Wednesday, January 28, 2015
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  • PH pushes European trade deal

    PH pushes European trade deal

    The Philippines expects to finally conclude a free trade agreement with member-states of the European Free Trade Association, even as Manila pursues similar deals with South American trade partners. Trade Undersecretary Adrian Cristobal Jr. said the Philippines was working round the clock to put a working...
  • BoC to lose P40b on oil slump

    BoC to lose P40b on oil slump

    The Bureau of Customs said over the weekend it may not reach its collection target this year, as the drop in oil prices in the world market may translate into a reduction of P40 billion in petroleum import duties. Customs Commissioner John Phillip Sevilla said the government would lose around P40 in duties...
  • Hospitality superstars

    Hospitality superstars

    Acacia Hotel Manila general manager Bobby Horrigan was named as one of the Philippines’ ‘hospitality superstars’, a title bestowed by a book author on a group of talented executives in the accommodation sector. Acacia Hotel Manila general manager Bobby Horrigan. The book with the same title,...
  • PH stocks surge to new high

    PH stocks surge to new high

    Share prices surged Friday to propel the benchmark index to a new all-time high after the European Central Bank announced a huge cash injection to kickstart the eurozone economy. The Philippine Stock Exchange Index jumped 132.62 points, or 1.8 percent, to 7,548.93 to eclipse the previous record of 7,490.88...
  • PAL defers 38 aircraft purchases

    PAL defers 38 aircraft purchases

    Flag carrier Philippine Airlines said Thursday it reset the schedule for its refleeting program, as it now expects to complete the acquisition of 38 new aircraft by 2024, or four years behind the original plan. PAL president Jaime Bautista told reporters five Airbus 321 aircraft would be delivered this year,...

All Business

Bloomberry expands to Korea

9 hours ago | 0 comment
Bloomberry expands to KoreaBloomberry Resorts Corp., the gaming company controlled by businessman Enrique Razon Jr., is buying a 12.2-hectare property in South Korea, setting the stage for...

Pure Foods buys out Hormel in Vietnam joint venture

9 hours ago | 0 comment
Pure Foods buys out Hormel in Vietnam joint ventureSan Miguel Pure Foods Co. Inc., the food manufacturing arm of conglomerate San Miguel Corp., said Tuesday it will buy out partner Hormel Netherlands B.V. to...

Imports shrink 10.8% to $5b

9 hours ago | 0 comment
Imports shrink 10.8% to $5bImports fell 10.8 percent in November 2014 from a year ago, the worst drop in 31 months, on lower orders for capital goods and petroleum products, data from the...

Power plant closures may hike rates

9 hours ago | 0 comment
Power plant closures may hike ratesPower distributor Manila Electric Co. on Tuesday expressed concern over the closure of several power plants in January which it said may affect electricity rates...

Cement sales climb 9.6% to 20.2m tons

10 hours ago | 0 comment
Cement sales climb 9.6% to 20.2m tonsCement sales in the country climbed 9.6 percent in 2014 to 20.2 million metric tons from 19.44 million MT in 2013, on the back of healthy growth in construction.

Fatal mis-encounter

10 hours ago | 0 comment
Fatal mis-encounterNo amount of inquiry or investigation can bring back the lives of the Philippine National Police-Special Action Force (PNP-SAF) members who were killed in...

DMCI wins LRT-2 expansion deal

10 hours ago | 0 comment
DMCI wins LRT-2 expansion dealD.M. Consunji Inc. bagged the contract to build the Light Rail Transit Line 2 expansion that will run from Santolan in Pasig City to Masinag in Antipolo, Rizal,...

ING official expects domestic liquidity to slow further

10 hours ago | 0 comment
ING official expects domestic liquidity to slow  furtherThe growth of domestic liquidity in the financial system is expected to continue decelerating in December from the 9-percent expansion in November, easing ...

Turkish flour labeled as Indian commodity

10 hours ago | 0 comment
Turkish flour labeled as Indian commodityThe Philippine Association of Flour Millers Inc. said Tuesday Turkish flour is being brought into the Philippines and passed off as “Indian Flour” to...

Low interest rates cut debt payments of govt

10 hours ago | 0 comment
Low interest rates cut debt payments of govtGovernment debt payments fell again in November last year due to the lower cost of borrowings and reduced state financing after revenues grew by double digits,...

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