Business

‘Big PH banks to post strong revenue growth’

July 22, 2016 8:53 pm

The Philippines’ biggest banks may expect to post steady recurring revenue growth going forward as they continue to operate in a stable economic environment, strengthened further by sustained remittance flows and positive post-election consumer and business sentiment, debt watcher Fitch … Read more »

Q2 headline inflation rises to 1.5%

July 22, 2016 8:52 pm

Headline inflation rose to 1.5 percent in the second quarter of 2016 on upticks in food and non-food items. The rate remained subdued as the year-to-date average stood below the government’s target range of 2-4 percent for the year, the … Read more »

US warns against currency devaluation ahead of G20

July 22, 2016 8:51 pm

ATHENS: US Treasury Secretary Jacob Lew on Thursday called on top economies to refrain from competitive currency devaluations. It was apparently directed at China, which hosts a G20 finance ministers’ meeting this weekend. “The global outlook . . . underscores … Read more »

Banks tighten lending rules for firms

July 22, 2016 8:50 pm

Banks tightened their lending standards for firms during the second quarter of 2016 but maintained their rules for household loans, the Bangko Sentral ng Pilipinas (BSP) reported on Friday. Based on the central bank’s Second Quarter 2016 Senior Bank Loan … Read more »

6 industry clusters double domestic sales in 2015

July 22, 2016 8:50 pm

SIX priority industry clusters of the Department of Trade and Industry (DTI) more than doubled their investments and domestic sales last year compared with the previous year, exceeding expectations and creating 67,110 jobs. In a statement, the DTI through its … Read more »

SteelAsia to invest $600M in doubling rebar capacity

July 22, 2016 8:49 pm

Manufacturing Corp., the largest steel bar or rebar manufacturer in the Philippines, will spend $600 million in four steel mills to double its current rebar production capacity and produce new steel products to meet strong domestic demand amid a booming … Read more »

Akamai urged to include PH mobile internet in report

July 22, 2016 8:48 pm

Globe Telecom calls on Akamai to include the mobile internet results for the Philippines in its quarterly State of the Internet (SOI) report in reaction to the first quarter results released recently where the country’s internet performance was once again … Read more »

Jollibee eyes Europe entry in 2017

July 22, 2016 8:47 pm

HOMEGROWN fast food giant Jollibee Foods Corp. (JFC) on Friday said it is looking at breaking into the European market “hopefully” by next year to cater to the overseas Filipino workers (OFW) in that continent. JFC, ranked the 9th biggest … Read more »

PH stocks ease; market remains strong

July 22, 2016 8:46 pm

SHARE prices on the Philippine Stock Exchange eased on Friday as investors began taking advantage of the 15-month high the market reached the day before. However, turnover was low at P7.75 billion compared with Thursday’s P10.4 billion. The benchmark Philippine … Read more »

Developers renew push for affordable housing bill

July 22, 2016 8:46 pm

A NATIONAL organization of developers has renewed its call for a bill creating a home financing program for income-earning Filipinos even if they are not members of any of the state- run pension or provident funds. In a statement, the … Read more »
















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