Business

Sykes eyes expansion outside Metro Manila

MANILA - American outsourcing firm Sykes said Thursday it was looking at expanding outside the capital, as it expected the industry to grow under President Rodrigo Duterte.

Peso weakens further as Duterte stirs investor worry: poll

The peso weakened further on Thursday as investors worry over the impact of President Rodrigo Duterte's policy pronouncements, a Reuters poll showed.

Samsung eyes fix after complaints of 'exploding' washers

Samsung is in discussions about "potential safety issues" concerning some of its washing machines after a class-action lawsuit complained the appliances were exploding, the company said Wednesday.

Hans Sy steps down as SM boss, says time to give back

Hans Sy steps down as president of SM Prime Holdings on Thursday, his 60th birthday, promising to devote more time to charity work.

Economy 'stable' despite foreign fund outflows: Fitch

The Philippine economy remains “stable” even as President Rodrigo Duterte’s sharp rhetoric against the United States aided a record selloff by foreign investors in the equities market, debt-watcher Fitch Ratings said Thursday.

Diesel tax may lead to higher jeepney fares, transport groups warn

Jeepney operators on Thursday warned that the government's plan to slap excise tax on diesel would pressure them to increase fares.

Energy dept seeks explanation on Mindanao oil price cut

The Department of Energy has asked oil companies to explain oil price reductions in Mindanao, which could have violated competition laws.

China's Xiamen Airlines starts Davao flights

Xiamen Airlines flew 80 passengers to the Francisco Bangoy Airport here on Wednesday, adding to international direct flights to this southern gateway.

Smart says mobile internet service restored

Smart Communications said said its mobile internet service was restored after an outage hit the network on Thursday.

From robots to websites, British firms curb spending due to Brexit

Heavy machinery whirrs and clanks on the factory floor of precision metalworking firm Robert Bion & Co., where a planned three-meter robotic arm would have been speeding up output by now, if Britain had not voted to leave the European Union.