By Kris M. Crismundo MANILA, Sept. 4 (PNA) — The country’s exports of garments and hard goods are seen to double in the next two years hitting USD 1.5 billion, Foreign Buyers…
Category: Business & Economy
Profit-taking drags PHL stocks lower
By Leslie D. Venzon MANILA, Sept. 4 (PNA) — The Philippine Stock Exchange index (PSEi), the local stock barometer, closed the week lower following profit-taking by investors. PSEi slipped 46.98 points, or…
APEC’s trade liberalization agenda seen to benefit Filipino consumers
By Leslie D. Venzon CEBU CITY, Sept. 3 (PNA) — Filipino consumers can benefit from cheaper goods and services resulting from the implementation of trade-liberalizing and business-facilitating measures by the Asia-Pacific Economic…
PPP Center chief eyes more infra projects in PHL through Cebu Action Plan
By Joann Santiago MANILA, Sept. 3 (PNA) — Public-Private Partnership (PPP) Center Executive Director Cosette Canilao is optimistic that more projects will materialize in the Philippines with the help of the Cebu…
Ayala sells stakes in 81-MW wind farm to Mitsubishi unit
By Juzel L. Danganan MANILA, Sept. 3 (PNA) — Ayala Corp. said Thursday it sold some of its stake in North Luzon Renewable Energy Corp., the owner and operator of 81-megawatt (MW)…
Globe posts Php 15.8-B postpaid revenues
MANILA, Sept. 3 (PNA) — Globe Telecom remains the dominant player in the country’s mobile postpaid segment after posting postpaid revenues of Php15.8 billion during the first half of the year on…
PSEi ends higher on Wall Street gains
MANILA, Sept. 3 (PNA) — Local share prices snapped out a two-day slump, closing near the 7,100-level on Thursday, tracking Wall Street’s lead. The benchmark Philippine Stock Exchange index (PSEi) advanced 26.30…
New mall to rise in Dagupan this year
DAGUPAN CITY, Sept. 1 (PNA) — A Manila-based company is investing some P200 million in a new mall to rise in Dagupan City soon, according to Mayor Belen Fernandez. She said the…
Importance of global value chain services in generating jobs highlighted in APEC meeting
CEBU CITY, Aug. 31 (PNA) — Member economies of the Asia-Pacific Economic Cooperation (APEC) must take a deeper look at the role of services in global value chains (GVCs) due to their…
8990 Holdings funds housing data body
By Leslie D. Venzon MANILA, Aug. 31 (PNA) — Leading mass housing company 8990 Holdings, Inc. has earmarked Php1 million for the creation of a research center that aims to gather data…
Biz group doing last-minute push for foreign investment liberalization in Congress
By Kris M. Crismundo MANILA, Aug 31 (PNA) — With less than a year for the 16th Congress to pass and amend laws, the Joint Foreign Chamber of the Philippines (JFC) is…
Petron cuts LPG prices by Php 25 per 11-kg cylinder
By Juzel L. Danganan MANILA, Aug. 31 (PNA) — Petron Corp. will cut liquefied petroleum gas prices by Php 25 for its 11-kilogram cylinder on Tuesday. In an advisory Monday, Petron said…
PHL hosting 46th APEC energy efficiency and conservation official meeting
By Juzel L. Danganan MANILA, Aug. 31 (PNA) — The Philippines on Monday started hosting the three-day 46th Asia-Pacific Economic Cooperation (APEC) Energy Efficiency and Conservation Experts and Officials’ meeting in Cebu…
Negros Occidental EDT pushes for establishment of various industry dev’t programs
BACOLOD CITY, August 31 (PNA) — The Economic Development Team (EDT) of the province has proposed to establish different development programs for identified industries to address various concerns. EDT member Alfredo Barcelona,…
Magnetic gates at LRT-2 to be removed on Monday –LRTA
MANILA, Aug. 30 (PNA) — The Light Rail Transit (LRT) Line 2’s magnetic gates will be completely removed on Monday, National Heroes’ Day, the LRT Authority (LRTA) said in an advisory. LRTA…