Mitsubishi PH plans 17 pct output hike next year

MANILA - The Philippine unit of Japan's Mitsubishi Motors Corp 7211.T said on Tuesday it plans to increase local production by 17 percent next year on expectations of strong demand during an election season.

Engineer suggests computer hacking to prove or disprove SUA

MANILA - An engineering professor from the University of the Philippines suggested doing an experiment on vehicles to determine if indeed sudden unintended acceleration (SUA) can happen. 

IMF gives China's currency prized reserve asset status

The International Monetary Fund admitted China's yuan into its benchmark currency basket on Monday, in a victory for Beijing's campaign for recognition as a global economic power.

Lucio Co's Cosco nets P3-B in Jan-Sept

MANILA - Cosco Capital Inc. of businessman Lucio Co posted an 18 percent increase in its nine-month profit this year.

'Santa rally' seen for PH shares

Rafael Supangco, head of research at Angping & Associates Securities, shares his outlook for the Philippine Stock Exchange in December.

Understanding the workings of GOCCs

Government-owned and controlled corporations (GOCC) are required by law to remit at least 50 percent of their income as dividends to the national government.

Philip Morris to expand brand portfolio in PH

MANILA - Philip Morris Fortune Tobacco Corp. (PMFTC) Inc. plans to grow its portfolio in the Philippines.

Mitsubishi denies Montero Sport 'defective,' 'unsafe'

MANILA - Mitsubishi Motors Philippines Corp. denied on Tuesday that the Montero Sport is "defective" and "unsafe" amid complaints of several owners of sudden unintended acceleration.

Andrew Tan's Emperador buys Fundador

MANILA - Emperador Inc., through its company Grupo Emperador Spain S.A., has acquired Fundador Brandy and three other brands from Beam Suntory in an "all cash" deal.

600 kilo ng kontaminadong karne, nasabat sa Novaliches

Aabot sa 600 kilo ng kontaminadong karne ang nasabat ng mga awtoridad sa anim na magkakadikit na palengke sa Novaliches.