Business

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The Association of Southeast Asian Nations’ (Asean) looming economic integration and the China’s Belt and Road initiative will shape the development of the region’s economies, in particular the Philippines, Finance Secretary Carlos Dominguez III said. During the recent 7th Executive Board Meeting of the China-Asean Bank Association (Caiba) at Shangri-La…

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A lot has been said about millennials, those born in the ‘80s and who came of age during the 21st century. While I don’t think it’s possible to generalize about such a big group of people, it is a fact that they grew up in a world quite different from…

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WE read a report recently from the mainstream, traditional media about a railway company in Japan apologizing deeply to its patrons for an unexpected departure of one its train services 20 seconds ahead of schedule! Even in the absence of one, single complainant, the train operator issued a formal statement…

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The country’s balance of payments (BoP) position hit a deficit of $368 million in October, the Bangko Sentral ng Pilipinas (BSP) reported on Monday, wider than the $183-million shortfall recorded a year earlier. “Outflows stemmed mainly from the foreign exchange operations of the Bangko Sentral ng Pilipinas (BSP) and payments…

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State-run Social Security System (SSS) said on Monday revenues as of September this year grew by 10 percent to P146.17 billion from P131.97 billion in the same period last year. In a statement, SSS said members’ contributions, which accounted for more than 80 percent of total revenues during the period,…

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The stock market eked out a slight gain on Monday with investors said to have taken heart from positive economic growth data and blue chip gains. The bellwether Philippine Stock Exchange (PSE) gained 10.90 points or 0.13 percent to close at 8,321.98. The wider All Shares, however, lost 2.07 points…

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The Association of Southeast Asian Nations (Asean) and trading partners Japan, China and South Korea have emphasized the need to pursue an open trading system for the region. In a joint statement released on Monday, the ASEAN +3 noted that in 2016 alone, total merchandise trade between the 13 states…

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LISTED property firm Megaworld Corp. on Monday said it was planning to build a business district in Cavite that is expected to generate total sales of up to P9 billion. Megaworld told the local bourse the development, dubbed as the Maple Grove Commercial District, will be situated at its 140-hectare…

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SYDNEY, Australia: West Zone concessionaire Maynilad Water Services, Inc. said it may build a third water treatment plant at its Putatan facility in Muntinlupa City if the planned Kaliwa Dam project in Quezon province is not constructed by 2021. In a news briefing, Maynilad Chief Operations Officer Randolph Estrellado said…

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US-BASED infrastructure solutions provider Panduit aims to double its market reach in the Philippines given the projected infrastructure and urbanization efforts in the country in the coming years. “We basically are looking at probably doubling our business in the Philippines in five years. We are already [doing good] in the…

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