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Business

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  • 600 Chooks-to-Go, Uling Roasters opening soon

    February 24, 2017 8:08 AM 3

    MANILA - Bounty Agro Ventures said Friday it planned to open up to 600 new Chooks-to-Go and Uling Roasters stores, as it prepared to expand in Southeast Asia. Riding on robust consumption, the company hopes to grow its retail business by 70 percent, said its president, Ronald Mascarinas. Bounty Agro will hire 330 people this year, bringing its workforce

  • Daikin sees sales rising on new products

    February 23, 2017 4:00 PM 3

    MANILA, Philippines - Japanese air-conditioning giant Daikin remains bullish on its prospects for the Philippines despite electricity rates in the country among the highest in Asia. Daikin Airconditioning Philippines Inc. president Lee Wai Kok said the company is encouraged by the country’s growing economy which has been driving consumer spending upwards

  • Atlas Mining hikes capital to P8.5 B

    February 23, 2017 4:00 PM 4

    MANILA, Philippines - Atlas Consolidated Mining and Development Corp. has increased its authorized capital stock to P8.5 billion from P6 billion. In a disclosure to the Philippine Stock Exchange Wednesday, Atlas said the new capitalization comprises 8.5 billion common shares with a par value of P1 per share. Major shareholders SM Investments Corp., Anglo

  • Lopez backed by top environment advocates

    February 23, 2017 1:12 PM 5

    SOME of the country’s top environment advocates are backing Environment Secretary Regina L. Paz Lopez’s advocacy in the Department of Environment and Natural Resources (DENR). International environmental law expert Antonio Oposa Jr. and Sonia Mendoza, Mother Earth Foundation chairman, led the support groups for the embattled Lopez as she faces rough

  • Tax raps filed vs 3 firms for unpaid taxes

    February 23, 2017 12:35 PM 4

    MANILA - Tax evasion complaints were filed against three Metro Manila-based companies for unpaid taxes amounting to P104 million, the Bureau of Internal Revenue (BIR) said Thursday. - High Capacity Security Force Inc. and its president Virginia Villanueva and treasurer Edgardo Villanueva; and, - Ruby Star Services Inc. and its chairman Ramon Montano

  • Secretary Gina Lopez to Critics: Let love rain

    February 23, 2017 11:23 AM 4

    An emotional video was released by the Department of Environment and Natural Resources (DENR) Secretary Gina Lopez, in her Facebook account page on Wednesday, February 22 . In an effort to answer her critics as her good office ordered a shutdown of the mining areas Secretary Lopez released a 9-minute video to explain the responsibilities and obligation

  • Lopez: Duterte agrees no mining in watersheds

    February 23, 2017 8:55 AM 3

    'Don't worry, you're my Cabinet secretary, and naniniwala rin ako na hindi dapat i-mina 'yung watersheds,' Environment Secretary Gina Lopez recalls President Rodrigo Duterte as saying MANILA, Philippines – Environment Secretary Gina Lopez on Thursday, February 23, said President Rodrigo Duterte agrees with her that there should be no mining in the country's

  • Ayala buys Zalora stake, bets on e-commerce

    February 23, 2017 7:59 AM 3

    MANILA - The Ayala Group said Thursday it would acquire 43.3-percent of online fashion retailer Zalora, as it forays into e-commerce. Ayala Corp. and units Ayala Land, BPI Capital and Kickstart Ventures have signed an investment agreement with BF Jade E-Services Philippines Inc., the owner of Zalora Philippines, according to a stock exchange filing

  • Now you can upload multiple photos in one Instagram post

    February 23, 2017 6:34 AM 3

    MANILA - Photo-sharing app Instagram has launched a new slideshow feature that allows users to share multiple photos and videos in one carousel-style album. The update allows users to upload up to 10 photos or videos into one post, Instagram said in a blog post. "With this update, you no longer have to choose the single best photo or video from an experience

  • DICT to hold first PH telco summit in March

    February 23, 2017 2:33 AM 4

    MANILA — The Department of ICT will hold the country’s first Philippine Telco Summit next month to thresh out issues in the industry and hammer out solutions. “In order for us to solve the concerns of our consumers, we too have to solve the concerns of the telcos,” DICT secretary Rodolfo Salalima said. Salalima said the summit will focus on three areas