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News and Events

Coca-Cola Is 'In Talks' to Make Marijuana-Infused Drinks

They're the latest beverage company to tap into the surging demand

It seems that, soon enough, Coke really will be "it."The Atlanta-based beverage giant revealed that it's in "serious talks" with Canadian marijuana producer Aurora Cannabis to develop cannabis-infused drinks as sales of traditional products continue to slow. The area of interest is CBDs, the non-psychoactive ingredient in marijuana that helps ...

by Patrick Carone  | September 19, 2018 06:00:00
News and Events

This is How San Miguel Plans to Address PH's Rice Woes

Conglomerate plans to build giant climate-controlled grains terminals in eight locations to store rice

In his televised “tête-à-tête” with Presidential Chief Legal Counsel Salvador Panelo on September 11, President Rodrigo Duterte threatened he will move for the abolition of the National Food Authority (NFA) Council for its failure to prevent the soaring rice prices through timely ...

by Pauline Macaraeg  | September 13, 2018 05:00:00
News and Events

'Superconsortium' of PH Billionaires Moves Closer to Bagging Php102-B NAIA Upgrade Project

DOTr grants original proponent status to alliance of seven conglomerates

Members of the so-called “superconsortium” of the country’s leading business conglomerates revealed they have been granted original proponent status by the government to carry out the Php102-billion project to upgrade and expand the Ninoy Aquino International Airport (NAIA).The grant was made by ...

by Pauline Macaraeg  | September 13, 2018 01:00:00
News and Events

Only 54, Alibaba Founder Jack Ma Announces Retirement in a Year. Here's His Letter Explaining Why

"The world is big, and I am still young, so I want to try new things," says China's second-richest man

China’s second-richest man Jack Ma announced on Monday, September 10, that he is retiring a year from now as chairman of Alibaba, the online store he helped found in a small apartment in the late 1990s. The e-commerce company is now one ...

by Elyssa Christine Lopez  | September 11, 2018 05:00:00
News and Events

Media Mogul Woes: Weak First-Half Record at ABS-CBN, GMA Take Toll on Owners' Fortunes

Forbes' latest Philippines rich list details impact of digital disruption on TV empires

Owning a giant mass media empire remains one of the major paths to vast wealth in the Philippines.This is apparent in Forbes magazine’s 2018 list of 50 richest people in the Philippines, which included major shareholders of the country’s two leading television ...

by Lorenzo Kyle Subido  | September 10, 2018 08:00:00
News and Events

Bucking the Trend, British Supercar Manufacturer McLaren Will Not Build an SUV

Their CEO says doing so will dilute the brand

Lamborghini has one. So does Porsche, Aston Martin and Maserati. Even Ferrari has confirmed they’ll be unveiling an SUV by 2020 the latest.It’s an easy-to-understand business decision, as sport utility vehicles continue to surge in popularity over small and midsize sedans in the US. ...

by Patrick Carone  | September 09, 2018 12:00:00
News and Events

Jollibee Goes Mexican, Buys 47% Stake in US-Based Tortas Frontera

It's the latest acquisition for Tony Tan Caktiong's growing food empire

Homegrown fast-food group Jollibee Foods Corp. (JFC) has announced a $12.4-million deal with US-based Mexican food concept Tortas Frontera LLC, giving the Filipino firm a 47-percent stake in the American restaurant chain. This is the second major food venture of JFC in ...

by Elyssa Christine Lopez  | September 07, 2018 12:00:00
News and Events

Wilcon Founder William Belo, Fashion Designer Josie Natori Lead 6 Newcomers to Forbes' 2018 PH Rich List

This year saw the most number of new entries and exits in the exclusive list since 2013

Business magazine Forbes’ latest list of the Philippines’ 50 richest people features six new names. That’s the highest number of newcomers since 2013, when the list was expanded from 40 tycoons to 50.Leading the six newcomers is William Belo, the founder and ...

by Lorenzo Kyle Subido  | September 06, 2018 12:00:00
News and Events

Manny Villar is No. 2 in Forbes' 2018 PH Rich List After Net Worth Triples to $5-B

The growth in his wealth driven by soaring share price of his Golden Bria Holdings

Real estate tycoon and former senator Manuel Villar is now worth $5 billion (Php267.3 billion), according to the newest Philippine rich list published by business magazine Forbes.That’s more than triple his $1.6 billion net worth last year and makes him the second ...

by Lorenzo Kyle Subido  | September 06, 2018 06:00:00
News and Events

Globe Bundles Amazon Prime Video With Subscription Plans to Sustain Digital Growth

Video streaming service available free for six months to new customers

Globe Telecom has bundled Amazon Prime Video (APV), the internet giant’s video streaming service, with the telco’s subscription plans as part of its efforts to boost revenues from data and other digital business segments.On August 30, Globe Telecom announced its partnership with ...

by Paul John Caña  | September 04, 2018 04:00:00
News and Events

How Much Will Megawide Corp Earn From PH's First Modern Bus Terminal?

The company behind the country's only resort airport is about to complete the PITX

Megawide Construction Corp. expects additional revenues of Php717.2 million next year from another of its major public-private partnership (PPP) projects--the Parañaque Integrated Transport Exchange (PITx), which is expected to be inaugurated soon.Megawide is a major investor in the country’s first “resort” airport—the ...

by Pauline Macaraeg  | September 03, 2018 07:00:00
News and Events

Why Are Some Dunkin' Donuts Removing 'Donuts' From Their Name?

What does this rebrand mean for the doughnut franchise?

In 1948, William Rosenberg founded a restaurant in Quincy, Mass., called “Open Kettle,” selling doughnuts for 5 cents each and cups of coffee for 10. Two years later, Rosenberg renamed the business “Dunkin’ Donuts.”Since then, Dunkin’ Donuts has grown to have 12,000 ...

by Matthew McCreary  | September 02, 2018 02:00:00
News and Events

How Much Were Top Executives of Globe and PLDT Paid in 2017?

Are high bonuses related to companies' rising earnings?

The highest-paid executives of the two leading telecommunications firms in the country, PLDT Inc. and Globe Telecom, earned tens of millions in 2017.Both companies listed five executives they consider as the highest-paid, which include each firm’s CEOs, presidents and other key officials. ...

by Pauline Macaraeg  | August 30, 2018 11:00:00
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