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  • OnePlus 6 challenges Apple, Samsung, Huawei flagships

    May 16, 2018 11:40 PM 7

    MANILA - China's OnePlus unveiled on Thursday its sixth-generation smartphone, claiming to match features found on top offerings from Apple, Samsung and Huawei at half the price. The OnePlus 6 has a glass back, a nearly 6.3-inch screen to match the Galaxy S9+ and a notch on the display that is similar, albeit smaller, than the one on the iPhone X. OnePlus

  • 2 Japan banks tie up with RCBC to assist small business

    May 16, 2018 3:13 PM 4

    Kansai Mirai Financial Group Inc. said Wednesday its two banking units have teamed up with a Philippine lender to help small and midsize Japanese firms advance into the Southeast Asian country. Osaka-based Kansai Urban Banking Corp. and Kobe-based Minato Bank signed a business alliance agreement with Rizal Commercial Banking Corp., the financial group

  • Taiwanese electronics firm to hire 16,000 more Filipinos

    May 16, 2018 8:53 AM 6

    MANILA - A Taiwanese electronics manufacturing firm said Wednesday its expansion in the Philippines would generate 16,000 more jobs this year. New Kinpo Group, whose clients include Casio and Toshiba, currently employs 10,000 people in its 4 factories in the Philippines, said its CEO, Simon Shen. "Philippines encountered competition from Indonesia, Vietnam

  • DoubleDragon triples net income as rental revenues soar

    May 16, 2018 2:47 AM 6

    MANILA - DoubleDragon said Wednesday its net income tripled in the first three months of the year, reflecting a surge in rental revenues. Consolidated net income in the January to March period grew 349.4 percent to P744.6 million from P165.7 million during the same period in 2017, DoubleDragon said in a statement. Recurring revenues rose 173.7 percent

  • Cebu Pacific offers cross-bookings to Maldives, Berlin, Athens with partners

    May 16, 2018 1:30 AM 5

    MANILA - Cebu Pacific and 7 other allied low-cost carriers relaunched their website on Wednesday, with the Filipino airline offering a seat sale to Athens, Berlin and Male in the Maldives. The Value Alliance website offers cross-sales among its members including Cebu Pacific, Cebgo, Jeju Air, Nok Air, NokScoot, Vanilla Air, Tigerair Australia, Scoot

  • Remittances from Filipinos overseas down 10 pct in March

    May 15, 2018 12:38 PM 5

    MANILA - Personal remittances from overseas Filipinos (OFs) reached $7.8 billion in the first quarter of 2018, registering a 1.3 percent year-on-year growth, Bangko Sentral ng Pilipinas (BSP) Officer-in-Charge (OIC) Diwa Guinigundo said Tuesday. But personal remittances in March 2018, at $2.6 billion, were 9.9 percent lower compared to the same month

  • Vehicle sales slowed down 11% to 25,583 units in April

    May 15, 2018 11:40 AM 4

    Vehicle sales dropped 11.3 percent in April from a year ago, as the industry continued to feel the impact of higher excise taxes. Data from the Chamber of Automotive Manufacturing of the Philippines Inc. and the Truck Manufacturers Association showed their members sold a total of 25,583 units in April, down from 29,038 units delivered in the same month

  • Mass housing developers 'more affected' by rising interest rates: stakeholder

    May 15, 2018 11:36 AM 2

    MANILA – Rising interest rates could greatly affect low-end property developers, a stakeholder said Tuesday. “Some companies will be more vulnerable than others. I think the companies that cater to the lower end of the market, the mass housing companies, will be more affected by rising interest rates,” Emmanuel Rapadas, chief financial chief officer

  • SEC approves Wenceslao’s P15.5-billion initial public offering

    May 15, 2018 11:25 AM 3

    The Securities and Exchange Commission on Tuesday approved the P15.5-billion initial public offering of D.M. Wenceslao & Associates Inc., a leading construction and real estate development company. Documents filed with the SEC showed DM Wencesalo would offer 679.2 million common shares at P22.90 apiece. It also has an overallotment option of 101.876 million

  • Bloomberry eyeing $308-million cruise port

    May 15, 2018 11:05 AM 5

    Bloomberry Resorts Corp. of tycoon Enrique Razon Jr. submitted a proposal to the government to build a $308-million cruise port facility in Parañaque City, the Tourism Infrastructure and Enterprise Zone Authority said. TIEZA said in a late statement it forwarded to the Office of the President the proposal of Sureste Properties Inc., a wholly owned unit of Bloomberry