Wednesday, October 22, 2014
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  • Banks’ minimum capital hiked 3-fold

    Banks’ minimum capital hiked...

    The Bangko Sentral ng Pilipinas said Monday it increased the minimum capital requirements for banks by as much as 300 percent and capped real estate collateral at 60 percent of value in a bid to strengthen the financial system. The BSP said the policy-making Monetary Board increased the minimum capital...
  • DoE warns of 1-hour blackouts

    DoE warns of 1-hour blackouts

    Power consumers in Luzon should anticipate daily one-hour power outages during the dry months next year under a best- case scenario wherein shopping malls and other major offices will run their power generating sets, the Energy Department warned over the weekend. Energy Secretary Carlos Jericho Petilla said...
  • Filipino CEOs challenged  to make meaningful impact

    Filipino CEOs challenged to make...

    Rafael Lopa, the executive director of the Philippine Business for Social Progress, believes that presidents and chief executives of corporations need to change their philanthropic strategies and scale up their contribution to make an impact on poverty reduction in the Philippines. Environment - The Marikina...
  • Lucio Tan to buy out PAL minority

    Lucio Tan to buy out PAL minority

    Two companies controlled by tycoon Lucio Tan have offered to buy out minority shareholders in PAL Holdings Inc. in a bid to solidify its control of the airline. PAL Holdings said Friday Buona Sorte Holdings Inc. and Horizon Global Investments Ltd., two companies associated with Tan, offered to acquire the...
  • America now open to PH mangoes

    America now open to PH mangoes

    The United States has finally allowed the entry of fresh mangoes from all provinces of the Philippines, except Palawan, providing a big boost to the local mango industry. Agriculture attaché Josyline Javelosa said the US market opening presented an opportunity for mango-producing provinces such as...

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CEO of oil giant Total killed in Moscow plane crash

6 hours ago | 0 comment
CEO of oil giant Total killed in Moscow plane crashMOSCOW, Russia  – Russian and French experts were investigating Tuesday, October 21, a plane crash at a Moscow airport which killed the CEO of French...

Key banks to face tougher rules — BSP

17 hours ago | 0 comment
Key banks to face tougher rules — BSPThe Bangko Sentral ng Pilipinas said Tuesday it will require “domestic systemically important banks” to increase their core equity capital as buffer...

Robinsons spending P17b to establish more malls

17 hours ago | 0 comment
Robinsons spending P17b to establish more mallsRobinsons Land Corp., the property unit of tycoon John Gokongwei, is spending up to P17 billion in fiscal year 2015, primarily to build more shopping malls.

Port congestion shuts 2 firms

18 hours ago | 0 comment
Port congestion shuts 2 firmsTwo companies shut down their operations in the Philippines and transferred abroad, after profits fell on low productivity caused by the Manila port congestion, a...

Korea’s Phoenix eyes bigger customer base

18 hours ago | 0 comment
Korea’s Phoenix eyes bigger customer basePhoenix Semiconductor Philippines Corp., a Korean semiconductor company that plans to conduct an initial public offering this year, is in talks with new clients...

3-year Treasury bond rates decline to 2.51%

18 hours ago | 0 comment
3-year Treasury bond rates decline to 2.51%Government debt papers fetched lower rates Tuesday ahead of the meeting of the Monetary Board Thursday.

OFWs as milking cows

18 hours ago | 0 comment
OFWs as milking cowsWe came across an old blog post by Blas F. Ople Policy Center founder Susan Ople talking about the “Milking-cow syndrome,” and how overseas Filipino...

PH likely to receive more Euro benefits

18 hours ago | 0 comment
PH likely to receive more Euro benefitsThe Philippines moved closer to receiving more trade privileges from Europe, after the Council of the European Union cleared the country’s inclusion in the...

Government needs 1,400 MW to meet power shortage next year

18 hours ago | 0 comment
Government needs 1,400 MW to meet power shortage next yearThe government will require around 1,400 megawatts of power from participants in the interruptible load program to address the looming shortage in the next dry...

Renovation of Linden Suites starts

18 hours ago | 0 comment
Renovation of Linden Suites startsThe Linden Suites, the first Filipino-owned, full-serviced apartment, is beefing up facilities, spending more than P200 million for renovation to compete in...