Business & Economy

Fujifilm’s new facility starts operations

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CANLUBANG, Laguna—Fujifilm Corp. on Tuesday began full-scale operations at its P990 million (2.3 billion Yen) facility here, which is expected to address the growing demand for optical lenses worldwide.

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Microfinance loans, savings breach P8-Billion mark

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The total value of microfinance loans and savings have breached the P8-billion mark as more lending institutions see the importance of addressing the needs of the country’s micro, small and medium enterprises (MSMEs).

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Philippines finds Okada may have violated laws over land

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Philippine investigators found evidence that Japanese billionaire Kazuo Okada used companies that aren’t qualified to develop a casino in Manila.

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Max’s Restaurant expands further abroad

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Max’s, the country’s successful fried chicken-based casual dining restaurant, is spreading its wings further in foreign shores with nine new stores in New York, Canada and the Middle East countries.

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DA working on 3 PPP projects

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MANILA -- The Department of Agriculture, through its Public-Private Partnership Unit (DA-PPP), is currently working on three major projects aimed at supporting the country’s agriculture and fisheries sector.

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Toyota bares auto parts localization program for 40% local content

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Toyota Motor Philippines Corp.  (TMP) yesterday announced a parts localization program that would double  its local content for its best selling model Vios to 40 percent in 2014 with over 300 locally-sourced parts and substantially improve the capacity utilization of its highly underutilized press plant.

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New investments in Subic expand by 1,215%

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SUBIC BAY FREEPORT -- The Subic Bay Metropolitan Authority (SBMA) has reported a hefty increase of 1,215 percent in the amount of committed investments that came into this free port for the first half of the current year.

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Jones Lang LaSalle launches RP Global Outsourcing Center

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Singapore – Jones Lang LaSalle announced the opening of a new shared services center in the Philippine capital of Manila, supporting the delivery of helpdesk functions and vendor management services for the firm’s clients across the world.

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Local food exporters urged to take advantage of growing Jewish food market

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MANILA -– Filipino food exporters are encouraged to enter the kosher or Jewish food businesses to further increase their revenues because of the growing kosher market.

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Philippine-Malaysia trade prospers under AFTA

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The Philippines and Malaysia are enjoying the benefits of trade with lower tariffs through the Association of Southeast Asian Nations or ASEAN Free Trade Agreement (AFTA) of which both are signatories.

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