BDO Nets Record Php25.1 Billion

BDO Unibank, Inc. grew its net income last year by a tenth. It has reached an all-time high of Php 25.055 billion in the midst of robust growth in all …

Tesla Applies for a Michigan Dealership License

Tesla, the upstart EV automaker, has applied for a Michigan dealership license. Their usual practice of selling cars nationwide in company-run showrooms directly to the customers–which circumvents the dealership model–a …

US Top Court Rules for Liberty Mutual

On Tuesday, the U.S. Supreme Court ruled that health insurers in Vermont cannot be compelled to hand over data on medical expenses. In doing so, they’ve backed the Liberty Mutual …

SM to Consolidate Retail Businesses

Henry Sy, Sr. plans on merging his retail assets under SM Retail, Inc. that will form a larger business with almost 2,000 stores in total. The move is aimed at …

Election Lift Expected for the Peso

It is expected that the upcoming national elections will be good news for the peso. This expectation partially comes from history, since previous elections in 1998, 2004, and 2010 had …

Malaysia Eyes Philippines as Market for Raw Material

Malaysia Trade Office Commissioner Nyaee Ayup called on local producers for the exploration of opportunities in supplying raw materials to several Malaysian manufacturing companies. In an interview, she stated that …

China Bank Net Profit Increased by 10% in 2015

For the previous year, China Bank saw its net income expand by 10%. This increase happened on the back of the company’s continued core business operations expansion. To be specific, …