CLARK, Pampanga — The Philippine Airline announced on Friday to expand their operations at Clark by 2017, eyeing Japan route. This was gleaned during the launch of the inaugural flight…
Category: Business
PAL starts operations at Clark International Airport this week
MANILA — Flag carrier Philippine Airlines (PAL) signed a memorandum of agreement (MOA) with Clark International Airport Corporation (CIAC) on Tuesday, as the carrier’s domestic flights will begin operating in…
Coca-Cola FEMSA reaffirms USD1-B expansion in PHL
MANILA — Coca-Cola FEMSA has reaffirmed its USD1.0 billion investment in the Philippines in the next five years. During the “Trabaho, Negosyo, at Kabuhayan-Employment and Livelihood Summit” on Thursday, Trade…
PNB Savings Bank offers digital loan facility
MANILA — PNB Savings Bank, a unit of the Philippine National Bank (PNB), has launched the Smart Salary Loan, a digital salary loan facility for convenient loan application and approval.…
Region 1 tops in employees’ compensation awareness
DAGUPAN CITY — Region 1 had the highest awareness rate last year as far as the Employees’ Compensation Program (ECP) is concerned among all regions throughout the country. This was…
PLDT revamps management team
MANILA — PLDT Inc. (PLDT) has revamped its management team as it seeks to strengthen its digital services for its customers. The group will be led by Eric R. Alberto…
Philex Mining nets PHP1.36B in 9 months
MANILA –Profits of listed Philex Mining Corp. grew its profit by 59 percent in the first nine months of 2016 on higher revenues and lower costs and expenses. Net income…
Gold price closes lower in Hong Kong
HONG KONG — The gold price in Hong Kong went down 353 HK dollars to close at 11,778 HK dollars per tael on Thursday, according to the Chinese Gold and…
Japanese firm eyes USD17-B infrastructure, utility projects in PHL
MANILA — Marubeni Corp. is eyeing infrastructure and utility projects in the Philippines, according to a document which Trade Secretary Ramon Lopez shared with Manila-based reporters. Lopez joined President Rodrigo…
BSP revises rules on dormant accounts, bank fees
MANILA – – The Bangko Sentral ng Pilipinas (BSP) has revised the rules on dormant deposits and bank fees to further protect the public. Currently, bank accounts that are considered…
Customs bureau says 7 ports exceeded collection targets for Sept.
MANILA — Seven out of the country’s 17 port districts have surpassed their revenue collection targets for the month of September, the Bureau of Customs has said. In a statement…
Tax hike on cars to dampen sales, manufacturers say
MANILA — Car manufacturers expect sales of automotive vehicles to dampen upon implementation of the proposed hike of excise tax on automobiles. Mitsubishi Motors Philippines Corp. (MMPC) First Vice President…
South Cotabato pushes for expansion of jewelry-making businesses in T’boli town
GENERAL SANTOS CITY — South Cotabato is pushing for T’boli town’s thriving jewelry-making ventures to become the province’s next flagship industry. Nencita Acain, mines and geosciences division chief of the…
Samsung Vietnam says no cuts in jobs, exports this year despite Note 7 woes
HANOI — Samsung Vietnam will maintain its current staff numbers and its exports target in 2016 despite the parent company scrapping its flagship Galaxy Note 7 phone following a series…
China urges Samsung to better protect consumers’ rights
BEIJING — Samsung should make earnest efforts in follow-up work to recall Galaxy Note 7 smartphones and protect the legitimate rights of Chinese consumers, an official with China’s top market…
Mall owners to implement ‘no weekday sales’ starting November 1
MANILA — Mall owners have agreed with the proposal of the Inter-Agency Council on Traffic (I-ACT) not to conduct weekday sales and adjust operating hours in a bid to ease…
Gov. Espino confirms multi-billion dollar investments coming to Pangasinan
LINGAYEN, Pangasinan — Governor Amado Espino III has confirmed that a Quatar-based multi-billion dollar company has presented a formal proposal to the province to build an Energy City Project in…
German parliament proposes to abandon Petrol, Diesel cars in EU by 2030
MOSCOW — Bundesrat, the lower house of Germany’s parliament, issued a decree proposing to abolish use of cars fueled by petrol and diesel on the territory of the European Union…
Benguet mining firm insists it passed environment audit
MANKAYAN, Benguet – Lepanto Consolidated Mining Corporation (LCMC), one of the country’s 20 mining companies recommended to suspend its operation, declared there was no reason to do so, insisting it passed the environment…