BORACAY ISLAND, Aklan, May 23 (PNA) — Asia Pacific Economic Cooperation (APEC) economies negotiating for the Free Trade Area in the Asia Pacific (FTAAP) must get the design right for regional businesses…
Category: Business & Economy
APEC trade ministers to start work on Asia-Pacific free trade pact
By Leslie D. Venzon BORACAY ISLAND, Aklan, May 22 (PNA) — Trade ministers from the 21 members of the Asia-Pacific Economic Cooperation (APEC) forum will start laying the groundwork for the Free…
PHL pushes e-commerce platform for MSMEs at APEC trade meeting
By Leslie D. Venzon BORACAY ISLAND, Aklan, May 22 (PNA) — The Philippines will propose an e-commerce platform to be used by the micro, small and medium enterprises (MSMEs) across Asia-Pacific Economic…
PAL, Cebu Pacific considering acquisition of Airbus A350
MANILA, May 22 (PNA) — Philippine Airlines (PAL) and Cebu Pacific are currently considering the acquisition of the Airbus’ latest model, Airbus A350-900 XWB (extra wide body), after finally meeting with Airbus…
Southeast Asian taxi-booking app turns 1-year-old in PHL
By Azer N. Parrocha MANILA, May 22 (PNA) — GrabTaxi, Southeast Asia’s largest taxi-booking mobile phone app, marked this week its first anniversary of its GrabCar services in the Philippines – a…
Moody’s Analytics eyes PHL economy to grow 7.3% in Q1 ’15
By Joann Santiago MANILA, May 22 (PNA) — Expected improvement in government spending along with higher infrastructure investment made Moody’s Analytics project a 7.3 percent growth for the Philippine economy in the…
SOM Chair to APEC economies: Create environment conducive to digital economy or get left behind
By Leslie D. Venzon BORACAY ISLAND, Aklan, May 18 (PNA) — The 21 member economies of the Asia-Pacific Economic Cooperation (APEC) are working to promote a policy and regulatory environment conducive to…
First Gen net income up 18% at US$ 50.5-M in Q1
MANILA, May 18 (PNA) — First Gen Corporation’s net income for the first quarter of 2015 has grew to US$ 50.5 million, an increase of 18 percent from 2014’s US$ 42.9 million….
BSP still assessing its ’15, ’16 BoP projections
MANILA, May 18 (PNA) — The Bangko Sentral ng Pilipinas (BSP) continues to review its balance of payment (BoP) projection for 2015 as well as its outlook for 2016. ”The reassessment of…
PSE index regains 7,900-level
MANILA, May 18 (PNA) — The local stock market regained the 7,900-mark on Monday, extending its winning streak to sixth straight session, still driven by corporate earnings and positive economic outlook. The…
Aboitiz Power to secure financing for Therma Visayas coal fired, Manolo Fortrich hydro plant by Q3
By Juzel L. Danganan MANILA, May 18 (PNA) — Aboitiz Power Corporation will secure the financing for the 68 Megawatt (MW) Hedcor Bukidnon Inc. hydro power plant and the 510 MW Therma…
LandBank net income up 24% to Php 3.6 B in Q1 ’15
MANILA, May 18 (PNA) — The Land Bank of the Philippines started 2015 with strong first quarter net income of Php3.6 billion, 24 percent increase from the Php2.9 billion registered in the…
PHL urges middle-income APEC economies to enhance support for SMEs’ skills upgrades, innovation
By Leslie D. Venzon BORACAY ISLAND, Aklan, May 17 (PNA) — The Philippines is urging other middle income countries, particularly Asia-Pacific Economic Cooperation (APEC) economies, to promote skills upgrades and innovation in…
ABAC chair: Open trade, investment regime in services to boost growth, jobs in APEC economies
By Leslie D. Venzon BORACAY ISLAND, Aklan, May 17 (PNA) — Asia-Pacific business leaders are calling 21-member economies of the Asia-Pacific Economic Cooperation (APEC) to adopt an open trade and investment regime…
First Gen earmarks USD 500M to develop hydro projects
By Juzel L. Danganan MANILA, May 17 (PNA) — First Gen Mindanao Hydro, a subsidiary of First Gen Corporation, has allocated USD 500 million for the development of its hydro projects. “First…