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Makabayan bloc hopes SC will eventually junk power rate hike

AFP FILE PHOTO

The Makabayan bloc in the House of Representatives lauded the Supreme Court for indefinitely extending the temporary restraining order (TRO) on Manila Electric Company’s (Meralco) power rate increase.

Posted: April 22nd, 2014 in Latest Business Stories | Read More »

Mactan-Cebu airport modernization given green light

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Mactan Cebu International Airport FILE PHOTO

The Department of Transportation and Communication (DOTC) has given the go signal for the upgrade of the Mactan-Cebu International Airport (MCIA) with the formal signing of the concession agreement with the winning consortium GMR-Megawide Tuesday.

Posted: April 22nd, 2014 in Latest Business Stories | Read More »

PAL’s new jets cut fleet age to 3.5 years; 2014 outlook strong

FILE PHOTO

Flag carrier Philippine Airlines (PAL) will own one of Asia’s youngest fleet at 3.5 years with the completion of a modernization program that involves, among others, the replacement of 20 aging aircraft with modern, fuel-efficient planes that are seen to reduce costs amid expected productivity gains.

Posted: April 22nd, 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 »

Expanded airline operations seen as PH receives aviation rating upgrade

By
Philippines Ambassador to US Jose Cuisia. INQUIRER FILE PHOTO

The United States (US) and Europe has fully opened its doors to the Philippines Thursday with the Federal Aviation Administration’s (FAA) upgrading of the country’s aviation security ratings to Category 1 status and the European Union’s (EU) lifting of the flight ban on local airlines.

Posted: April 10th, 2014 in Latest Business Stories | Read More »

FAA upgrades PH aviation security rating

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US Ambassador to the Philippines Philip Goldberg. AFP FILE PHOTO

The US Federal Aviation Administration announced Thursday it has it has upgraded its rating of Philippine aviation safety to Category 1, clearing the way for the expansion by Philippine air carriers of their operations in the United States.

Posted: April 10th, 2014 in Latest Business Stories | Read More »

Meralco fetes Pagcor chief

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PAGCOR Chairman and CEO Cristino L. Naguiat, Jr. (middle) receives the 2013 Special Luminary Award from Meralco CEO Oscar S. Reyes (left) during the “Luminaries Awards Night” held at the Makati Shangri-la Hotel last April 2, 2014. Looking on is Al Panlilio, Meralco’s Senior VP and Head of Customer Retail Services and Corporate Marketing Communication. Chairman Naguiat was accorded the Special Luminary Award in recognition of his efforts to promote the Philippines as the next international destination for gaming, entertainment and tourism through the Entertainment City project. PHOTO courtesy of PAGCOR

The head of the Philippine Amusement and Gaming Corporation (Pagcor) has been recognized for his efforts to promote the Philippines as the next international destination for gaming, entertainment and tourism through the Entertainment City project.

Posted: April 7th, 2014 in Latest Business Stories,Photos & Videos | Read More »

PH does not fear ‘economic backlash’ from China

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Communications Secretary Herminio Coloma (INQUIRER FILE PHOTO) and Chinese Foreign Ministry spokesperson Hong Lei (AP FILE PHOTO)

Who is afraid of China? Not the Philippines. Malacañang on Wednesday said it will protect the country’s national interest, including its economy, in the face of threats from China over maritime disputes in the West Philippine Sea.

Posted: April 2nd, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

PAL launches non-stop service between Manila and Tokyo-Haneda

FILE PHOTO

Philippine Airlines began its twice-daily non-stop service between Manila and Tokyo-Haneda on Sunday (March 30, 2014), making PAL the biggest carrier servicing direct flights between the Philippines and Japan.

Posted: March 31st, 2014 in Latest Business Stories | Read More »

Philippines is top emerging economy—French firm

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Growth-sign

The Philippines is among the top countries with “emerging economies,” a French credit body said in its latest economic publication.

Posted: March 28th, 2014 in Latest Business Stories | Read More »

Nordic Business Council of the Philippines presents NBCP Awards

MAGICAL NORTHERN LIGHTS PR Photo

The Nordic Business Council of the Philippines (NBCP) will celebrate its first anniversary at the Dusit Thani Manila on March 27, 2014.

Posted: March 26th, 2014 in Announcements,Latest Business Stories | Read More »

House bill pushes for lower income tax rates

Deputy Majority Leader and Valenzuela City Rep. Magtanggol Gunigundo FILE PHOTO/congress.gov.ph

The country’s individual wage earners may celebrate their Fridays with more money if a bill that seeks to lower the income tax rate becomes a law.

Posted: March 25th, 2014 in Latest Business Stories | Read More »

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