Thursday, July 31, 2014
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  • Century wins ruling vs. Okada

    Century wins ruling vs. Okada

    Century Properties Group Inc. said Tuesday it obtained a court order stopping the group of Japanese billionaire Kazuo Okada from terminating their investment deal to develop the $2-billion Manila Bay Resorts in Parañaque City. Century Properties said the Makati regional trial court issued an injunction...
  • Cojuangco sugar mill sold to Lorenzo group

    Cojuangco sugar mill sold to...

    The group of businessman Martin Lorenzo and Fernando Cojuangco is buying roughly 70 percent of Central Azucarera de Tarlac Inc. of the Cojuangco family for P1.799 billion.  CAT said in a disclosure to the stock exchange the company’s major shareholders, namely the Don Pedro Conjuangco, Jose...
  • Villar bares P50-b business city district Vista City business  CBD

    Villar bares P50-b business city...

    Property developer Vista Land & Lifescapes Inc. is investing P50 billion over the next five years to develop the 1,500-hectare Vista City, envisioned to become the most expansive commercial business district in the southern part of Metro Manila. The Vista City project covers 1,500 hectares strategically...
  • Executives bring 3D printers to PH

    Executives bring 3D printers to PH

    Executives of Norde International Distributors recently showcased the latest three-dimensional printers and their potential to transform Philippine industries. Tim Klappe “The wave of customization is on its arrival.  If we are able to ride this wave, we can turn revolutionary ideas into...
  • IMF cuts growth forecast to 6.2%

    IMF cuts growth forecast to 6.2%

    The International Monetary Fund said Friday it reduced the 2014 growth forecast for the Philippines to 6.2 percent from the April estimate of 6.5 percent, after the gross domestic product grew just 5.7 percent in the first quarter. The multilateral lender’s projection was below the government’s...

All Business

BSP vows to control inflation

9 hours ago | 0 comment
BSP vows to control inflationThe Bangko Sentral is prepared to adjust policies to control the inflation rate, which likely hit as high as 4.9 percent in July, Governor Amando Tetangco Jr....

Jollibee’s chief executive seeks to double profits

9 hours ago | 0 comment
Jollibee’s chief executive seeks to double profitsJollibee Foods Corp., which outsells McDonald’s Corp. in the Philippines, plans to double earnings in five years as it accelerates its expansion in China...

Malampaya gas field shutdown to push through in March — DoE

9 hours ago | 0 comment
Malampaya gas field shutdown to push through in March — DoEThe operator of the Malampaya natural gas project will push through with the 30-day maintenance shutdown of the gas platform off Palawan in March next year,...

Business groups back Aquino, want more PH economic reforms

9 hours ago | 0 comment
Business groups back Aquino, want more PH economic reformsLocal and foreign businessmen reaffirmed their support to the administration of President Benigno Aquino III despite shortcomings in some policies, as long as...

Govt loans down 33.8%

9 hours ago | 0 comment
Govt loans down 33.8%Government borrowings fell 33.8 percent to P163.681 billion in the first six months from P247.073 billion a year ago, data from the Bureau of Treasury show.

Platinum Group investing $100m

9 hours ago | 0 comment
Platinum Group investing $100mFerronickel producer and smelting company MCCI Corp., a subsidiary of Platinum Group Metals Corp., said it will spend $100 million to rehabilitate its smelting...

NGCP eyes faster tower restoration

9 hours ago | 0 comment
NGCP eyes faster tower restorationTransmission network operator National Grid Corporation of the Philippines said it expects to quickly restore transmission lines damaged by calamities, with new...

UK promotes Islamic banks

9 hours ago | 0 comment
UK promotes Islamic banksThe British Embassy has offered to help the Philippine government in drawing up a set of regulatory reforms in Islamic banking and finance.

US asks for easier biotech rules

9 hours ago | 0 comment
US asks for easier biotech rulesUnited States Agriculture Secretary Tom Vilsack has called on members of the European Union to ease current restrictions on crops and food products developed...

Stocks rise; PLDT, Alliance Global up

9 hours ago | 0 comment
Stocks rise; PLDT, Alliance Global upThe stock market rose slightly Wednesday in mixed trading, with index heavyweight Philippine Long Distance Telephone Co. leading advancers amid inflation...

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