MANILA, June 14 (PNA) — The Philippines and European Free Trade Association (EFTA) will sign Joint Declaration on Cooperation (JDC) on June 23 during the EFTA Ministerial Meeting in Iceland, Department of…
Category: Business & Economy
Developing the Philippine National Trade Repository to help reduce cost of business
MANILA, June 14 (PNA) — The Department of Trade and Industry (DTI), as chair of the Committee for ASEAN Economic Community (CAEC), is currently holding a series of roundtable discussions on the…
DTI opens ‘One Town, One Product’ store in CDO’s shopping mall
By Ercel Maandig CAGAYAN DE ORO CITY, June 14 (PNA) — The Department of Trade and Industry (DTI) in Misamis Oriental will open the “One Town One Product (OTOP)” store in SM…
Resorts World operator sets P9-B capex to fund expansion projects
By Leslie D. Venzon MANILA, June 13 (PNA) — Travellers International Hotel Group Inc., the developer and operator of Resorts World Manila, has earmarked up to P9 billion for capital expenditures this…
DOF economist eyes fluctuation of interest rates until Fed tapering ends
MANILA, June 13 (PNA) — Finance Undersecretary Gil Beltran expects domestic interest rates to remain in a seesaw situation until the Federal Reserve’s stimulus program is eventually pulled out. ”I’m sure it…
PAL gives away 116 free airline tickets on PHL’s 116th Independence Day
MANILA, June 12 (PNA) — One hundred sixteen tickets are going to be given away by the Philippine Airlines (PAL) for free as the country celebrates its 116th Independence Day on Thursday….
Japanese debt watcher affirms investment grade rating on PHL
By Joann Santiago MANILA, June 12 (PNA) — Japan Credit Rating Agency Ltd. (JCR) has affirmed its investment grade rating on the Philippines at BBB with stable outlook as it sees above…
PLDT declares P2.44-M cash dividend
By Azer N. Parrocha MANILA, June 11 (PNA) — The Philippine Long Distance Telephone Company (PLDT) on Wednesday declared a cash dividend of P2.44 million on all outstanding preferred stock. The announcement…
Hyundai sales in PHL market jumps 23% in May
MANILA, June 11 (PNA) — Sales of Hyundai vehicles in the local market in May of this year has increased by 23 percent to 2,094 units from last year’s 1,708 units. Hyundai…
NTC asking P14M fund to buy monitoring equipment to monitor internet speed of telcos
By Sammy F. Martin MANILA, June 11 (PNA) — The National Telecommunications Commission (NTC) is asking Congress to give them P14 million budget to buy monitoring equipment to cope up with the…
Manufacturing output accelerates to 13% in April — PSA
By Kris M. Crismundo MANILA, June 11 (PNA) — Output of the domestic manufacturing industry accelerated by 12.8 percent in April of this year,the Monthly Integrated Survey of Selected Industries (MISSI) of…
World Bank lowers projection for 2014 global economic outlook
WASHINGTON, June 11 (PNA/Xinhua) — The World Bank on Tuesday lowered its projection for this year’s global economic outlook, as developing countries are heading for “disappointing growth,” while high-income countries are gaining…
Semirara Mining Corporation receives summon from Baurer Foundations Philippines
MANILA, June 10 (PNA) — The Semirara Mining Corporation (SMC) received a summon Tuesday regarding a civil complaint filed by Baurer Foundations Philippines Inc (BFPI), which said SMC allegedly stopped Baurer from…
San Miguel expects double-digit growth for new businesses in 2014
MANILA, June 10 (PNA) — San Miguel Corporation (SMC) is expecting its new businesses to grow by 20 percent this year, SMC president Ramon S. Ang told reporters at the sidelines of…
Countdown to ASEAN economic integration nearing D-day
MANILA, June 10 (PNA) — A lady lawmaker insists on the creation of a Special Committee on ASEAN Economic Community (AEC) of the House of Representatives so that threats and opportunities are…