Inflation seen easing further to 2% in Q2

May 6, 2015 10:49 pm

HEADLINE inflation is likely to ease further to 2 percent in the second quarter of this year from the first three months due to persistent “disinflation pressures,” ING Bank Manila said in a commentary. Tim Condon, ING Bank Asia chief … Read more »

US March trade deficit balloons to 6-year high

May 6, 2015 10:48 pm

WASHINGTON, D.C.: The US trade deficit swelled in March to a six-year high as imports surged after the end of the West Coast port strike and the dollar stayed strong. The yawning trade gap raised expectations that the initial estimate … Read more »

PH stocks slip to 7,800 on Wall St loss, oil uptick

May 6, 2015 10:47 pm

A two-day advance on the Philippine Stock Exchange (PSE) gave way to profit-taking on Wednesday after Wall Street fell overnight and an uptick in crude oil costs stirred concern over its impact on global consumer prices. The benchmark Philippine Stock … Read more »

NEDA calls for concerted effort to cut poverty

May 6, 2015 10:45 pm

A unit of the National Economic and Development Authority (NEDA) urged the relevant agencies of the government, the private sector and the poor to take a concerted effort to intervene in reducing poverty in the country to the target 18 … Read more »

Gearing toward one strategy for financial inclusion

May 6, 2015 10:44 pm

KEY agencies of the government recently approved a consultation draft for a National Strategy for Financial Inclusion (NFSI), which seeks to provide a framework that would enable both the public and private sectors to take an organized and efficient approach … Read more »

Enfinity Global builds 4 solar plants in PH

May 6, 2015 10:41 pm

BELGIAN firm Enfinity Global, through its subsidiary Enfinity Philippines, is building four solar power projects in the country worth P8 billion, which should generate a combined 100 megawatts (MW) when completed. Gino Van Neer, founder and chief executive officer of … Read more »

MPIC-Mrt 3 project expansion unlikely

May 6, 2015 10:37 pm

Metro Pacific Investment Corp. (MPIC), which owns a controlling stake of 48 percent in Metro Rail Transit Corp (MRTC), said on Wednesday it will not pursue its expansion under the Metro Rail Transit Line 3 (MRT3). “I think the chances … Read more »

5 firms bid for $504-M e-trike project

May 6, 2015 10:35 pm

AT least five local and foreign companies have submitted bids for the supply and delivery of 3,000 units of e-tricycles (e-trike), a priority project of the Department of Energy (DOE). The DOE Special Bids and Awards Committee (SBAC) on Wednesday … Read more »

Davao aspires for world-class tourism services

May 6, 2015 10:02 pm

A union of tourist guides in Davao City has organized a training program for its members to improve tourist services and attract more visitors to the area. Gene Rose Tecson, president of Guide Union for Inbound Destination and Ecotourism (GUIDE) … Read more »

Arran acquires 11% stake in Century Tuna

May 6, 2015 10:01 pm

Arran Investment Private Ltd., a Singapore-based private financial firm, has acquired an 11-percent stake in Century Pacific Food Inc. (CNPF), maker of Century Tuna sardines. It said in a disclosure to the stock exchange it exercised the shares exchange option … Read more »


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