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  • DOLE studying 'feasibility' of 14th month pay for private sector

    August 15, 2018 6:49 AM 7

    MANILA - The Department of Labor and Employment (DOLE) on Wednesday said it will look into the feasibility of the proposed 14th month pay to workers in the private sector. The agency still has to study the proposal, Labor secretary Silvestre Bello III said in a statement, citing the need to maintain the "beneficial social partnership" between workers

  • GT Capital posts P7.1-billion net income in first half

    August 15, 2018 5:37 AM 7

    MANILA - GT Capital Holdings Inc on Wednesday reported a consolidated net income of P7.1 billion in the first half of 2018 as well as a P7.1 billion core net income for the same period. Consolidated revenues reached P101.2 billion from January to June, GT Capital said in a disclosure to the stock exchange. Metrobank, AXA Philippines, Metro Pacific and Toyota

  • Ayala-Aboitiz consortium bids for national ID system

    August 14, 2018 7:10 AM 6

    Ayala Corporation, AC Infrastructure, Aboitiz InfraCapital, and Unisys Philippines aim to design and develop the infrastructure for the national ID system MANILA, Philippines – One of the oldest conglomerates in the Philippines placed a bid to develop the infrastructure needed for the modern national identification system. Ayala Corporation said it formed

  • Pernia seeks data-driven federalism draft charter

    August 14, 2018 4:23 AM 7

    MANILA - Socioeconomic Planning Secretary Ernesto Pernia on Tuesday clarified that he is not against federalism although he sought a data-driven draft charter with analysis of its financial and economic impact. The proposed federal charter drafted by the Malacañang-backed consultative committee (ConCom) lacks analysis in its current form, Pernia told ANC's

  • Puregold net income up 25.6 percent in first half

    August 13, 2018 10:14 AM 9

    MANILA – Retail chain Puregold Price Club posted a net income of P3.08 billion in the first six months of the year, up 25.6 percent compared to the same period in 2017. The retailer said in a disclosure to the stock exchange on Monday that sales grew in the January-June period amid higher consumer spending as the first tax reform package resulted in higher

  • Trump backs boycott of Harley Davidson in steel tariff dispute

    August 12, 2018 7:23 PM 9

    WASHINGTON - U.S. President Donald Trump backed boycotting American motorcycle manufacturer Harley Davidson Inc. on Sunday, the latest salvo in a dispute between the company and Trump over tariffs on steel. The Wisconsin-based motorcycle manufacturer announced a plan earlier this year to move production of motorcycles for the European Union from the United

  • Kahit maulan, daan-daan dumalo sa 'Build, Build, Build' job fair

    August 12, 2018 6:24 AM 6

    MAYNILA — Hindi nagpatinag sa masamang panahon ang daan-daang aplikanteng tumungo sa job fair ng "Build, Build, Build" program nitong Linggo sa SMX Convention Center, Pasay City. Higit 17,000 bakanteng trabaho ang binuksan sa mga aplikante sa "Jobs, Jobs, Jobs" caravan na nilahukan ng higit 40 contractors na katuwang sa mga proyektong pangimpraestruktura

  • Visayas, Mindanao airports get P2B in proposed 2019 budget

    August 11, 2018 11:14 PM 6

    The new Bohol International Airport receives the biggest chunk at P754 million MANILA, Philippines – Visayas and Mindanao airports will receive P2.16 billion ($40.59 million) in the proposed 2019 national budget, as infrastructure remains one of government's top priorities. In a statement on Saturday, August 11, Makati City 2nd District Representative

  • BSP’s interest hike won't address supply-driven inflation – Pernia

    August 10, 2018 1:38 PM 6

    Socioeconomic Planning Secretary Ernesto Pernia says tightening of monetary policy by the Bangko Sentral ng Pilipinas 'will not directly address the supply side of inflation' “The tricky thing with inflation is there’s this concept of self-fulfilling prophecy… ibig sabihin kapag ang expectation nila na tataas pa ang inflation, bibili na sila ng produkto

  • Anitrust body OKs Grab-Uber deal, sets conditions

    August 10, 2018 4:41 AM 9

    Any breach of the fair pricing conditions and service quality commitments set by the Philippine Competition Commission will subject Grab to fines of up to P2 million per violation MANILA, Philippines – The Philippine Competition Commission (PCC) has bound ride-hailing company Grab Philippines to fair pricing conditions and service quality commitments