Business

PH banks migrating to EMV chip card – Sterling Bank

September 17, 2014 10:06 pm

Banks in the Philippines are set to comply with the central bank mandate of replacing the magnetic strip cards used in all automated teller machines (ATMs) in the country with the more secure EMV (Europay, Matercard, Visa) chip technology by … Read more »

Meralco backs permanent secondary price cap at WESM

September 17, 2014 9:52 pm

THE country’s largest distribution utility supports the permanent imposition of a secondary price cap on power supply traded on the Wholesale Electricity Spot Market (WESM) to better protect consumers from price spikes. In a position paper submitted to the Energy … Read more »

China’s BAIC to launch alternative car brand in PH

September 17, 2014 9:49 pm

China’s state-owned Beijing Automotive Industry Holding Co., Ltd. (BAIC) said it will be making its official Philippine launch under a local joint venture known as Bayan Automotive Industries Corp. at the 2014 Campi Philippine Motor Show (PIMS), which opens today … Read more »

Peso extends slide, closes at 44.26: $1

September 17, 2014 9:46 pm

The peso extended its decline against the US dollar for a fourth day on Wednesday, shedding 3 centavos more to close at P44.26 to the dollar. On Tuesday, the local currency reached a four-month low, closing at P44.23 to $1, … Read more »

More stimulus measures seen as China boosts economy

September 17, 2014 9:45 pm

SHANGHAI: A reported $81 billion injection into China’s major banks is probably the first of a series of fresh stimulus measures by Beijing to boost its flagging economy, the world’s second largest, analysts said on Wednesday. Online portal Sina on … Read more »

Right-sizing and risk management

September 17, 2014 9:44 pm

Amid the evolving business landscape, the common mindset of enterprises is to go big to compete. This approach, however, cannot be held true for all cases because in some, finding the right size—one that is feasible and sustainable—is the better … Read more »

PH shares rise on China stimulus, Wall St gains

September 17, 2014 9:43 pm

Local equities returned to the 7,200-point territory as the benchmark stock index mirrored gains from global markets, boosted by the announcement of new China stimulus for banks. The Philippine financial markets as well as most Asian and European markets were … Read more »

VP Binay highlights need to harmonize mining laws

September 17, 2014 9:41 pm

VICE PRESIDENT Jejomar Binay called on government policymakers and regulators to work on harmonizing national and local laws to resolve key issues confronting the country’s mineral sector. In his speech at the Mining Philippines 2014 Conference and Exhibition, Binay detailed … Read more »

Asean building trade repositories

September 17, 2014 9:40 pm

The Association of Southeast Asian Nations (Asean) is building a regional Trade Repository, a web portal that will provide all information needed by a trader to conduct his business, particularly related to trade regulations and requirements. In the Philippines, the … Read more »

TV5 to invest P700M in migration to DTT TV

September 17, 2014 9:37 pm

THE Associated Broadcasting Corp. (ABC), which operates TV5, is pouring between P500 million and P700 million in fresh capital into its operations in preparation for the migration to digital television terrestrial TV (DTT). TV5 President and Chief Executive Officer Emmanuel … Read more »