Business

Feb inflation reverses slowdown; up at 2.5%

March 5, 2015 11:08 pm

Headline inflation picked up pace to 2.5 percent in February from 2.4 percent in January, reversing a five-month slowdown, official data showed on Thursday. Compared with the year-earlier, however, the latest inflation rate decelerated substantially from 4.1 percent. The February … Read more »

PH calls on APEC to strengthen trade, investment links

March 5, 2015 10:57 pm

TAGAYTAY CITY: National Treasurer Roberto Tan urged member economies of the Asia Pacific Economic Cooperation (APEC) at an ongoing meeting to intensify efforts to boost trade and investment as they seek to maintain a high growth trajectory in the region. … Read more »

Reforms must be country-tailored – FSB

March 5, 2015 10:48 pm

PANGLAO ISLAND, Bohol: Members of the Financial Stability Board Regional Consultative Group for Asia (FSB-RCGA) on Thursday stressed the need to consider individual national circumstances in the implementation of agreed international reforms in over-the-counter (OTC) derivatives markets. In a two-day workshop … Read more »

PSEi dips on water rate ruling

March 5, 2015 10:42 pm

The local bourse slipped on Thursday on profit-taking amid confusion about the unexpected rejection of the arbitration claim of Manila Water Co. Inc. (MWC) for an increase in water rates. MWC filed for arbitration in 2013 after the state-owned Metropolitan … Read more »

‘Govt support key to survival of PH uto parts industry’

March 5, 2015 10:39 pm

The Motor Vehicle Parts Manufacturers Association of the Philippines (MVPMAP) on Thursday said the local auto parts manufacturing industry needs government support in the form of a long-delayed Roadmap for the Automotive Industry in order to survive. The sector also … Read more »

PCCI hopes to boost agri sector with Italian trade mission event

March 5, 2015 10:35 pm

The Philippine Chamber of Commerce and Industry (PCCI), the country’s largest business organization, is hosting a business luncheon and business matching session on March 18, 2015, for a trade mission from Italy specializing in the agricultural machinery and services sector, … Read more »

Europe vies for lost mobile glory against Asia, US

March 5, 2015 10:34 pm

BARCELONA: Once a mobile telecom leader, Europe has lost out in recent years to giant companies in Asia and the United States. Now it wants to get back in the race. The battle of the smartphones is now fought between … Read more »

ICTSI net income grows 6% to $182M

March 5, 2015 10:29 pm

PORT operator International Container Terminal Services Inc. (ICTSI) said its 2014 net income attributable to equity holders grew 6 percent to $182 million from $172.4 million in 2013 on the back of strong contributions from its new ports in Mexico … Read more »

Petron files charges vs 8 dealers for ‘dumping’

March 5, 2015 10:28 pm

OIL firm Petron Corp. has filed criminal charges against eight of its former station dealers for illegal “dumping.” Petron said it has evidence that these dealers were getting fuel from illegal sources and then passing them off to unwitting consumers … Read more »

Emperador net income grows 5% to P6.1B

March 5, 2015 10:26 pm

Emperador Inc., the liquor vehicle of businessman Andrew Tan, grew its net income by 5 percent last year to P6.1 billion and said it is on track with its financial targets over the next two years. In a statement, the … Read more »





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