Displaying all posts for Business

Philippine coffee industry is hot and brewing

By Precious Leano/rappler.com – Kirstin Reyes worked for 7 years in Singapore where she began an affair with coffee. When she returned to her home in Tuguegarao City in 2013, she roasted coffee and created her own coffee brand. In 2014, she opened Barako Boy, Tuguegarao’s first coffee shop that Read more »

Overseas Filipino Bank to serve immigrants, workers

By Ben O. De Vera/inquirer.net – Soon-to-be opened Overseas Filipino Bank will cater to all Filipinos overseas, whether they are immigrants or contract workers, the Department of Finance said. The bank’s wide coverage will make it “more inclusive,” Finance Secretary Carlos G. Dominguez III said in a statement. Among the Read more »

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 »

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