Business

PH growth forecast cut to 5.7% – StanChart

July 3, 2015 8:57 pm

Standard Chartered Bank cut its growth forecast for the Philippine economy this year to 5.7 percent from a previous projection of 6 percent largely on account of the slowdown in China’s economic performance. StanChart’s forecast is slower than last year’s … Read more »

Taiwan’s Yuanta acquires Makati thrift bank Tong Yang

July 3, 2015 8:54 pm

The central bank on Friday identified Taiwan-based Yuanta Commercial Bank Co., Ltd. as the fifth foreign bank allowed to operate in the Philippines as part of the liberalization of the local banking sector. Nestor Espenilla Jr., deputy governor at the … Read more »

PH stocks drop on fears of Greek contagion

July 3, 2015 8:53 pm

Share prices were mostly down on the Philippine Stock Exchange Friday as fears of a contagion from the Greek debt crisis weighed on investor sentiment. The benchmark PSEi dropped 0.57 percent o or 43.01 points to 7,535.30 at the closing … Read more »

Peso gains 13 centavos vs dollar on weak US jobs data

July 3, 2015 8:52 pm

The peso closed at its strongest level in two weeks against the greenback on weaker-than-expected US jobs data. The local unit gained 13 centavos to finish at P45.02 to $1 from P45.15 on Thursday. Fridays’s close was the strongest for … Read more »

MRAIL wins MRT-3 power supply maintenance contract

July 3, 2015 8:50 pm

THE Department of Transportation and Communications (DOTC) has awarded the 6-month contract for another maintenance component of the Metro Rail Transit Line 3 (MRT-3) to MRAIL Inc., a subsidiary of power distributor Manila Electric Co. Under the P43.23-million contract, MRAIL … Read more »

Think tank warns vs current PH reliance on coal

July 3, 2015 8:48 pm

THE Philippines needs a strong policy framework to achieve a balanced fuel mix in the power sector, the global energy think tank IHS Inc. has warned, saying the current bias is towards coal-fired generators. In an independent study to assess … Read more »

Do you still do emails and chat by phone?

July 3, 2015 8:47 pm

Are you still using your landline or mobile phone to connect with friends, here and abroad? And in the process incur huge telephone bills? “Telephones are so last century,” says Tony Bingham, president of the Association for Talent Development (ATD). … Read more »

Globe-Bayantel debt-to-equity deal gets NTC nod

July 3, 2015 8:45 pm

THE National Telecommunications Commission (NTC) on Friday approved the acquisition by Globe Telecom Inc. of a 54-percent stake in Bayan Telecommunications Inc. (Bayantel) under a debt-to-equity transaction. “With ample safeguard adopted by the commission to still foster and ensure a … Read more »

SMC, Ayala, Metro Pacific want in on PNR rehab

July 3, 2015 8:44 pm

LEGAZPI CITY: Conglomerates San Miguel Corp. (SMC), Ayala Corp., and Metro Pacific Investments Corp. are interested in the P177-billion rehabilitation of the Philippine National Railways (PNR) as a public-private partnership project, Albay Gov. Joey Sarte Salceda said. The PNR modernization … Read more »

Facebook tests video ads in YouTube challenge

July 3, 2015 8:43 pm

SAN FRANCISCO: Facebook on Thursday (Friday in Manila) confirmed that it is dabbling in video ads and sharing revenue with content creators, in a move that would compete with Google-owned YouTube. An advertising model being tested by the leading online … Read more »






    
    
    
    
    
    
    

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Do you still do emails and chat by phone?

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