Business

BSP hikes banks’ required minimum capital

October 20, 2014 6:26 pm

THE Monetary Board of the central bank has decided to raise the minimum capital requirements for banks to comply with Basel 3 regulations and further strengthen the financial system. The Bangko Sentral ng Pilipinas (BSP) said in a statement on … Read more »

‘Money supply to continue easing’

October 19, 2014 9:08 pm

The central bank is optimistic that growth in the country’s money supply will continue to moderate, averting a worsening of inflation in the months ahead as the recent series of monetary policy actions take effect in mopping off excess liquidity … Read more »

New P184B infra projects to sustain PH growth – NEDA

October 19, 2014 9:07 pm

THE government’s newly approved infrastructure projects, costing about P184.4 billion, will contribute significantly to the infrastructure investment needed to sustain the country’s economic growth and make it inclusive, state economic planners said. “The transportation and port projects will improve the … Read more »

Higher on bargain-hunting, capped by caution

October 19, 2014 9:07 pm

PHILIPPINE stocks are likely to trade higher this week, with some bargain-hunters seen returning to the market after several weeks of declines due to weak global market sentiment. In a weekly market outlook, BPI Asset Management said that the Philippine … Read more »

IMI to double profits in 2014, gears up for higher growth in 2015

October 19, 2014 9:06 pm

    Ayala-led Integrated Microelectronics Inc. (IMI) is focusing on a hundred percent growth in profits this year as it gears up for its expansion and consolidation of local operations to improve efficiencies for next year.   IMI is set … Read more »

DOTC study: TriNoma ‘slightly better’ site for common station

October 19, 2014 9:06 pm

TRINOMA is the “slightly better” location. That is the result of an initial study conducted by a Japanese group hired by the Department of Transportation and Communications (DOTC) to look into the contentious issue of where the common station for … Read more »

PH agribusiness ready for AEC in 2015 – Alcala

October 19, 2014 9:05 pm

Department of Agriculture (DA) Secretary Proceso Alcala said the government has come up with a roadmap to prepare the agribusiness sector for the Asean Economic Community (AEC) in 2015. Speaking at the Local Government Academy-organized forum “Asean Economic Integration: The … Read more »

EDC secures $315-M loan for wind project

October 19, 2014 9:04 pm

The Lopez-led Energy Development Corp. (EDC) has secured a $315-million financing deal with separate groups of foreign and local banks for the construction of its 150-megawatt (MW) Burgos Wind Project (BWP) in Ilocos Norte. The financing facility, which consists of … Read more »

PLDT’s TD-LTE network boosts PH connectivity

October 19, 2014 9:04 pm

    PHILIPPINE Long Distance Telephone Co. (PLDT) has expanded its Time-Division Duplex-Long Term Evolution (TD-LTE) network to over 400 cell sites as of September, strengthening its leadership in providing high-speed Internet services to more Filipino homes all over the … Read more »

EPI’s $185-M RE project draws foreign partners

October 19, 2014 9:03 pm

IN response to the government’ call for more investments in renewable energy (RE), foreign pro-environment firms have agreed to take part in the $185-million geothermal facility of local renewable energy firm Emerging Power Inc. (EPI) in Oriental Mindoro. Among those … Read more »










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