MANILA, Sept. 1 (PNA) — Strong demand for SM Prime Holdings’ (SM Prime) initial retail bond offering made the company hike to PHP 20 billion from PHP 15 billion its issuance Monday….
Category: Business & Economy
Pangasinan capitol goes ‘paperless’ in salary system
LINGAYEN, Pangasinan, Sept. 1 (PNA) — The provincial government of Pangasinan has gone paperless with its automated teller machine (ATM)-supported payroll system. This was after Governor Amado Espino Jr. led the inauguration…
Resolve problems first before Sicogon development- Tupas
By Edwin L. Terrecampo ILOILO CITY, Aug.30(PNA)- In a brief but no-holds barred media interview, Iloilo 5th District Representative Niel “Jun-Jun” Tupas, Jr. on Friday, made it clear that hehas nothing against…
BOC collects P4.7M from auction of over 600,000 kilograms smuggled garlic
MANILA, Aug. 30 (PNA) — Some P4.7 million was generated by the Bureau of Customs (BOC) from the auction of an estimated 676,350 kilograms of smuggled garlic seized in June 2014. In…
Peso recovers, stocks down
By Joann Santiago MANILA, Aug. 29 (PNA) — The Philippine peso recovered to a US dollar after dipping a day ago while the local bourse ended the week on the red still…
Bank lending expands further in July
MANILA, Aug. 29 (PNA) — Outstanding loans of commercial banks, net of reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas (BSP), grew at a faster rate of 21.8 percent in…
Cebu beauty products maker invests P50M on new plant as demand rises
CEBU CITY, Aug. 29 (PNA) — Cebu-based beauty care product maker GT Cosmetics Manufacturing is investing P50 million on a new soap plant in the northern Cebu town of Liloan in preparation…
PHL government sustains rise in revenues in July ‘14
By Joann Santiago MANILA, Aug. 29 (PNA) — The government’s revenue collection sustained its rise in July 2014 when it increased by 15 percent year-on-year to P166.7 billion from the P144.6 billion…
Q3 ’14 business sentiment remains upbeat –BSP survey
By Joann Santiago MANILA, Aug. 29 (PNA) — Business confidence in the Philippines in the third quarter of 2014 remains positive despite additional concerns among the business sector. The result of the…
BIR padlocks popular food establishment in Manila
MANILA, Aug. 29 (PNA) — The Bureau of Internal Revenue (BIR) on Friday closed a popular food establishment in Sta.Cruz, Manila for violating the provisions of the National Internal Revenue Code of…
BSP eyes possible breaching of full-year inflation target in August ‘14
By Joann Santiago MANILA, Aug. 28 (PNA) — Faster rate of price increases of some food items and power rates due to weather-related factors were projected to make the August 2014 inflation…
Cebu bridge cities’ mayors report robust economic growth
CEBU CITY, Aug. 28 (PNA) — The mayors of Cebu’s so-called “bridge cities,” Mandaue and Lapu-Lapu, have reported robust economic growth in their respective cities over the past 12 months. Mandaue and…
Profit-taking rules local bourse, currency trading
MANILA, Aug 28 (PNA) — The government on Friday reported an improvement in Philippines’ output but the peso and the local bourse posted losses after investors took profit. The Philippine Stock Exchange…
RCBC ends offer period for re-opened Tier 2 Note
MANILA, Aug. 28 (PNA) — Strong demand for Rizal Commercial Banking Corporation’s (RCBC) re-opened 10-year unsecured unsubordinated Tier 2 Notes made the bank close the offer period for the debt paper Thursday,…
PSE updates its index composition
MANILA, Aug. 27 (PNA) — The Philippine Stock Exchange (PSE) announced that effective September 15, 2014, Emperador, Inc. (EMP) will be a member of the 30 stock PSE index (PSEi), replacing Philex…