Business

Navigating China’s evolving market

October 31, 2014 9:18 pm

Liberalization presents investment opportunities, challenges China’s measured approach to liberalizing its investment environment is steadily providing greater opportunity for foreign enterprises in the world’s biggest consumer market. However, high costs in some areas, complex regulations, and tight financial controls continue … Read more »

Sept M3 growth slows to 16.2%

October 31, 2014 9:04 pm

Liquidity levels seen moderating further The country’s money supply grew further in September on the back of the domestic economy’s sustained demand for credit, but at a slower pace of 16.2 percent year-on-year compared with the preceding month’s 18.3 percent … Read more »

PH, WB ink $300-M loan for ‘inclusive’ growth

October 31, 2014 9:03 pm

THE government recently signed a development policy loan agreement with the World Bank amounting to $300 million to boost fiscal sustainability and governance transparency in the Philippines, the Department of Finance (DOF) said. In a statement, the finance department said … Read more »

‘Building buffers vital to PH economy’

October 31, 2014 9:01 pm

The central bank said it is keeping a close eye on risks from inflation pressures, market volatility, debt growth, and other factors that could threaten the strength of the Philippine economy, and that building buffers against these potential threats are … Read more »

PH stocks rise above 7,200 after robust US growth

October 31, 2014 9:00 pm

LOCAL stocks finished the week higher above the 7,200-point mark as investors cheered better-than-expected economic data from the United States and positive earnings results from local firms. The Philippine Stock Exchange index (PSEi) gained 44.74 points or 0.62 percent to … Read more »

Aquino reduces IPPs real property tax

October 31, 2014 8:58 pm

WITH the expected energy crisis next year, President Benigno Aquino 3rd has issued an executive order reducing the real property tax for independent power producers (IPPs) operating under the government’s build-operate-transfer (BOT) programs. Aquino signed Executive Order 173, or the … Read more »

Sept bank lending growth accelerates

October 31, 2014 8:50 pm

Driven by production activity Bank lending in the Philippines rose at a faster pace year-on-year in September compared with the rate of growth in August, despite the slowdown in money supply during the period, data from the Bangko Sentral ng … Read more »

Petron cuts LPG prices by P7/kilo

October 31, 2014 8:49 pm

PETRON Corp. has decided to slash its prices of liquefied petroleum gas (LPG) effective 12:01 a.m. on November 1 (Saturday). Petron said the reduction was set at P7 per kilo for Gasul and Fiesta gas, which translates into a P77 … Read more »

Korean firm takes over Angat hydro plant

October 31, 2014 8:48 pm

MORE than four years after it won the bidding for the privatization of Angat Hydroelectric Power Plant (HEPP), Korea Water Resources Corp. (K-Water) on Friday finally took over the operations of the 218-megawatt (MW) facility in Bulacan. Emmanuel Ledesma Jr., … Read more »

DoubleDragon raises P7.4B for expansion

October 31, 2014 8:45 pm

DOUBLEDRAGON Properties Corp. has raised P7.4 billion from the issue of seven-year fixed rate corporate notes for its expansion projects. In a statement, DoubleDragon said it raised the corporate notes issue to P7.4 billion from P6.5 billion because of strong … Read more »







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