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AirAsia plans $500M infusion in PH operations

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In this photo released by Team Pacquiao, Filipino boxer Manny Pacquiao, left, and budget airline AirAsia owner Tony Fernandes, hold a cutout of the airline's new design designating Pacquiao as its new ambassador Wednesday, Nov. 12, 2014 at General Santos City. AirAsia is investing another $500 million to expand its Philippine operations should the group gain a long-delayed approval from Congress to consolidate its local business, Fernandes said on Wednesday.  AP PHOTO/MIKE YOUNG, TEAM PACQUIAO

Malaysia’s AirAsia Berhad, one of the region’s biggest budget carriers, is investing another $500 million to expand its Philippine operations should the group gain a long-delayed approval from Congress to consolidate its local business, its top official said on Wednesday.

Posted: November 13th, 2014 in Featured Gallery,Headlines,Latest Business Stories | Read More »

Petron sales up, income down on price rollbacks

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Petron Corp., named by Platts as one of the fastest-growing energy firms in Asia, saw its sales grow in the third quarter, but found its profits down because of the drop in oil prices worldwide.

Posted: November 10th, 2014 in Headlines | Read More »

Customs, military seize 200 tons of rice smuggled from Malaysia

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INQUIRER FILE PHOTO

The Bureau of Customs, backed by soldiers from the Philippine Army and the Navy, seized 200,000 kilograns of rice that was allegedly smuggled from neighboring Malaysia Friday night.

Posted: September 27th, 2014 in Latest Business Stories | Read More »

Malaysian investment bankers exploring business prospects in PH

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Maybank, Malaysia’s biggest bank, is one of several foreign banks operating in the Philippines. President Aquino has signed into law a bill allowing the “full entry of foreign banks into the Philippines” in preparation for next year’s Asean regional economic integration.  PHOTO FROM maybank2u.com.ph

Investment bankers from Malaysia are considering expanding their presence in the Philippines, which is deemed as an ideal investment destination in the Asean given the stellar performance of the local economy.

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

Malaysian firm seeks partners

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Malaysian food producer Hua Huat Manufacturing Sdn. Bhd. is seeking Filipino partners who can distribute its snack products in the country.

Posted: September 19th, 2014 in Headlines | Read More »

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