Business

Hot money outflow eases

April 24, 2014 9:32 pm

Down to $91.5M in March from $361M in February HOT money flow, or the movement of portfolio investments, in and out of the Philippines in March resulted in a net outflow but at a much slower pace than in February, … Read more »

WB, IMF data vital to poor countries’ policy-making

April 24, 2014 9:31 pm

The National Economic and Development Authority (NEDA) has underscored the need by developing countries for access to expert data from the World Bank and the International Monetary Fund as governments formulate their poverty-reduction policies. NEDA Director General Arsenio Balisacan said … Read more »

DENR shuts down Surigao del Sur mining firm

April 24, 2014 9:29 pm

THE Department of Environment and Natural Resources (DENR) has ordered Marcventures Mining and Development Corp. (MMDC) to shut down its mining operations in Surigao del Sur after it was found to be operating outside the approved area. In a telephone … Read more »

PH shares dragged by Wall St. fall on poor US data

April 24, 2014 9:28 pm

Philippine shares were down for the second straight day as market participants continued to cash in their gains, taking their cue from Wall Street’s fall overnight following weak US housing and earnings data. “Asia continues to take its cue from … Read more »

After 3 years PH moves up to 78th spot in global ICT rankings

April 24, 2014 9:27 pm

After holding on to the 86th spot for the past three years, the Philippines rose  eight notches, now ranking 78th out of 148 countries, in the networked readiness index (NRI) of the World Economic Forum (WEF). The NRI measures the … Read more »

PH furniture industry gets foothold in Asean

April 24, 2014 9:26 pm

THROUGH persistent trade promotion efforts, the Philippine furniture industry continues to strengthen its position as a steady supplier of innovative products for the Association of Southeast Asian Nations (Asean) market, which should augur well for the country’s exports prospects. “We … Read more »

CebuPac Jan-March passengers up 6%

April 24, 2014 9:22 pm

Low-cost carrier Cebu Pacific flew 3.74 million passengers from January to March 2014, an increase of about 6 percent over 3.5 million passengers flown in the same period in 2013. The Gokongwei-led carrier attributed its passenger growth to increased presence … Read more »

Luis J.L. Virata’s P7.83-billion wealth in Nickel Asia

April 24, 2014 9:19 pm

INSIDER trades. Two insiders unloaded some of their Nickel Asia Corp. shares earlier this month. Ma. Angela Go, vice president-internal audit, reduced her stake in the company by selling 30,000 shares in three trades: 10,000 shares at P22.20 each and … Read more »

Flour millers warn of possible smuggling

April 24, 2014 9:19 pm

With the anti-dumping duty now in place, local flour millers on Thursday warned the Bureau of Customs to be on the lookout for smuggled flour. Ricardo Pinca, executive director of the Philippine Association of Flour Millers (PAFMIL), said that“whenever a … Read more »

Asean economic integration: Where do we go from here?

April 24, 2014 9:17 pm

THE forthcoming economic episode in our status as a nation is about to unfold in 2015 (but in fact its full implementation is still in January 2016). The much ballyhooed Asean economic integration (AEI) among 10 Asean nations plus 3 … Read more »