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Category: Business & Economy

FinanceAsia: PLDT voted no.1 in investor relations and commitment to a strong dividend policy

Posted on March 25, 2014

March 25 (PNA) — Leading telecoms firm, Philippine Long Distance Telephone Company, has been voted No. 1 in investor relations and commitment to a strong dividend policy in a poll conducted by…

PHL launches new online stock market disclosure system

Posted on March 24, 2014

MANILA, March 24 (PNA) — The Philippine Stock Exchange (PSE) has launched a new online disclosure system that allows stock market investors to access to news and disclosures of listed companies on…

Century Properties targets P100-M annual income from new Makati mall

Posted on March 24, 2014

By Leslie D. Venzon MANILA, March 24 (PNA) — Listed real estate developer Century Properties Group Inc. expects to book a net income of P100 million annually starting next year from store…

Spain to explore infrastructure, other business activities in PHL

Posted on March 24, 2014

By Kris M. Crismundo MANILA, Mar 24 (PNA) — The Philippines has gained another interest from a European country to explore domestic business activities here. The Spanish government and business community brought…

DTI-7 to intensify campaign on SMEs promotion

Posted on March 24, 2014

CEBU CITY, March 24 (PNA) — The Department of Trade and Industry (DTI) 7 will intensify its campaign on promoting the growth of Small and Medium Enterprises (SMEs) in the region, an…

PHL mining sector and its almost non-existent contribution to economic growth

Posted on March 23, 2014

By Joann Santiago MANILA, March 23 (PNA) — The Philippines is among the countries in the world that are greatly endowed with mineral resources. This should be one of the major drivers…

Enhancing designs to back furniture industry growth

Posted on March 22, 2014

By Kris M. Crismundo MANILA, March 22 (PNA) — Improving design capabilities will support the furniture industry growth target of up to 10 percent and will make the Philippines as the “Milan…

Sec. Abad says BIR collected only P11.3B from self-employed professionals in 2013

Posted on March 22, 2014

CEBU CITY, March 21 (PNA) — Budget Secretary Florencio “Butch” Abad said the Bureau of Internal Revenue (BIR) was able to collect only P11.3 billion in taxes from the estimated combined annual…

SM sees new trends in PHL retail industry through ASEAN integration

Posted on March 22, 2014

By Kris M. Crismundo MANILA, March 22 (PNA) — The Philippine retail industry can now come in the local market with new trends as ASEAN integration will take place in 2015, said…

PHL registers US$ 345M BOP surplus in end-Feb ’14

Posted on March 19, 2014

By Joann Santiago MANILA, March 18 (PNA) — The Philippines posted a US$ 345 million balance of payment (BOP) surplus in February 2014, a reversal from the US$ 4.48 billion deficit in…

7-Eleven franchiser’s 2013 profit up 46.7%, sets P2.3B capex this year

Posted on March 19, 2014

By Leslie D. Venzon MANILA, March 19 (PNA) — Philippine Seven Corp., the local licensee of 7-Eleven convenience stores in the country, is doubling its capital expenditures (capex) this year to expand…

DOE gets $ 1-B financing from US Ex-Im Bank for LNG and RE

Posted on March 19, 2014

MANILA, March 19 (PNA) — The Department of Energy (DOE) and the Export-Import (Ex-Im) Bank of the United States signed a Memorandum of Understanding (MOU) Wednesday for $ 1 – billion worth…

Online buy-and-sell site targets 1M new sellers in ’14

Posted on March 19, 2014

MANILA, March 19 (PNA) — Online buy-and-sell site Sulit.com.ph targets to have one million new sellers this year after it rebranded and now calls itself OLX.ph. OXL Philippines Managing Director RJ David,…

DTI’s roving academy rallies Laguna MSMEs on opportunities for ASEAN economic integration

Posted on March 18, 2014

SANTA CRUZ, Laguna, March 18 (PNA) — The Department of Trade and Industry (DTI) has embarked this month on its series of briefings for Laguna’s micro, small and medium enterprises (MSMEs) through…

PHL stocks rise on Wall Street

Posted on March 18, 2014

MANILA, March 18 (PNA) — Local share prices sustained their rally along with other Asian bourses following Wall Street’s gains. The bellwether Philippine stock exchange index (PSEi) advanced 66.56 points or 1.04…

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