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  • Where to invest during the Year of the Earth Dog

    February 16, 2018 4:50 AM 6

    MANILA - Investors should bet on property this year, as the construction boom gets a lift from Year of the Earth Dog, a feng shui expert said Friday. Those born in the Year of the Snake will be lucky with money. Those born with the water element should venture into water-related businesses, said Rhys Suiza Schmidt. "Right now we have the Earth element

  • Bangko Sentral cuts reserve requirement for banks, financial institutions

    February 15, 2018 9:08 AM 6

    MANILA - The Bangko Sentral ng Pilipinas said Thursday it cut the reserve requirement ratio for banks by one percentage point. The new requirement will take effect on March 2 and will cover banks and non-bank financial institutions with quasi-banking functions, the central bank said in a statement. The current reserve requirement ratio requirement currently

  • Cebu furniture-maker taps bamboo for sustainable business

    February 15, 2018 9:07 AM 5

    MANILA - Furniture-maker Design Ventures said Thursday it was helping Cebu folk build sustainable a sustainable industry by using bamboo, a local resource. The company, a member of the HoliCOW coalition of manufacturers, said it was focused on developing bamboo, which has over 200 species in the Philippines, Design Ventures owner Debbie Palao told ANC. "I go to the communities

  • Seaoil ventures into lubricants and auto service

    February 15, 2018 7:29 AM 6

    MANILA - Oil retailer Seaoil said Wednesday it was venturing into the lubricants and vehicle maintenance business. The company said it opened its first branded lubricant service center, LubeServ at its station in Dau, Pampanga and would open 4 more centers within the year. Aside from oil change and lubrication services, LubeServ will also offer aircon

  • SM to open new mall in Imus, Cavite

    February 14, 2018 11:51 AM 8

    MANILA - Retail and real estate giant SM Prime Holdings Inc is opening a new mall in Imus, Cavite on Friday, the mall operator said. The new 13,000-sqm mall called SM Center Imus will feature the company's well-known brands including SM Supermarket, SM Appliance Center, ACE Hardware, Miniso, Watsons and BDO. "The opening of SM Center Imus marks another

  • DoubleDragon brings warehouse business to Iloilo

    February 14, 2018 7:34 AM 7

    MANILA – DoubleDragon Properties Corp on Wednesday said its subsidiary, CentralHub Industrial Centers Inc, acquired another industrial warehouse in Iloilo. The 3.9-hectare property near the Iloilo International Airport and the city proper, will be the second facility of its kind after the one in Tarlac, DoubleDragon told the stock exchange. Each hub will contain

  • Business of love: How Filipinos spend on Valentine's Day

    February 14, 2018 4:50 AM 7

    MANILA - Filipinos' spending during the love month of February can rival that of the Christmas season, a family business coach said on Monday. An estimated 30 percent of the 15 million middle-income marketspend about P2,000 on chocolates, roses and dinners for their loved ones on Valentine's Day, Eric Soriano told ANC. "These are fueled by marketing

  • How KFC, McDonald's are cashing in on Valentine's Day

    February 14, 2018 3:08 AM 7

    MANILA - Companies around the world are cashing in on Valentine's Day, offering lovers items exclusive to the season. In the US, fast food chains KFC released chicken-scented scratch-and-sniff Valentine's Day cards while rival McDonald's is selling $12,000-worth 18k diamond encrusted burger rings called the "Bling Mac." Chocolate-maker Mars opened a candy-themed

  • Startup offers blockchain solution for manufacturers

    February 13, 2018 8:28 AM 7

    MANILA - Manufacturers can tap blockchain, the same platform used to trade bitcoin and other cryptocurrencies, to manage their supply chains, a startup offering such service said Tuesday. Syncfab.com uses blockchain to help businessmen request for best price quotations and order supplies, said its founder and CEO Jeremy Goodwin. "The supply chain is spread

  • Jollibee takes bigger bite out of U.S.-based Smashburger

    February 13, 2018 8:25 AM 4

    The homegrown fast-food giant will acquire an additional 45% stake in the American burger chain for $100 million MANILA, Philippines – Fast-food giant Jollibee Foods Corporation (JFC) is increasing its stake in US-based burger chain Smashburger from 40% to 85%, in line with its bid to conquer foreign markets. JFC told the Philippine Stock Exchange (PSE)