More articles about: Money

Cavite province has canceled the construction award granted to the Chinese-Filipino venture vying to build the much-awaited Sangley Point International Airport (SPIA). According to Cavite governor Jonvic Remulla, the parties involved, namely China Communications Construction Co. Ltd. and Lucio Tan’s MacroAsia Corp. ...

A spat erupted Tuesday between Jeff Bezos and Elon Musk as the tech titans' space firms exchanged barbs over their rival satellite internet projects being evaluated by regulators.Amazon, founded and led by Bezos, put out a statement claiming Musk's rival SpaceX project ...

Interest in chocolates may have spiked here in the Philippines and the rest of Southeast Asia last year in the midst of the pandemic, but business isn’t looking so good for at least one famous brand. Godiva Chocolatier announced that it will close down ...

Podcast Network Asia (PNA), a Filipino podcasting startup, has raised $750,000 (P36 million) in its latest round of seed funding from investors Lisa Gokongwei, president and CEO of Summit Media and head of JG Summit’s digital transformation office; Foxmont Capital, a Filipino-focused ...

For its 2021 forecast, Kia Philippines held a virtual round-table conference with the media, as Kia Philippines President Manny Aligada announced its sales project to hit not just double but triple digit growth and poising to doubling its market share this 2021. ...

John Paul L. Ang, currently the president and CEO of Eagle Cement Corp., has been elected to join the board of directors of San Miguel Corporation (SMC), which is headed by his father, SMC’s president and COO Ramon S. Ang.John Paul Ang ...

Filinvest Land Inc. is set to get into the real estate investment trust (REIT) business when it turns its wholly owned subsidiary Cyberzone Properties Inc. (CPI), into an REIT company that will be listed in the Philippine Stock Exchange. CPI’s office buildings that ...

Nissan is closing its production facility in Laguna, which effectively ends its assembly operations in the Philippines, the Department of Trade and Industry announced on Thursday, January 21. The DTI said Nissan informed the agency that it will cease aseemblig its Almera model ...

Bank of the Philippines Islands (BPI) will merge with BPI Family Savings Bank (BFSB), the country’s biggest thrift bank, later this year. BSFB is a wholly owned subsidiary of BPI, which will be the surviving entity following the merger.The integration of BPI ...

Jack Ma has resurfaced, according to a Reuters report. The Chinese tycoon made an appearance in a live video meeting on January 20, 2021, after almost three months of radio silence, with many speculating as to the cause of his sudden disappearance. Ma ...

Shell is looking to diversify its portfolio of businesses in the country and is specifically looking toward cleaner energy sources to meet the growing needs in the country. “You can expect bigger things from Shell Energy Philippines Inc. as its focuses on delivering ...

The Philippines is one of the countries where the pandemic didn’t stop the increase of wages, according to research and analytics company Picodi. The minimum wage increased by 3.4 percent from P7,139 in 2020 to P7,385 in 2021. The Philippines is 28th place ...

Grab is reportedly exploring an initial public offering (IPO) in the United States later this year. Reuters reports that the ride-hailing and food delivery giant is encouraged by robust investor appetite for IPOs. The IPO could be worth at least $2 billion (P96.1 billion).Reuters’ ...

Is shuttered television network ABS-CBN partnering with Pangilinan-led Cignal, which also operates free TV channel TV5? It may be happening "sooner than expected," reputed entertainment columnist Ricky Lo reported, citing a source. ABS-CBN has yet to respond to reportr's request for comment on the matter. On Monday, shares ...

This year, the Philippines is commemorating the 500th anniversary of Magellan’s landing in the Philippines. We all know the story of how Lapu-Lapu and his warriors killed the Spanish explorer and drove out his men in the Battle of Mactan that happened ...

Leòn Gallery will hold Leòn Exchange Online Auction 18 on January 23 (Saturday) and January 24 (Sunday), starting at 11 a.m. Guest curated by medical practitioner and design consultant Dr. Joel Malixi, the weekend event features art, prints, jewelry, and watches on Day 1: ...

Millions were laid off from their hospitality jobs around the world over the past year due to the COVID-19 pandemic, while the demand for healthcare workers and e-commerce frontliners skyrocketed. As everyone transitioned to digital and to remote work, the need for ...

When it comes to leadership, it looks like women are more competent and effective than men, especially when there’s a crisis. This is the conclusion of the latest study diving into management and gender by U.S. researchers and businessmen Jack Zenger and ...

It’s easy to jump to the conclusion that the world’s biggest and most valuable companies, like tech giants Apple and Facebook, would be the best places to work. There’s a lot to be said about the connections employees gain at these Silicon ...

The rehabilitation of the Ninoy Aquino International Airport has been on the table for years, but after two failed bids from the private sector, the government might just “do it on its own,” said finance secretary Carlos Dominguez.Years of tumultuous planning and ...