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  • Filipino 'prosumers' want brands to tackle social issues – study

    August 18, 2018 7:30 AM 4

    A new type of Filipino consumer that is socially aware is on the rise, and businesses have to keep up with them to stay relevant MANILA, Philippines– Calls to boycott brands engaging in unfair labor practices and the growing popularity of environment-friendly items are just some of the latest trends in business, according to a study, and brands have to adapt

  • Antitrust body OKs Robinsons Retail's acquisition of Rustan Supercenter shares

    August 17, 2018 7:13 AM 4

    MANILA - The Philippine Competition Commission on Friday approved the acquisition by Robinsons Retail Holdings Inc of shares in Rustan Supercenters Inc. The acquisition does not result in a substantial lessening of competition in the relevant market, the Philippine Competition Commission said in its decision dated Aug. 16th. "There are sufficient competitive

  • Canceled flights over NAIA airport mishap, August 17

    August 17, 2018 1:40 AM 5

    A Xiamen Air plane overshoots a runway in NAIA, causing international flight cancellations and diverted flights on Friday, August 17 MANILA, Philippines – Aviation authorities announced the cancellation of flights on Friday, August 17, due to a Chinese passenger plane that overshot a Ninoy Aquino International Airport (NAIA) runway. Xiamen Air flight

  • Gatchalian eyes suspension of TRAIN law

    August 16, 2018 11:08 AM 5

    MANILA - Senator Sherwin Gatchalian on Thursday said his committee might recommend the suspension of the tax reform law upon hearing the incomplete status of government programs designed to cushion the law's effect on inflation. Gatchalian, head of the Senate Committee on Economic Affairs, took note of the National Food Authority's failure to provide

  • RCBC Savings Bank chief likens role to orchestra 'conductor'

    August 16, 2018 11:06 AM 4

    For the boss of RCBC Savings Bank, managing a business is a lot like overseeing an orchestra. "I liken a boss to a conductor, a conductor who would like to ensure that the team is playing good music," said Rommel Latinazo, RCBC president and CEO. Latinazo said this wasn't an easy task when you have 2000 different people with 2000 different personalities

  • Poorest Filipinos suffer most from inflation: study

    August 16, 2018 9:51 AM 5

    MANILA - The poorest 30 percent of the population suffer the most from rising prices of goods, particularly food items such as rice, a statistics expert said Thursday. On average, households spend 38.34 percent of their budget on food, said Dr. Dennis Mapa, dean of the University of the Philippines School of Statistics. But for the poorest 30 percent

  • Fil-Chinese businessmen not in favor of 2nd tax reform package: officials

    August 16, 2018 9:00 AM 7

    MANILA - Members of the Federation of Filipino-Chinese Chambers of Commerce and Industries are not in favor of the second package of tax reforms being pushed by the government, officials of the business group said on Thursday. Domingo Yap, president of the business federation, said they are wary of the effects of TRAIN 2 after the first tax reform package

  • Avoid pick up points along EDSA: Grab releases guidelines amid driver-only ban

    August 16, 2018 7:07 AM 7

    MANILA - Ride-hailing firm Grab on Thursday urged passengers not to set pick-up points along EDSA amid the dry-run of the high occupancy vehicle (HOV) traffic scheme that prohibits driver-only cars from using the main thoroughfare. If unavoidable to pass by EDSA without a passenger, drivers were encouraged to use the yellow lane and to take the nearest

  • Cash remittances down 4.5 pct in June amid OFW repatriation: BSP

    August 15, 2018 10:39 AM 6

    MANILA - Cash remittances from overseas Filipinos totaled $2.4 billion in June, down 4.5 percent compared to the same month a year ago, the Bangko Sentral ng Pilipinas said Wednesday. Personal remittances in June meanwhile totaled $2.6 billion, down 4.9 percent from a year ago. The BSP said the government's repatriation program may have partly affected

  • Villar pushes for P10-billion rice farmers' subsidy

    August 15, 2018 9:47 AM 7

    Senator Cynthia Villar says she won't agree to rice tariffication if farmers would not get subsidies MANILA, Philippines – Senate agriculture and food committee chairperson Cynthia Villar is pushing for a P10-billion subsidy for local rice farmers along with the proposal to lift import quotas and slap tariffs on rice imports. "I won't agree na mag-liberalize