‘Reorient strategy to sustain development’

August 3, 2015 10:49 pm

The Philippines must reorient its economic strategy into one that uses an integrated approach toward sustaining development while mitigating the risk of climate change, an economist from the United Nations urged the country’s socioeconomic planners, pointing to the targets laid … Read more »

BSP urges ATM networks to support e-payment scheme

August 3, 2015 10:47 pm

THE central bank called on automated teller machine (ATM) networks in the country to support the creation of a national retail payment system (NPRS). “I call upon the Bancnet community . . . to give your full support to establish … Read more »

Homebound Filipinos prefer houses to condos

August 3, 2015 10:46 pm

Property portal Lamudi lists top PH locations Many US-based Filipinos looking to buy properties in the Philippines would rather buy houses than condominium units despite the current boom in the condo market, especially if the houses are located in Quezon … Read more »

PPA-controlled ports ready for increased cargo volume

August 3, 2015 10:43 pm

The Philippine Ports Authority (PPA) is confident that ports controlled by PPA are ready to accept increased cargo volume brought about by the lifting of the Cabotage Law, the agency said on Monday. “They have been improving the capacity and … Read more »

Otto Energy starts drilling at SC 55

August 3, 2015 10:41 pm

Australian-based Otto Energy Ltd. (Otto) has started its drilling activity at Petroleum Service Contract (SC) 55 off the coast of Palawan. Otto said the water depth at the Hawkeye-1 exploration well location is 1,788 meters. The programmed total depth for … Read more »

19 sugarcane block farms post 29% increase in productivity

August 3, 2015 10:40 pm

Nineteen pilot sugarcane block farms posted an average increase of 29 percent in farm productivity in crop year 2013-2014 after a year-long participation in the block farming program, the Sugar Regulatory Administration (SRA) reported on Monday. Figures showed the block … Read more »

Lafarge approves asset sale to Holcim, CRH-AEV Group

August 3, 2015 10:36 pm

CEMENT maker Lafarge Republic Inc. has finally approved the sale of its assets to Holcim Philippines Inc. and CRH-Aboitiz in line with the global merger between the Paris-based Lafarge and Switzerland’s Holcim group. In a disclosure to the Philippine Stock … Read more »

SM Prime nearly doubles H1 net income to P18.7B

August 3, 2015 10:30 pm

SY-LED SM Prime Holdings Inc., one of the country’s largest integrated property companies, posted a 90-percent growth in consolidated net income for the first half of the year on the back of strong revenue streams from its diversified property portfolio. … Read more »

MPIC unit shelves $600-M Vietnam toll road project

August 3, 2015 10:28 pm

METRO Pacific Tollways Corp. (MPTC), the tollways unit of the Manny Pangilinan-led conglomerate Metro Pacific Investments Corp. (MPIC), is no longer pursuing a $600-million investment to build toll roads in Ho Chi Minh City, Vietnam. In a press briefing Monday, … Read more »

China manufacturing index hits two-year low – survey

August 3, 2015 10:21 pm

BEIJING: A key gauge of Chinese manufacturing activity plunged to a two-year low in July, an independent survey showed on Monday, the latest data suggesting the world’s second-largest economy faces downward pressure in the third quarter. The final reading of … Read more »



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