MANILA, Oct. 12 (PNA) — Foreign direct investments (FDI) posted net inflows of USD 458 million in July 2015, up 1.6 percent from USD 451 million registered in the comparable period last…
Category: Business & Economy
BSP’s rediscounting facility continues to post lower growth
MANILA, Oct. 12 (PNA) — Ample domestic liquidity along higher rates further lowered the availment in the Bangko Sentral ng Pilipinas (BSP) rediscount facility. Data released by the central bank Monday showed…
UCPB-CIIF Finance’s loans to coco farmers reach Php276-M in September
MANILA, Oct. 12 (PNA) — UCPB-CIIF Finance and Development Corp. released Php53.8 million in new loans to coconut farmers in September bringing its nine-month total to Php276.55 million. The loans financed alternative…
Moody’s Investors Service says ratings on PHL reflects the country’s resiliency
By Joann Santiago MANILA, Oct. 12 (PNA) — Moody’s Investors Services remains optimistic on the Philippine economy’s growth for 2015 due to its proven resiliency against external shocks. In its latest credit…
4th PSE Bell Awards scheduled in November
MANILA, Oct. 11 (PNA) — The Philippine Stock Exchange, Inc. (PSE) is set to give recognition to listed companies and trading participants that serve as benchmarks for good corporate governance through the…
Shell calls on DOE to recognize mid-merit load before CSP implementation
By Juzel L. Danganan MANILA, Oct. 11 (PNA) — Pilipinas Shell Petroleum Corporation (PSPC) called on the Department of Energy (DOE) and the Energy Regulatory Commission (ERC) to recognize mid-merit load to…
Bloomberry to turn Quezon City property into mixed-use dev’t
By Leslie D.Venzon MANILA, Oct. 9 (PNA) — Sureste Properties Inc. (SPI), the hotel and resort development arm of Bloomberry Resorts Corp. (BLOOM), is buying a 1.57-hectare lot in Vertis North, Quezon…
Taiwan says PHL a ‘great investment destination and gateway’ to ASEAN
By Janice M. Cave MANILA, Oct. 9 (PNA) – The Philippines is “a great investment destination and gateway” for the Taiwanese business sector to do business in the ASEAN region, a high-ranking…
Peso improves to 45-level vs. USD in morning session
By Joann Santiago MANILA, Oct. 9 (PNA) — The Philippine peso strengthened to the 45-level to the greenback in Friday’s morning session at the Philippine Dealing System (PDS) minutes after the Federal…
Wordtext Systems, Unify launch Unified Communications software
MANILA, Oct. 9 (PNA) — Wordtext Systems, Inc. (WSI) and Unify on Friday launched Openscape Business Unified Communications (UC Solution), a software from Germany that allows the efficient communication flow through most…
Manufacturing sector recovers from 3-month drop in August
MANILA, Oct. 9 (PNA) — After a three-month decline, the manufacturing sector bounced back in August 2015 due to the vigorous construction activity and high demand for automotive products, according to the…
Zamboanga’s sardines industry can expand to ASEAN market through economic community
By Kris M. Crismundo MANILA, Oct. 9 (PNA) — Zamboanga Peninsula’s sardines industry is urged to expand its market to other Southeast Asian countries through the economic community of the Association of…
Top malls, retailers join PHL’s biggest “Shopping Festival 2015”
By Azer N. Parrocha MANILA, Oct 9 (PNA) — About a hundred of the country’s biggest malls are expected to participate in the “Philippine Shopping Festival,” the biggest nationwide grand sale, slated…
LandBank raises Php 6 B from LTNCD offering
MANILA, Oct. 9 (PNA) — Land Bank of the Philippines (LandBank) the largest government-owned financial institution, has raised Php 6-billion worth of Long Term Negotiable Certificate of Deposits (LTNCD) as a first…
SM firm invests Php1-B to field 77 hybrid buses in Metro Cebu by end of November
CEBU CITY, Oct. 9 (PNA) — A subsidiary firm of SM Prime Holdings Inc. will field a fleet of 77 hybrid buses plying four cities in Metro Cebu in time for the…