Business

BSP sees 2014 BOP deficit at $3.4B

November 21, 2014 8:46 pm

‘Dominant external factors’ to erase surplus The central bank has reversed its forecast for a modest balance of payments (BOP) surplus for 2014 and now expects the country to register a deficit as policy normalization from advanced economies continue to … Read more »

‘Q3 GDP likely slowed to 5.9%’ – Moody’s

November 21, 2014 8:45 pm

The pace of growth of the Philippine economy likely slowed to 5.9 percent in the third quarter of 2014, Moody’s Analytics said in its latest weekly report, comparing the latest period with the second-quarter expansion in gross domestic product (GDP) … Read more »

PH Q4 business outlook upbeat

November 21, 2014 8:44 pm

Turns less positive for Q1 2015 – BES Business sentiment about Philippine economic prospects for the fourth quarter of this year improved from the third quarter but turned less upbeat for the first quarter of 2015, the central bank’s latest … Read more »

PH stocks track Wall St advance

November 21, 2014 8:42 pm

The bellwether stock index finished in positive territory on Thursday, supported by overnight gains on Wall Street. The Philippine Stock Exchange index (PSEi) was up 0.10 percent or 7.23 points at 7,276.18, while the wider All Shares index was 0.17 … Read more »

Asian stocks higher after tough week

November 21, 2014 8:41 pm

HONG KONG: Asian markets mostly rose on bargain-buying on Friday, at the end of a disappointing week that saw Japan plunge into recession and a trumpeted Hong Kong Shanghai exchange link-up fall flat. The yen made some inroads against the … Read more »

ADB lends $350M to upgrade Indian roads

November 21, 2014 8:39 pm

MANILA, Philippines: The Asian Development Bank (ADB) has approved a $350 million loan to upgrade district roads in India’s Madhya Pradesh state in a project which will tackle an important link in road improvements. “Madhya Pradesh, India’s second largest state, … Read more »

DOE unsure about using Malampaya fund for ILP

November 21, 2014 8:38 pm

The Department of Energy (DOE) on Friday expressed apprehensions about using the Malampaya fund to subsidize the Interruptible Load Program (ILP), one of the measures the government is eyeing to avert an expected power shortage next year. Energy Secretary Carlos … Read more »

NGCP completes new switchyard in Laoag

November 21, 2014 8:36 pm

POWER grid operator National Grid Corp. of the Philippines (NGCP) has completed its new switchyard in Laoag Substation, Barit, Laoag City in Ilocos Norte Province. Situated on a 3.5-hectare lot, the substation has a new 230-kilovolt (kV) switchyard, two 300- … Read more »

SEC clears IMI share sale, Filinvest Land’s bond issue

November 21, 2014 8:35 pm

(Reposted to correct the word “placement” to “offering” in the third paragraph) The Securities and Exchange Commission (SEC) on Friday said it has approved the fund raising petitions of Ayala-led Integrated Micro-Electronics Inc. (IMI) and Filinvest Land Inc. (FLI). Approved … Read more »

AirAsia injects $55M into PH unit

November 21, 2014 8:33 pm

MALAYSIA’S AirAsia Bhd, one of the largest budget carriers in the region, has extended a $55-million (P2.5 billion) loan to AirAsia Philippines Inc. to finance the local unit’s business operations next year. AirAsia Philippines is 40 percent-owned by AirAsia Bhd. … Read more »







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