By Leslie D. Venzon MANILA, Aug. 3 (PNA) — The benchmark stock index bucked a tumble in the Asian markets Monday as it managed to eke out gains on bargain-hunting. The Philippine…
Category: Business & Economy
Phl peso slightly improves vs USD
By Joann Santiago MANILA, Aug 3 (PNA) — The Philippine peso regained its footing a bit after plunging to its 5-year and two-day-low against the US dollar Friday last week. It ended…
DVO-DTI XI establishes Negosyo Centers in DavOr, DavSur, Davao City
By Jenny Grace M. Mendoza DAVAO CITY, Aug. 3 (PNA) — The Department of Trade and Industry (DTI) in Region XI has opened a total of three Negosyo Centers in Davao Region…
Oil firms to reduce per liter prices of diesel by Php0.90, gas by Php0.40
By Juzel L. Danganan MANILA, Aug. 3 (PNA) — Most oil firms will reduce diesel prices per liter by Php0.90 centavos and gasoline by Php0.40 centavos on Tuesday. In separate advisories, Pilipinas…
MPIC expects Php10-B profit this year
MANILA, Aug. 3 (PNA) — Infrastructure conglomerate Metro Pacific Investments Corp. (MPIC) expects its core earnings reaching Php10 billion this year, up 17.65 percent from last year’s Php8.5 billion. “We anticipate continued…
TIEZA commits Php60 M for Bohol park
MANILA, Aug 1 (PNA) — The Department of Tourism (DOT), through its attached agency, the Tourism Infrastructure and Enterprise Zone Authority (TIEZA,) has committed Php60-million for the development of a park in…
Business community wants next admin to continue, accelerate President Aquino’s reforms
By Kris M. Crismundo MANILA, Aug. 2 (PNA) — As the country gets busy with the elections and transition of leadership next year, the business community wants the next administration to continue…
Sandugo Trade Expo rakes in P21M
By Angeline Valencia TAGBILARAN CITY, Bohol, Aug. 2 (PNA) — The recently-concluded Sandugo Trade Expo generated P21 million in sales for over 100 exhibitors, surpassing last year’s record of P20 million. DTI-7…
PHL implements measures to lift rankings in 4 global reports — NCC
By Kris M. Crismundo MANILA, Aug 2 (PNA) — The Philippines is implementing measures to lift its rankings in four global indices where it lags, National Competitiveness Council (NCC) Co-Chair for Private…
Villar Group spending Php30-B to expand mall, retailing businesses
By Leslie D. Venzon MANILA, Aug. 2 (PNA) — The Villar Group is spending around Php30.5 billion to expand its shopping malls and retailing segments in the next three years, in line…
Citicore Solar Philippines Power Project Holdings 60-MW Calatagan project on-track, Central Luzon delayed – Leviste
By Juzel L. Danganan MANILA, August 2 (PNA) — Citicore Solar Philippines Power Project Holdings said that its 60 Megawatt (MW) Calatagan-project is on-track, while it’s near 100-MW Central Luzon project will…
Bicol’s 2014 economic performance sluggish
LEGAZPI CITY, Aug. 2 (PNA) — Bicol’s regional economy poorly performed last year due to problems arising from natural calamities, high power rates, poor infrastructures, poor investment climate, and under-spending of government…
Gaming firm LRWC sets 2015 capex at Php400-M
By Leslie D. Venzon MANILA, Aug. 2 (PNA) — Listed gaming firm Leisure and Resorts World Corp. (LRWC) is earmarking Php300 million to Php400 million for capital expenditures this year, part of…
BPO firms step up hiring of Filipino nurses
By Sammy F. Martin MANILA, Aug. 1 (PNA) — Business process outsourcing (BPO) firms have stepped up their recruitment of Filipino nurses, following the US Supreme Court verdict upholding Obamacare, or the…
Bill mandates airlines to refund cancelled flight
MANILA, Aug. 1 (PNA) — Rep. Evelina G. Escudero (1st District Sorsogon) pushes for a bill mandating airline companies to refund in full the tickets of passengers who canceled their flight reservation…