By Kris M. Crismundo MANILA, June 10 (PNA) — The Philippines unemployment rate for April 2014 has eased to 7.0 percent from April 2013’s unemployment rate of 7.6 percent, and April 2012’s…
Category: Business & Economy
PHL can get investments even without changing Constitution – Senator Aquino
By Jelly F. Musico MANILA, June 10 (PNA) — Senator Paolo Benigno Aquino IV on Tuesday said the Philippines can entice more foreign investors even without changing the Constitution. ”To be frank,…
TSM Group to operate 25 more ships
MANILA, June 9 (PNA) — With the Filipino seafarers playing a valuable role in the safe transfer of cargo from one point to another, TSM Group of Companies, one of the Philippines’…
SMEs get boost with trade and tourism fair at Rizal
ANTIPOLO CITY, Rizal, June 9 (PNA) — Small and medium enterprises in the province will get a big boost as Trade and Tourism Fair takes part as one of the highlights of…
RCBC starts offering of Php 10- B Tier 2 Notes
MANILA, June 9 (PNA) – – Yuchengco-led Rizal Commercial Banking Corporation (RCBC) started Monday the offering of its Php 10 billion BASEL III-compliant unsecured subordinated Tier 2 notes. Issuance of the 10-year,…
Abad: Php 32.3-B GOCC earnings to buoy post-calamity aid
By Lilybeth G. Ison MANILA, June 9 (PNA) — Following the official turnover of dividends and remittances collected by government-owned or -controlled corporations (GOCCs) to the National Government, Budget and Management Secretary…
PHL stocks rebound on US, China economic data
MANILA, June 9 (PNA) — The Philippine stock barometer regained an upward momentum and surged along with other Asian bourses on Monday, bolstered by robust economic data of United States and China,…
Bloomberry gears up for further expansion of Solaire casino
MANILA, June 5 (PNA) — Gaming firm Bloomberry Resorts Corp. has begun planning for the further expansion of Solaire Resort and Casino that will make it among the largest integrated resorts in…
Ayala Land to operate new Mandarin hotel
MANILA, June 5 (PNA) — Property giant Ayala Land Inc. (ALI) will develop and operate a new Mandarin Oriental Manila that is set to open its doors by 2020. In a disclosure…
Peso ends sideways vs. USD
MANILA, June 4 (PNA) — Anticipation on the decision of the European Central Bank (ECB) after its policy meeting Thursday still hounded the Philippine peso and other currencies Wednesday. The local unit…
Reconstruction, manufacturing PHL’s major drivers for ’14 – Balisacan
By Joann Santiago MANILA, June 4 (PNA) — Economic and Planning Secretary Arsenio Balisacan is confident that the Philippine economy will recover in the coming quarters and hit the government’s 6.5-7.5 percent…
Gov’t registers P80.85B budget surplus in April ‘14
MANILA, June 4 (PNA) — The government posted an P80.85 billion budget surplus in April 2014 as revenues rose by 18 percent year-on-year while expenditures contracted by six percent. Data released by…
Mobile data usage compound growth rate in Asia Pacific to grow more than 80%
KUALA LUMPUR, June 3 (PNA/Bernama) — The mobile data usage compound growth rate in the Asia Pacific is expected to grow to more than 80 percent with Long-Term Evolution (LTE) technology from…
WB, foreign experts assessing Philippines risk tolerance
By Christopher Lloyd T. Caliwan MANILA, June 3 (PNA) -– The Department of Public Works and Highways (DPWH) said on Tuesday that government is bent on bolstering its disaster risk reduction management…
Senator Aquino pushes 2-year tax exemption for start-up businesses
By Jelly F. Musico MANILA, (PNA) — Senator Paolo Benigno Aquino IV has filed a sensible bill granting tax exemption for start-up enterprises for the first two years of their business operations….