Business

Freezing temperatures greet PNoy in Davos

DAVOS, Switzerland - President Aquino and his delegation arrived in Zurich, Switzerland at 6:38 a.m. on Thursday morning (around 1:38 p.m., Manila time) after a long flight from Manila. 

Business as usual in Cebu despite political standoff

MANILA, Philippines - The continuing political standoff in Cebu's provincial capitol did not in any way dampen the business climate in the province, officials of the Cebu Chamber of Commerce and Industry (CCCI) said on Thursday.

BSP holds benchmark rate, warns of inflow risks

(UPDATE) - The Philippine central bank kept its key policy rate steady at a record low for the second meeting in a row on Thursday, with economic growth expected to remain resilient, but it warned of risks posed by a surge in capital inflows.  

Palace expects more tourists as foreign airlines get tax breaks

The Palace expects more tourists to visit the Philippines this year, and vows to build more tourism infrastructure and improve transportation.

Why Manila can beat Macau as a gaming hub

MANILA, Philippines - Macau may continue to be a prime destination for gamblers but a casino operator said Manila's better accessibility and lower tax rate may begin attracting more players and investments in the gaming industry.

SSS, DILG team up to go after delinquent employers

The Social Security System (SSS) has signed an agreement with the Department of Interior and Local Government (DILG) to make sure businesses comply with member contributions.

Global companies face $5-trillion challenge - Accenture

"Cautious optimism" is a common sentiment at the World Economic Forum. Many global companies are looking to emerging markets as they face the so-called $5-trillion challenge. Reuters reports.

More than 13-M passengers flew Cebu Pacific in 2012

MANILA, Philippines -  Around 13.26 million passengers flew on Cebu Pacific in 2012, an 11% increase from the previous year, the Gokongwei-led budget carrier said on Thursday.  

Gov't mulls higher taxes on soft drinks

MANILA, Philippines - After raising taxes on cigarettes and liquor, the government is now mulling imposing higher taxes on soft drinks.

CAAP orders PH airlines to use airport aerobridges

MANILA, Philippines -  All Philippine airlines are now be required to use aerobridges in all airports in the country, the Civil Aviation Authority of the Philippines said on Thursday.