By Joann Santiago MANILA, Oct. 8 (PNA) — Fitch Ratings remain optimistic for a robust growth for the Philippines in 2015, despite cutting its growth projection for 2015, on back of strong…
Category: Business & Economy
BPI leads PHL mobile banking with its innovative, intuitive platforms
MANILA, Oct 8 (PNA) –Two prestigious award in the financial services industry have affirmed Bank of The Philippine Islands’ leadership in Philippine mobile banking. The Asian Banker bestowed on BPI the Best…
Economist says risks in currency market expected till next six months
By Joann Santiago MANILA, Oct. 8 (PNA) — Volatilities in the currency market, among others, are expected until the Federal Reserve finally delivered its initial rate hike. Thus, the latest improvement of…
Private developer to start construction of Php2-B Ciudad project next year
CEBU CITY, Oct. 8 (PNA) — A private developer will start the construction of the Php2-billion Ciudad project at the Cebu provincial government-owned land in Barangay Apas, Cebu City next year. Cebu…
Peso appreciates vs. dollar on higher expectations for Fed rate delay
MANILA, Oct. 7 (PNA) — The Philippine peso surged against the greenback Wednesday on more negative economic data from the US. It ended the day at PhP46.14, or PhP0.33 better than the…
Meralco cuts power rates by 13 c/kWh this October
By Juzel L. Danganan MANILA, Oct. 7 (PNA) – Consumers can again expect lower electricity bills as the Manila Electric Company (Meralco) on Wednesday announced a Php0.13 per kilowatt hour (kWh) rate…
First Gen re-acquires 36 million shares at Php110 each
MANILA, Oct 7 (PNA) –- Lopez-led First Gen Corp. has re-acquired 36 million preferred shares at Php 110 each. In a disclosure from the Philippine Stock Exchange Wednesday, First Gen Corporation said…
PHL software industry exec eyes realization of Department of ICT
By Joann Santiago MANILA, Oct. 7 (PNA) — The head of the Philippine Software Industry Association (PSIA) is optimistic that a single agency for Information and Communications Technology (ICT) will materialize in…
PLDT’s US-based venture capital arm invests USD10-M in mobile platform company
By Azer N. Parrocha MANILA, Oct. 7 (PNA) — The Philippine Long Distance Telephone Company (PLDT) through its US-based venture capital arm, PLDT Capital has invested USD 10-million in a mobile platform…
President Aquino cites contribution of IT-BPM on PHL’s economic rise
By Joann Santiago MANILA, Oct. 6 (PNA) — President Benigno Aquino III on Tuesday cited the big contribution of the information technology-businss process management (IT-BPM) industry in the continued growtho of the…
Barclays eyes possible cut in banks’ RR rate as PHL inflation falls to 0.4% in September ‘14
By Joann Santiago MANILA, Oct. 6 (PNA) — London-based financing firm Barclays is considering a possible cut in Philippine banks’ reserve requirements if inflation rate in the country continues to decline. In…
SM opens first large screen cinema in Cabanatuan
MANILA, Oct. 6 (PNA) — SM Cinema will launch the first large format cinema on Friday (October 9) in Cabanatuan City — a giant digital screen almost 30 percent bigger than the…
PSEi rallies back above 7,000
By Leslie D. Venzon MANILA, Oct. 6 (PNA) — Local share prices rallied for a second day and breached the 7,000 level on Tuesday, driven by Wall Street gains as the United…
Malampaya consortium, PNOC to award banked gas this year
By Juzel L. Danganan MANILA, Oct 6 (PNA) — The Malampaya consortium and the Philippine National Oil Company (PNOC) still targets to award the banked gas this year. “That’s still in the…
UK firms keen on PHL infra projects
By Leslie D. Venzon MANILA, Oct. 5 (PNA) — More British firms are keen to invest in the Philippine airports and aerospace infrastructure projects, especially as the country prepares to become more…