Displaying all posts for Business

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 »

PH eyes setting up bank in Bahrain

By Mayvelin U. Caraballo/manilatimes.net – TMTThe Department of Finance (DoF) on Wednesday said it is exploring the possibility of opening a subsidiary of the Land Bank of the Philippines (LandBank) in Bahrain for overseas Filipino workers (OFWs) and to facilitate trade and investment with Manama. In a statement, Finance Read more »

Henry Sy Tops Forbes Philippines Rich List for Nine Years in a Row

via forbes.com – Henry Sy, takes the top spot on the Forbes Philippines Rich List for nine years in a row, with a net worth of US$13.7 billion. The complete Forbes Philippines Rich List is available here as well as in the latest issues of Forbes Asia and Forbes Read more »

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