A few years ago, a businessman put up a dot-com firm thinking he would give the established players a run for their money. His thinking was that, if he hired the best in the industry, paid them top money and invested in the latest equipment, his dot-com would be a winner.
Businessman Lucio Co-led Puregold Price Club has gobbled up another retailing peer that operates the Eunilaine foodmarts and Grocer E supermarkets, adding 15 new stores to its fast-growing network.
The increase in the prices of consumer goods in the Philippines is expected to remain stable for the remainder of the year and is seen to average 3.9 percent, according to the International Institute of Finance.
The Department of Trade and Industry is probing the possible triggers that may have caused the P6-per-kilogram spike in the prices of sugar in the retail market.
Crude prices were up in Asia on Friday amid nervous trade ahead of a closely-watched US jobs report to be released later in the day, analysts said.
The Philippines imported more petroleum, wheat and tobacco products amid the second straight monthly slowdown in imports in November 2011, according to the National Economic and Development Authority (Neda).
The Department of Energy is finalizing the terms of reference that will be used to review the books of oil companies, Energy Secretary Jose Almendras said Friday.
Higher oil prices in the global market pushed up the country’s oil import bill by 27 percent to $9.43 billion in the first nine months of 2011 from $7.41 billion a year ago.
An international trader of consumer goods filed before the Office of the Ombudsman charges against an administrative aide at the Bureau of Customs for allegedly asking for as much as P200,000 in bribe to facilitate the release of shipments.
Cabuyao, Laguna—Procter & Gamble Philippines Inc. is undertaking a P2.5-billion expansion of its plant here to boost its capacity to produce popular diaper brand Pampers by up to 40 percent and double its market share in three years. In an interview with reporters, P&G Philippines president and general manager Siddik Tetik said the expansion would [...]
SAN FRANCISCO, California – US networking giant Cisco announced Tuesday it is shutting down its Flip video camera business, which it bought just two years ago for $590 million, and cutting 550 jobs. Cisco’s surprise decision to shut down the Flip unit was part of what the company said was a move to exit aspects [...]
SAN FRANCISCO–Nestle is out to boost its share of the global breakfast cereal market with a dose of augmented reality supplied by French technology firm Dassault Systemes. A marker printed on 26 million Nestle cereal boxes being sold in 53 countries lets people with Web cameras linked to computers play an augmented reality game starring [...]
