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Richmond Mercurio
Richmond Mercurio
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Fraud lifts economic crimes to record high
by Richmond Mercurio - May 24, 2018 - 12:00am
Fraud cases in businesses nearly doubled in the last two years, pushing reported economic crimes in the country to its highest level, the latest bi-annual survey of PwC showed.
Philippines suffers worst decline in competitiveness ranking
by Richmond Mercurio - May 24, 2018 - 12:00am
The Philippines posted its largest year-on-year decline in economic competitiveness in the past decade as it dropped nine notches to 50th spot in this year’s World Competitiveness Yearbook (WCY) rankings of...
DTI backs reforms under TRAIN 2
by Richmond Mercurio - May 23, 2018 - 12:00am
The Department of Trade and Industry and the Department of Finance are on the same page with regards to the proposed reforms in the second package of the Tax Reform for Acceleration and Inclusion Act, Trade Secretary...
Mitsubishi, DTI embark on electric vehicle study
by Richmond Mercurio - May 23, 2018 - 12:00am
Mitsubishi Motors Philippines Corp. and the Department of Trade and Industry are undertaking a study to provide critical inputs for the formulation of policies and programs for the electric vehicle industry.
Philippines seeks Korea assistance in development of e-vehicle industry
by Richmond Mercurio - May 22, 2018 - 12:00am
The Philippines is seeking the assistance of Korea in the development of the country’s electric vehicle industry as the country prepares to go full speed with its public utility vehicle modernization prog...
Europe investors still keen on Philippines
by Richmond Mercurio - May 22, 2018 - 12:00am
Investor interest from Europe remains strong amid prevailing concerns on political stability and possible changes in the country’s incentives system, the head of the European Chamber of Commerce of the Philippines...
CEZA inks P1.7-billion deals with fintech firms
by Richmond Mercurio - May 22, 2018 - 12:00am
The Cagayan Economic Zone Authority has formalized deals with 15 offshore companies expected to lead to at least P1.7 billion investments in the next two years in line with its plan to transform the Cagayan Special...
PEZA investments continue to drop
by Richmond Mercurio - May 21, 2018 - 12:00am
The slump in new investments in the country’s economic zones persisted as of end-April as uncertainties from the government’s second tax reform package continued to spook investors.
Incentives now available to microenterprises
by Richmond Mercurio - May 20, 2018 - 12:00am
Underground microentrepreneurs are encouraged to make formal their businesses and avail of incentives available through the Barangay Micro-Business Enterprise (BMBE) Law.
Xurpas launches blockchain project
by Richmond Mercurio - May 18, 2018 - 12:00am
Listed technology firm Xurpas Inc. has launched the first of several major projects leveraging on blockchain technology.
Filinvest Development income up 18% to P2.8 billion
by Richmond Mercurio - May 18, 2018 - 12:00am
Filinvest Development Corp. (FDC) of the Gotianun family started the year on a high note with earnings rising by nearly a fifth in the first quarter behind strong revenue contributions from its property busines...
Cosco Capital profit rises 10% to P1.96 billion
by Richmond Mercurio - May 18, 2018 - 12:00am
Cosco Capital Inc., the investment holding firm of retail magnate Lucio Co. earned nearly 10 percent more in the first quarter as the group continued to benefit from the country’s sustained economic growth...
BCDA starts bidding for New Clark City utilities
by Richmond Mercurio - May 18, 2018 - 12:00am
The Bases Conversion and Development Authority has started bidding for joint venture partners for the power and water distribution requirements in New Clark City.
Asia electronics sector vulnerable to US-China trade row — Moody’s
by Richmond Mercurio - May 18, 2018 - 12:00am
Asia’s electronics sector, including that of the Philippines, is expected to bear the brunt of trade tensions between the US and China, a new report by Moody’s Investors Service showed.
Profit taking snaps 3-day stock rally
by Richmond Mercurio - May 17, 2018 - 12:00am
The stock market snapped a three-session winning streak as investors decided yesterday to take profits.
Vehicle sales decelerate for 3rd month in April
by Richmond Mercurio - May 16, 2018 - 12:00am
Vehicle sales continue to be sidetracked by the higher automobile taxes imposed under the TRAIN law, extending its losses in April.
New growth areas in real estate emerging
by Richmond Mercurio - May 16, 2018 - 12:00am
The Philippine property sector should prepare and capitalize on emerging real estate classes if it wants to compete with other Asian markets, a property consultancy firm said.
GT Capital income jumps 21% to P3.7 billion
by Richmond Mercurio - May 16, 2018 - 12:00am
GT Capital Holdings Inc., the investment vehicle of tycoon George Ty, posted a double digit increase in earnings in the first quarter behind higher equity in the net income of top performing associates Metropolitan...
Global Estate sustains growth pace as earnings soar 27%
by Richmond Mercurio - May 16, 2018 - 12:00am
Global Estate Resorts Inc., Megaworld’s unit that develops integrated tourism and leisure estates, sustained its growth momentum in the first three months with earnings soaring 27 percent to P399 million from...
Lopez Holdings earns P1.15 billion, up 10% in Q1
by Richmond Mercurio - May 16, 2018 - 12:00am
Lopez Holdings Corp. chalked a net income of P1.15 billion in the first quarter, 10 percent more than last year’s P1.04 billion even as higher forex losses partially offset the effect of growth in the recurring...
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