SBMA Reports Profit of P1.1 Billion Pre-Tax

The Subic Bay Metropolitan Authority (SBMA) posted the previous year’s pre-tax earnings. It amounted to a total of Php 1.1 Billion. This was after it incurred an increase in foreign …

Denny’s and Texas Roadhouse to Open in Manila

The Bistro Group is set to bring three more dining brands into the Philippines. These brands include Denny’s and Texas Roadhouse. The entry of such American establishments will give the …

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 …

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 …

Batman v. Superman Partners with Turkish Airlines

In an unexpected turn of events, Warner Bros.’ upcoming film, Batman v. Superman: Dawn of Justice, has partnered up with Turkish AIrlines for a promotional campaign. The campaign includes a …

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 …