Business

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The employment outlook for the country continues to be favorable although slower for the first quarter of 2014, according to the Business Expectations Survey (BES) of the Bangko Sentral ng Pilipinas (BSP). From the 31.7 percent in the last quarter of 2013, the employment outlook index slowed down to 23.6…

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Iloilo City, despite being hit by Super Typhoon Yolanda, is all set to bring the Information Technology-Business Process Management (IT-BPM) industry in the province to the same level as that of Bacolod and Cebu. In a statement, Jo Mari Mercado, president of IT Business Process Association of the Philippines said…

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The Bangko Sentral ng Pilipinas (BSP) is set to relax the identification requirement of banks to their customers in the typhoon-struck areas. Nestor Espenilla Jr., BSP deputy governor for Supervision and Examination Sector, said over the weekend that the Monetary Board (MB) has approved an additional relief for typhoon-affected banks,…

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IF the more affluent Filipinos were to give as much as many of the poorest among us are willing to sacrifice to be able to help the victims of calamities, chances are the intended beneficiaries would receive much more than what they have been receiving today. Let us go by…

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TOKYO: Globalization theorist Roland Robertson argues eloquently about glocalization—a genius blend of words between “globalization” and “localization” which attracted the attention of many Japanese business people in the late 1980s. This buzzword refers to the simultaneous application of global thinking with the local tradition. After more than two decades, Robertson’s…

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Business confidence continue to be bullish in the fourth quarter of the year as the overall confidence index (CI) rose to 52.3 percent, the latest Business Expectations Survey (BES) of the Bangko Sentral ng Pilipinas (BSP) showed. In a press briefing on Friday, the central bank said that the overall…

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The Department of Agriculture (DA) reported a 5-percent to 10-percent increase in upland farming areas as a result of the Agricultural Tramline System (ATS) project, which aims to reduce postharvest losses and cost in transporting crops. Rex Bingabing, executive director of the DA-Philippine Center for Postharvest Development and Mechanization (PhilMech),…

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SM PRIME Holdings Inc. President Hans Sy on Friday urged the government to upgrade the laws on properties and businesses to ensure that these anticipate extreme climatic realities and make businesses more sustainable and resilient. Sy told a news conference after speaking at the 2nd Top Leaders Forum at the…

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Philippine shares slid for the fifth day this week amid the aftermath from Super Typhoon Yolanda, the world’s most powerful storm that hit the country two weeks ago. For the five straight days, the local market has been closing on the red side with the Philippine Stock Exchange index (PSEi)…

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In line with its plan to export pre-cast materials in Singapore, Megawide Construction Corp. is mulling over the plan to also expand its construction business in one of the most progressive countries in Southeast Asia. Louie Ferrer, Megawide corporate information officer, told reporters on the sidelines of the Top Leaders…