EconomyLoop
where regional business news becomes global to everyone

Citystate Properties to launch 2nd phase of Sandari Batulao

CITYSTATE Properties and Management Corp. (CPMC) will launch the second phase of its Sandari Batulao development with wellness activities for guests, brokers and sellers on March 10 at the project site in Nasugbu, Batangas. The launch of Dima, a 19-h... read more

 Business Mirror48 days ago

     
IC seeks policy reforms to drive industry growth

The Insurance Commission (IC) is eyeing a number of reforms to further strengthen the country’s insurance industry, which include increased efforts on the sale of microinsurance products and a move to go digital to adapt to changing times. Insurance ... read more

 Business Mirror48 days ago
Fruit mania grips speculators in China

In just four hours this week, Chinese speculators traded as many apples as the country consumes in three months. That’s about 60 billion of the Fuji variety, enough to keep the doctor away for a very, very long time. In an extraordinary bout of tradi... read more

 Business Mirror48 days ago
Farm-gate price of palay breaches P20/kg

The average farm-gate price of unmilled rice rose for the eighth straight week and breached P20 per kilogram for the first time in nearly three years, according to the latest data released by the Philippine Statistics Authority (PSA). In its weekly p... read more

 Business Mirror48 days ago
Discovery completes SNI acquisition

Discovery Communications, Inc. recently announced that the company has successfully completed its acquisition of Scripps Networks Interactive, Inc. (SNI). The combined company will be officially known as simply Discovery, Inc.“Today marks another cri... read more

 The Daily Tribune49 days ago
De Joya arts exhibit still on

Ongoing at the Sunshine Place until March 15 is Minette de Joya’s art exhibit, a collection of her paintings representing not a central theme but rather a myriad of nuggets she picked up in her personal journey. These artworks make up the ‘Inscriptio... read more

 The Daily Tribune49 days ago
Capital One promotes innovation in workplace

Since 2013, Capital One Phils. Support Services Corp. has been investing in its Filipino associates by powering their workplace through tech innovations. Recognizing that companies are being transformed by technology, the financial services firm beli... read more

 The Daily Tribune49 days ago
Teleperformance bares bigger recruitment hub

Teleperformance, the world’s leading provider of outsourced omnichannel customer experience management services, unveiled its bigger and better Recruitment Center at the company’s business site in Ayala Ave. cor. Amorsolo St., Makati City.Inspired by... read more

 The Daily Tribune49 days ago
Alabang West Village lot prices rise 50%

Prices of lots in Alabang West Village of Megaworld’s subsidiary Global-Estate Resorts, Inc. (GERI) have gone up by as much as 50 percent, just a little over three years after its launch.From P47,000 per square meter in November 2014, Alabang West Vi... read more

 The Daily Tribune49 days ago
Tagaytay Highlands offers new features

Tagaytay Highlands, the country’s premiere mountain resort, has reinvented it self with the immersion of several developments that aim to cater the young professionals, millennials without waning its fabulous image when it was first introduced 24 yea... read more

 The Daily Tribune49 days ago
Miascor to DU30: Have mercy on us

Thousands of employees of Miascor Corp. are now praying that President Duterte reconsiders his decision to remove them from NAIA as an effect of the thievery that victimized one contract worker months ago.Miascor personnel are now more worried after ... read more

 The Daily Tribune49 days ago
RCBC dollar notes get Moody’s stable rating

Moody’s Investors Service has assigned a Baa2rating to Rizal Commercial Banking Corp.’s (RCBC, Baa2 stable, baa3) proposed dollar denominated senior unsecured notes, issued under its $2 billion Euro Medium-Term Note (EMTN) program. The bond will be l... read more

 The Daily Tribune49 days ago
RP resilience against climate change pushed

Finance Sec. Carlos Dominguez has underscored the urgency of the national and local governments working together to improve the resilience to climate change of communities most vulnerable to extreme weather events. To help national and local governme... read more

 The Daily Tribune49 days ago
Contract signing for DU30’s priority infra projects set

The government is set to sign agreements with the Chinese state for some of the Duterte administration’s priority infrastructure projects.Finance Usec. Edita Tan said the loan agreement signing for the Chico River projects is tentatively scheduled in... read more

 The Daily Tribune49 days ago
Land prices in Megaworld’s Alabang project rose 50%

PRICES of lots in Alabang West Village of Megaworld Corp.’s unit Global-Estate Resorts Inc. (Geri) have gone up by as much as half, just a little over three years after its launch, the company said. From P47,000 per square meter in November 2014, Ala... read more

 Business Mirror49 days ago
LBC to buy Araneta family’s US business

COURIER business operator LBC Express Holdings Inc. announced on Thursday that it is buying Araneta family’s cargo and remittance companies based in the United States and its territories. The Araneta-led companies also use the LBC brand but are curre... read more

 Business Mirror49 days ago
Jollibee bites large in US burger chain

JOLLIBEE Foods Corp. (JFC) said it has completed the deal to increase its shareholdings in Denver, Colorado-headquartered Smashburger Master Llc. to a controlling stake as “the Filipino company with a smiling bee for a mascot” moved to refinance the ... read more

