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 Pokhara Junket Casino opens in Clark

CLARK FREEPORT—The first of its kind junket casino is now open in this free port. Pokhara Junket Casino was formally opened on Wednesday at the ground...

Royal Air to mount 5 domestic destinations via Clark airport

CLARK INTERNATIONAL AIRPORT—Starting November 12, five new daily flights to Puerto Princesa, Cebu, Caticlan, Tagbilaran and San Vicente, Palawan, will be operated by Royal Air...

Car shopping online hits critical mass as Carvana comes to NYC

AS much as anyone, New Yorkers understand the urgent need for a corned-beef on rye, a bottle of tequila or even a six-pack of dress...

Aston Martin valued at $6.7 billion in IPO pricing

LONDON—Aston Martin Lagonda, the maker of James Bond’s favorite sports car, plans to raise as much as £1.27 billion ($1.67 billion) when it sells...

Fox-Comcast battle to buy Sky to be settled by auction in...

LONDON—British regulators said the corporate battle between 21st Century Fox and Comcast to take over broadcaster Sky will be settled by auction. The Takeover Panel,...

PHL office market deals hit record-high 1.4 million sq.m. as of September...

AMID the continued growth in capital and lease values in the Philippines, the office segment of the real-estate industry remains robust as it posted...

39-year-old founder’s fortune jumps to $5.3 billion after IPO

WANG Xing, founder of Meituan Dianping, has seen his net worth surge to $5.3 billion after the initial public offering (IPO) of the food...

Pepoa concerned over mining grant given to MMC 

THE Private Electric Power Operators Association expressed concern over the franchise application of More Minerals Corp. (MMC), a mining company that reportedly wants to...

Stocks advance as Treasuries steady; dollar slips on Thursday

STOCKS climbed on Thursday as traders awaited the latest twists on global trade and digested Treasury yields approaching their highest level this year. The...

New iPhone no help to assembler as Hon Hai slides down...

THE contrast between Apple Inc.’s ascension to a $1-trillion stock and the share performance of its biggest iPhone assembler just got even starker. Hon Hai...

DOE pushes oil, gas exploration with new contracting round

THE Department of Energy is encouraging downstream oil-industry players to participate in the DOE’s Philippine Conventional Energy Contracting Program (PCECP). “I think Petron may be...

Remitly seeks to gain 40% share of PHL remittance market by 2022 

UNITED STATES-BASED Remitly said on Wednesday it is targeting to increase its share of the Philippine remittance market from 16 percent to 40 percent by...

Pag-ibig H1 income reaches P16.09 billion

THE Home Development Mutual Fund (Pag-IBIG) has reported a net income of P16.09 billion for the first six months of the year, increasing by...

DOTr to finish guidelines for development of regional airports by year-end

THE Department of Transportation (DOTr) aims to complete within the year the legal and administrative processes for the implementation of two separate unsolicited proposals...

CLI fully spent P2.15-billion IPO funds raised for expansion

PROPERTY developer Cebu Landmasters Inc. (CLI) bared on Wednesday the full utilization of the P2.15-billion capitalization it raised from the sale of over 400...

Online hiring 18% in PHL

DESPITE recent economic headwinds experienced by the economy, online hiring in the Philippines increased 18 percent on the back of robust online hiring activities...

Government to push for investment in mini-power grids in 3-day forum

THE Department of Energy and the Alliance for Rural Electrification with the support of the European Union and the Philippine National Electrification Administration, will...

Phoenix Petroleum to freeze gas prices in calamity areas

PHOENIX Petroleum Philippines Inc. is implementing a price freeze on gasoline and diesel products in areas declared under a state of calamity (SOC) following...

Taiwan firm defers I.P.O. plan to raise P6.77 billion

TAIWANESE firm Cal-Comp Technology Philippines Inc. on Wednesday said it is deferring its initial public offering, citing jittery market conditions. Cal-Comp’s deferment comes days after the...

W.F.M.A. signs accord with Fortune Life, Eternal Plans

World Financial Marketing Alliance (WFMA) entered into an agreement with Fortune Life Insurance Corp. and Eternal Plans Inc. for it to offer the insurance...