Business & Economy

Contractualization legal, but abused

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The Makati Business Club has warned against calls to end contractualization in the country, stressing that what should instead be addressed and discontinued were the abuses committed under this practice.

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BDO still PH’s biggest bank in ’15

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Henry Sy-Led BDO Unibank Inc. remained the country’s biggest bank in terms of assets, which rose to P1.94 trillion at end-2015, the latest Bangko Sentral ng Pilipinas (BSP) data showed.

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BSP says banking system ‘sound and stable’

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The country’s financial system as a whole remained “sound and stable” last year as the banking sector was awash with resources to sustain robust economic growth, according to the Bangko Sentral ng Pilipinas (BSP).

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Quezon farms get boost from new irrigation facility

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The National Irrigation Administration has inaugurated a P242-million irrigation facility in Tiaong, Quezon, amid efforts to shore up rice production in that town and in neighboring areas.

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Duterte asked: What’s your business plan?

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Presumptive President Rodrigo Duterte, the tough-talking mayor of Davao City, captured the imagination and votes of millions of Filipinos but he remains relatively “unknown” in business circles in Metro Manila, causing a degree of anxiety over how the economy will fare under his term.

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US firm Concentrix sets up Cebu BPO unit

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US-BASED business process outsourcing (BPO) firm Concentrix is gaining a foothold in Cebu with the opening of a new BPO hub at Megaworld Corp.’s beachfront estate The Mactan Newtown in Lapu-Lapu City by second half of this year.

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Vehicle industry set record sales in April

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The Philippine automotive industry has set another record performance in April with vehicle sales hitting 27,697 units, up 30 percent from year-ago level.

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PH satellite Diwata-1 now in orbit

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MANILA -- The long wait is over as the Diwata-1 is finally sent out to space to begin her 20-month-long journey.

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Giant clams ‘re-wilding’ waters near Semirara mine site

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It so happens the Consunji-led company has discovered a way to prepare the future of both its host communities and island environment, even if it’s one borne out of coal mine operations.

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Ford recalls 202K pickups, SUVs, cars to fix transmissions

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DETROIT -- Ford is recalling nearly 202,000 pickup trucks, SUVs and cars in North America because the automatic transmissions can suddenly downshift to first gear.

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Cynthia V. Reyes DMD