Business

DOLE to probe Ocean Adventure armed takeover

The labor department is set to investigate an alleged hostile takeover by armed men at the Ocean Adventure theme park in Subic, Zambales. 

PH shares outperform Asian peers as foreign selling pauses

Philippine shares were among the bright spots in today's lackluster trade in Asia, as foreign investors stopped dumping local shares, at least for now.

Dagdag sa SSS kontribusyon sa Mayo, inihihirit na huwag ituloy

Ngayong ibibigay na ang dagdag-pensyon sa mga retirees, humirit ang grupo ng mga negosyante at manggagawa na huwag nang ituloy ang dagdag-kontribusyon sa SSS. 

Tax raps filed vs 3 firms for unpaid taxes

MANILA - Tax evasion complaints were filed against three Metro Manila-based companies for unpaid taxes amounting to P104 million, the Bureau of Internal Revenue said Thursday.

Business confidence eases in Q1: central bank

MANILA - The country's business confidence continued to ease in the first quarter of the year, hitting its lowest level in 10 months, the Bangko Sentral ng Pilipinas said Thursday.

Energy dept vows to uphold consumers' power of choice

MANILA - The Department of Energy has committed to uphold consumers' power of choice following a Supreme Court order temporarily halting the implementation of the retail competition and open access.

Tech breakthroughs take a backseat in upcoming Apple iPhone launch

SAN FRANCISCO - When Apple Inc. launches its much-anticipated 10th anniversary iPhone this fall, it will offer an unwitting lesson in how much the smartphone industry it pioneered has matured.

China Bank to seek P15 billion via stock offering

MANILA - China Banking Corp. said Thursday it will raise P15 billion through a stock rights offering to pursue growth strategies.

Ayala buys Zalora stake, bets on e-commerce

MANILA - The Ayala Group said Thursday it would acquire 43.3-percent of online fashion retailer Zalora, as it forays into e-commerce.

Ex-yoga missionary unleashes rage on Philippine miners

After two decades as a yoga missionary, Philippine Environment Secretary Regina Lopez is unleashing her inner rage on the mining industry while aiming for Bhutan-style gross national happiness.