In an effort to calm customer concerns over recent safety recalls, an official of Toyota Motor Philippines Corp. (TMP) assured its Filipino buyers that their cars are not manufactured in Europe and in the United States. (more…)

By Jennifer A. Ng – A Korean company is set to invest $300 million to construct an ethanol plant capable of producing 150 million liters of ethanol in Clark, Pampanga, an official of the Philippine Agricultural Development and Commercial Corp. (PADCC). (more…)

Written by Free Enterprise / George S. Chua
A WEEK ago, the “Buy Pinoy, Buy Local” movement was launched at the Club Filipino, spearheaded by the Federation of Philippine Industries Inc. (FPI) and the Federation of Filipino-Chinese Chambers of Commerce and Industry Inc. (more…)

GMANews.TV – TDK Fujitsu Philippines Corp. (TFPC), which makes magnetic recording heads for computer hard disk drives, said it laid off 2,000 workers in its Biñan, Laguna facility. (more…)

By James A. Loyola – San Miguel Corporation disclosed yesterday that it had signed a P58.9 billion ($ 1.224 billion) share purchase agreement for the purchase by Kirin Holdings Company, Limited of a 43.25 percent stake in San Miguel Brewery Inc. (more…)

By Lala Rimando – The Philippine assembly plant of the world’s biggest chip maker, Intel, will be shut down by the second half of 2009. (more…)

By Manuel Cayon
DAVAO CITY—The Bangko Sentral ng Pilipinas (BSP) said the government’s microfinancing program has covered 3 million clients or Filipino households, comprising two-thirds of the projected total market that it could serve. (more…)