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 jump up the list this year, moving ninth place from last year’s 12th place finish. Their net worth nearly doubled from US$12 billion last year, to US$20.1 billion this year. The ...

Business

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...

Chinese billionaire Jack Ma invests in PH

Chinese billionaire Jack Ma invests in PH

Chinese billionaire Jack Ma will be investing in the Philippines through his Alibaba Group’s affiliate, financial service provider Ant Financial Services Group. Mobile...

SM opens 7th mall in China

SM opens 7th mall in China

Another SM mall rises.

Jollibee to sell 55% stake in Chinese noodle restaurant chain

Jollibee to sell 55% stake in Chinese noodle restaurant chain

Jollibee wants to go big.

DOLE lifts work stoppage order on Bulacan fireworks factories

DOLE lifts work stoppage order on Bulacan fireworks factories

Let's hope no more mishaps occur.

Tycoon’s group to convert Rizal Memorial Sports Complex into commercial center

Because how many more shopping malls does Metro Manila need?


 

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!