Business

Lucio Tan and MVP are Victorias’ saviors

July 24, 2014 10:13 pm

WHY are companies that are supposed to be public, being listed on the Philippine Stock Exchange, very secretive about the individual compensation of their top executives? Is it because the Securities and Exchange Commission allows them to simply state the … Read more »

PH slides 3 notches in human development rankings – UN

July 24, 2014 10:10 pm

The Philippines slid three places to the 117th spot in the latest annual ranking of countries’ efforts to improve human development measures, a United Nations Development Program report shows. According to the 2014 Human Development Report (HDR), which reports data … Read more »

Asia’s energy use seen exceeding share of global economy – ADB

July 24, 2014 10:09 pm

The share of developing Asian countries, including the Philippines, in global energy consumption will remain higher than their share of the global economy, Manila-based lender Asian Development Bank’s (ADB) said in a report released this week. ADB’s Independent Evaluation Department … Read more »

Market flat on geopolitical concerns

July 24, 2014 10:07 pm

Local stocks eased on Thursday after a slight gain the day before as geopolitical concerns weighed on the benchmark Philippine Stock Exchange index (PSEi). Despite starting on a positive note early in the trading session, the PSEi retreated by day’s … Read more »

NAIA-3 finally ready for full operations – DOTC

July 24, 2014 10:00 pm

Seventeen years after the Department of Transportation and Communications (DOTC) awarded the concession agreement for the Ninoy Aquino International Airport (NAIA) Terminal 3 project, the modern passenger terminal building may finally be ready for full airline operations on July 31. … Read more »

BCDA invites bids for Villamor Air Base former driving range

July 24, 2014 9:59 pm

The state-owned Bases Conversion and Development Authority (BCDA) announced that it is inviting real estate developers to bid for a 5,000-square meter lot that used to be the driving range at Villamor Air Base in Taguig City. BCDA president and … Read more »

Four nickel miners in Zambales suspended for failing evaluation

July 24, 2014 9:58 pm

The Mines and Geosciences Bureau (MGB) has suspended the operations of four mining companies in Zambales Province due to their unsystematic extraction of nickel ores. In separate letters dated July 15, Regional Director Danilo Uykieng, officer in charge of MGB-Region … Read more »

Canada to fund P400M devt program for farmers

July 24, 2014 9:57 pm

The Canadian government on Thursday said it will provide 10 million Canadian dollars (P400 million) in funding support for a project that will enhance the business management and financial literacy skills of Filipino farmers. The Agribusiness Development project, which will … Read more »

SSS assets expand to P415B

July 24, 2014 9:55 pm

The Social Security System (SSS) said its total assets expanded over the first five months of 2014 to an estimated P415 billion from P385 billion at the end of December 2013. May Catherine Ciriaco, SSS vice president for Management Services … Read more »

Metrobank to raise P20B via LTNCD issue

July 24, 2014 9:54 pm

The Metropolitan Bank & Trust Co. (Metrobank) is set to issue long-term negotiable certificates of deposits (LTNCDs) to raise P20 billion, having secured its board’s approval for the plan, the bank said in a stock exchange filing on Thursday. It … Read more »