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Richmond Mercurio
Richmond Mercurio
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PCC voids Udenna acquisition of KGLI
by Richmond Mercurio - February 20, 2018 - 12:00am
The Philippine Competition Commission has voided the transaction involving the acquisition of Dennis Uy-led Udenna Corp. of KGL Investment Cooperatief U.A. and penalized both companies for failure to comply with...
DTI to give local assemblers priority over importers
by Richmond Mercurio - February 19, 2018 - 12:00am
The Department of Trade and Industry (DTI) wants to give priority to local assemblers over importers in the government’s public utility vehicles (PUV) modernization program.
Foton looks to raise Philippine market share with new engines
by Richmond Mercurio - February 18, 2018 - 12:00am
Vehicle manufacturer Foton Motor Philippines Inc. looks to further strengthen its presence in the local automotive sector with the introduction of cleaner, more powerful, and fuel-efficient engines adhering to the...
Call center industry showing no signs of slowing down — CCAP
by Richmond Mercurio - February 18, 2018 - 12:00am
The Contact Center Association of the Philippines (CCAP) said the industry is showing no signs of slowing down and will remain a strong contributor to the national economy in the coming years.
Cabuyao pioneers investment promotion campaign with Board of Investments
by Richmond Mercurio - February 18, 2018 - 12:00am
The Board of Investments (BOI) has signed its first memorandum of agreement with a local government unit (LGU) to strengthen collaboration in attracting more investments and in promoting ease of doing business....
Mitsubishi bullish on sales growth
by Richmond Mercurio - February 17, 2018 - 12:00am
Mitsubishi Motors Philippines Corp. sees sustained sales expansion this year, but at a slower pace compared to last year.
Exporters seek more perks for MSMEs
by Richmond Mercurio - February 17, 2018 - 12:00am
Exporters have outlined their wish list in the proposed second tax reform package which seeks to rationalize incentives for companies.
Japan commits to Philippine growth with new Mitsubishi facility
by Richmond Mercurio - February 16, 2018 - 12:00am
The country’s largest stamping plant, courtesy of a P2.8-billion investment from Mitsubishi Motors Philippines Corp., started operations yesterday, reflecting Japan’s continued confidence and interest...
ALI spending record P110.8 billion this year
by Richmond Mercurio - February 16, 2018 - 12:00am
Property giant Ayala Land Inc. has earmarked P110.8 billion for its capital expenditures this year – its largest ever – as the company remains upbeat on the local economy’s prospects and the growing...
Philippine seen as auto manufacturing hub in region within 10 years
by Richmond Mercurio - February 16, 2018 - 12:00am
The Japan International Cooperation Agency sees the Philippines emerging as a regional automotive manufacturing hub capable of exporting vehicles in less than a decade as local production is expected to rise to one...
Last-minute buying buoys share prices
by Richmond Mercurio - February 15, 2018 - 12:00am
The stock market managed to pull off an afternoon rally yesterday as investors engaged on last-minute buying, traders said.
Ayala Land Inc. profits rise 21% in 2017
by Richmond Mercurio - February 15, 2018 - 12:00am
Property giant Ayala Land Inc. (ALI) saw its profit rise by a little over a fifth last year driven by higher revenues and robust operations.
DoubleDragon acquires Iloilo property for 2nd industrial hub development
by Richmond Mercurio - February 15, 2018 - 12:00am
DoubleDragon Properties Corp., the listed property and mall developer of Mang Inasal founder Edgar “Injap” Sia II and Jollibee Foods Corp. chairman Tony Tan Caktiong, has acquired a second site for its...
SM opens new mall in Cavite
by Richmond Mercurio - February 15, 2018 - 12:00am
SM Prime Holdings Inc. is expanding its presence in Cavite with a new mall that will add 13,000 square meters of gross floor area to the company’s eight million-square meter GFA portfolio nationwide.
Electronics sector maps out new blueprint
by Richmond Mercurio - February 14, 2018 - 12:00am
The electronics and semiconductor industry is mapping out a new strategy to bolster the amount of new investments and continue propelling exports to new highs.
Total exports breach target last year as services boom
by Richmond Mercurio - February 14, 2018 - 12:00am
Aggregate Philippine exports surpassed last year’s target and likely grew at least 10 percent as service exports finished with another double-digit expansion, an official of the Department of Trade and Industry...
Vehicle sales off to modest 4% growth in January
by Richmond Mercurio - February 13, 2018 - 12:01am
Vehicle sales posted a modest improvement at the start of 2018, a year in which demand is expected to slow down with the implementation of higher automobile excise taxes.
Special Report: US, Korea investments falter in 2017, as China-Japan rise
by Richmond Mercurio - January 15, 2018 - 12:00am
American and Korean investments in the Philippines plunged in 2017 behind security and other business concerns, while China came roaring back to life due to its renewed friendship with the country, and Japan continued...
Korean businessmen urge more investments in Phl, visa free entry
by Richmond Mercurio - November 19, 2017 - 4:00pm
Korean businessmen in the Philippines are urging their counterparts in South Korea to invest in the country as they are being left behind by those from Japan and China.
Vehicle sales zoom 18% in 4 months
by Richmond Mercurio - May 10, 2017 - 12:00am
Vehicle sales in the country grew almost a fifth in the first four months despite a slowdown in April when there were fewer number of working days due to long holidays.
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