Business

GDP forecast up 5.7 – 7.0%

November 26, 2014 9:09 pm

Analysts offered mixed views on growth in the Philippine economy in the third quarter ahead of today’s release of official data, projecting an expansion in gross domestic product (GDP) of between 5.7 percent and 7 percent. The divergence in expectations … Read more »

PSEi climbs to 2014 high ahead of Q3 GDP data

November 26, 2014 8:58 pm

The local bourse closed Wednesday’s trade at its highest level for 2014 to date, driven by investor optimism for the Philippines’ third-quarter GDP results, due out today (Thursday), and wider bargain-hunting following previous declines. The Philippine Stock Exchange index (PSEi) … Read more »

Most PH property hunters opt to rent

November 26, 2014 8:49 pm

Survey shows 60% cite cost constraints in delaying purchase Can’t afford to buy a home? According to a recent survey by online global property portal Lamudi, you are not alone. Sixty percent of the respondents to the survey in Lamudi’s … Read more »

Increasing the absorptive capacity of rural banks

November 26, 2014 8:47 pm

RURAL banks have proven their contribution to the inclusive growth efforts of the government by having sufficient capital to provide banking services responsive to their clients’ needs and by reaching out to the unbanked and underserved population. By design, rural … Read more »

Small banks may now buy, sell forex – BSP

November 26, 2014 8:46 pm

Small banks may now play a more active role in the remittance business after being authorized by the central bank to buy and sell foreign exchange. In a statement issued on Wednesday, the Bangko Sentral ng Pilipinas (BSP) announced that … Read more »

Meralco, EDC unit sign power supply deal

November 26, 2014 8:44 pm

Leading power distribution utility Manila Electric Co. on Wednesday entered into a power supply agreement with Bacman Geothermal Inc. (BGI) to ensure sufficient electricity in Meralco franchise areas. BGI, a wholly owned subsidiary of Energy Development Corp. (EDC), owns and … Read more »

Govt urged to tap big housing developers to solve backlog

November 26, 2014 8:41 pm

TO fully address the country’s mass housing backlog, the government should tap the expertise and resources of giant real estate developers, according to an industry leader. Edgar Saavedra, president and chief operating officer of Megawide Construction Corp., made the suggestion, … Read more »

IMI to expand medical electronics business

November 26, 2014 8:39 pm

INTEGRATED Micro-Electronics Inc. (IMI) is looking at the medical electronics market to expand its product portfolio, as it scales up operations in leading segments such as automotive and telecommunications. “We are already embedded in the markets that we want. Now, … Read more »

US economy grew robust 3.9% in third quarter

November 26, 2014 8:34 pm

WASHINGTON, D.C.: Growth in the US economy in the third quarter was far stronger than thought, official data showed on Tuesday, further distancing the United States from the ailing eurozone and Japan. The world’s largest economy clocked a 3.9 percent … Read more »

Say cheese, Philippines

November 26, 2014 8:30 pm

Over the next few days a couple of weighty topics will occupy the business pages. Later today the government will release the third-quarter GDP figures, and the results of today’s much-anticipated meeting of OPEC (Organization of the Petroleum Exporting Countries) … Read more »







Columnists

Say cheese, Philippines

ROUGH TRADE

Growing the economy from the bottom up

VIEWS FROM A BRIT

Deteriorata

Pretensions

MANAGING FOR SOCIETY