PH net external liability narrows

October 3, 2015 3:17 am

The Philippines has reduced international financial liabilities as of the second quarter, but overall it remains a debtor nation, central bank data released earlier this week showed. The international investment position (IIP)—a summary of the country’s stock of financial claims … Read more »

‘Sharp peso depreciation unlikely’

October 3, 2015 3:16 am

The Philippine peso is unlikely to see sharp declines versus the US dollar as the economy’s underlying strengths—outsourcing, remittances and international reserves—will temper volatility, a bank research unit said. “Despite the volatilities in the global currency market, the peso is … Read more »

PLDT downgrade pulls down PSEi

October 3, 2015 3:15 am

SHARE princes fell on Friday as investor sentiment was dampened by fears of a US Fed rate hike, a slowdown in China and a Fitch downgrade for blue chip Philippine Long Distance Telephone Co. (PLDT). The Philippine Stock Exchange index … Read more »

EGCO now 100% indirect owner of Quezon Power

October 3, 2015 3:14 am

THAILAND’s Electricity Generating Public Co. Ltd. (EGCO) now has full indirect ownership stake in Quezon Power (Philippines) Ltd. Co. which owns, operates and maintains a 503 megawatt (MW) coal-fired power plant, transmission line and related facilities in Quezon Province. This … Read more »

AEC challenges for real estate sector

October 3, 2015 3:13 am

Restrictive ownership policies and a lack of market transparency are some of the major hurdles facing an integrated Asean real estate sector, an industry magazine said. Property Report based its list on an analysis by consultancy firm CBRE on the … Read more »

PH signs up for APEC initiative

October 3, 2015 3:12 am

Funding for local energy resiliency projects has been secured from a facility maintained by the Asia Pacific Economic Conference (APEC), an Energy department official said. A total of $100,070, to be used primarily for the staging of workshops and the … Read more »

Digital economy redefining CFO roles

October 3, 2015 3:11 am

The world has gone digital. Music is now digital, and books are trending toward eBooks. GPS devices are disappearing—owing to the smartphone; newspapers are now “old news”; and smartphones are now cameras. Businesses and societies on a whole are interacting … Read more »

IT-BPM issues up at Manila summit

October 3, 2015 3:10 am

GLOBAL industry players will discuss how to make the information technology and business process management (IT-BPM) industry impact stronger and more meaningful to society at the seventh International IT-BPM Summit (IIS) happening on October 5 and 6 at the Marriott … Read more »

Otto Energy receives $21M from BHP Billiton

October 3, 2015 3:08 am

Australia-listed Otto Energy Ltd. has received $21.3 million from BHP Billiton Petroleum in relation to drilling costs for the recently completed Hawkeye-1 drilling operation offshore Southwest Palawan. Otto Energy said the initial payment represents the bulk of the contribution by … Read more »

Complaints are vs SkyCable, not TVPlus

October 3, 2015 3:07 am

GMA Network clarified that the air signal disruptions during the Kalyesere segment of its daily noontime show Eat Bulaga is the subject of its recent complaint filed with the National Telecommunications Commission (NTC) against SkyCable and not against ABS-CBN TVPlus. … Read more »