Business NEWS

Boeing reported record commercial plane deliveries for the second straight year on Tuesday and although short of the company's forecast the figures still beat those of Boeing's European rival Airbus.

Oil prices rose more than 1 percent on Wednesday, extending gains from the previous session on signs that Washington and Beijing may soon resolve a trade dispute that has cast a pall over the global economy.

Shares of Apple nudged higher on Tuesday after Chief Executive Tim Cook touted the company's technology pipeline and characterized worries about the company's future as overwrought.

The local stock market continued to rally, rising five of the year’s first 6 trading days, riding on optimism that the US-China trade row will be resolved soon.

Travel operators yesterday strongly pushed for the waiver of visa for Chinese and Indian tourists as they forecast a 20 percent rebound in tourist arrivals this year after the industry failed to hit its 2018 growth target.

The Department of Budget and Management (DBM) expects infrastructure spending managed to maintain its robust growth pace last year in line with the Duterte administration’s plan to bring its spending ratio to seven percent by 2022.

Jim Yong Kim, who abruptly resigned as president of the World Bank on Monday, is joining investment firm Global Infrastructure Partners next month.

The central bank’s auction of term deposit facility (TDF) was still oversubscribed for the second week of January while yields were mixed.

AC Energy of the Ayala group will be acquiring the majority shareholdings of 51.48-percent of the Del Rosario-led PHINMA in its energy subsidiary PHINMA Energy Corporation.

Global air freight demand, measured in freight tonne kilometers (FTKs), flattened out at 0% in November, 2018, the slowest rate of growth recorded since March, 2016, following 31 consecutive months of year-on-year increases, according to the latest data from the International Air Transport Association (IATA).

Aboitiz InfraCapital, Inc. (AIC), the Aboitiz infrastructure unit, expects its regional airport projects to take off by the end of 2019.

The Philippines' transport regulator has rejected an application from Indonesia's Go-Jek to launch a ride-hailing service in the country due to foreign ownership issues, a government official said on Wednesday.

ICTSI Middle East DMCC, a wholly-owned subsidiary of International Container Terminal Services, Inc., is borrowing up to EUR260 million after bagging the contract to develop and operate a container terminal in Sudan.

We have just begun another year, and as we always do, we begin with wishes for happiness, prosperity, and peace, always hoping that the coming year will be better than the year that had just passed.

Trade conflict between the world's two largest economic powers already is inflicting collateral damage and threatens to do yet more harm to the global economy, the World Bank warned Tuesday.

It's been more than a week into 2019 and the Department of Agriculture (DA) is now poised to spend 20 percent of its budget under its Quick Response Fund (QRF), which gets replenished with P1 billion every year.

The Philippine government tapped the international debt markets yesterday, the first Asian nation to borrow overseas, to help support the Duterte administration’s spending program for the year.

The 2019 expansion plans of flag carrier Philippine Airlines (PAL) have taken off. In the next few months, the country’s first and only 4-star global airline must have already launched its new Asian routes, increased its flights across the United States, Australia, and Asia, and received its new set of aircraft.