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Mitsubishi Corp. has won the contract to supply 120 cars – equivalent to 30 train sets – for the Light Rail Transit  Line 1, the Japan International Cooperation Agency announced yesterday.

Megaworld Corp. is building a new central business district in General Trias, Cavite in the likes of the Makati CBD.

The benchmark Philippine Stock Exchange index managed to rise yesterday despite the absence  of market-moving news, analysts said.


Lack of money is the root of all evil, according to the famous author Mark Twain.

It was a surprise to read a statement issued by the state-run Social Security System early this month about plans to provide unemployment insurance benefits to its over 33 million active members as part of the proposed reforms in its Charter.

There is a gecko on his face, a tarsier on his neck and a snail on his shoulder. He believes in the gods and he believes in magic – black, white and what-have-you. He is a shaman, fighter and rebel. He is all these and more.

Latest Business News

Starmalls Inc., the listed commercial arm of Vista Land & Lifescapes Inc., grew its net income 34 percent in the nine months to September  on higher revenue.

First Gen Corp. registered a four percent drop in its nine-month net income ending September, pulled down by the losses incurred by one of its gas-fired power plants and the impact of an earthquake on its geothermal plant in Leyte.

President Rodrigo Duterte rallied support for micro, small and medium enterprises on Monday, calling them “game changers” that promote health competition in the market.

Development should not be linked to how democratic a country is, ports and casino tycoon Enrique Razon Jr. said.

President Rodrigo Duterte described China as "the number one economic powerhouse," as he stressed the importance of forging closer ties with the Asian power. Is China the world's top economy?

Local business leaders said the 31st ASEAN Summit should serve as a venue to address key economic and political issues in the region and to attract foreign direct investments.

Tycoon Andrew Tan is bringing the world renowned Ritz-Carlton hotel brand to the Philippines, marking the first time that the finest luxury brand will be in the country.

The Philippine Stock Exchange index is expected to gain more upward momentum this week and may be closer to the 9,000 level before the end of the year, traders said.

Alsons Consolidated Resources Inc., the listed company of the Alcantara Group, posted a 15.2 percent rise in net earnings from January to September due to the operations of its first coal-fired power plant in Mindanao.

D&L Industries, the listed manufacturer of specialty foods ingredients, expects to post a net income growth of 10 percent this year, hopeful the business environment has recovered from a lackluster first half and that its partnerships continue to translate to good business for the company.


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