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BOC charges PH’s second largest steel importer with misdeclaration of taxes

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Customs Commissioner John Phillip Sevilla. INQUIRER.net FILE PHOTO

No amount of guise could hide the country’s second largest steel importer from the law enforcement of the Bureau of Customs.

Posted: March 14th, 2014 in Latest Business Stories | Read More »

Biz Buzz: Resisting Globe’s solution

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One would think that the upper crust of Philippine society living in Makati’s super-exclusive villages would have no problems with the services of Globe Telecom Inc. given that Makati is the traditional stronghold of the Ayala-controlled firm.

Posted: July 22nd, 2013 in Editor's Pick,Headlines | Read More »

Phinma nets P144.3M in 1st quarter

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phinma

Philippine Investment Management Corp. grew its attributable net profit by nearly five times to P144.3 million in the first quarter from a year ago on improved operations of all business units.

Posted: May 14th, 2013 in Latest Business Stories | Read More »

French steel furnaces mothballed amid ‘broken promises’ by Hollande

French President Francois Hollande: ‘Broken promise’  AP/JACQUES BRINON

As gas lines to blast furnaces at a small-town plant are gradually cut off on Wednesday, it marks not just the end of an era, but for many workers, a “broken promise” by French President Francois Hollande.

Posted: April 25th, 2013 in Latest Business Stories,Photos & Videos | Read More »

Concrete or steel?

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THE DESIGN of the new World Trade Center in New York includes safety measures such as a 24-inch-thick concrete wall enclosure for its building core, where the elevators, stairs and power system are placed for protection from fire or terrorist attack. Photo from boston.com

Choosing A construction material for a building is a dilemma for any designer. The right decision can have a positive or negative impact on the success of a project in terms of cost, schedule and overall quality. The construction industry accounts for half of all resources used worldwide, which calls for building designers to use caution in the choice of material.

Posted: January 11th, 2013 in Columnists,Featured Columns,Featured Gallery,Headlines,Inquirer Columns,Inquirer Features,Photos & Videos,Property Guide | Read More »

French minister says ‘no confidence’ in steel tycoon Mittal

French Prime Minister Jean Marc Ayrault addresses reporters as he makes a statement on the ArcelorMittal situation, at the Hotel Matignon in Paris on Nov. 30, 2012. French Ecology Minister Delphine Batho cast doubt Sunday, Dec. 2, 2012, on whether the world's top steelmaker would keep its end of the bargain after a compromise deal on a key plant that Paris had threatened to nationalize.  AP PHOTO/REMY DE LA MAUVINIERE

A French minister cast doubt Sunday on whether the world’s top steelmaker ArcelorMittal would keep its end of the bargain after a compromise deal on a key plant that Paris had threatened to nationalize.

Posted: December 3rd, 2012 in Latest Business Stories | Read More »

French government attacked over threat to Mittal

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Riot policemen surround demonstrating workers from Arcelor Mittal in front of the National Assembly in Paris on Nov. 28, 2012. The head of France's largest employers' union on Thursday slammed as "blackmail" a threat by the state to take over a plant owned by steel tycoon Lakshmi Mittal, amid outrage in Mittal's native India that he was a victim of racism.  AP PHOTO/REMY DE LA MAUVINIERE

The head of France’s largest employers’ union on Thursday slammed as “blackmail” a threat by the state to take over a plant owned by steel tycoon Lakshmi Mittal, amid outrage in Mittal’s native India that he was a victim of racism.

Posted: November 30th, 2012 in Latest Business Stories | Read More »

France says investor ready with cash for steel plant

Riot policemen surround demonstrating workers from ArcelorMittal in front of the National Assembly in Paris, Wednesday Nov. 28, 2012. France asserted on Wednesday that an investor was ready and willing to put 400 million euros ($515 million) into a steel plant at the center of a dispute between the owner ArcelorMittal and the government.  AP PHOTO/REMY DE LA MAUVINIERE

PARIS—France asserted on Wednesday that an investor was ready and willing to put 400 million euros ($515 million) into a steel plant at the center of a dispute between the owner ArcelorMittal and the government.   The Socialist administration has threatened to nationalize the Florange plant in northeastern France if Mittal goes ahead with plans [...]

Posted: November 29th, 2012 in Latest Business Stories | Read More »

France’s Hollande threatens nationalization in Mittal row

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French Minister for Industrial Recovery Arnaud Montebourg leaves Pollutec, an international exhibition of environmental equipment, technologies and services, in Lyon, central France, Tuesday, Nov. 27, 2012. Many European countries with lagging economies are trying to draw in foreign investors. But in France, a Socialist minister says he wants to kick the world's biggest steel maker out of the country, accusing it of lying to the government.  AP PHOTO/LAURENT CIPRIANI

PARIS—French President Francois Hollande threatened Tuesday to nationalize a plant owned by steelmaker ArcelorMittal in an increasingly heated dispute in which ministers have said the multinational is no longer welcome in the country.   Moments before talks steel tycoon Lakshmi Mittal, Holland said that nationalizing ArcelorMittal’s plant in northeastern France remained on the table.   [...]

Posted: November 28th, 2012 in Latest Business Stories | Read More »

London mayor mocks France over Mittal comments

In this photo taken Aug, 6, 2012, a general view of the Arcelor Mittal Factory in Hayange-Florange, eastern France. London's mayor joked that revolutionaries had taken over Paris and told India's investors Tuesday, Nov. 27, 2012, to look to the British capital instead, amid a row between the French government and India-born tycoon Lakshmi Mittal.  AP PHOTO/MATHIEU CUGNOT

NEW DELHI, India—London’s mayor joked that revolutionaries had taken over Paris and told India’s investors Tuesday to look to the British capital instead, amid a row between the French government and India-born tycoon Lakshmi Mittal.   On Monday French Industrial Renewal Minister Arnaud Montebourg said he did not want steel giant ArcelorMittal, controlled by Mittal, [...]

Posted: November 28th, 2012 in Latest Business Stories | Read More »

Steel giant Tata plans to set up shop in PH anew

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Tata Steel International is mulling over plans to again set up shop in the Philippines and offer specialty steel products needed by an expanding economy.

Posted: November 10th, 2012 in Headlines | Read More »

Nerds of steel

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Still standing despite the onslaught of smuggled steel from China, the country’s only surviving integrated flat steel factory, owned by Batangas-based Steel Corp. of the Philippines, or SCP, confronts one more threat to its existence.

Posted: October 25th, 2012 in Columnists,Inquirer Columns | Read More »

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