BEIJING, (PNA/Xinhua) — Chinese new stock accounts rose by 433 percent year-on-year in the first quarter to reach almost 8 million, Chinese securities watchdog said Friday. About 62 percent of the new…
Category: Business & Economy
PHL peso gains strength on ECB decision, drop in US’ industrial output
By Joann Santiago MANILA, April 17 (PNA) — The Philippine peso ended the week better than the greenback on contraction of US’ industrial production in March 2015 and the European Central Bank’s…
PHL petroleum value production index improves at -30.8%
MANILA, April 17 (PNA) -– The petroleum value production index of the country has improved at -30.8 percent for February than January’s plunge of -35.4 percent, according to the National Economic Development…
PNB shifts focus to SME, consumer loan portfolio
MANILA, April 17 (PNA) — The Philippine National Bank (PNB) has shifted focus from corporate to small and medium enterprises (SME) and consumer loan portfolios in an effort to beef up its…
BSP allows Unit Investment Trust Funds with unit-paying feature
MANILA, April 17 (PNA) –In line with the thrust of the Bangko Sentral ng Pilipinas to institute reforms that will take advantage of investment opportunities while ensuring market order, both of which…
Bank deposits post double-digit growth in 2014
MANILA, April 17 (PNA) — Deposits in the Philippine banking system grew to Ph8.5 trillion in 2014, up 12 percent from Php 7.6 trillion in 2013. Data from the Philippine Deposit Insurance…
MB places Rural Bank of Labrador (Pangasinan), Inc. under PDIC receivership
MANILA, April 17 (PNA) — The Monetary Board (MB) placed the Rural Bank of Labrador (Pangasinan), Inc. under the receivership of the Philippine Deposit Insurance Corporation (PDIC) by virtue of MB Resolution…
Trans-Asia advances to Sub-Phase 4 on SC 69
By Juzel L. Danganan MANILA, Apr 17 (PNA) — Trans-Asia Petroleum Corporation has advanced the exploration stage in Service Contract 69, to drill one well in Camotes Sea, Visayas-Service Contract 69. ”Please…
PEZA approves Seiki Corp’s project
MANILA, April 17 (PNA) — The Philippine Economic Zone Authority (PEZA) has approved the project of Japanese firm Seiki Corporation. PEZA Director General Lilia B. de Lima and Seiki Hot Runners Philippines…
Bloomberry Resorts plans to put up USD 1-B integrated casino complex in South Korea
By Leslie D. Venzon MANILA, April 16 (PNA) — Philippine casino operator Bloomberry Resorts Corp. plans to invest over USD 1 billion in developing an integrated casino complex in South Korea by…
Court halts PEMC from collecting Php 234.9-M fine on Therma Mobile Inc.
By Juzel L. Danganan MANILA, April 16 (PNA) – A Regional Trial Court (RTC) in Pasig City has prevented the Philippine Electricity Market Corp. (PEMC) from collecting Php 234.9 million in fine…
DTI’s Domingo, SM’s Sy-Coson to speak at WEF East Asia
By Kris M. Crismundo MANILA, April 16 (PNA) — Department of Trade and Industry (DTI) Secretary Gregory L. Domingo and SM Investment Corporation Vice Chair Teresita Sy-Coson are among Filipinos that will…
PHL shares bounce back from 4-day slump
MANILA, April 16 (PNA) — Local share prices tracked the positive movement in global markets Thursday and snapped their four-day losing streak. The barometer Philippine Stock Exchange index (PSEi) surged 41.74 points…
Better earnings for Dragon Oil Plc despite oil price drop
By Juzel L. Danganan MANILA, April 16 (PNA) — It seems not every oil exploration company is losing to the oil price drop, as Dragon Oil Plc., which has a 40 percent…
Marubeni Corp, Italian firm Enel Green Power sign MOU to create joint-venture to develop RE projects
By Juzel L. Danganan MANILA, April 12 (PNA) — Japanese-firm Marubeni Corporation and Italian-firm Enel Green Power (EGP) have signed a Memorandum of Understanding (MOU) to create a joint-venture to develop renewable…