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US-based technology and manufacturing company Emerson officially opened a new shared service facility in the country on Thursday which will provide training and services to its global, regional and local customers, and space to accommodate future growth. This $35-million Quezon City Shared Service facility, together with the Emerson Process Management…

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GT Capital Holdings Inc has surpassed its profit growth target for 2014 with a P9.1 billion net income, a 38 percent increase from the preceding year, based on the strong performance of its automotive, power and real estate component companies. The 38-percent increase in core net income also exceeded the…

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BDO Unibank Inc has shortened its offer period for long-term negotiable certificates of deposits (LTNCD) and hiked its offer on oversubscription from an initial P5 billion to P7.5 billion. “(The offer) closed on March 25 for the P5 billion LTNCDs, two days ahead of schedule. With more than two times…

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SM Investments Corp. (SMIC) plans to raise fund for 40 percent of its P85 billion capital-spending program this year a—either through a bank loan or bond issue, Jose Sio, SMIC chief financial officer. “(The 2015 capital expenditure) is P85 billion. Usually one-third or 40 percent of that will be outside…


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Chevron Philippines Inc. (CPI) has teamed up with Robinsons Holdings Inc. (RRHI), the second largest multi-format retailer in the country, to allow its loyal customers to earn points and discounts when they fuel up at Caltex gas stations. CPI Country Chairman Peter Morris said motorists that fill up at Caltex…

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Canadian miner TVI Pacific Inc. on Thursday said it is anticipating the listing of its local affiliate on the Philippine Stock Exchange (PSE) later this year. In the company’s 2014 yearend financial report, TVI president and chief executive officer Clifford James said they plan to issue shares of local affiliate…

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COLOMBO: A Sri Lankan man suffered a fatal heart attack after being presented with a shocking electricity bill, a media report said Saturday. The 61-year-old victim had protested at the Ceylon Electricity Board in Colombo Friday that his bill had suddenly spiked, the Ceylon Today newspaper said. It said the…

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MONTREAL: Another Quebec mayor resigned Friday amid sex allegations, bringing to four the number of municipal leaders in the Canadian province to quit in disgrace in recent months. Alexandre Duplessis, the interim mayor of Laval, announced he was stepping down after being accused of soliciting sex with a prostitute, which…

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DAKAR: United States (US) President Barack Obama sought on Thursday (Friday in Manila) to calm tensions surrounding fugitive intelligence leaker Edward Snowden’s stay in a Moscow airport as it appeared he did not possess documents allowing him to travel further. Snowden, who is wanted by the US authorities for leaking…

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CAIRO: Fears mounted of a bloody showdown between supporters and opponents of Egypt’s Islamist President Mohamed Morsi on Friday after one activist was killed in the latest violence to cloud the Arab world’s most populous democracy. Islamist groups called on their supporters to camp out indefinitely in a Cairo square…

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DAMASCUS: A suicide bomber killed at least four people in a Christian area of the Syrian capital on Thursday (Friday in Manila) as aid groups said they cannot keep pace with the ever-growing suffering. State media said the “terrorist” bomber struck near a church of an order of the Maronite…

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JERUSALEM: United States (US) Secretary of State John Kerry met for nearly four hours into Friday morning with Israeli Prime Minister Benjamin Netanyahu in his latest bid to revive Middle East peace talks. On his fifth visit in as many months, Kerry met for dinner on Thursday with Netanyahu at…

Today's Breaking News

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THE government through the Overseas Workers Welfare Administration (OWWA) will extend full assistance to the families of seven Filipinos who were victims of terrorist  attack in Yemen. OWWA Administrator Carmelita Dimzon said the agency was directed by Labor Secretary Rosalinda Dimapilis-Baldoz to provide help to the families of the Overseas…

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VICE President Jejomar Binay on Tuesday ordered the review of the old Comprehensive Land Use Plans (CLPUs) of local government units that were severely affected by typhoon Yolanda. Binay said the review of CLUPs will focus on the effects of climate change and the adoption of risk reduction measures. “In…

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ON International Human Rights Day, Media Defense Southeast Asia (MDSEA) pressed three members of United Nations special bodies to intervene in the spate of attacks against Filipino journalists. In its four-page update with urgent appeal sent to the UN on Tuesday, MDSEA president and lawyer Harry Roque urged three bodies…

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“Least of contaminants but a contaminant nonetheless.” This was how a product specialist on one of the biggest oil companies in the Philippines has described manganese on local fuels During a luncheon meeting, Jude Porras, specialist, Product Engineering of Chevron Philippines Inc. said that after saying that manganese is one…

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The death toll from super typhoon “Yolanda” (Haiyan) rose to 5,936 while the affected persons have reached 12 million, the National Disaster Risk Reduction and Management Council (NDRRMC) said on Tuesday. The running total of the death toll is broken into at the Calabarzon (Cavite, Laguna, Batangas, Rizal and Quezon…

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The peace process between the Government of the Philippines (GPH) and the Moro Islamic Liberation Front (MILF) continued to gain headway with the completion and signing of another important document, the Annex on Power Sharing in the Framework Agreement on the Bangsamoro (FAB) at the end of the 42nd exploratory…