EconomyLoop
where regional business news becomes global to everyone

Uy’s Phoenix Petroleum to buy LPG seller

PHOENIX Petroleum Philippines, Inc. is acquiring liquefied petroleum gas (LPG) seller Petronas Energy Philippines, Inc. (PEPI), the oil trader told the stock exchange on Wednesday.... read more

 Business World Online3 hours ago

     
?Oversupply’ forces Cebu Pacific to suspend 3 flights to Middle East

CEBU PACIFIC on Wednesday said it will suspend its long-haul service from Manila to three Middle Eastern cities, citing "oversupply" amid intense competition from Gulf carriers.... read more

 Business World Online3 hours ago
Ang’s Eagle Cement IPO oversubscribed

INVESTORS snapped up shares of Eagle Cement Corp. (ECC), with its initial public offering (IPO) oversubscribed by more than three times the allotment, according to an underwriter.... read more

 Business World Online3 hours ago
The 8% final income tax, simple but not quite

As reported, Congress is expecting to pass House Bill No. 5636 or the (new) Tax Reform Acceleration and Inclusion (TRAIN) on second reading this week, but not after intense plenary debates. This bill is the substitute bill of the earlier House Bill N... read more

 Business World Online3 hours ago
Energy department orders TransCo role in preparing transmission dev’t plan

THE Department of Energy (DoE) has ordered the participation of the National Transmission Corp. (TransCo) in the preparation, review and evaluation of the country’s transmission development plan (TDP), an activity that in past administrations has bee... read more

 Business World Online3 hours ago
FPI sees corn sweetener imports as spur for domestic sugar sector

THE Federation of Philippine Industries (FPI) said that it is open to the tariff-free importation of sweetener high fructose corn syrup (HFCS) as a means of stimulating the competitiveness of the sugar industry, as long as users purchase equivalent a... read more

 Business World Online3 hours ago
Martial law concerns sink peso to 50 a dollar

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 The Standard6 hours ago
CebuPac suspends ME flights

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 The Standard6 hours ago
Ongpin hopeful of Xi-Duterte energy deal in South China Sea

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 The Standard6 hours ago
DoE convenes task force to secure power facilities

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 The Standard6 hours ago
BDO, Seven Bank seal partnership

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 The Standard6 hours ago
Ongpin hopeful of Xi-Duterte energy deal in South China Sea

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 The Standard6 hours ago
Insular's net income rose to P4.9b in 2016

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 The Standard6 hours ago
Market gains; URC, Melco lead advancers

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 The Standard6 hours ago
PH, China sign 6 investment deals

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 The Standard7 hours ago
China commits P10b for Kaliwa Dam project

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 The Standard7 hours ago
Holcim expands cement capacity

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 The Standard7 hours ago
NGCP ties up with DICT for PHL’s broadband program

THE National Grid Corp. of the Philippines (NGCP) and the Department of Information and Communications Technology (DICT) are currently coordinating for a project partnership involving the use of transmission facilities for the country’s broadband pro... read more

 Business Mirror7 hours ago
Cebu Pacific suspends half of flights to Middle East

By Lorenz S. Marasigan & Recto Mercene FILIPINO low-cost carrier Cebu Pacific has decided to suspend more than half of its operations in the Middle East (ME) due to intense competition in the market, a ranking official said on Wednesday. Paterno S. M... read more

 Business Mirror7 hours ago
NREB seen extending hydro, biomass perks

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 The Standard7 hours ago
Phoenix acquires Petronas PH unit

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 The Standard7 hours ago
NREB to ask DOE to extend period to complete hydro, biomass projects for FiT

THE National Renewable Energy Board (NREB) will propose to the Department of Energy (DOE) to extend the period for developers of hydro and biomass to complete their projects in order to avail themselves of the current feed-in tariff (FiT). The DOE ha... read more

 Business Mirror7 hours ago
LRTA begins replacing elevators, escalators of LRT 2

THE railway regulator has started the replacement works for the conveyance system of Light Rail Transit (LRT) Line 2 to provide a better riding experience to the commuting public. In a statement, Light Rail Transit Authority (LRTA) Administrator Reyn... read more

 Business Mirror7 hours ago
Capitol Hills furor; Mighty's bonanza

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 The Standard7 hours ago
Wilcon founder steps down as chairman months after going public

WILLIAM Belo, the founder of home and construction retail chain Wilcon Depot Inc. (WDI), has stepped down as chairman of the company months after its initial public offering. Belo will be replaced by Bertram Lim, who was elected as independent direct... read more

 Business Mirror7 hours ago
Cebu Pacific issues Mindanao Travel Advisory

Operations of Cebu Pacific in Mindanao remain normal, with no restrictions or limitations imposed on air travel by the authorities. However, in light of recent situation in Marawi City and the declaration of Martial Law in Mindanao, Cebu Pacific and ... read more

 Business Mirror7 hours ago
Insular Life taps Aboitiz in bancassurance

Insular Life Assurance Co. Ltd, the largest Filipino insurance company, projects higher total premium income through its bancassurance tie-up with the universal lender UnionBank. Insular Life anticipates 30 percent to 40 percent rise in premium drawn... read more

 Business Mirror7 hours ago
Banks, trust units refuse to look beyond seven days

The Bangko Sentral ng Pilipinas (BSP) is not quite successful in persuading the various lenders, trust departments and others in the financial services arena to give up more of their idle funds and bring so-called excess liquidity under the ambit of ... read more

 Business Mirror7 hours ago
Ford shakeup underscores Detroit's technology dilemmas

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 The Standard8 hours ago
Moody's lowers China's rating

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 The Standard8 hours ago
What is your value trigger point?

