Displaying all posts for Business

Cebu Pacific launches inaugural flight to Dubai

By Miguel R. Camus/Philippine Daily Inquirer – Cebu Pacific, the country’s biggest budget carrier, launched its inaugural Manila-Dubai flight Monday, marking both the airline’s first foray into the long-haul segment. In a statement, Cebu Pacific CEO Lance Gokongwei, who was present during the flight ceremony, told guests that it Read more »

Henry Sy still richest Pinoy — Forbes

By Siegfrid O. Alegado/GMA News – Shopping mall tycoon Henry Sy and his family remained the country’s richest for the sixth straight year, even as seven individuals debuted on the Forbes Philippines Rich List, the American magazine said Thursday. The combined net worth of the Philippines’ 50 richest totaled Read more »

Mall in the middle: Cast of the SM Aura soap

By Cai Ordinario/Rappler.com – The battle for prime real estate in the crowded but profitable domain of Metro Manila is at the core of an ongoing dispute among and between parties in business and government. At stake is an over 3.3-hectare property in Taguig City adjacent to a main Read more »

Suze Orman: PH money culture must change

By Lean Santos/rappler.com – If Filipinos want to save and become financially sustainable in the future, they should start changing their culture of spending beyond their means, world-renowned personal finance guru Suze Orman said. “Don’t spend money you don’t have to impress people you don’t know or even like,” she Read more »

Philippine Stocks Crash: Symptom of Growing Economic Imbalances

by Richard Javad Heydarian After three years of bullish run, the Philippine Stock Exchange (PSE) is on the downhill. Featuring among the emerging markets’ hottest for almost 12 months, the PSE is now, however, filled with among the most overpriced stocks in Asia and beyond. And quite predictably, investors Read more »

The gunmakers of the Philippines

By Kate McGeown/BBC News – A shot rings out from a factory on the outskirts of the Philippines’ second-biggest city, Cebu. But this isn’t an all-too-frequent drive-by killing or an argument that has become violent. The sound is from a testing range at Shooters Arms, the country’s second-largest gun factory. Read more »