Business

Local manufacturers seen to benefit from trade deal

Local industries are ex­pected to benefit from the Japan-Philippines Industrial Coopera­tion Initiative forged by the trade and industry depart­ments of Manila and Tokyo.

Read More »

Shell gains P2.50 after bourse debut

By Riza Lozada The price of freshly-listed Pil­ipinas Shell Petroleum Corp. shares closed strong on Friday, rising P2.50 to P69.50 each from its initial public offer (IPO) debut of P67 despite the market being at an oversold level.

Read More »

Century unit acquires Kamayan’s US business

Century Pacific Food Inc. (CNPF), through unit Centu­ry Pacific Seacrest Inc., recent­ly acquired the license to the Kamayan trademark for North America.

Read More »

AboitizLand earmarks P4B for shelter projects in 2017

AboitizLand, the property de­veloper unit of Aboitiz Equity Ventures (AEV), plans to un­dertake five housing projects next year worth about P4 bil­lion located outside Metro Manila, riding on the growth of residential property market.

Read More »

Micro lenders allowed to become thrift banks

By Riza Lozada The Bangko Sentral ng Pilipinas (BSP) recently allowed mi­crofinance-oriented small bank to convert into a regular thrift bank.

Read More »

Salary loan use zoomed 21.7% in September—BSP

Salary-based general-purpose consumption loans (SGPCL) con­tinue to expand bank lending, according to the latest data from the Bangko Sentral Ng Pilipinas (BSP).

Read More »

RCBC group profit hits P3.5B in 9 months

Rizal Commercial Banking Corp. (RCBC) reported an unaudited consolidated net income of P3.5 billion for the first nine months.

Read More »

MB padlocks rural bank in Ilocos Norte

The Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) has closed the operations of the Community Rural Bank of Dingras (Ilocos Norte) Inc.

Read More »

Benguet to sue DENR on suspension order

By Riza Lozada The country’s oldest mining firm Ben­guet Corp will seek a court injunction on the Department of Environ­ment and Natural Resources’ (DENR) refusal to lift a sus­pension order imposed on its mining operations in Sta. Cruz, Zambales.

Read More »

Moto eyes replacement market for Philippine revenues

Intense competition in the smartphone market as a re­sult of the proliferation of low-cost units, mainly from China prompted Moto, for­merly Motorola, is seeking to change the equation through the offering of high-quality phones within reach of Fili­pino consumers through tie-ups with phone companies.

Read More »