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Top Business News

Banking giant Citigroup, fast food master KFC and elevator-maker Otis are planning to expand activities in France thanks in part to what they call the "Macron effect" - a surge in investor optimism driven by the French president's pro-business promises.

Profit taking resulted in the biggest net outflow of foreign portfolio investments in almost a year with $563.21 million in speculative funds leaving the country in October.

The stock market recovered yesterday, gaining 77.55 points, or 0.93 percent, to close at 8,343.23 on bargain hunting, traders said.


I got some grief from ladies who called me insensitive for referring to Myanmar leader Aung San Suu Kyi as “that woman” during a recent interview.

After Jack Ma mocked the internet service our telcos provide, I was hoping an overnight miracle will boost the quality of our broadband connectivity.

Latest Business News

The Board of Investments recently approved the application of nine renewable energy projects valued at P26.7 billion.

Agriculture trading firm AgriNurture Inc. almost doubled its net income for the nine-month period on the back of higher sales.

The National Book Store Group has decided to abandon plans to do a backdoor listing.

Local firm H&WB Asia Pacific (Pte Ltd.) Corp. and French energy developer Sabella SAS are close to start constructing Southeast Asia’s first ocean power plant, which will power up off-grid areas in Northern Samar.

President Duterte is expected to sign a memorandum circular directing government agencies to fasttrack the determination of other business sectors that can be opened up to foreign participation.

Net earnings of NLEX Corp. rose 16 percent in the first nine months from a year ago, driven by higher revenue and traffic on tollways.

The government has released the implementing guidelines granting incentives to merging and consolidating rural banks to further strengthen and enhance the viability of the banking system.

ABS-CBN Corp. and Ayala Malls have launched a tent venue within the Ayala Vertis North Complex in Quezon City for special events, live shows, product launches, exhibits and concerts.

The Philippines is expected to import more rice next year as local production will still not be able to cover the national demand for the country’s main staple, the United States Department of Agriculture said.

Net income of GMA Network Inc. declined 25 percent in the first nine months from a year ago amid the absence of election-related ads and slight increase in expenses.


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