DND concerned about AFP deal with China-backed telco
The Department of National Defense (DND) on Monday, September 16, said it has a concern over the agreement between the Armed Forces of the Philippines (AFP) and Chinese-linked telco firm…
Category: Business
Covering the week’s most noteworthy business news impacting the Filipino-American and Global Filipino community.
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House OKs bill allowing more foreigners to practice profession in PH
THE House of Representatives gave its nod to a bill allowing more foreigners to practice their profession in the country and lowering the direct local hires required of foreign investors….
In conversation: Philippine Trade Commissioner Eric Elnar on why Fil-Ams should invest in the Philippines
IN recent years, studies have shown that the Philippines continues to be an emerging market for economic growth. It is also considered as one of the most dynamic economies in…
DOT, Jollibee launch tourism campaign
The Department of Tourism (DOT), in partnership with Filipino fast food chain Jollibee, launched the “Eats More Fun in the Philippines” campaign over the weekend in a bid to take…
8 Philippine companies among Forbes’ ‘Best Over a Billion’
Eight Philippine companies secured spots on Forbes Asia magazine’s inaugural “Best Over a Billion (BOB)” list, which highlights the 200 top-performing listed companies across the Asia-Pacific region with revenues of…
Las Vegas AAPI business owners share strides under Trump admin
DESPITE reports of an impending recession going into 2020, several Asian American and Pacific Islanders in Las Vegas argue that their businesses have been strong since President Donald Trump took…
Filipino workers appeal ATM fee hike
Partido Manggagawa chair Rene Magtubo on Tuesday, August 13, said workers are appealing to the Bangko Sentral ng Pilipinas (BSP) to suspend the impending increase in fees for transactions conducted…
What to know about the Equifax data breach settlement
IN September 2017, Equifax revealed that approximately 147 million people had their personal data stolen by hackers who got through the consumer credit reporting company’s servers. Last week, the Federal…
Second annual International Travel, Trade and Consumer Expo lands in Carson on August 3-4
The weekend filled with exhibitors, activities, entertainment and speakers promoting the booming travel and trade opportunities between the United States and the Philippines is here! On Saturday and Sunday, August…
Jollibee stock prices drop after LA-based Coffee Bean acquisition
STOCK prices for Philippine food giant Jollibee Foods Corp. (JFC) dropped 8 percent this week, following the announcement that it will acquire the Coffee Bean & Tea Leaf for $350…
SouthBay Pavilion Mall in Carson gears up for second annual International Travel, Trade, and Consumer Expo
All roads will lead to the SouthBay Pavillion on Saturday and Sunday, Aug. 3-4 in Carson, California as industry players from both the U.S. and the Philippines are poised to…
Long Beach Bacolod Association announces small business awardee for Masskara Festival
THE Long Beach Bacolod Association will present the Small Business Award to Romeo Garcia during its MassKara Festival on Sunday, August 4 at Recreation Park. Entrance is FREE and attendees…
SWS: Fewer Filipinos expect economy, quality of life to improve
A Social Weather Stations survey released Thursday, July 25 said fewer Filipinos expect their lives and the Philippine economy to improve in the next 12 months. According to the survey,…
This Filipino chocolatier wants the Philippines to be known globally as a great source of chocolates
IT was a sweet victory for five Philippine chocolate brands at the 2019 Academy of Chocolate Awards in London last June when they garnered a total of 24 awards across…
Jollibee invests $100 million to acquire Coffee Bean and Tea Leaf
Philippine fast food giant Jollibee Foods Corp. (JFC) on Wednesday, July 24, disclosed that it will be acquiring United States-based The Coffee Bean & Tea Leaf (CBTL) through a $100…
All roads lead to SouthBay Pavillion on August 3-4 for trade expo
CITY of Carson, CA. – All roads will lead to the SouthBay Pavillion on Aug. 3-4 in this suburban city south of Los Angeles as industry players from both the…
From skin-colored ternos to Philippine-inspired scents: Pulo Project rolls out second wave of art and design installations in LA
FILIPINO exhibition series Pulo Project is back until August with a new set of art, design and fashion from Filipino and Filipino American creatives. Born as a “passion project” by…
Think tank: Philippines to lose the most in possible US outsourcing ban
The Philippines would be the ‘biggest loser’ in Asia if United States President Donald Trump follows through with his threat to punish American firms that outsource jobs, an independent economic…
PNB inaugurates new office of PNB Remittance Centers, Inc. in Glendale, CA
PHILIPPINE National Bank (PSE: PNB) formally opened the doors of PNB Remittance Centers, Inc. (PNB RCI) corporate office on May 30 in its new home at 225 West Broadway, Suite 301,…
Why some CEOs figure ‘Medicare for All’ is good for business
by Phil Galewitz EASTON, Pa. — Walk into a big-box retailer such as Walmart or Michaels and you’re likely to see MCS Industries’ picture frames, decorative mirrors or kitschy wall…
26 deals signed during Duterte’s 2019 Japan trip
President Rodrigo Duterte’s trip to Japan is proving to be productive as 26 agreements that could bring in P289-billion worth of investments were signed this week. The deals were read…
Travel, Trade and Consumer Roadshow Expo in Carson on August 3 and 4 features Fil-Am business and talent
THE City of Carson will be a bustling hub of activity when the Travel, Trade and Consumer (TTC) show comes to town on August 3 and 4. This exciting weekend…
President Duterte asks Japan businessmen to invest in tourism
TOKYO, JAPAN – In a parallel event to the 14th Philippine Business Mission (PBM) for tourism held in Japan, President Rodrigo Duterte met with leaders of the Japanese travel industry…
8th Philippine SME Business Expo and Conference successfully held last May 02-03, 2019
MANILA – Thousands of small and medium enterprise business owners and aspiring entrepreneurs gathered at the country’s largest business-2-business expo, conference, and networking event dedicated to empower the Small and…
Six PH companies among Forbes Global 2000
SIX Philippine companies are included on the 2019 Forbes Global 2000 list, comprising of the world’s biggest, most powerful and most valuable companies. The Filipino companies considered among the largest…
Philippine National Bank opens its new Los Angeles office
THE right place at the right time bodes good things for the right endeavor. PNB puts itself right smack dab in the heart of the Filipino American community. This is…
Best of both worlds: Single Fil-Am moms on managing family and business
IT is often said that running your own business is like raising another child. Entrepreneurship is already a massive undertaking, and for some mothers, there’s an extra layer of being…
Amway Announces Launch Of Nutrilite™ B Vitamin For Busy Adults
Not getting enough B vitamins in your diet can cause fatigue; the last thing someone with a busy lifestyle wants. Fatigue may be caused by so many factors out of…
Sustained economic growth, financial reforms cited for PH’s credit upgrade
The Philippines’ recent credit rating upgrade from Standard and Poor’s (S&P) is due to the economic reforms under the Duterte administration, Malacañang asserted on Thursday, May 2. S&P upgraded the…
Philippines to become upper middle income country this 2019
Finance Secretary Carlos Dominguez III on Thursday, April 11, said the Philippines is set to become an ‘upper-middle-income’ economy this year with the assistance of the World Bank (WB). According…