November 21, 2017, 4:42 am
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Business

Business

Open pit mine ban stays

November 21, 2017
President Duterte has not lifted a ban on open pit mining, presidential spokesman Harry Roque  said yesterday , going against the stance of a government panel and Environment Secretary Roy Cimatu  who are seeking to reverse the policy.

Logistics firm triples net, sp

November 17, 2017
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Chelsea Logistics Holdings Corp. (CLC)  tripled its profit in the first nine months of the year to  P405.7 million from  P102.0 million in the same period last year.

China central bank adviser exp

November 17, 2017
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BEIJING- A Chinese central bank adviser said on Thursday he expects the government’s financial deleveraging to be less forceful next year, a campaign that has weakened credit expansion at a time when the world’s second-biggest economy is showing signs of slowing.
 

One-off gain in 2016 hurts fir

November 17, 2017
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Lopez Holdings Inc. said profit for the first nine months of the year reached P3.17 billion, 43 percent lower than last year’s P5.591 billion. 

Few banks queuing for red car

November 17, 2017
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HONG KONG- China stunned the finance world last week when it unveiled plans to allow foreign control of its financial institutions. Few bankers thought their long-held dream of better access to the world’s largest banking market was within reach.

US delivery companies dig deep

November 17, 2017
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SEATTLE- The tightest US labor market this century is putting pressure on margins for freight haulers and warehouse operators as they bid for hundreds of thousands of workers to move packages during the peak holiday period.

Home improvement depot’s net

November 17, 2017
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Wilcon Depot Inc. reported a 163-percent increase in profit for the first nine months of the year to P1.12 billion from P426.24 million in the same period last year. 
 

Asian forum taken over by tech

November 17, 2017
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HONG KONG- Buyout barons convening in Hong Kong have been taken over by tech. Highly valued software and data companies were pretty much all that dealmakers roaming the halls of the Four Seasons this week for the annual AVCJ Forum could talk about. The obsession is a tell-tale sign of concern.
 

EU eyes Canada model for UK t

November 17, 2017
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BRUSSELS- The European Union is sizing up Britain for a post-Brexit free trade deal along the lines of one it agreed last year with Canada, people familiar with talks among national envoys on Tuesday told Reuters.

Port operator to hold union ac

November 17, 2017
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International Container Terminal Services Inc., (ICTSI) said the ruling of a Washington DC Court of Appeals is an affirmation of its stand against the abuse of the labor union at its port Portland, Oregon.
 

Wealth gap seen slowly narrowi

November 17, 2017
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LONDON- As the debate over wealth inequality rages, a paradox is expected to play out over the next five years: the share of people in the lowest strata will decline, while the wealth of the world’s richest will grow faster than any other group.

Pages

Front Page

Column of the Day

Trashy Trudeau and toothy Ardern

By REY O. ARCILLA | November 21,2017
‘As the top officials of their governments, the two ought to be well-versed in good manners and right conduct.’

Opinion of the Day

Who is in a (Christmas) rush?

By ABIGAIL VALTE | November 21, 2017
‘It seems we’ll be seeing an impeachment trial at the Senate come January.’