MANILA, Sept. 10 (PNA) — Good harvest, more jobs, better pay and government assistance such as the Pantawid Pamilyang Pilipino Program (4Ps) made consumers more positive on their outlook for the third…
Category: Business & Economy
Economists eye higher inflation rate for PHL in ‘17
By Joann Santiago MANILA, Sept. 10 (PNA) — Economists surveyed by the Bangko Sentral ng Pilipinas (BSP) eye higher rate of price increases in the Philippines in 2017. Highlights of the Monetary…
Hinatuan Mining scales down operations
By Lilybeth G. Ison MANILA, Sept. 10 (PNA) — Hinatuan Mining Corp. (HMC), a subsidiary of Nickel Asia Corp. (NAC), is scaling down its operations, affecting at least 200 of its employees,…
BGI bags Php 5-B loan deal with 3 banks
By Juzel L. Danganan MANILA, Sept 10 (PNA) – Bac-Man Geothermal Inc. (BGI), a subsidiary of Energy Development Corp. (EDC), has secured a Php 5-billion loan with three banks. In a disclosure…
Foreign Direct Investments yield net inflows in June 2015; first semester level hits US$ 2 Billion
MANILA, Sept. 10 (PNA) — Foreign direct investments (FDI) recorded net inflows of USD 383 million in June 2015 as net inflows were registered in all FDI components. 1,2 The bulk of…
Weaker yuan no big impact on PHL GDP
By Kris M. Crismundo MANILA, Sept. 9 (PNA) — The devaluation of Chinese yuan will have no significant impact on the Philippine economy, BPI Securities Corp. Chief Executive Officer Michael Angelo D….
LTFRB asks GrabCar to explain why its drivers are choosy
By Azer N. Parrocha MANILA, Sept. 9 (PNA) — The Land Transportation and Franchising Board (LTFRB) on Wednesday asked app-based ridesharing service GrabCar to explain why its drivers had been declining commuters…
PHL unemployment rate further down in July 2015
By Leslie D. Venzon MANILA, Sept. 9 (PNA) — The number of unemployed Filipinos further declined in July 2015 as the market continues to reflect the continued strength of the economy, according…
Increase IRA share of municipalities to spur inclusive economic growth in countryside – Chiz
LEGAZPI CITY, Sept. 9 (PNA) — Sen. Francis Escudero on Wednesday called for the restructuring of the distribution of the Internal Revenue Allotment (IRA) to local government units (LGUs) by increasing the…
OceanaGold opens Asia’s only underground mine training facility
By Lilybeth G. Ison CLARK FIELD, Pampanga, Sept. 8 (PNA) — OceanaGold opened on Tuesday afternoon Asia’s only underground mine training facility located inside Clark Field in Pampanga. The 240-square-meter state-of-the-art facility,…
NAPOCOR, Benguet planters ink MOA to establish coffee plantation
By Juzel L. Danganan MANILA, Sept. 8 (PNA) — The National Power Corporation (NAPOCOR) and the Benguet’s Cobabeng Bobok Arabica Planters Association (CBAPA) have signed a Memorandum of Agreement (MOA) to build…
Filinvest gets Clark Green City bid
By Kris M. Crismundo MANILA, Sept. 8 (PNA) — The state-owned Bases Conversion and Development Authority (BCDA) will be partnering with property developer giant Filinvest Land Inc. after the latter submitted a…
PHP touches 47-level vs. USD, PSEi ends Tuesday w/ losses
By Joann Santiago MANILA, Sept. 8 (PNA) — The Philippine peso ended Tuesday sideways against the dollar while the local bourse finished the day on the red similar to its peers in…
PHL seen sustaining high growth trajectory
By Leslie D. Venzon MANILA, Sept. 8 (PNA) — The Philippines is expected to continue its higher trajectory of growth in the third quarter on the back of surging government spending and…
PHL accepts PhP 237-B worth of 10-, 25-yr bonds for exchange
By Joann Santiago MANILA, Sept. 8 (PNA) — The Philippines’ recent debt exchange activity got a strong response from holders of government securities (GS), enabling the government to swap PhP 237.6 billion…