News

SM, BDO, Ayala Corp, JG Summit among world's biggest firms: Forbes list

ABS-CBN News
Posted at Jun 07 07:26 PM

Six companies from the Philippines made it to Forbes' Global 2000 list ranking the world's biggest firms in terms of sales, profits, assets and market values.   Read more »

Duterte seeks closer ties with South Korea in 3-day visit

Pia Gutierrez, ABS-CBN News
Posted at Jun 03 07:42 AM

The President is scheduled to address the Filipino Community in the South Korean capital late Sunday. He will meet with the nation's leader, President Moon Jae-in, on Monday. Read more »

UAE announces ownership, visa reforms to lure foreign investors

Agence France-Presse
Posted at May 21 05:39 PM

The United Arab Emirates has announced plans to allow 100 percent ownership and visa incentives to foreigners, in a bid to attract investors to boost its slowing national economy. Read more »

Some foreign businessmen back suspension of fuel tax: ECCP

ABS-CBN News
Posted at May 16 05:12 PM

Some foreign investors are in favor of suspending the excise taxes on fuel implemented under the new tax reform law to review its impact on basic goods amid rising inflation, the head of a European trade group said on Wednesday.   Read more »

Ultra-wealthy individuals in Philippines to double by 2022: survey

Jessica Fenol, ABS-CBN News
Posted at May 11 10:24 PM

MANILA – There will be 260 new ultra-high-net-worth individuals (UHNWI) in the Philippines whose total net assets are $50 million and above by 2022, fueled by the bullish real estate market and the influx of Chinese investments, a survey by a property outfit says.  Read more »

Mayweather invests in Manila-based ride-sharing company U-hop

ABS-CBN News
Updated as of May 11 09:03 PM

The pro boxer announced his partnership with U-hop citing the company's potential to rival global giants Uber and Grab. Read more »

Makati Business Club monitoring impact of Sereno ouster

ABS-CBN News
Updated as of May 11 04:44 PM

The Makati Business Club said Friday it would monitor whether the Supreme Court's decision to oust Chief Justice Maria Lourdes Sereno would have long-term effects on the economy.   Read more »

ANALYSIS: Use of investment to boost GDP needs improvement

Jose Galang — Your Business
Posted at May 10 08:40 PM

With domestic interest rates now nudged upward and brewing trade and political conflict among the world’s largest economies posing constraints to the country’s exports, the Philippine economy—which the state statistics agency says grew by 6.8 percent in the first quarter—could be heading for a bumpy ride ahead. Read more »

Amazon may set up shop in Manila: PEZA chief

Michelle Ong, ABS-CBN News
Posted at May 10 11:42 AM

Amazon.com may set up shop in Manila, its second after the customer service facility in Cebu City that it launched recently, a government official in charge of foreign investments said Thursday. Read more »

PSEi sluggish amid corporate earnings, possible rate hike

ABS-CBN News
Posted at May 09 12:37 AM

The Philippine Stock Exchange index tried but failed to breach the 7,600 level as investors digest the latest slew of corporate earnings and brace for a possible rate hike from the Bangko Sentral ng Pilipinas. Read more »

Japanese gov't honors Jaime Zobel De Ayala

ABS-CBN News
Updated as of May 02 02:30 PM

Ayala Corp said Wednesday its chairman emeritus, Jaime Zobel de Ayala, was honored by the Japanese government for his work in strengthening relations between the Philippines and Japan. Read more »

Foreign businessmen urge PH gov't to be cautious on rationalization of fiscal incentives

ABS-CBN News
Posted at Apr 27 12:13 AM

American and Japanese businessmen express their worries over government's plan to rationalize fiscal incentives under the proposed second tax reform package. Read more »

JLL: Chinese telco, banking firms also interested in buying PH real estate

ABS-CBN News
Posted at Apr 26 01:47 AM

The boon of warmer relations between Beijing and Manila is trickling down to the Philippine property market. Read more »

Tax reform seen to encourage workers to invest

ABS-CBN News
Posted at Apr 16 12:01 PM

With higher take-home pay under lower income taxes, Filipinos should consider investing, an economist said. Read more »

Chinese firms holding off on US investment in Trump era

Agence France-Presse
Posted at Apr 13 09:47 AM

Some Chinese companies are holding off on US investment plans while they see how the trade dispute with President Donald Trump plays out, executives said Thursday. China Construction America acknowledged pausing some new US investment amid trade war fears. Read more »

Duterte ribs China: If you're poor, you're not my friend

ABS-CBN News
Posted at Apr 09 03:32 PM

President Rodrigo Duterte on Monday said in jest that he would not have befriended Beijing were it not for financial perks.  Read more »

3 Best Investments for Free-Spending Millennials

MoneyMax.ph
Posted at Apr 06 04:02 PM

Adulting is tough, more so for those who spend beyond their means. Read more »

Thanks to Duterte foreign policy shift, Russian, Chinese carmakers pivot to PH

Dominic Menor, ABS-CBN News
Updated as of Apr 06 04:13 AM

A year ago, seeing a participant from Russia and another from a state-owned Chinese car manufacturer at an auto show in the Philippines would’ve been unlikely, but this is the by-product of the drastic pivot in foreign policy under President Rodrigo Duterte. Read more »

OPINION: Guess who now fights for Big Business in the Senate

Jose Galang — Your Business
Updated as of Apr 02 04:58 PM

By his own declaration, Senator Juan Miguel Zubiri says Big Business now has a representative in the Senate — himself. Read more »

Metro Pacific acquires 49 pct of Vietnam's Tuan Loc Water

ABS-CBN News
Posted at Apr 02 11:27 AM

Metro Pacific Investments Corp said Monday its subsidiary bought 49 percent of one of Vietnam's largest water companies, as it seeks growth opportunities in the Southeast Asian nation. Read more »