PHILIPPINES AirAsia, Inc. said it hopes to open a new route to Beijing by the fourth quarter to tap the growing Chinese market.
THE Department of Finance (DoF) said it will re-file with the 18th Congress bills that form part of second package of the Comprehensive Tax Reform Program (CTRP), which seeks to rationalize fiscal incentives and lower corporate income tax.
THE World Bank said it approved a $300 million loan to help fund the Philippines’ conditional cash transfer program for two years.
THE Department of Energy (DoE) said its Philippine Conventional Energy Contracting Program (PCECP) continues to attract interest from potential investors.
FOREIGN currency loans granted by Philippine banks rose in the first quarter of 2019 as borrowers sought working capital and funds for plant and equipment, the Bangko Sentral ng Pilipinas (BSP) said.
SECURITY Bank Corp. has raised P18 billion from an oversubscribed bond issue after originally offering P5 billion.
THE peso strengthened Friday ahead of an expected cut in Fed policy rates and amid positive sentiment generated by the G20 meeting.
THE MAIN INDEX ended the week back below the 8,000 mark for the first time in eight trading sessions on Friday, leading a fall across Asia as investors took profit ahead of top-level Sino-US trade talks at the sidelines of the G20 summit in Osaka, Japan this weekend.
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THE DEPARTMENT of Finance (DoF) on Thursday proposed more frequent meetings between state economic managers and Congress in order to facilitate legislation of priority measures -- a proposal lawmakers were open to.
THE PHILIPPINES, along with neighbors Indonesia, Malaysia, Thailand and Vietnam, can expect to benefit from decisions to relocate by companies adversely affected by the ongoing trade war between China and the United States, investment bank J.P. Morgan said in a June 26 report e-mailed to journalists on Wednesday evening.
THE ECONOMY likely grew at a muted pace this quarter, a senior executive of Moody’s Investors Service said on Thursday, with the country’s socioeconomic planner saying nevertheless that the pace could still top those of the first quarter and last year’s second quarter.
GUANGZHOU/YANGON -- Pressured by a labor crunch and rising wages in China, Shu Ke’an, whose firm supplies bulletproof vests, rifle bags and other tactical gear to the United States, first considered shifting some production to Southeast Asia a few years ago, but nothing came of it.
UPSCALE property developer Anchor Land Holdings, Inc. (ALHI) is investing P35 billion until 2021 for the construction of residential, office, and logistics center projects.
PROPERTY firms SM Development Corp. (SMDC) and Federal Land, Inc. have already sold about 40% of The Estate, an ultra-luxury residential project which offers units valued at around P600,000 per square meter (sq.m.).
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AFTER months of consultations with industry stakeholders and the general public, the Film Development Council of the Philippines (FDCP) has released a memorandum circular which will move the opening days for local and foreign films from Wednesday to Friday and ensures a minimum seven-day run for every film booked in theaters starting July.
PHILEX Mining Corp. said it would require around $1.1 billion in capital expenditures to start operations of Silangan mine by 2022.
SEOUL — South Korean actors Song Hye-kyo and Song Joong-ki are splitting up less than two years after their fairytale marriage, the couple said on Thursday, shocking fans across Asia.
CEMEX Holdings Philippines, Inc. (CHP) is still optimistic it can raise its authorized capital stock to P18.31 billion within the year, even as it failed to secure the approval of majority of its shareholders in its last meeting.
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EMPLOYERS said it is an urgent matter for companies to invest in upskilling employees, noting that low-skill and medium-skill professions are at risk from automation.
A THRIFT BANK has absorbed seven rural lenders, in line with a push by the Bangko Sentral ng Pilipinas (BSP) for bank mergers.
RENEWABLE energy company SN Aboitiz Power-Magat (SNAP-Magat) has invested around P24 million for the 200-kilowatt pilot floating solar project in Ramon, Isabela.
NEW YORK -- The machinists union said on Wednesday it opposes a tentative labor contract reached this week with General Electric Co, potentially impeding the Boston-based conglomerate’s efforts to avoid labor unrest during a difficult period.
SOUTH KOREAN actor Park Bo Gum concluded his multi-country fan meet tour which started in Seoul and ended in Manila on June 22 at the Mall of Asia Arena (MOA) in Pasay City.
MANUFACTURERS Life Insurance Co. (Phils.), Inc. (Manulife Philippines) eyes to boost collaboration between insurance firms and financial technology (fintech) companies to improve customer experience and increase awareness in insurance.
THE operator of fastfood chain Popeyes in the Philippines is targeting to open over a hundred stores in the next three years.
THE PHILIPPINE Trade Training Center-Global MSME Academy (PTTC-GMEA) is looking into offering training in Halal-compliant animal slaughter in partnership with the Technological Education and Skills Development Authority (TESDA).
NOW ON its 22nd year, the Eiga Sai Japanese Film Festival presents a selection of 17 full-length features from a variety of genres to “show not only one side of Japanese culture,” said an organizer.
THE HONGKONG and Shanghai Banking Corp. Ltd. (HSBC) has expanded its private banking presence in the Philippines by deploying more relationship managers to service the growing wealth market.
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A YEAR after taking over from his father as chief executive officer, Alliance Global Group, Inc.’s (AGI) Kevin Tan says tourism and consumer spending in the Philippines will drive growth as his real-estate-to-booze conglomerate doubles capacity at its Manila gambling resorts.
TESLA INC’S vice president of production at its Fremont factory, Peter Hochholdinger, has left after three years with the electric-car maker, a source familiar with the matter told Reuters.
My Asian Institute of Management-Master in Business Management alumni class has a very active Viber group and recently our exchange revolved around the debate on whether new management theory has been discovered. One view says that management theory hasn’t really changed in the past 50 years, except that framing of the theory has progressed in the elusive search for the winning management formula. This has given birth to an industry of best selling books written by experts claiming to have discovered the immutable laws of management and leadership.
We have a new company president who was pirated by the owner from a competitor. He is a supply chain expert who doesn’t believe in the importance of human resources (HR) as a support function in the organization. In a recent town hall meeting with managers, he told us that everyone can do the work of HR and it need not become a specialist function. Since I am the HR department head, it has become uncomfortable for me to work with him given his critical position against my job. I’ve been in this company for close to 20 years now. And I don’t have any plans of moving to another organization. Please give me your advice. -- Bumpy Ride.