WIIFM is not a radio station. It is an acronym for “what’s in it for me?”, a frequently asked question that an association executive gets from a potential member. WIIFM refers to what benefit or value an association member can reap—a simple question ... read more

 Business Mirror8 hours ago
China's Geely set to buy 49% of Proton

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 The Standard8 hours ago
Opec close to extending oil deal

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 The Standard8 hours ago
Vitarich sets P300-million income target as it plots nationwide expansion

VITARICH Corp. is targeting a net income of P300 million this year, as the agribusiness firm embarks on an aggressive nationwide expansion program.... read more

 Business World OnlineYesterday
Cebu Landmasters to turn Davao golf course into business district

DAVAO CITY -- Cebu Landmasters, Inc. has inked a deal with Davao City's Huang and Yuson families for the conversion and development of the 18-hectare Matina Golf Course into a central business district (CBD).... read more

 Business World OnlineYesterday
Global Business Power goes into renewable energy

GLOBAL BUSINESS Power Corp. (GBP) is diversifying into renewable energy as it aims to source 10% to 20% of its installed capacity from biomass, hydro and solar power to complement its existing coal and gas-fired power plants.... read more

 Business World OnlineYesterday
Tourism drive spurring hotel, gaming industry

THE hotel and gaming market is getting a boost from both international and local players, as the government's plan to increase foreign arrivals stimulates development activity to meet demand, research firm Pinnacle Real Estate Consulting Services, In... read more

 Business World OnlineYesterday
Tax reform legislation passed on to House plenary

THE comprehensive tax reform program being counted on by the government to fund its ambitious infrastructure plan has made it to plenary debate at the House of Representatives.... read more

 Business World OnlineYesterday
PHL, Russia to sign $2.5-billion agri purchasing deal

RUSSIA is set to sign an agreement on Thursday with the Philippines to firm up its earlier commitment to buy $2.5 billion worth of agricultural products over the next 12 months.... read more

 Business World OnlineYesterday
PHL highlights Asean food brands in international exposition

THE Philippines, through its Department of Trade and Industry’s Center for International Trade Exhibitions and Missions (DTI-Citem), highlighted top Asean food brands during the International Food Exhibition Philippines (Ifex) at the World Trade Cent... read more

 Business MirrorYesterday
From expats to extraordinary entrepreneurs

The 1990s were the best of times for Filipinos in Jakarta. Indonesian employers kept an eye on Filipinos, those who were experts in their respective fields, as among their prized recruits. In advertising, a number of Indonesian company owners success... read more

 Business MirrorYesterday
Government sees onion supply glut this year

The Philippines may no longer have to import onion, as the government’s latest assessment indicated that there would be surplus in output this year, according to the Bureau of Plant Industry (BPI). BPI OIC-Director Dr. Vivencio R. Mamaril told the Bu... read more

 Business MirrorYesterday
Banks swamp T-bills

Banks swamped the government’s auction of Treasury bills (T-bills) the other day with tenders amounting to P55.12 billion, more than thrice the P15 billion offering.Average rate of the debt papers are lower than the previous rates, with the benchmark... read more

 The Daily TribuneYesterday
BSP urged to check groups offering excessive loans

A group of seven financing companies are requesting the Bangko Sentral ng Pilipinas (BSP) to issue a cease and desist order against what it says is an illegal practice being conducted by certain Non-Stock Savings and Loan Associations (NSSLAs). These... read more

 The Daily TribuneYesterday
SSC backs DU30 tax reform plan

The Social Security Commission (SSC) has given its full backing to the Comprehensive Tax Reform Program (CTRP) package that the Department of Finance (DoF) wants the Congress to approve to make the country’s taxation simpler, fairer and more efficien... read more

 The Daily TribuneYesterday
Developer fully acquires firm for railway projects

Cagayan de Oro-based real estate developer, A Brown Co., has spent P75 million for its full acquisition of the outstanding equity of the British Virgin Islands-based Blaze Capital Ltd. in a bid to participate in railway-related projects.In a disclosu... read more

 The Daily TribuneYesterday
Vitarich massive expansion plan bared

Iconic food and animal feed brand Vitarich Corp. has bared massive expansion in Luzon, Visayas and Mindanao to meet increasing demand for food and animal feeds across the archipelago, its president and chief executive officer Ricardo Manuel Sarmiento... read more

 The Daily TribuneYesterday
GBPC to hike RE stake

Global Business Power Corp., the power arm of Metro Pacific Investments Corp., said it intends to increase its renewable energy (RE) business to at least 20 percent of its current power capacity of 854 megawatts (MW).Jaime Azurin, the new president o... read more

 The Daily TribuneYesterday
ePLDT leads cyber security forum

ePLDT, Inc., an industry-leading provider of digital enterprise solutions including a complete suite of Cyber Security services, led the discussion on cyber security as an imperative component in ensuring the nation’s resiliency during the first Phil... read more

 The Daily TribuneYesterday
FedEx hails RP SMEs

Small and medium enterprises (SMEs) contribute significantly to the country’s economic upturn. For the last three years, SMEs have been hailed as drivers of economic growth as they generate jobs, promote innovation and elevate the economy.But competi... read more

 The Daily TribuneYesterday