Displaying all posts for Business

Dennis Uy acquires FamilyMart

By Richmond Mercurio/The Philippine Star – The local operations of Japanese convenience store chain FamilyMart will soon be under the helm of businessman Dennis Uy after his retail fuel business, Phoenix Petroleum Philippines Inc., decided to acquire the convenience store chain’s entire stake from its current owners. In a disclosure Read more »

Philippines AirAsia picks Clark airport over NAIA as its main hub

By Chrisee Dela Paz/rappler.com – Philippines AirAsia Incorporated targets to make the Clark International Airport its main hub for operations, as the Ninoy Aquino International Airport (NAIA) has inadequate space for the budget airline’s fleet expansion, its chief said. To sustain its operations, the Clark International Airport Corporation Read more »

The Harvey Weinsteins of the Philippines

By Iris Gonzales/The Philippine Star – Whether it’s a sleazy borrowed room in a hotel overlooking Manila Bay, in the back seat of a sleek SUV or in a swanky office on the top floor of a skyscraper in Makati, any place can be a crime scene. And every man Read more »

Bitcoin use grows in Philippines, regulators flex muscle

via abs-cbn.com – The Bangko Sentral ng Pilipinas has released guidelines on cryptocurrencies including bitcoin, as transactions involving digital coins grew, an official said. Cryptocurrency transactions have grown to $6 million daily from $2 million to $3 million a few years ago, BSP deputy director Melchor Plabasan told ANC’s On Read more »

Transport strike shuts Philippine financial markets

By Chrisee Dela Paz/rappler.com – There will be no clearing and settlement operations by the Bangko Sentral ng Pilipinas (BSP) and the Securities Clearing Corporation of the Philippines on Monday, October 16, following an order from Malacañang to suspend government work due to a two-day nationwide transport strike. The Philippine Read more »

Filipino Cult Favorite Jollibee Plans Global Expansion

The fast-food chain may be looking to acquire Pret A Manger By Monica Burton/eater.com – Filipino-style sweet spaghetti and fried chicken could one day be as ubiquitous as a McDonald’s burger and fries. Jollibee, often called the “McDonald’s of the Philippines,” is planning for global expansion, and as Read more »

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