At a Glance

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HYUNDAI Asia Resources Inc. (HARI) posted 21 percent growth in July 2017 to 3,594 units compared to the same month last year. This propelled HARI’s year-to-date sales to 20,960 units, up 8 percent year on year. “The commitment of HARI in fostering a culture of excellence continues to manifest as…

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THE Department of Trade and Industry (DTI) and Kultura, the country’s largest retailer of homegrown products, signed an agreement on March 24 to open Go Lokal! stores at SM Makati. “Kultura and Go Lokal! are complementary avenues to help our local MSMEs [micro, small and medium enterprises] gain retail foothold…

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THE Department of Trade and Industry (DTI), in partnership with Robinsons Department Store, launched its first mainstream Go Lokal! store at Robinsons Place Manila last Friday, March 24. “DTI is excited to open its first mainstream Go Lokal! store with Robinsons Department Store as its dynamic partner in this effort…

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Megaworld Corp. has reportedly begun construction of the seventh building in its McKinley West project in Taguig City. According to property monitor Jones Lang Lasalle, the building is slated to contain 32,000 sqm of leasable office space on 17 floors.

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Ayala Land Inc. (ALI) announced it plans to open a mall within PAGCOR’s Entertainment City complex in Parañaque City sometime in 2017. Once completed, according to the company, the mall would be the largest commercial complex in the country, occupying a nine-hectare property owned by Wenceslao Group. A 12-story hotel…

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Robinsons Retail Holdings Inc. (RRHI) has announced it will add 200 stores to its existing network of 1,506 stores nationwide this year. Among these will be 20 new supermarkets and 20 Ministop convenience stores, the company said, with the remainder likely to be new stores for its South Star Drug…

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Travellers International Hotel Group, owner of the Resorts World Manila complex near NAIA in Pasay City, will allocate $216.8 million for completion of the second and third phases of the project, increasing the number of hotel rooms from 1,700 to 2,645. Phase Two is currently scheduled for completion in September,…

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WASHINGTON, D.C.: Most of the regions in the US economy were growing only modestly during the April-May period, with lackluster consumer spending, according to the Federal Reserve’s Beige Book survey on Wednesday (Thursday in Manila). But the report noted that the outlook in a number of areas was “generally optimistic,”…

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SEOUL: South Korea’s economy grew just 0.5 percent in the first quarter, the Bank of Korea said on Thursday — a shade higher than originally estimated but weighed down by an extended export slump. The revised on-quarter growth figure for the January-March period was slightly up on the central bank’s…

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VIENNA: Organization of the Petroleum Exporting Countries (OPEC) was expected on Thursday to keep the oil gushing as a modest recovery in the crude price eases pressure on a cartel riven by Iranian-Saudi rivalry to cut output. Traditionally the OPEC, holding its bi-annual meeting in Vienna, has cut production to…

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