MANILA, July 21 (PNA) — Pilipinas Shell Petroleum Corporation (PSPC), Petron Corporation, Chevron Philippines Incorporated (CPI) and PTT Philippines will implement a rollback on their gasoline prices by 30 to 35 centavos…
Category: Business & Economy
PHL banking system now more ready for regional integration — BSP
By Joann Santiago MANILA, July 21 (PNA) — The Philippines’ banking system along with several other industries are now better positioned to face that ASEAN integration, which will commence in 2015, following…
Philippine MSMEs will thrive in 2015 ASEAN integration — DOST
By Juzel L. Danganan MANILA, July 21 (PNA) — Philippine micro, small and medium enterprises (MSMEs) will thrive in the 2015 integration of the Association of South East Asian Nations (ASEAN), according…
AFAB exceeds full-year 2013 investment approvals in 1H 2014
By Kris M. Crismundo MANILA, July (PNA) — The Authority of the Freeport Area of Bataan (AFAB) has exceeded its investments approval in full-year of 2013 in span of six months this…
Allowing full entry of foreign banks seen to boost PHL economy
By Leslie D. Venzon MANILA, July 20 (PNA) — The Philippines expects the full entry of foreign banks can accelerate the growth of the economy especially amidst next year’s ASEAN economic integration,…
Philexport backs institutionalizing Credit Surety Fund
By Kris M. Crismundo MANILA, July 19 (PNA) — The Philippine Exporters Confederation Inc. (Philexport) supports the bill of Senator Bengino Paolo “Bam” Aquino IV of institutionalizing the Credit Surety Fund (CSF)…
PCCI appoints services, IT CEO as head of Philippine Business Conference
MANILA, July 19 (PNA) — The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business organization, announced Saturday the appointment of George T. Barcelon as chairman of the 40th Philippine…
Remittances to PHL up 5.4% in May ‘14
MANILA, July 15 (PNA) — Cash remittances that Filipinos abroad sent home in May 2014 continue to surpass the full-year target of five pecent after it went up by 5.4 percent year-on-year…
Peso down vis-à-vis Yellen’s Congressional speech, PSEi recovers
MANILA, July 15 (PNA) — Combination of uncertainties on the speech of Federal Reserve Chairman Janet Yellen before US lawmakers this week along with possible impact of Typhoon Glenda on the economy…
Cosco Capital Inc to purchase 90 percent of Liquigaz Philippines Inc
MANILA, July 15 (PNA) — The Cosco Capital Inc will enter the gas industry with a bang, after announcing the upcoming purchase of the 90 percent stake of Liquigaz Philippines Inc. According…
Online stock market accounts grow by 65% in 2013
MANILA, July 14 (PNA) — The annual Stock Market Investor Profile study of the Philippine Stock Exchange showed that the number of online accounts in the Philippine Stock Market grew by a…
Oil companies to implement widespread rollback of 95 centavos
MANILA, July 14 (PNA) — Pilipinas Shell Petroleum Corporation (PSPC), Petron Corporation and Chevron Philippines Inc (CPI) will implement a widespread rollback of 95 centavos per liter on all their oil products…
Electronics sector employs highest among manufacturing establishments, census says
By Kris M. Crismundo MANILA, July 11 (PNA) — The electronic components industry has employed highest number of personnel among manufacturing establishments, Philippine Statistics Authority (PSA) 2012 Census of Philippine Business and…
Davao power firm optimistic to meet future huge demand of power supply
DAVAO CITY, July 11 (PNA) – The Aboitiz-owned Davao Light and Power Company is optimistic it will meet the future demand for power supply with the entry of many locators and investments,…
Meralco July ’14 generation, transmission charges up
MANILA, July 10 (PNA) — The Manila Electric Company’s (Meralco’s) generation and transmission charges will increase the July 2014 bills of 200-kilowatt hour (kWh) households by about Php6. In a statement Thursday,…