MANILA, Aug. 22 (PNA) — Economic managers have planned tax revenue targets of government’s tax collecting agencies up to 2017. The two major revenue agencies are the Bureau of Internal Revenue (BIR),…
Category: Business & Economy
Smart Communications’ data exchange up by 121% in 1H
MANILA, Aug. 21 (PNA) — Smart Communications, Inc. (Smart) saw a 121 percent surge to over 15,000 terabytes (or 15 million gigabyte) of data exchanged through its network for the first half…
Firm sets aside PHP 1.5-B for three resort projects in Cebu, Palawan
CEBU CITY, Aug. 21 (PNA) — The Cebu-based Unchuan Development Corporation, the operator of Cebu White Sands Resort and Spa, will pour PHP 1.5 billion investments on three big-ticket projects starting next…
AGI eyes becoming PHL’s biggest hotel developer by 2020
By Kris M. Crismundo MANILA, Aug 20 (PNA) — Alliance Global Group, Inc. (AGI), a publicly-listed firm led by Andrew Tan, eyes to be the country’s largest hotel developer by 2020 by…
Peso moves sideways, PSEi posts gains
By Joann Santiago MANILA, Aug. 20 (PNA) — A rebound in US’ housing sector along with anticipations on what would be revealed by the minutes of the Federal Open Market Committee (FOMC)…
Globe Telecom’s customer base nearing 45-M
By Azer N. Parrocha MANILA, Aug. 20 (PNA) — Globe Telecom Inc.’s customer base has reached close to 45 million at the end of the first half of the year, a 19…
Rubber exports plunge in first seven months
HA NOI, (PNA/VNS) — Viet Nam exported 451,000 tonnes of rubber worth US$ 832 million in the first seven months of the year, down 10 percent and 32.3 percent in volume and…
Chicago corn, wheat futures up, soybeans down
CHICAGO, (PNA/Xinhua) — Chicago agricultural commodities closed mixed Tuesday, with corn and wheat rising and soybeans falling. The most active corn contract for December delivery gained 0.75 cents, or 0.20 percent, to…
Bluetongue animal disease may spread across Bulgaria by Sept-end: watchdog
SOFIA, (PNA/Xinhua) — Bluetongue disease could spread across Bulgaria by end-September, the Bulgarian Food Safety Agency (BFSA) said Tuesday. Currently, the disease has spread to 241 settlements in 22 regions of the…
SRA issues PHL sugar production policy for CY 2014-15
By Cielito M. Reganit MANILA, (PNA) — The Sugar Regulatory Administration (SRA) on Wednesday issued Sugar Order No. 1, the policy on sugar production allocations for crop year (CY) 2014-15. SRA Administrator…
Imports edge out local produce
HA NOI, (PNA/VNS) — Imported fruit has become increasingly prevalent on supermarket shelves despite being between three times to five times more expensive than domestic produce. New Zealand kiwis, Australian grapes and…
Citibank Japan to withdraw from retail banking business
TOKYO, (PNA/Kyodo) — Citibank Japan Ltd. is arranging to sell its retail banking business as ×Japan’s loose monetary policy has kept interest rates ultra-low and squeezed the bank’s profit margin, industry sources…
Spanish treasury places USD 6B on market
MADRID, (PNA/Xinhua) — The Spanish treasury on Tuesday placed treasury bills to the value of 4.545 billion euros (USD 6.067 billion) on the market, paying lower interest rates than in previous auctions….
British house prices increase by 10.2% in June
LONDON, (PNA/Xinhua) — British house prices increased by 10.2 percent in the year to June 2014, down from 10.4 percent in the year to May 2014, said the Office for National Statistics…
U.S. stocks open higher on upbeat data, earnings
NEW YORK, (PNA/Xinhua) — U.S. stocks opened higher Tuesday, with the Nasdaq Composite Index advancing further into an over 14-year high, as upbeat data suggested benign inflationary pressure and strong housing market…