Jollibee, Burger King ordered to regularize 7,000 employees

The Department of Labor and Employment (DOLE) said today that it ordered Jollibee to regularize some 6,000 workers as it cracked down on labor contractualization. The 6,482 workers were deployed by two employment agencies. The DOLE said it also ordered Burger King to regularize 704 workers from three different employment agencies. Jollibee holds the master franchise ...

Business

Manny Pacquiao investing in Singaporean cryptocurrency startup

Manny Pacquiao investing in Singaporean cryptocurrency startup

Even boxer Manny Pacquiao is getting in on the cryptocurrency hype. According to Entrepreneur Philippines, Global Crypto Offering Exchange (GCOX) based in Singapore announced on...

Philippines best country to invest in: report

Philippines best country to invest in: report

Despite all the political noise and drama that has defined the past two years of the Duterte administration, American magazine U.S. News and World Report said in a report...

Filipino tycoon Henry Sy is richest man in Southeast Asia: Forbes

Filipino tycoon Henry Sy is richest man in Southeast Asia: Forbes

Filipino tycoon Henry Sy is now the richest man in Southeast Asia. According to the Forbes billionaires list released earlier today, the 93-year-old mall magnate is now the...

Budget carrier Cebu Pacific offers PHP1 promo seats today and tomorrow

Budget carrier Cebu Pacific offers PHP1 promo seats today and tomorrow

Local Philippine budget carrier Cebu Pacific opens its seat sale for 2018 today and tomorrow. All local and international destination are being offered for PHP1 (US$.02) excluding...

Only 2 Philippine families on Asia’s richest list

Only 2 Philippine families on Asia’s richest list

This year’s Asia’s richest families list published in Forbes magazine includes just two families from the Philippines: the Sy and Ayala clans. The Sy family made a...

Jollibee shuts down its ’12 Sabu’ hotpot restaurant brand in Shanghai

Jollibee shuts down its ’12 Sabu’ hotpot restaurant brand in Shanghai

Shanghai Hotpot restaurant chain “12 Sabu,” owned by Philippine fast-food giant Jollibee, will close down by the end of the year. This was revealed by Jollibee Foods...

Gov’t officials alarmed over 90% drop in foreign investments

Gov’t officials alarmed over 90% drop in foreign investments

Foreign investment in the Philippines is down, and it is down by a lot. The Bangko Sentral ng Pilipinas (Philippine Central Bank) noted last week that foreign investment in the...

Tycoon and philanthropist Washington Sycip passes away at 96

Tycoon and philanthropist Washington Sycip passes away at 96

Washington Sycip, one of the Philippines’ most enduring tycoons and philanthropists, passed away at the age of 96, the company he founded confirmed Sunday. “With deep...


 

Coconuts Manila Business

What are the richest of the rich doing nowadays to make themselves even richer? Which companies are genuine about their desire to help poor communities and which ones are getting into “social entrepreneurship” for bigger profit? Which “networking” opportunities are shady and which ones will actually make you earn (are there any?)? Coconuts Manila writes about business our signature easy-to-digest style. We like keeping things simple but relevant. We wont try to impress you with numbers and statistics, but if the stock market is crashing, we’ll make sure to let you know!