Category: Business and economy

5 things I learned in Day 3 of probe into world’s largest bank heist

Solaire has defied the popular claim that casinos are the “blackhole” in anti-money laundering efforts. Junket agents play major role in cleaning or washing illegal funds via casinos. Chinese businessman Kim Wong seems to be the common thread among the different groups involved in the heist.
What you need to know about the CALAx project drama

Round One’s winning bid was P11.66 billion. Round Two’s is P27.3 billion. The difference is stark: P15.6 billion. Yet, the company that triggered a rebid, San Miguel, lost.
Money or integrity? The Cavite-Laguna road project case study

The controversial CALAx road project is a damn-if-you-do-damn-if-you-don’t issue. It’s a toss up, really, between money and integrity. The president chose money.
Interesting insights on China’s rich

The number of rich Chinese is expected to increase to 1.2 million, and the super rich to 73,000. About 50% own and/or manage their own business. Majority live in Beijing.
Sochi and why hosting the Olympics is not worth it

‘Hosting the Olympic Games is taking on one of the most financially risky mega projects that many cities and nations have learned to their peril.’
Stop counting Facebook ‘likes,’ learn from Coca-Cola’s ‘nickname bottle’

Coca-Cola has broken the secret code! The winning social media formula is the Narcissus strategy: Validate. Encourage. Reflect people’s specialness.
Sinking ferries: The difference between Philippines and Korea

Differences in the two separate ferry incidents happening 6 years apart and causing the senseless drowning of passengers include these: an effort to apologise, punishing the accountable ones, moving on
Questions and an answer on San Miguel’s LRT-1 move

The biggest business group in the Philippines snubbed the bidding for the biggest infrastructure project of the government. Why is this raising eyebrows?
‘Dark site’ and Malaysia Airlines crisis

Public relations industry members and crisis managers are one in lauding the legacy carrier for its by-the-book moves, opting to tune out the criticisms, which are chanted in mainstream and new media day in and day out.