 Business Mirror49 days ago
BIR files P133.84-million tax-evasion complaint vs Rappler Holdings

The Bureau of Internal Revenue (BIR) has filed a criminal complaint against Rappler Holdings Corp. (RHC) on Thursday at the Department of Justice (DOJ) for willful attempt to evade or defeat tax and for deliberate failure to supply correct and accura... read more

 Business Mirror49 days ago
China seen releasing part of $7-billion loan commitment

The Department of Finance (DOF) disclosed on Thursday that a number of loan agreements with China to finance a number of infrastructure projects under the Duterte administration will be signed this year. DOF Assistant Secretary Maria Edita Z. Tan tol... read more

 Business Mirror49 days ago
Artificial insemination can help improve goat breed–BAR

A technology widely used for cattle and swine can also help goat raisers improve the breed of their herd and double their income, according to the Bureau of Agricultural Research (BAR). The BAR, an attached agency of the Department of Agriculture (DA... read more

 Business Mirror49 days ago
Board responsibility for strategy

More and more these days are board of directors expected to be responsible for the success or failure of their companies. They are no longer seen as superannuated observers of the efforts of management to bring about profits and fight for competitive... read more

 Business Mirror49 days ago
Campos-led Del Monte Pacific suffers net loss in its fiscal Q3

CAMPOS-led Del Monte Pacific Ltd., which is listed both at the Philippine and Singapore stock exchanges, said it posted a loss during its fiscal third quarter ending January on one-off items, as it needed to close down some of the facilities in the U... read more

 Business Mirror49 days ago
Government OKs sales of CAT’s land, Intellicare’s shares

THE country’s antitrust agency has approved the purchase by Ayala Land Inc. (ALI) of 290 hectares of land owned by Central de Azucarera de Tarlac (CAT). The Philippine Competition Commission (PCC) also approved the same day Fullerton Healthcare’s acq... read more

 Business Mirror49 days ago
Asian stocks dip as investors watch ripples of US tariff tack

SEOUL, South Korea—Asian stock markets fell on Wednesday after the surprise departure of President Donald J. Trump’s top economic adviser, who was the administration’s leading internal opponent of his planned tariffs on imports of steel and aluminum.... read more

 Business Mirror49 days ago
Lego’s new CEO to combine apps with legendary building blocks

THE man running Lego A/S wants to merge the toy maker’s iconic building blocks with digital gadgets to help revive a slump in sales. “We see this as a way of keeping children interested for a longer time, also for later age groups,” CEO Niels B. Chri... read more

 Business Mirror49 days ago
Insular Life appoints new chief  agency distribution officer

Insular Life Executive Chairman Nina D. Aguas announced the appointment of Raoul Antonio E. Littaua as the company’s new senior executive vice president and chief agency distribution officer. Littaua brings with him close to 30 years of extensive exp... read more

 Business Mirror49 days ago
DOF approves four climate-change projects

The People’s Survival Fund (PSF) Board on Wednesday signed a financing agreement with local government units (LGUs) for the implementation of four projects in various areas nationwide amounting to P191.7 million. Finance Secretary Carlos G. Dominguez... read more

 Business Mirror49 days ago
DBM eyes system to monitor government projects

The Department of Budget and Management (DBM) announced on Wednesday that it will adopt the Department of Science and Technology (DOST)-developed system for DBM monitoring of government projects to speed up implementation and reduce wastage. Budget S... read more

 Business Mirror49 days ago
Vanilla production in Uganda surges as farmers battle thieves

Uganda, the world’s fourth-biggest vanilla exporter, is boosting output to benefit from prices for the flavoring that’s more valuable than silver and have forced growers to hire armed guards to deter thieves. The landlocked East African nation will p... read more

 Business Mirror49 days ago
House wants to develop ‘malunggay’ industry

The House Committee on Agriculture and Food approved a substitute bill seeking to develop and strengthen the malunggay industry in the Philippines due to its benefits to public health. The substitute bill seeks to promote the production, processing, ... read more

 Business Mirror49 days ago
Russian vehicles enter RP market

Eastern Petroleum Group of Companies recently said it received the first batch of light commercial vehicles from GAZ Group Light Commercial Vehicles Llc.“We have received the Gazelle Next Van and Gazelle Next Cityline and are warehoused in our facili... read more

 The Daily Tribune49 days ago
More PAL flights to Australia

Four-star carrier Philippine Airlines is increasing flights between Manila and Melbourne amidst the surge of passenger traffic along the route. Beginning June 1 this year, the flag carrier will operate five weekly Manila-Melbourne frequencies from th... read more

 The Daily Tribune49 days ago
Wenceslao company eyes to raise P15.5B via IPO

D.M. Wenceslao & Associates, Inc. (DMWAI), the 53-year-old integrated property developer and construction company of the Wenceslao family, has filed with the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE) application... read more

 The Daily Tribune49 days ago
RP vapers laud US Cancer Society’s take on e-cigs

Vapers in the Philippines lauded the latest position statement of the American Cancer Society (ACS) declaring the organization’s cautious support for e-cigarettes as a tool to help individuals quit smoking combustible tobacco products. “These individ... read more

