Business
BCDA terminates lease deal with John Hay developer
State-owned Bases Conversion and Development Authority (BCDA) on Wednesday terminated its lease agreement with Camp John Hay Development Corp. (CJHDevco). However, CJHDevco said the BCDA's move is illegal.Full article
Top Stories
Gozon says other parties 'interested' in acquiring GMA Network
As of 05/16/2012 4:36 PM
MANILA, Philippines - It's not just businessman Manuel V. Pangilinan who is reportedly interested in buying GMA Network Inc. Felipe Gozon, chairman of GMA Network, said other parties have expressed interest in acquiring the multimedia company. Full article
Aquino lauds sari-sari store owners
As of 05/16/2012 4:35 PM
Even the lowly sari-sari store contributes to the Philippine economy. President Aquino acknowledged the contributions of the micro, small and medium enterprises to the national economy, saying the retail industry accounted for 13% or P1.3 trillion of the country's 2011 gross domestic product. Full article
Sky Cable, Destiny seek NTC nod on sale deal
As of 05/16/2012 4:07 PM
MANILA, Philippines - Sky Cable Corp. and Destiny Cable, Inc. are asking the National Telecommunications Commission (NTC) to approve the deal signed by the 2 companies last week. Full article
Petron open to more acquisitions in Asia
As of 05/16/2012 1:21 PM
MANILA, Philippines - Petron Corp. is looking at acquiring other Asian refiners. Petron chairman Ramon Ang said the company is open to more acquisitions in the Asian region, but declined to give details. Full article
PH papayas, pineapples also impounded in China
As of 05/16/2012 12:39 PM
MANILA, Philippines – After holding huge shipments of Philippine banana in their ports recently, Chinese authorities have also started impounding Philippine papayas and pineapples, an official said on Wednesday. Full article
Jollibee soon to open in Singapore
As of 05/16/2012 12:07 PM
MANILA, Philippines - Singaporeans will soon get a taste of Chickenjoy, Yum burger and Jolly Spaghetti, as the Philippines' biggest fast food chain Jollibee is laying the groundwork to finally open a store in the city-state. Full article
Profiles
Billionaire Okada bets to win with fine dining and casinos
HONG KONG - Kazuo Okada, the Japanese billionaire engaged in a fierce legal battle with Las Vegas casino tycoon Steve Wynn, is diversifying his pachinko company with a string of his own restaurants and is negotiating to build a casino resort in South Korea.
Business Specials
Jollibee soon to open in Singapore
MANILA, Philippines - Singaporeans will soon get a taste of Chickenjoy, Yum burger and Jolly Spaghetti, as the Philippines' biggest fast food chain Jollibee is laying the groundwork to finally open a store in the city-state.