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Metro Pacific acquires stake in Victorias

By
MANUEL V. Pangilinan

The group of businessman Manuel V. Pangilinan has gained a foothold in Victorias Milling Corp. with the purchase of an initial 5.8 percent stake in the country’s largest sugar company, mostly from the Metrobank group.

Posted: April 24th, 2014 in Latest Business Stories | Read More »

How ‘one percent’ economic elite was uncovered

By
AP FILE PHOTO

French economist Thomas Piketty and his research partners have transformed the wealth gap debate by popularizing the concept of a financially elite 1 percent.

Posted: April 24th, 2014 in Latest Business Stories | Read More »

Facebook profits triple as mobile soars

AP FILE PHOTO

Facebook profits tripled to $642 million in the first quarter on a 72-percent surge in revenues helped by strong gains in mobile users and mobile advertising.

Posted: April 24th, 2014 in Latest Business Stories | Read More »

Apple increases stock buyback, will split stock

In this Dec. 23, 2013 file photo, a woman using a phone walks past Apple's logo near its retail outlet in Beijing. Apple reports quarterly earnings on Wednesday, April 23, 2014. AP

Apple is doling out more of its cash to shareholders and preparing to split its stock for the first time in nine years in an attempt to win back investors fretting about the iPhone maker’s slowing sales growth and pace of innovation.

Posted: April 24th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Cost-recovery provisions for affected gencos urged

By
AFP FILE PHOTO

Amid proposed additional price controls at the Wholesale Electricity Spot Market (WESM) by state regulators, SMC Global Power Holdings Corp. is pressing for cost-recovery provisions for generation companies (gencos) whose operations will be affected by the scheme.

Posted: April 24th, 2014 in Latest Business Stories | Read More »

This time, BIR goes after florists

By
Bureau of Internal Revenue Commissioner Kim Henares AP FILE PHOTO

Continuing its relentless shame campaign against delinquent taxpayers, the Bureau of Internal Revenue (BIR) has released data showing that some of the country’s more popular flower shops are tax evaders.

Posted: April 24th, 2014 in Latest Business Stories | Read More »

Philippine Airlines to stop shipment of shark fins

By
FILE PHOTO

After environment groups lambasted the Philippines’ flag-bearer in the aviation industry, the Philippine Airlines on Wednesday evening has vowed to stop its shipping operations of shark fins.

Posted: April 24th, 2014 in Latest Business Stories | Read More »

SM to rebuild Tacloban hospital

FILE PHOTO

The SM group has committed to rebuild for Tacloban City and turn over by August this year a 120-bed hospital destroyed by Super Typhoon “Yolanda” in support of public-private efforts to rehabilitate Tacloban.

Posted: April 23rd, 2014 in Latest Business Stories | Read More »

PSEi slips after 4-day rally

By
pse.com.ph photo

After a four-day run-up, the local stock index lost some ground Wednesday as investors reassessed recent gains.

Posted: April 23rd, 2014 in Latest Business Stories | Read More »

Toyota sells 2.58 million vehicles, outselling GM

In this Aug. 2, 2013 file photo, the emblem of a Toyota car shines at Toyota Motor Corp.'s showroom Toyota Mega Web in Tokyo. Toyota Motor Corp. is recalling 6.39 million vehicles globally for a variety of problems spanning nearly 30 models in Japan, the US, Europe and other places. No injuries or crashes have been reported related to the recalls announced Wednesday, April 9, 2014. AP

Toyota kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen.

Posted: April 23rd, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

McDonald’s 1Q profit slips as US sales decline

This Tuesday, Jan. 21, 2014, file photo shows McDonald's restaurant's golden arches in Robinson Township, Pa. McDonald’s reports quarterly earnings on Tuesday, April 22, 2014. AP

McDonald’s is fighting to hold onto customers in the U.S.

Posted: April 23rd, 2014 in Latest Business Stories,Photos & Videos | Read More »

SEC approves SM’s P15B retail bond offer

By
Photo from SM City North Edsa website

The Securities and Exchange Commission has approved a plan by the country’s largest conglomerate SM Investments Corp. to raise as much as P15 billion from a fresh retail bond offering.

Posted: April 23rd, 2014 in Latest Business Stories | Read More »

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  • Business

  • Metro Pacific acquires stake in Victorias
  • How ‘one percent’ economic elite was uncovered
  • Facebook profits triple as mobile soars
  • Insular Honors Sales Performers at Testimonial Rites
  • Apple increases stock buyback, will split stock
  • Technology

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  • ‘Unlimited’ Internet promos not really limitless; lawmakers call for probe
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  • Opinion

  • Editorial cartoon, April 24, 2014
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  • Global Nation

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