 The Daily Tribune49 days ago
Sobriety, protection sought for Boracay

Stakeholders in the tourism industry has called on the national government to show sobriety over the current condition of Boracay, which is set for total disclosure unless all the mistakes pointed out by President Duterte will be corrected within two... read more

 The Daily Tribune49 days ago
NTC suspends Globe service provider over ‘stolen load’

The National Telecommunications Commission (NTC) has suspended GotDeals Mobile Inc., a value-added service (VAS) provider of Globe Telecom, in connection with a complaint of “disappearing” mobile phone load credits.In the summons issued on Feb. 28, 2... read more

 The Daily Tribune49 days ago
Teleperformance vows to open more sites

THE local business of Euronext-listed Teleperformance SE announced plans to create more jobs and sites in the country following the Philippines office’s unveiling on Wednesday of a bigger recruitment hub along Ayala Avenue corner Amorsolo Street in M... read more

 Business Mirror49 days ago
D.M. Wenceslao files for P15.5-billion IPO

D.M. Wenceslao and Associates Inc., a 53-year-old property developer and construction firm, said on Wednesday it will again try to become a listed company, more than two years after it decided to suspend its plan to become public. The company said it... read more

 Business Mirror49 days ago
Grant Thornton Global CEO: ‘Culture is business strategy’

In an era of disruption and uncertainty, corporate culture—and not technology—will make or break companies and organizations, said the head of one of the world’s biggest auditing firms. While many companies are starting to invest in artificial intell... read more

 Business Mirror49 days ago
ICTSI’s 2017 income flat on higher costs, charges

INTERNATIONAL Container Terminal Services Inc. (ICTSI) said its income was flat last year, hurt by  higher interest and financing charges, higher depreciation and amortization expenses, start-up costs at the company’s terminal in Australia and the wi... read more

 Business Mirror50 days ago
How does your garden grow?

Mary, Mary quite contrary How does your garden grow? With silver bells and cockle shells And pretty maids all in a row ­—Mother Goose Nursery Rhymes I spent one weekend observing (aspiring and existing) farmers testing a soil’s suitability for planti... read more

 Business Mirror50 days ago
Associations and tourism: Redux

I am bringing back (hence the word, redux) but updating my January 4, 2017, column as my organization, the Philippine Council of Associations and Association Executives (PCAAE), recently forged a collaboration with the Tourism Promotions Board (TPB) ... read more

 Business Mirror50 days ago
Palm futures may rise to 2,700 ringgit/ton by June, Mistry says

Godrej International Ltd.’s Dorab Mistry is turning slightly bullish on palm oil. Benchmark palm oil futures may gradually rise to 2,700 ringgit ($690) a ton by June, the highest level since last November, Mistry said at an industry conference in Kua... read more

 Business Mirror50 days ago
Existing policies not enough to protect sardines–experts

Citing a recent study, experts said sardines are getting smaller and smaller, and they spawn earlier to adapt to heavy fishing pressure and changes in the environment. Unless the government acts with dispatch, experts fear that the sardine species ma... read more

 Business Mirror50 days ago
Insurance Commissioner Funa commends Eternal Plans

Insurance Commissioner Dennis B. Funa commended Eternal Plans Inc. for staying strong and resilient in the face of the many challenges besetting the local preneed industry today. In a message for the 37th anniversary of Eternal Plans, Funa also laude... read more

 Business Mirror50 days ago
DTI-EMB intensifies support to local MSMEs

IN support of President Duterte’s “AmBisyon Natin 2040,” the collective long-term vision and aspirations of the Filipino people for themselves and for the country in the next 25 years, the Export Marketing Bureau (EMB) of the Department of Trade and ... read more

 Business Mirror50 days ago
Ifex Philippines 2018 makes waves with exciting seafood edition

GLOBAL buyers are up for an exciting showcase of the Philippines’s premier seafood and other food segments in the International Food Exhibition (Ifex) Philippines, the country’s biggest export-oriented food show, from May 25 to 27 at the World Trade ... read more

 Business Mirror50 days ago
HIMS holds business forum, outreach in US

HOUSTON, Texas—The Philippines Healthcare Information Management Services (HIMS) Trade and Investment Roadshow to the United States, with the theme “Unlocking Opportunities. Embracing Innovation,” held a business forum and outreach in Houston, Texas,... read more

 Business Mirror50 days ago
Airbus Foundation launches youth dev’t program in RP

The Airbus Foundation, together with its partner “The Little Engineer” has launched the “Airbus Little Engineer” program in the Philippines. The goal of the initiative is to encourage students between the age of 10 and 16 to understand and embrace te... read more

 The Daily Tribune50 days ago
Aboitiz expands Cebu scholarship program

When Junie Valendez decided he wanted to pursue engineering in college, even his family did not think he was serious.His father, a carpenter, and his mother, a housewife, were grounded by reality. With four other children to take care of, they just d... read more

 The Daily Tribune50 days ago