Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Business

All category news

  • After China success, Volkswagen brings 3 new models to PH

    May 19, 2018 7:31 AM 5

    MANILA - Volkswagen said it would start selling in the Philippines from Saturday 3 models that were successful in China, betting on price points that are dominated by Japanese and Korean cars. The Santana, Lavida and Tiguan are "tailor-made" for Asia, said Shanghai Volkswagen First Vice President David Powels. Ayala Corp distributes Volkswagen cars in the Philippines

  • Philippine Airlines taps Lufthansa Technik for Airbus maintenance

    May 18, 2018 4:24 AM 8

    MANILA - Philippine Airlines has tapped Lufthansa Technik Philippines to maintain its new Airbus jets for 12 years, MacroAsia Corp said Friday. The deal, which will take effect on May 31, is estimated to be worth $260 million (P13.6 billion) during its lifespan, said MacroAsia, which owns 49 percent of Lufthansa Technik. Both Philippine Airlines and MacroAsia

  • Melco, Premium Leisure in talks for stake in City of Dreams operator

    May 18, 2018 3:13 AM 4

    MANILA - Melco Resorts and Entertainment Philippines said Thursday Premium Leisure Corp was in "preliminary discussions" with its controlling shareholder to acquire shares in the joint venture that operates the City of Dreams mega casino. Melco Philippines told the stock exchange that it was notified by Melco Resorts and Entertainment Limited of the talks

  • YouTube revamps streaming music service

    May 18, 2018 12:32 AM 5

    SAN FRANCISCO - YouTube is launching a revamped, standalone streaming music service as part of an effort to step up competition against fast-growing rivals like Spotify and Apple Music. The new YouTube Music is set to launch next week in the United States, Australia, New Zealand, Mexico and South Korea, with more markets coming online soon. The move enables

  • Monsanto warns vs illegal Bt corn

    May 17, 2018 11:00 AM 5

    Monsanto Philippines asked the government to address the proliferation of illegal Bt corn seeds and prevent damage to farmers and industry. Monsanto Philippines regulatory policy and scientific affairs lead Gabriel Romero said the increased incidence of counterfeit seeds could affect local corn farmers and the country’s corn industry. “Adulterated seeds

  • SM City Telabastagan opens in Pampanga on May 18

    May 17, 2018 9:47 AM 5

    SM City Telabastagan, SM Prime's 3rd mall to open this year, will have 55,000 square meters of gross floor area MANILA, Philippines – SM Prime Holdings Incorporated, the country's largest mall operator and developer, is set to open on Friday, May 18, its 4th shopping mall in Pampanga. SM Prime on Thursday, May 17, told the Philippine Stock Exchange (PSE)

  • AirAsia wants travel tax waived in Clark to lure more passengers

    May 17, 2018 9:28 AM 5

    SAN FERNANDO, Pampanga - AirAsia has asked the government to waive travel taxes and grant other incentives for Filipinos who will opt to fly from Clark to help decongest the main airport in Manila, the airline said Thursday. The Southeast Asian carrier also said it was transferring its main office to Clark, a former American military base that the government

  • Inflation in PH may hit 6 pct in August: Standard Chartered economist

    May 17, 2018 9:27 AM 5

    MANILA - Inflation in the Philippines may hit 6 percent in August this year because of a number of factors, an economist at Standard Chartered said Thursday. Chidu Narayanan, Standard Chartered economist for Asia, said inflation may average 5.2 percent in 2018 before sliding to 4.9 percent in 2019. Higher government spending on infrastructure, the impact

  • Hanjin subcontractor ordered to stop work after fatal accident

    May 17, 2018 7:17 AM 4

    MANILA - The Department of Labor and Employment on Thursday said it suspended the operations of a subcontractor of Korean shipbuilder Hanjin Heavy Industries in Subic following an accident that killed 1 worker and injured 3 others. Binictican I-Tech Corp was slapped with a work stoppage order after the company failed to "strictly implement and monitor

  • YouTube to launch new music streaming service on May 22

    May 17, 2018 6:26 AM 4

    Google's YouTube said on Wednesday it will launch a new music streaming service, YouTube Music, next week and unveil soon a premium service that will charge more for its original shows. YouTube Music, which will be launched on May 22, comes with extra features like personalized playlists based on individual's YouTube history and other usage patterns