Nov 02, 2018 - 8:48 PM

Watch the evening wRap with Quita Chuatico

PH slips 11 notches in World Bank's ease of doing business ranking

Nov 02, 2018 - 1:28 PM

The Philippine government rejects the findings, as Philippine finance and trade officials urge the World Bank to correct the 'inaccurate and understated findings'

Trouble in Panglao: Erring establishments, politics add to garbage woes

Oct 31, 2018 - 8:58 PM

Tourism facilities are contributing to Panglao’s struggle with trash while mayors fight it out

DENR fines 209 Boracay establishments

Oct 29, 2018 - 6:50 PM

The Department of Environment and Natural Resources says 209 establishments in Boracay need to pay a total of P43 million if they wish to operate again

WATCH: Swimming at Boracay's spotless white beach

Oct 28, 2018 - 4:24 PM

Missed the powdery white sands on your feet? Here's how it feels like to swim at the 'new' Boracay.

SPOTLESS WHITE. Boracay's White Beach is not spotless. Photo by Adrian Portugal/Rappler

IN GIFs: What to see in the new Boracay

Oct 28, 2018 - 12:37 PM

Itching to see the newly reopened Boracay? Here's what to expect.

SUNSET. Boracay's famous sunset brings everyone to the beach in the afternoon. Photo by Adrian Portugal/Rappler

No casinos in Boracay as island reopens

Oct 26, 2018 - 2:29 PM

Justice Secretary Menardo Guevarra wants President Rodrigo Duterte to issue an executive order banning casinos in Boracay

RESORT. The rock formation on the left is part of the property that Leisure & Resorts World bought in Barangay Manoc-Manoc, where the rumored casino will be built. Photo by Adrian/Portugal

Only 3 of 10 Boracay hotels, resorts allowed to reopen

Oct 26, 2018 - 11:44 AM

Boracay now has half the number of hotel rooms available before President Rodrigo Duterte ordered the island closed

REOPENED ISLAND. The world-famous island of Boracay is ready to accept tourists again after 6 months of closure. Photo by Alecs Ongcal/Rappler

WATCH: Back to zero? Businesses in debt as Boracay reopens

Oct 25, 2018 - 11:00 PM

Some business owners say they are not 'back to zero,' rather it's 'back to negative' because of the debt incurred over their losses during the 6-month closure

DEBT. Owner of LDV Variety Lito Reyes says he has yet to bounce back from the debt he has incurred during the 6-month Boracay closure. Photo by Adrian Portugal/Rappler

Somber Boracay gears up for October 26 reopening

Oct 24, 2018 - 9:03 PM

Boracay is ready to come back to life – but not businesses that will remain closed even after October 26

OPENING. Boracay Island is open to the public once again on October 26. Photo by Adrian Portugal/Rappler

PAL's Mabuhay Maritime to offer Kalibo-Boracay ferry service

Oct 23, 2018 - 7:50 PM

The ferry service seeks to provide seamless travel from the Kalibo International Airport to Boracay

MODERN FACILITIES. PAL's Mabuhay Maritime Express will soon offer Kalibo to Boracay ferry service. Photo by Aika Rey/Rappler

Chinese Q3 growth hits 9-year low as debt, trade row drag

Oct 19, 2018 - 11:14 AM

(UPDATED) Analysts say the slowing growth could prompt an end to Beijing's fiscal prudence

ECONOMY. A couple wearing Qing dynasty style headwear walk with their children in Tiananmen square in Beijing in December 2012. File photo by AFP

Global trade wars risk 'millions of jobs' – WTO chief

Oct 18, 2018 - 1:01 PM

'A continued escalation of tensions would pose real risks,' says World Trade Organization chief Roberto Azevedo

ROBERT AZEVEDO. World Trade Organization Director-General Roberto Azevedo gestures after he speaks to reporters on February 22, 2017 in Geneva.File photo by Fabrice Coffrini / AFP

U.S. sets new trade talks with EU, Japan, Britain

Oct 17, 2018 - 3:01 PM

US Trade Representative Robert Lighthizer says the administration has notified Congress of its intent to negotiate the 3 separate trade agreements

TRADE. In this file photo, US Trade Representative Robert Lighthizer (R) attends the Asia-Pacifics Economic Cooperation (APEC) 23rd Ministers responsible for Trade Meeting at the National Convention Center in Hanoi on May 20, 2017. File photo by AFP

U.S. tops global competitiveness rating, despite 'worrying' trends – WEF

Oct 17, 2018 - 10:46 AM

The World Economic Forum uses a new methodology for the 2018 edition of its annual Global Competitiveness Report to reflect shifts in a world increasingly transformed by new, digital technologies

How this Pinay entrepreneur grew a laundry service app for A-list Hollywood celebs

Oct 17, 2018 - 7:45 AM

What happens when you fail at your first try? You try again, as Rechelle Balanzat proves.

Businesses still 'confused' over Boracay opening plans

Oct 16, 2018 - 10:01 PM

The Philippine Chamber of Commerce and Industry wants the government to provide them a list of compliant establishments that would be allowed to operate by October 26

CONFUSED. Some businesses are still confused whether they are already compliant to government rules and regulations. All photos from Net Sacapano

LOOK: E-trike, modern vehicles for the 'new' Boracay

Oct 15, 2018 - 7:05 PM

These are part of the Department of Transportation's integrated transport system project in the island

MODERN JEEPNEY. The Department of Transportation is working with Grab to launch the modern jeepneys in Boracay. DOTr photo

IN CHARTS: Boracay is bursting at the seams

Oct 12, 2018 - 7:45 PM

Boracay has exceeded its capacity in terms of population, infrastructure, and waste generated

CAPACITY. The carrying capacity study of the DENR showed the many ways Boracay exceeded its capacity. File photo by Adrian Portugal/Rappler

LIST: 287 Boracay hotels allowed to operate

Oct 12, 2018 - 5:55 PM

(4th UPDATE) The government has accredited 287 hotels, resorts, and inns that are already compliant with rules and regulations

ACCREDITED. Shangri-la Resort is among those the DOT-accredited hotels that will operate on October 26. Photo from Shangri-la Resort website

Cimatu lifts ECC suspension for compliant Boracay businesses

Oct 12, 2018 - 4:51 PM

This means that the businesses can now seek permits to operate from the interior and tourism departments

CLOSED. In this file photo, Boracay businesses were closed during the shutdown of the island. Photo by Aika Rey/Rappler