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Higher hauling rates to hike cost of goods

Prices of goods are expected to drastically increase in the coming days after truckers raised their hauling rates by an average of 50 percent effective March 15 as a result of the truck ban imposed by the city government of Manila.  INQUIRER FILE PHOTO

Prices of goods are expected to drastically increase in the coming days after truckers raised their hauling rates by an average of 50 percent effective March 15 as a result of the truck ban imposed by the city government of Manila.

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

German firms press lifting of truck ban

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GPCCI general manager Nadine Fund: Reconsider truck ban PHOTO FROM GPCCI.ORG/

German firms operating in the country have joined repeated calls for Manila Mayor Joseph Estrada to lift the truck ban in key routes in Manila, stressing that this “regretful” policy will only cripple the country’s booming economy.

Posted: March 13th, 2014 in Editor's Pick,Headlines | Read More »

Firms risk losses, higher costs due to truck ban

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The Semiconductor and Electronics Industries in the Philippines Inc. (Seipi) has joined the clamor to lift the truck ban ordinance in Manila as its member companies are now at risk of incurring facility line shutdowns, higher storage costs, and huge revenue losses.   Seipi on Thursday said in a statement that Malacañang should step in [...]

Posted: February 28th, 2014 in Headlines | Read More »

Truck ban alarms Peza, industry group

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INQUIRER FILE PHOTO

The Philippine Economic Zone Authority and the Federation of Philippine Industries warned Wednesday that the expanded daytime truck ban being implemented in Manila will only cripple businesses and likely result in a cut in the growth of exports and production, job losses and potential company closures should the scheme be continued.

Posted: February 27th, 2014 in Featured Gallery,Headlines | Read More »

Truck ban paralyzes BOC, port operations

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Prices of goods are expected to drastically increase in the coming days after truckers raised their hauling rates by an average of 50 percent effective March 15 as a result of the truck ban imposed by the city government of Manila.  INQUIRER FILE PHOTO

The Bureau of Customs (BOC) said private businesses as well as the government’s revenue collections had been hurt by the extension of the truck ban in Manila.

Posted: February 26th, 2014 in Featured Gallery,Headlines,Photos & Videos | Read More »

Industry group slams truck ban policies

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INQUIRER FILE PHOTO

The European Chamber of Commerce of the Philippines has expressed concern about the “delivery chaos” caused by the truck ban and route limitations imposed by government agencies, stressing that this was not the solution to easing the traffic woes in Metro Manila.

Posted: February 25th, 2014 in Editor's Pick,Headlines | Read More »

Asian shares mostly up as tough year draws to a close

asian shares

Asian markets rose on Monday, with Tokyo cheered by the yen hitting a five-year low against the dollar, while traders are in a broadly upbeat mood as they wind down for the end of a mixed year.

Posted: December 30th, 2013 in Latest Business Stories | Read More »

Manila’s gaming push seen to boost tourism

Manila’s tourism market is taking a decided turn away from a vanilla offering to boost visitor numbers. This Southeast Asian casino dreamscape is setting up a battle between established gaming giants and independent operators in a high stakes contest.

Posted: November 22nd, 2013 in Headlines | Read More »

New North Harbor terminal opens

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MODERN SEAPORT TERMINAL  Transportation Secretary Joseph Emilio Abaya and Michael Romero, chair of the Manila North Harbour Port Inc., launch the country’s most modern passenger terminal complex at the Manila North Harbor in Tondo, Manila. The terminal can handle 2 million ship passengers annually.  NIÑO JESUS ORBETA

Romero-led Manila North Harbor Port Inc. on Wednesday opened its newest passenger terminal in Tondo, Manila, which formed part of its P14.5-billion commitment to develop one of the country’s oldest and busiest seaports.

Posted: October 10th, 2013 in Featured Gallery,Headlines,Photos & Videos | Read More »

Manila Bay reclamation project will bring jobs, revenue, says firm

Manila Bay. INQUIRER PHOTO/BOY ABING

A multi-use development project on a proposed reclamation site on Manila Bay is expected to provide up to 600,000 jobs that would help ease unemployment in the country, particularly in Metro Manila.

Posted: August 5th, 2013 in Latest Business Stories | Read More »

Tale of two cities: Berlin, Manila try to break into global start-up scene

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The six-man team that built Alando, an EBay copycat

In his gray hoodie, blue jeans and bright yellow Nike sneakers, Ijad Madisch is a puzzle. If someone looked at him and had to guess what he did for a living, 99 times out of a hundred the first guess would be somewhere along the lines of “struggling musician” or “Madisch,” the CEO of ResearchGate, a social network for scientists. But that’s just his day job.

Posted: June 22nd, 2013 in Editor's Pick,Featured Gallery,Headlines,Inquirer Features,Photos & Videos | Read More »

Some luxury items remain cheap in Manila

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The price of luxury goods is on the rise as the ranks of Asia’s elite continue to expand but Manila still offers some surprising budget finds for the value-conscious millionaire or billionaire, according to a new report by Swiss private bank Julius Baer.   For high networth individuals, or those with at least $1 million [...]

Posted: June 7th, 2013 in Editor's Pick,Headlines | Read More »

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