Displaying all posts for Business

Toyota picks Philippines to lead launch of all-new Hiace

By Catherine Talavera/The Philippine Star – Japan’s Toyota Motor Corp. (TMC) has chosen the Philippines to be the first market to launch its new Hiace models given the strong demand in the country’s for the particular product. TMC and Toyota Motor Philippines (TMP) unveiled yesterday the new generation Hiace Read more »

Philippines gets first protected bike lane along national highway

By Aika Rey/rappler.com – Bikers passing through Laguna Lake Highway in Taguig City can now pedal worry-free, with a protected bike lane installed by the Department of Public Works and Highways (DPWH). Early Thursday, February 7, Public Works Secretary Mark Villar and Taguig City officials inaugurated the 3-meter-wide bicycle lane, Read more »

‘Rice tariffication won’t solve Philippines’ inflation problem’

By Ian Nicolas Cigaral/philstar.com – Lifting the more than two-decade-old caps on rice imports would not solve the Philippines’ inflation problem, Deutsche Bank said, adding that the country’s “overheating” economy must lose steam to “stably” tame stubbornly high prices. Households reeling from soaring prices since the beginning of the year Read more »

A Filipino favorite, Jollibee aims for international growth

By Allyson Escobar and Saleah Blancaflor/nbcnews.com – It’s been called the “McDonald’s of the Philippines,” and the late Anthony Bourdain dubbed it “the wackiest, jolliest place on earth.” Jollibee, a fast food chain based in the Philippines, has become one of the world’s largest restaurant franchises, with more than 4,000 Read more »

‘No other way to fight back’: Philippines call center workers battle unfair quotas

By Michael Sainato/theguardian.com – Sara Prestoza has worked as a call center employee in the Philippines for 12 years, a country where several corporations such as Comcast, AT&T, and Verizon outsource their customer service and technical support services, relying on a cheap labor source of its 1.3 million call Read more »

IKEA building world’s largest store in Philippines, sets 2020 opening

By Jessica Fenol/ABS-CBN News – Furniture maker IKEA said Tuesday it would open its first store in the Philippines, envisioned to be the world’s largest, in 2020. Once complete, the IKEA store at the SM Mall of Asia will occupy 65,000 square meters, roughly the size of 150 basketball courts, Read more »

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