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The stock market continued its record run,  breaching the 8,500 level for the first time yesterday as investors cheered the recent developments in war-torn Marawi and the record high levels attained by global equities markets,  analysts said.

European investors in the Philippines said there is no reason for them to pack up and leave amid President Duterte’s continued tirades directed against the European Union.

Sales of power distributor Manila Electric Co. went up over four percent in the first nine months of 2017 – a significant growth coming from a high base last year – following a strong third quarter performance, its top official said yesterday.


What is the best way to measure Congress’ performance?

I was present at the opening of Buglasan 2017 in Negros Oriental last Friday (Oct. 13) where President Rodrigo Duterte was the guest of honor.

I have mixed feelings about what to do with the jeepneys.

Latest Business News

Philab Holdings Corp. has announced the return of Tom Navasero as chairman following the resignation of incumbent president and CEO Darlene Berberabe.

Filipino mobile phone manufacturer Star Telecom Alliance Resources Inc. is expanding the retail distribution of its Starmobile feature phones by including sari-sari stores and loading stations to reach underserved markets.

The Japan International Cooperation Agency (JICA), through a technical cooperation program, is testing in select pilot schools in Cebu City the use of a Japanese active learning technique that can improve student engagement in classrooms.

Ayala Education Inc., the investment arm of conglomerate Ayala Corp. for the education sector, is looking to acquire more schools within the next 12 months as part of its growth strategy.

The Philippines expects to hit its seven million foreign arrivals target with the help of a referral incentive program, the Department of Tourism (DOT) said.

Officials of the House of Representatives questioned the Energy Regulatory Commission on why it has not yet approved contracts of power supply generators even if it has already taken them at least five years to study their applications.

The national government provided P6.09 billion in financial support to government-owned and-controlled corporations in August, 17.79 percent lower than the P7.40 billion in subsidies extended to state firms in the same period in 2016, data from the Bureau of the Treasury (BTr) showed.

PLDT Inc. is making Long Term Evolution (LTE) and new data offers available for Sun subscribers across the country this month following the launch of the 4G service for the mobile brand in Metro Cebu.

The Asian Development Bank (ADB) is urging city governments to open up the management of municipal solid waste to private sector participation to overcome the immense investment costs and management burden of disposal.

Philippine banks can start establishing presence in Southeast Asian countries over the next few years with the full rollout of the ASEAN Banking Integration Framework (ABIF) by 2020, the Bangko Sentral ng Pilipinas (BSP) said.


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