Business & Economy

Communist insurgency only dragging down businesses, says Duterte

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President Rodrigo Duterte on Monday, Nov. 27, dismissed the communist insurgency as worthless, which only dragged down businesses.

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Finance chief Dominguez: PH-US ties ‘can only grow stronger’

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Acknowledging that the United States had been instrumental in economic and public governance reforms undertaken in the Philippines of late, the head of the Duterte administration’s economic team expressed optimism that such reforms would entice more American investors to do business here.

Read more: Finance chief Dominguez: PH-US ties ‘can only grow stronger’

Gov’t urged to explore Reed Bank gas field

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NAGA CITY -- Supreme Court Senior Associate Justice Antonio Carpio has called on the government to take advantage of an international tribunal’s decision favoring the country’s claim to the West Philippine Sea by exploring another gas field and replacing the diminishing Malampaya gas stock.

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US mobile carriers Sprint, T-Mobile to merge - report

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TOKYO -- Japan’s SoftBank has reached a broad accord to merge its US subsidiary Sprint with T-Mobile to create a rival to America’s top two wireless carriers, a newspaper said Saturday, Oct. 14.

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Filipinos warned vs bitcoins, cryptocurrencies

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Filipinos hoping to cash in on the bitcoin craze were warned by the chair of the House banks and financial intermediaries committee on Wednesday, Nov. 29, about the risks of investing in cryptocurrency, as the price of bitcoin surged to $10,000.

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Tourist site near an open mining pit

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Just a hundred meters from the shoreline of Hinatuan beach in Surigao del Sur lies a future tourist attraction being built by an unexpected group  - a coastal resource management team working for Nickel Asia Corp. (NAC), the largest nickel producer in the country.

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Bezos a $100 billion man as Amazon rises on cyber shopping

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Amazon founder Jeff Bezos was a $100-billion man on Monday, Nov. 27, as the online retail colossus raked in cash from the holiday weekend’s cyber shopping spree.

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R-II Builders’ right to collect P4.5B over Smokey upheld by SC

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The Supreme Court has upheld the right of a construction company owned by real estate mogul Reghis Romero II to collect P4.5 billion from the government as settlement for its controversial housing project on the Smokey Mountain dump in Tondo, Manila.

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Bitcoin bonanza draws warning from Europe central bank

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PARIS, France -- The vice-president of the European Central Bank on Wednesday, Nov. 29, expressed concern about the relentless rise in value of the virtual currency Bitcoin and the potential risk accompanying the trend.

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European businesses to stay in PH - ECCP president

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European businesses are here to stay in the Philippines despite the curse-laden remarks of President Rodrigo Duterte and his warning against the European Union (EU) parliaments for criticizing his drug war.

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