People are seen drinking coffee at the top of the Mori Tower in Roppongi, Tokyo, Japan. Despite a steady increase in coffee consumption around the world, trade prices have fallen dramatically in the past three years, hitting producers. MATTHEW CHILDS, REUTERS

Coffee conundrum: Consumption up, but trade prices low

LONDON – Despite a steady increase in coffee consumption around the world, trade prices have fallen dramatically in the past three years, hitting producers.  At the same...
Michael Bloomberg, the billionaire media mogul and former New York City mayor, eats lunch with Little Rock mayor Frank Scott, Jr. after adding his name to the Democratic primary ballot in Little Rock, Arkansas, United States, Nov. 12.

Bloomberg calls for Trump defeat, takes new step towards 2020 race

WASHINGTON – Billionaire businessman Michael Bloomberg called Tuesday for President Donald Trump’s defeat in 2020 as he took a new formal step towards joining the Democratic presidential...
Anti-Money Laundering Council executive director Mel Georgie Racela. PNA

PH authorities freeze over P1-B assets

MANILA – Philippine authorities have frozen more than P1 billion worth of assets from Jan. 18 until July 2019, and P52 million of these are terrorism...
Trade secretary Ramon Lopez. PCOO

PITC plans to import rice for fast food chains, small supermarkets

TRADE secretary Ramon Lopez on Wednesday said plans are afoot for the Philippine International Trading Corporation (PITC) to import rice for fast food chains and small...
The Philippine stock exchange ended the week last week near the 8,000 level, but on Wednesday, it briefly touched the 8,200 point region – a major psychological region. According to local stock broker and technical analyst, last week’s volatility was caused by the Morgan Stanley Composite Index when it downgraded its outlook for two major Philippine companies, Ayala Global and DMCI. REUTERS

Stocks, peso remain firm

MANILA – The Philippine Stock Exchange index (PSEi) barely rose Tuesday along with the local currency as investors stayed on the sidelines vis-à-vis latest developments overseas. The...

Growth in core businesses boosts Megaworld’s 9-month profits anew

MEGAWORLD, the country’s largest developer of integrated urban townships and the biggest landlord of office spaces, registered a net income of P13.7 billion during the first nine months...
From left: Carrier Commercial Refrigeration Thailand Ltd.’s Business Development senior manager Mr. Jittapat Supnuangnong, CEO Continental Sales Inc. Philippines chairman Mr. George U. Lim, Southeast Asia managing director Vichan Asatthaprut, Project Sales Commercial Refrigeration manager Pan Hewen.

Powerful combination for enormous strength: Haier, Carrier, CSI

CARRIER is a leading global provider of innovative HVAC, refrigeration, fire, security and building automation technologies. Supported by the iconic Carrier name, the company’s portfolio includes...
Governor Samuel Gumarin and commander of the Philippine Coast Western Visayas District Commodore Allan Victor Dela Vega sign the Deed of Usufruct on Nov. 11 at the Governor’s Conference Room, PEO Building, San Miguel, Jordan, Guimaras.

Guimaras soon to house K9 breeding, training facility

THE Province of Guimaras is set to become the home for the K-9 Training, Hospital and Breeding Center. Governor Samuel Gumarin and Commodore Allan Victor Dela Vega, commander...
Philippines is seeking more access for its agricultural products to the United States as American firms eye the establishment of biofuel facilities in the country. JUNBELEN.COM

PH eyes more exports to US

WASHINGTON – The Philippines is seeking more access for its agricultural products to the United States (US) as American firms eye the establishment of biofuel facilities...
President of the United States (US) Donald Trump delivers remarks at a Veterans Day Parade and Wreath Laying ceremony in Manhattan, New York City, US, Nov. 11. ANDREW KELLY/REUTERS

Asia shares turn sluggish ahead of Trump speech

SYDNEY – Asian share markets got off to a sluggish start on Tuesday amid uncertainty over both the Chinese and United States’ (US) trade talks and...