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Fired Yahoo exec gets $58M for 15 months of work

AFP FILE PHOTO

Yahoo’s recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job.

Posted: April 17th, 2014 in Latest Business Stories | Read More »

Ford Philippines delivers strong Q1 performance

All-New-Ford-Ranger-WildTra

Ford Philippines rounded up the first quarter of the year with record breaking performance for the month of March, with retail sales soaring 34 percent year-over-year to1,339 units. Sales in March helped the first quarter increase 38 percent from the same quarter last year to 3,692 units.

Posted: April 16th, 2014 in Latest Business Stories | Read More »

Russian economy hit by Ukraine turmoil

A man passes by the car painted in the colors of Russian flag near a Soviet-era monument to Vladimir Lenin in the central square in Donetsk, Ukraine, Tuesday, April 15, 2014. AP

Russia’s economy slowed sharply in the first three months of the year as uncertainty over the crisis in Ukraine spooked investors into pulling money out of the country, a government minister said Wednesday.

Posted: April 16th, 2014 in Latest Business Stories | Read More »

PSEi firms up ahead of Lenten break

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Philippine Stock Exchange AFP FILE PHOTO

SM-related shares of stock perked up the local stock index ahead of a long weekend break on Wednesday alongside mostly firmer regional markets.

Posted: April 16th, 2014 in Latest Business Stories | Read More »

I-Remit teams up with Lakhoo for remittances from Oman

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Screengrab from www.myiremit.com

The cash transfer company I-Remit Inc. has teamed up with Lakhoo Money Exchange, one of the leading institutions in Oman, to expand its remittance coverage in the Middle East.

Posted: April 16th, 2014 in Latest Business Stories | Read More »

Megawide nets P1.4 B in 2013

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megawide

Construction and engineering firm Megawide Corp. increased its net profit last year by 38 percent to P1.4 billion which the company attributed to higher contract revenues and operating efficiency.

Posted: April 16th, 2014 in Latest Business Stories | Read More »

Longer TRO sought on rate hike

AFP FILE PHOTO

The militant party-list bloc in the House of Representatives on Tuesday asked the Supreme Court to extend indefinitely the 60-day temporary restraining order (TRO) it had issued which stopped the Manila Electric Co. (Meralco) and the power-generating companies (gencos) from collecting the P4.15 kilowatt-hour increase in the generation charge.

Posted: April 16th, 2014 in Latest Business Stories | Read More »

Make a stylish statement with the all-new Yaris

toyota yaris 02

Toyota Motor Philippines (TMP) amps up style and sensibility with the all-new Toyota Yaris. Designed to make a statement in our roads today – the all-new Yaris now sports a more confident and stylish design. Significantly larger than its previous generation, the famous hatchback will definitely be the vehicle that people will look at in awe.

Posted: April 16th, 2014 in Latest Business Stories,Motoring | Read More »

Hearing set in Olarte case

Leo Olarte, M.D., PMA president. PHOTO from www.philippinemedicalassociation.org

The Department of Justice has set the preliminary investigation into the tax evasion complaint against outgoing Philippine Medical Association (PMA) president Leo Olarte on April 28.

Posted: April 16th, 2014 in Latest Business Stories | Read More »

BOC sues steel importers

Customs Commissioner John Phillip Sevilla. INQUIRER.net FILE PHOTO

Two steel importers are facing smuggling-related complaints in the Department of Justice (DOJ) for allegedly misdeclaring their shipments to avoid paying higher customs duties.

Posted: April 16th, 2014 in Latest Business Stories | Read More »

NIA foils try to chop up P205-M project in Isabela

By
Screengrab from www.nia.gov.ph

The National Irrigation Administration may have thwarted what seemed to be an attempt by officials at its Isabela regional office to break down an irrigation project into smaller contracts in order to sidestep a limit on the value of projects that local offices can award to contractors.

Posted: April 16th, 2014 in Headlines,Latest Business Stories | Read More »

PSEi rises on US economic data

By
Philippine Stock Exchange AFP FILE PHOTO

he local stock index returned to positive territory on Tuesday on the back of upbeat US economic data.

Posted: April 15th, 2014 in Latest Business Stories | Read More »

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