Business

Uber drivers to migrate to Grab’s platform in 2 weeks

MANILA -- Drivers of ridesharing firm Uber in the Philippines and Southeast Asia must migrate to the platform of Grab after the Singapore-based company acquired its California-based corporate rival’s operations in the...

Amended procurement law to speed up gov’t spending: Diokno

MANILA -- Budget and Management Secretary Benjamin Diokno expects further improvement of government agencies’ absorptive capacity and its impact on expenditures given the amendments in the government’s procurement law. In 2017, government...

PCC not yet notified on Grab’s acquisition of Uber

MANILA -- The Philippine Competition Commission (PCC) has not yet received any notice of transaction from transport network vehicle services (TNVS) companies Grab and Uber on the former’s acquisition of the...

Manila makes JLL’s top 20 cities in Asia Pacific

MANILA -- The country’s capital is included in the top 20 cities in Asia Pacific in the Short-Term City Momentum Index (CMI) of 2018 of JLL, a global professional services firm...

Gov’t is Clark’s first mover

PUTRAJAYA, Malaysia -- The Oxford Business Group (OBG) has dubbed the New Clark City in Central Luzon as an ambitious land development of the Philippine government -- converting a 9,450-hectare empty land...

PSEi, peso weaken on possible US-China trade war

MANILA -- Concerns over the possible trade war between the United States and China weakened both the Philippine Stock Exchange index (PSEi) and the local currency Friday. After its recovery on Thursday, the...
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