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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

The Center for Global Best Practices will hold a seminar titled, “Write Right for Positive Results:  A Best Practices Guide to Writing E-mails, One-Page Letters, Memos, and Reports” on Oct. 27, at the Marriott Hotel, Pasay City.

Chemical manufacturers, suppliers and distributors are gearing up for the largest gathering of important players in the Philippine chemicals sector during Chem Expo 2017, which runs from Nov. 24 to 26 at the World Trade Center Manila.

Consumer financing firm Home Credit Philippines (HCPH) recently secured a P2.25 billion syndicated loan facility which will help sustain the growth of its operations in the country.

The government needs to shell out approximately P54 billion to bankroll the rehabilitation of the Agus-Pulangi hydro power plants of the National Power Corp. in Mindanao, Finance Secretary Carlos Dominguez said.

Semirara Mining and Power Corp., the country’s largest coal miner, has remitted over P1 billion in royalties to government in the first half of the year on the back of higher coal production.

Import duties and taxes collected by the Bureau of Customs jumped 18.7 percent to a monthly record high of P39.54 billion in September, missing its monthly target by a hairline.

The stock market reached a new high yesterday, closing the trading week on a strong note due to strong foreign buying, analysts said.

The local units of Japanese car giants Toyota and Mitsubishi plan to bump up to 50 percent the local content of their car models enrolled under the government’s Comprehensive Automotive Resurgence Strategy program.

Some 20 start-ups are developing innovative solutions related to disaster resilience and recovery as part of an ASEAN-wide project.

AyalaLand Hotels and Resorts Corp. is rebranding its Cebu City Marriott Hotel under its own hospitality brand Seda.


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