CEBU CITY, June 19 (PNA) — The Metro Pacific Investment Corp. (MPIC) of businessman Manny Pangilinan is eyeing the construction of P15-billion toll bridge linking Cebu City and Cordova. Mayor Adelino Sitoy…
Category: Business & Economy
PHL May ’14 BOP reverse to surplus of USD 373-M
By Joann Santiago MANILA, June 19 (PNA) — The Philippines balance of payment (BOP) position last May reversed to positive territory after it turned in USD 373 million surplus from month-ago’s USD…
BSP hikes ’14, ’15 inflation forecasts
MANILA, June 19 (PNA) — The Bangko Sentral ng Pilipinas’ (BSP) policy-making Monetary Board (MB) on Thursday again revised upwards its average inflation forecast for 2014 and 2015 partly due to the…
NEDA Board approves 3 new infra projects
MANILA, June 19 (PNA) — The National Economic and Development Authority (NEDA) Board approved on Thursday three new infrastructure projects amounting to P139.77 billion in a meeting chaired by President Benigno S….
UK opens business center in PHL; eyes to strengthen SME partnerships
MANILA, June 18 (PNA) — The United Kingdom has opened Business Chamber of Commerce Philippines (BCCP) which aims to strengthen connections of British and Filipino businesses particularly small and medium enterprises (SMEs)….
Only P7M left of P47M frozen Napoles’ funds
MANILA, June 18 (PNA) — A bonding company with alleged connections to Janet Lim Napoles has managed to withdraw more than P40 million of the P46.995 million frozen funds. Napoles is the…
Peso, stock market post losses ahead of decision announcement from FOMC, BSP
By Joann Santiago MANILA, June 18 (PNA) — Anticipations on the would-be decision of the US’ Federal Open Market Committee (FOMC) and the Bangko Sentral ng Pilipinas’ (BSP) policy-making Monetary Board (MB)…
BIR May ’14 revenues up 14.6% to P128.27B yoy
By Joann Santigo MANILA, June 17 (PNA) — Collections of the Bureau of Internal Revenue (BIR) sustained its improvement with the May 2014 level rising by 14.63 percent year-on-year. In a statement…
British RE technology players studying opportunities in PHL
MANILA, June 17 (PNA) — British renewable energy (RE) technology providers are now in the Philippines to assess opportunities as the country’s sustained growth needs higher energy requirements in the future. In…
Peso ends sideways, PSEi down on Tuesday
MANILA, June 17 (PNA) — The Philippine peso on Tuesday ended sideways to a dollar but the local bourse posted losses anew ahead of the policy meetings of US and Philippine monetary…
DTI backs PH participation in CommunicAsia 2014
MANILA, June 16 (PNA) — The Department of Trade and Industry (DTI) through the Philippine Trade and Investment Center (PTIC) in Singapore supports the Philippine delegation to CommunicAsia 2014 to further enhance…
April ’14 remittances to PHL up 5.2%
MANILA, June 16 (PNA) — Strong demand for skilled Filipino workers continue to boost remittances sent to the Philippines, data released by the Bangko Sentral ng Pilipinas (BSP) Monday showed. Central bank…
Peso, PSEi down ahead of Fed, BSP policy meetings, ME concerns
By Joann Santiago MANILA, June 16 (PNA) — Risk aversion ahead of the policy meeting of the Federal Reserve and the Bangko Sentral ng Pilipinas (BSP) this week partly caused the weakening…
Policies urged to offset prices of locally made and imported vehicles
MANILA, June 16 (PNA) — Japan has urged the country to look into offsetting price gaps of locally made vehicles and imported vehicles through policies. Toru Asai, executive director for Automotive International…
FEF suggests other power sources than solar
By Juzel L. Danganan MANILA, June 15 (PNA) — The Foundation for Economic Freedom (FEF) urged the Department of Energy (DOE) to consider other alternative solutions which are possible and less expensive…