The Philippine Stock Exchange suspended trading on Berjaya Philippines Inc. on Monday following the acquisition by the local unit of Malaysian conglomerate Berjaya of a 29.81 percent stake in London-listed luxury car distribution firm H.R. Owen Group.
A prepaid card solution hatched by Citibank in partnership with international humanitarian organization Action Against Hunger (ACF International) to better disburse emergency aid in the wake of Tropical Storm “Sendong”–which triggered catastrophic floods in Cagayan De Oro and Iligan cities in December 2011–has earned a key global citation.
Asian stocks edged up Monday amid hopes that the U.S. Federal Reserve will put off plans to wind down its stimulus program.
Hong Kong-based First Pacific Co. Ltd., headed by businessman Manuel V. Panglinan, confirmed that it was in talks with Korea Water Resources Corp. on a potential partnership involving the 246-megawatt (MW) Angat hydropower plant in Bulacan.
Malaysia, the Philippines and Indonesia have the most active people on social media, at least among consumers who frequent Starbucks coffee shops, based on a survey released by social engagement platform Local Measure.
As the rollout of public-private partnership (PPP) projects ramps up, so too will conflicts among top business groups vying for these potentially lucrative projects and the next battleground is the P17.5-billion Mactan-Cebu airport, which has already drawn a blockbuster list of local and foreign bidders.
The British Embassy in Manila has urged government agencies, businesses and households in the Philippines to reduce energy waste and cut power bills through investments in energy efficiency.
Budget carrier Cebu Pacific is looking into purchasing one of today’s most advanced passenger jet liners, as it expands its fleet by buying new planes capable of longer flights to new markets.
The Devant brand of consumer appliances is poised to strengthen its foothold in the local market as its distributor, Techpoint Enterprise, is set to launch new cutting-edge products and developments to boost its existing portfolio.
The Philippine economy can grow at a faster pace of 7.2 percent this year given the favorable momentum aided by election-related spending early in the year and an ongoing private construction boom, New York-based think tank Global Source said.
The government is keeping its Millennium Development Goal (MDG) of reducing poverty incidence in the country to 16.6 percent by 2015.
The country’s largest power distribution utility is working out the part it will play in a power distribution partnership deal in Nigeria.
