Business

Local pharma sector to become a P200-B industry by 2022: BMI Research

MANILA -- The Philippine pharmaceutical sector is expected to grow into a PHP198.9-billion industry by the year 2022 from its current value of PHP162.3 billion, a unit of Fitch Group forecasted. BMI Research...

Trip cancellations due to suspension of P2-per-minute charge: Grab

MANILA -- Ridesharing firm Grab Philippines said the increase in the number of cancelled trips by its drivers was brought about by the suspension of the Land Transportation Franchising and Regulatory Board...

Grab suspends, bans drivers over cancelled trips

MANILA -- Ridesharing firm Grab Philippines has sanctioned some 500 drivers following its investigation of complaints of drivers cancelling booked trips of its passengers. Grab assured that it will continue to intensify its...

Aboitiz Equity sets P77-B capex for 2018; eyes ASEAN expansion

MANILA -- Conglomerate Aboitiz Equity Ventures Inc. (AEV) is more than doubling its capital expenditure (capex) budget to PHP77 billion this year, mainly to bankroll key power projects here as it looks...

Group seeks subsidy for garment producers

MANILA -- A group has urged the government to offer subsidies for manufacturers in the garments sector in order to revive the local industry. Foreign Buyers Association of the Philippines (FOBAP) President Robert...

AIM bags 2018 Innovation Olympics championship

SAN RAFAEL, Bulacan-–The 2018 Innovation Olympics of East-West Seed Inc. has produced some technologies suitable for vegetable farmers. Three entries made it to the Innovation Olympics that was concluded Friday at the...
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