Seven companies to relocate facilities to Indonesia, invest $850 million
A worker marks a stainless steel hot rolled coil (HRC) that just came out of the machine in Morowali Industrial Park’s HRC plant in Morowali, Central Sulawesi, on Sept. 18.…
PH’s 3rd telco player DITO to miss July 8 technical launch
MANILA, Philippines — DITO Telecommunity, the country’s third major telco, is likely to miss the deadline for its “technical launch” set on July 8 this year. DITO chief administrative officer…
BSP prepares to issue its own IOUs by Q3
MANILA, Philippines — The central bank on Wednesday took another step closer toward issuing its own bonds, which will allow it to better regulate the amount of liquidity in the…
S. Korea’s drive to develop pan-Asia stock index ends in failure
The Korea Exchange in Yeouido, western Seoul. Yonhap via The Korea Herald/Asia News Network SEOUL — South Korea’s ambitious drive to launch the first pan-Asian benchmark comprising major blue chip…
PH slipped into economic recession in first half of 2020
MANILA, Philippines — The Philippines has slipped into a recession, as economic contraction likely deepened during the second quarter with the COVID-19 lockdown — at its peak in April and…
SEC warns against more investment scams
Securities and Exchange Commission (SEC) logo The Securities and Exchange Commission (SEC) has warned the public against a new set of entities that are illegally soliciting investments, including those hawking…
MerryMart’s Q1 profit up 50.5%
Edgar Sia II Newly-listed grocery chain operator MerryMart Consumer Corp. grew its net profit in the first quarter by 50.5 percent year-on-year to P8.35 million with the rollout of new…
LT Group cautious amid looming economic recession
LUCIO Tan Tycoon Lucio Tan-led conglomerate LT Group Inc. (LTG) is bracing for a tougher period for its tobacco, liquor, property and banking businesses for the remainder of 2020, during…
P711M zero-interest loans offered to 7-Eleven franchisees
A 7-Eleven store Photo by LEO M. SABANGAN II. Leading convenience store operator Philippine Seven Corp. (PSC), the exclusive Philippine licensor of 7-Eleven, is disbursing as much as P711 million…
Globe myBusiness teams up with international LMS providers to boost digital learning efforts in local schools
The global pandemic has encouraged many industries to adjust and find ways to thrive in the new normal. In the education sector, institutions are expected to explore new ways of…