Business

Hong Kong—Moody’s Investors Service is challenging a $3 million fine by Hong Kong’s securities regulator, which accuses the credit rating agency of misconduct over a 2011 report that flagged potential problems at Chinese companies. 

The Philippine Stock Exchange Inc. (PSE) said it has strengthened its technology systems and business continuity processes to prevent a repeat of the glitch that resulted in the disruption of trade on two consecutive days. 

The Manila International Container Terminal (MICT) in the Port of Manila has started implementing a vehicle appointment system called Terminal Appointment Booking System (TABS) for selected user groups. 

By Lito U. Gagni  Shandong, China—Liwayway China Co. Ltd , part of the Oishi business empire, has invested $20 million in a new factory here in a bold marketing move that has characterized the company’s presence in China where it has flourished, earning the coveted Shanghai and China Famous brands. 

By Jerry Maglunog Online business caters mostly to people who are very busy or live too far from the city proper. It is in these scenarios that the likes of Lazada, Zalora, Carmudi, OLX or Autopinoy.com have become a household name. 

By Riza Lozada With more than 100 million payment cards issued in the Philippines, the biggest challenge to spur e-commerce remains the accessibility of terminals, according to a recent industry report. 

Sumitomo Mitsui Banking Corp. (SMBC) recently opened its local branch at the 21st Floor, Ayala Tower 1, Makati City. 

Washington—China’s slowdown, volatile financial markets and tumbling prices of raw materials have raised the risks to economic growth around the world, the International Monetary Fund (IMF) reported last Wednesday (last Thursday in Manila). 

Washington—US busi- nesses added jobs at a steady pace last month, with construction and manufacturing showing solid gains, a private survey found. 

The Philippine Stock Exchange’s (PSE) benchmark index (PSEi) continued its recovery after closing the week at 7,098.81, from the previous day’s 7,022.09 finish, marking the fourth straight day that the index closed higher following the sharp drop of the market on Monday, when the PSEi followed the global decline of market prices.