Displaying all posts for Business

RCBC treasurer resigns amid money laundering case

via CNN Philippines – Amid the ongoing probe into the $81-million money laundering scandal hounding the Rizal Commercial Banking Corp. (RCBC), its treasurer has resigned from his post. Former treasurer and executive vice president Raul Victor Tan resigned effective Wednesday (April 20), RCBC said in a disclosure addressed to the Read more »

More Japanese look to Philippines to hone English skills

By Shinichi Tokuda/japantimes.co.jp – Japanese are increasingly choosing to study English in the Philippines over the United States or U.K., driven by the lures of cheaper tuition fees and the proximity to home. And corporations are also encouraging staff to study in the Philippines, where English is one of the Read more »

11 Filipino tycoons back in Forbes’ list of world’s richest

By Chrisee Dela Paz/rappler.com – All 11 Filipino tycoons who were featured in the 2015 edition of Forbes World’s Billionaires remained in this year’s exclusive billionaires’ circle, though most of them saw a decline in fortunes. (READ: 10 Filipinos on Forbes ’30 Under 30 Asia’ list) Even the richest man Read more »

Jollibee acquires 40% stake in US-based Smashburger chain

via rappler.com – Fastfood giant Jollibee Foods Corporation (JFC) acquires Denver, Colorado-based Smashburger, a quick service restaurant chain, for a substantial stake nearly worth $99 million. JFC, in a disclosure to the stock exchange Tuesday, October 13, said its wholly-owned subsidiary Bee Good! Incorporated (BGI), entered into an agreement Read more »

Emperador eyes French cognac maker

via ABS-CBNnews.com – Emperador Inc. on Monday said it is planning to submit a bid for Louis Royer SAS, a cognac maker in France. “Emperador Inc. wishes to clarify that it has expressed interest to participate in a bidding process for the acquisition of Louis Royer SAS, a cognac Read more »

Three Filipinas in 2015 Forbes’ 50 Power Businesswomen in Asia

By Bianca Rose Dabu/VS, GMA News – Among the 50 powerful businesswomen, entrepreneurs, and executives in Asia honored by Forbes in its 4th annual Asia’s Power Businesswomen list are three Filipinas from the upper echelons of business in the Philippines and in Asia, driving change across diverse industries. Chairman Read more »