Japan Roots on Reduced Business Restrictions in PH

TOKYO, Japan - President Duterte's three-day state visit in Japan highlighted the foreign country's advice to countermand business restrictions in the Philippines. Philippine Economic Forum in Prince Park Tower highlighted the investment...

Twitter to Slash More Jobs as Soon as This Week

Twitter Inc. has announced to cut around eight percent of its workforce, which will be later clarified this week. The social media giant is planning to slash out jobs due to its...

Learn Goldman Sachs’ Way of Cutting Off Jobs

Goldman Sachs Group Inc. has been questioned for laying off people from plants in a procedure of small stages in weeks. In February, 43 jobs were cut off in Goldman Sachs plant....

Philippines Achieves Higher Business-Friendliness Ranking

MANILA, Philippines - The Philippines gained higher ranking in the list of countries best for businesses due to current administration's efforts. From 103rd spot last year, Philippines holds the 99th place in...

Philippines’ War on Echoed Investment Scams for Years

MANILA, Philippines - The Philippines has long been suffering from echoed investment scams, which resulted to crime, death, deception, and stealing of money from innocent citizens. One of the common investment scam...

BSP Foresees Sustenance of 2-4% Inflation Target in 2017-2018

MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) expects inflation to maintain its range of 2 to 4 percent in two years regardless of higher cuts on petroleum taxes. Just by...

Fitch Sees Free Cash Flow Generation a Challenge for Telco Players

MANILA, Philippines - Fitch Ratings sees generation of positive free cash flow (FCF) for Telco players, PLDT Inc. and Globe Telecom Inc., as a challenge in two years. FCF deficit will continue...

Over 20,000 Shipbuilding Layoffs This Year May Just Be a Start

World's top three shipbuilding companies in South Korean called for over 20,000 layoffs this year, and this may just be the beginning. Korea Labor Institute anticipated that by the end of 2016,...

MBC Still Presses US Relations Despite Stronger PH-CHN Ties

MANILA, Philippines -  The Makati Business Club (MBC) shows support to Philippines' stronger China ties, but stresses the need to maintain solid US relations. The influential group of conglomerates welcomed PH-CHN ties,...

San Miguel Supports PH Accelerated Infrastructure Projects With P205-B

MANILA, Philippines - Conglomerate San Miguel Corporation (SMC) supports Philippine growth by allocating P205 billion to two big-ticket infrastructure projects this year. SMC Chief Finance Officer and Treasurer, Ferdinand Constantino, stated the...

New Zealand Dumbfounds Singapore as Best Business Country

World Bank declares New Zealand as the best country to do business, dethroning Singapore from the position. Doing Business' report showed Singapore now sits on the second spot after topping the rank...

SM Investments Hopes to Close MyTown Minority Stake Acquisition

MANILA, Philippines - SM Investments Corp. (SM) nears closing its buy-in of MyTown's minority stake this year. SMIC hopes to get the minority stake of dormitory builder MyTown of Philippines Urban Living...