Business

Pacific Sunwear files for Chapter 11 bankruptcy

Reuters – Kendall and Kylie Jenner apparently not enough to save Pacific Sunwear. The struggling teen apparel retailer, which sells the sisters’ clothing line, filing for Chapter 11 bankruptcy protection. Pacific Sunwear has been facing mounting losses and intense competition in the industry. Teen retailers have been losing ground to fast fashion retailers as well as online rivals. The company will convert to a private company, controlled by creditors and investors including private equity firm […]

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US teen latest victim in exploding Takata airbag deaths

  WASHINGTON, United States (AFP) — Honda has confirmed another death involving a Takata airbag, bringing the global total to 11 fatalities in a scandal that has set off the biggest auto recall in US history. The latest death came last week when a 17-year-old Texas teenager died from injuries sustained after her 2002 Honda Civic collided with another car, activating the defective airbag. Honda’s US unit on Wednesday confirmed the death, which is the 10th […]

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Panama scandal claims scalp of Austrian bank chief

VIENNA, Austria (AFP) — The head of a Austrian regional bank became on Thursday the latest casualty of the Panama Papers scandal, announcing his resignation but denying any wrongdoing. “At the end of the day what made the difference in taking this step was the prejudgement through the media of Hypo Vorarlberg and of myself in recent days,” Michael Grahammer, 51, said. “I remain 100-percent convinced the bank at no time contravened laws or sanctions,” he […]

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Power bills up by 22 centavos per KWH due to general charge hike, updated fit

MERALCO has announced that power bills will increase by 22 centavos per kilowatt-hour this month — the price adjustment was due to the hike in the generation charge and the updated feed-in-tariff allowance. This means, a typical household consuming 200 KWH will have an increase of PHP 44 in their power bills. Meralco noted the new overall power rate amounts to PHP 8.86 per KWH. Meralco noted Luzon’s power demand from February to March went up by […]

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Asia stocks at three-week lows as China worries grow; oil up

HONG KONG | BY SAIKAT CHATTERJEE (Reuters) — Asian stocks held near three-week lows on Wednesday as concerns about the underlying strength of the Chinese economy dogged investors while oil prices jumped by nearly two percent on growing hopes a global output freeze may materalize soon. MSCI’s broadest index of Asia-Pacific shares outside Japan was barely in positive territory after falling to its lowest level since March. 16. Overnight, it dropped 1.6 percent, its biggest […]

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‘Panama Papers’ revelations trigger global probes

  by David Williams PARIS, France (AFP) —  Several countries launched tax evasion probes Monday after a massive leak of confidential documents lifted the lid on the murky offshore financial dealings of a slew of politicians and celebrities. The scandal erupted on Sunday when media groups began revealing the results of a year-long investigation into a trove of 11.5 million documents from the Panamanian law firm Mossack Fonseca, which specialises in creating offshore shell companies. […]

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Panama alarmed as leak threatens vital finance sector

  By Juan José Rodríguez PANAMA City, Panama (AFP) —  Alarm spread through Panama on Monday as concerns rose that a massive data leak from one of its legal firms could threaten its vital financial services sector that relies on offshore business. President Juan Carlos Varela vowed that “what we are going to do is defend the image of our country,” while worried representatives from the financial and associated legal sector held an emergency meeting […]

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Filipinos should believe in themselves and in their own country, says int’l wealth coach and branding expert

  By Caesar Vallejos Eagle News online correspondent (Eagle News) — Internationally recognized wealth coach JT Foxx is in Manila to share breakthrough marketing and branding concepts to Philippine businesses. In a talk at the Crowne Plaza Hotel, Foxx analyzed and shared the marketing campaigns of the world’s greatest brands including Google, Apple, Amazon, Starbucks and Coca-Cola to a number of businessmen and entrepreneurs. “There are so many small businesses in the Philippines and the […]

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#businessbytes: Globe launches Asia’s first Disney smartphone; holds One Digital Nation event

By Robert Capistrano     Eagle News (Manila, Philippines) — Globe Telecom recently held its One Digital Nation event at the Marriot Hotel Manila introducing its partnership with the Walt Disney Company Southeast Asia and formally launching Asia’s first Disney smartphone. With the Disney Fan in mind and themed around the latest and most popular Disney franchises, these smartphones embody the Disney lifestyle with its lively colors and trendy themed accessories. Classic themes like Mickey […]

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LPG and auto LPG price adjustments start

MANILA, Philippines — The Petron company implemented its price adjustment liquefied petroleum gas and auto liquefied petroleum gas this morning, April 1. According to the Petron, the latest price adjustments reflected the movements in the international contract prices of LPG. (Eagle News Service) https://youtu.be/xr8tojA8LZI

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Filipinos in favor of doing business with China

MANILA, Philippines — In the latest survey conducted by the Social Weather Station, 40% of Filipinos agree that the Philippines should continue doing business with China despite the ongoing territorial dispute. (Eagle News Service Described by Jay Paul Carlos, Video Editing by Jericho Morales, Uploaded by MRFaith Bonalos) https://youtu.be/RreoH16czMA

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