By Kris M. Crismundo MANILA, Oct. 29 (PNA) — With the efforts of the Philippine government and private sector to improve the business environment in the country, the Philippines has moved up…
Category: Business & Economy
PHL 8-month electronics trade steady at US$ 25.6-B in 2014
By Kris M. Crismundo MANILA, Oct. 28 (PNA) — The country’s two-way trade of electronic products in January to August 2014 period was steady at US$ 25.6 billion, same level as last…
Otto Energy’s stake in Galoc field to be voted 2nd week of December
MANILA, Oct. 28 (PNA) — Otto Energy’s 33 percent stake in the Galoc oil field will be decided by stakeholders on the second week of December 2014. “The Shareholder Extraordinary Meeting is…
Asia Pacific’s largest flexible packaging manufacturer to build new plant in PHL
MANILA, Oct. 28 (PNA) — Amcor Flexibles Asia Pacific (AFAP) announced on Tuesday it will build a multi-million-dollar flexible packaging plant in the Philippines as it expands footprint in Asia. “The partnership…
Better business environment attracts more foreign investors, says official
MANILA, Oct. 28 (PNA) — Creating a better business environment is the government’s major thrust in attracting investors to come to the Philippines, Trade Secretary Gregory Domingo said on Tuesday. During the…
BSP lowers inflation forecasts for ’14-‘16
By Joann Santiago MANILA, Oct. 23 (PNA) — Lower risks posed by oil prices, among others, made the Bangko Sentral ng Pilipinas (BSP) policy-making Monetary Board (MB) lower the central bank’s inflation…
Adjustments in banks’ capitalization requirements positive for PHL financial system — bank executive
By Joann Santiago MANILA, Oct. 22 (PNA) — The Bangko Sentral ng Pilipinas’ (BSP) decision to adjust banks’ minimum capital requirements based on its classification and the number of branches is widely…
Phoenix Petroleum raises P2-B in debt paper sale
MANILA, Oct. 22 (PNA) — Phoenix Petroleum Philippines, Inc. (PNX), the first independent oil company to list shares in the stock exchange, has sold Php2 billion worth of short-term commercial papers (STCPs)….
Stocks break 7,100-mark on US rally
MANILA, Oct. 22 (PNA) — Local share prices zoomed past 7,100 on Wednesday following the United States equities’ rally. The barometer Philippine stock exchange index (PSEi) increased 86.19 points or 1.22 percent…
PHL shares extend gain on upbeat US data
MANILA, Oct. 21 (PNA) — Local share prices extended their winning streak for a second day on Tuesday, spurred by upbeat United States (US) data. The bellwether Philippine stock exchange index (PSEi)…
Publicly-listed firms urged to adopt good corporate governance
By Leslie D. Venzon MANILA, Oct. 21 (PNA) — More publicly-listed companies are encouraged to practice good corporate governance to enhance their performance and help improve the ranking of Philippine public listed…
Robinsons Land sets 2015 capex at P15-B to P17-B
MANILA, Oct. 21 (PNA) — Robinsons Land Corporation (RLC), the real estate arm of JG Summit Holdings Inc., expects to spend next year P15 billion to P17 billion capital expenditures, mainly for…
HARI’s vehicle sales surge 34% in September
By Kris M. Crismundo MANILA, Oct. 20 (PNA) — Vehicle sales of Hyundai’s local arm, Hyundai Asia Resources Inc. (HARI), surged by 34 percent in September 2014 compared to the same period…
Phoenix Semiconductor to embark on expansion after IPO
By Leslie D. Venzon MANILA, Oct. 20 (PNA) — South Korean-owned Phoenix Semiconductor Philippines Corp., which is set to debut on the stock exchange in December, will embark on aggressive expansion program…
Maybank eyes strong domestic growth drivers to help PHL outperform ASEAN-5 League in ’14 & ‘15
By Joann Santiago MANILA, Oct. 20 (PNA) — The Philippines is projected to post the highest growth among ASEAN-5 economies this year and the next as domestic demands remain strong and issues…