AIG Plans to Buy Back Shares Worth $3 Billion
American International Group (AIG) continues to fight against calls for the firm to break itself up by planning to buy back $3 billion worth of its shares. After three consecutive …
Verizon to Purchase Fleetmatics Group PLC
Last Monday, Verizon Communications said that they would purchase Fleetmatics Group PLC (public limited company), a global positioning system (GPS) vehicle tracking firm, for around $2.4M in cash to support …
Nestle Philippines Builds 2B Worth Malt Plant in Batangas
Something good is about to arrive in the province of Batangas. In a press conference held earlier this week, Nestle Philippines Inc. stated that the food and drink company is …
Mining Companies Take Duterte’s Stern Warning as a ‘Challenge’
The President has maintained his tough stance against businesses that are violating government standards and damaging the environment. He put particular emphasis on mining companies, saying that mining threatens agriculture, …
Phoenix Net Profit Up by 33% in First Half
Phoenix Petroleum Philippines Inc. saw its net profit rise by 33 percent in this year’s first half owing to stronger sales compared to the same period last 2015. Phoenix attributed …
Twitter Communications Chief Quits Job
Just months after joining the social media platform, Natalie Kerris who served as the Communications VP of Twitter left the company. Kerris joined Twitter last February. Though it wasn’t directly …
McDonald’s to Ditch Artificial Preservatives
If you can’t resist eating meals from McDonald’s, the popular fast food chain has something good for you. Recently, McDonald’s announced its efforts to reduce the use of artificial preservatives …
Philippine-France Partnership to Boost PH Economy
Last year in Paris, former Department of Trade and Industry chief Gregory Domingo met French Minister of State for Foreign Trade Mathias Fekl to discuss about the Philippine-France JEC which …
India PM Calls for Support on Tax Reform
Indian Prime Minister Narendra Modi has called for the passing of an important legislation to reform the country’s tax system. India’s current tax model consists of 15 types of taxes, …
Uber Yields China Business to Rival Didi Chuxing
Uber’s stint in China may have just ended after it agreed to sell its business to its fiercest rival: Didi Chuxing. The local taxi app controls 87% of the Chinese …