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133 workers to be displaced.
Nissan is closing its production facility in Laguna, which effectively ends its assembly operations in the Philippines, the Department of Trade and Industry announced on Thursday, January 21. The DTI said Nissan informed the agency that it will cease aseemblig its Almera model ...
 
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The energy company is also doubling down on cleaner energy sources.
Shell is looking to diversify its portfolio of businesses in the country and is specifically looking toward cleaner energy sources to meet the growing needs in the country. “You can expect bigger things from Shell Energy Philippines Inc. as its focuses on delivering ...
 
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If you don’t have the right money mindset, you will always go back to your bad habits.
The year 2020 has been the most difficult year financially for many of us. A lot of people lost their jobs due to business slow down and closures. Many have exhausted their savings and used up their credit cards during the trying ...
 
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Might be wise to look into stocks that have underperformed this year.
It has been a challenging year for the Philippine stock market as the PSE Index succumbed to its biggest loss in history, due to the outbreak of coronavirus pandemic.The stock market lost as much as 47 percent last March when the PSE ...
 
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The company allegedly threatened to reveal borrowers’ information on social media.
Lending company Super Cash has been stripped of its license to operate for alleged unfair debt collection practices. According to the Corporate Governance and Finance Department (CGFD) of the Securities and Exchange Commission (SEC), the company threatened borrowers with shaming on social ...
 
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The conglomerate has acquired a controlling stake in MGHI.
Ayala Corp. is expanding its healthcare business with its acquisition of a controlling stake in health and hospital network Mercado General Hospital Inc., or Qualimed, the company announced Tuesday (December 22).The company is acquiring MGHI through Healthway Philippines Inc., a subsdiary of ...
 
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But there’s also a list of what will become in-demand jobs.
A number of jobs have been identified as most at-risk of “disappearing” over the next five years largely because of automation. This year’s edition of The World Economic Forum’s Future of Jobs Report 2020 maps the jobs and skills of the future and ...
 
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A breakdown of all the big headlines in the startup community this year.
“Manila brims with entrepreneurial potential,” the Philippine entry in this year’s Global Startup Ecosystem Report (GSER) by Startup Genome reads. “The capital of the Philippines—reputed to be the world’s densest city—is filled with talent and innovative minds.” The statement pretty much sums up ...
 
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The airport authority has withdrawn Original Proponent Status from Megawide and its foreign partner.
On Tuesday, the Manila International Airport Authority (MIAA) withdrew Megawide Construction Corp. and its foreign partner’s Original Proponent Status (OPS) for the rehabilitation of the Ninoy Aquino International Airport. The news was relayed to Megawide’s representative Manuel Ferrer through a letter signed ...
 
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The CEO doesn’t want his kids growing up entitled.
When international business publication Forbes magazine releases its annual richest Filipinos list, the names are almost always the same. Sy, Villar, Ayala, Tan (Andrew and Lucio), Razon, and Gokongwei are families who all figure prominently in the upper echelons of the very ...
 
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Let's focus on one of the most overlooked stocks in the PSE today.
Integrated property developer D.M. Wenceslao and Associates (PSE:DMW) may be one of the most promising but overlooked stocks in the market today.Since the company went public in 2018, DMW has been consistently underperforming the PSE Index despite positive revenue and earnings growth ...
 
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It’s the second REIT IPO this year.
DoubleDragon Properties Inc has finally filed its registration statement with the Securities and Exchange Commission for the initial public offering (IPO) of its real estate investment trust (REIT) DDMP REIT Inc. The REIT IPO consists of up to 5.94 billion common shares with ...
 
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Resellee lets you buy and sell to your social network with zero capital.
Startups often look to established companies as they work to scale and expand the business. For local social ecommerce platform Resellee, the measure is Chinese giant Pinduoduo. Five years ago, ecommerce in China was dominated by two players—JD.com and Taobao. Both are owned ...
 
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Robertson Sy Tan is the founder of Blade, the largest car accessories store chain in the country.
Robertson Sy Tan had been working for the family business for 20 years when, one day, while reading Robert Kiyosaki’s Rich Dad Poor Dad, he realized that he was the person being described in the book as the “poor dad.”Tan worked very ...
 
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Everybody’s favorite electronics store is a shadow of its former self.
At its peak, CD-R King had about 500 branches scattered all across the archipelago. By comparison, Mang Inasal, one of the most famous fast-food chains in the country currently has around 450 branches. CD-R King was the retail equivalent of the lechon manok, ...
 
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The construction company is raising up to P5 billion through preferred shares.
Infrastructure conglomerate Megawide Construction Corp (PSE:MWIDE) is raising up to P5 billion by selling up to 50 million preferred shares at P100 each to the public.The offering period of the preferred shares shall run from November 10 to 17 with a target ...
 
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Here's your chance to franchise Potato Corner.
If you see the iconic green logo of Potato Corner, then you know you’re about to smell and taste the best potato fries in the country. Potato Corner brings out excitement among its patrons, but what makes this year more exciting for ...
 
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The SEC is warning the public against investment scams during Investor Protection Week.
On November 9 to 13, the country will observe the first-ever Investor Protection Week (IPW). Spearheded by the Securities and Exchange Commission (SEC), IPW is meant to promote investor education amid the rising number of unauthorized investment-taking activities, especially during the COVID-19 ...
 
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It’s “Venture Capital 3.0”
Adapt or die. Itw as Charles Darwin who theorized that the species that best learns how to adapt to their surroundings stand the best chance of surviving.ALSO READ STARTUPSAn In-Depth Look at the State of Startups in the PhilippinesManila Named One of ...
 
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But both networks reported huge spikes in data and broadband revenues.
PLDT reported its net income at P19.7 billion during the first nine months of 2020, an increase of 23 percent compared to P15.996 billion in the same period last year.ALSO READ: TELCOS8 Things You Need to Know About '4th Telco' NOW TelecomThird ...
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