Philippine Seven Net Profit Rise by 61.6%

The Philippine operator of 7-Eleven convenience stores is drawing strength from spending related to the recent elections. Net profit has risen upwards to 61.6% for the first three months of …

Metro Manila Property Market Stabilizing

Property developers are preparing for the launch of more real estate projects in 2016 after a contraction witnessed in 2015. The Metro Manila market is expected to stabilize after a …

Apple Invests $1B in Didi Chuxing

In a bombshell announcement, Apple revealed a $1 billion investment in Didi Chuxing, China’s top ride hailing app. The company is often described by the U.S. media as the Chinese …

Android VR Headset to be Announced by Google

Google is reportedly announcing a standalone Android VR headset at the next Google I/O event. Peter Rojas, a former tech journalist, tweeted about the potential release, citing multiple sources. He …

Semirara Profit for First Quarter Rises by 16%

Semirara Mining and Power Corp. stated on Tuesday that earnings in the first quarter rose by 16%. This was made possible despite lower revenues from its power generation subsidiary. In …

Accion Systems Raise $7.5 million in Series A

Accion Systems has raised $7.5 million. The Series A funding was made possible by Shasta Ventures. Other participants in the round were Founder Collective, RRE Ventures, and Slow Ventures. The …

Walmart Testing 2-Day Shipping Service

A notable change is being made by Walmart to ShippingPass. The company will move the three-day delivery service to a two-day delivery, in order to compete with Amazon’s own shipping …

PAL Refunded on Jet Fuel Taxes

The Court of Tax Appeals granted Philippine Airlines, Inc. a refund of P88.54-million in taxes. This is for the importation of Jet A-1 aviation fuel for 2005’s second quarter. The …