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International visitor arrivals hit 568,035 in July, the Tourism department reported, in the process generating P33,55 billion in revenues for the Philippines. “The total visitor receipts in July this year reflect a double-digit growth of 58.22 percent from the previous year’s July expenditures,” the DOT said on Wednesday. Tourism Secretary…

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WASHINGTON: For the first time in years the International Monetary Fund is optimistic about global economic growth. But it sees a new problem: mounting debt in the world’s largest countries. “Debt levels are increasing in G20 economies,” Tobias Adrian, who heads the IMF’s monetary and capital markets division, said Wednesday.…

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WASHINGTON: The International Monetary Fund said Wednesday that the situation for banks in Spain remains unsettled after Catalonia’s declaration of independence from the country. With banks and companies in the economically rich northeastern region hedging their bets over the future of the rebellious region, the IMF said overall the Spanish…

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WASHINGTON: Canadian Prime Minister Justin Trudeau threatened Wednesday to cancel a major arms buy from the US over a tariffs row, as talks on a North American free trade deal got off to a rocky start. Ottawa was set to purchase 18 new Super Hornets fighter jets from Boeing until…

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SINGAPORE: Media company Singapore Press Holdings (SPH) said Wednesday it would cut 230 jobs by the end of the year as it accelerated a plan to lay off staff. Like other media organisations worldwide, SPH’s core newspaper business has been hammered by the proliferation of online publications, with its advertising…

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TELECOM and digital services provider PLDT plans to open a new undersea cable system before the year ends as part of its continued efforts to support the rising demand for high-speed broadband. In a statement, PLDT said the new 25,000-kilometer submarine cable system, called Asia-Africa-Europe 1 Submarine Cable System (AAE-1),…

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THE Securities and Exchange Commission (SEC) has advised investors to exercise caution before investing in certain entities following reports that an SEC-registered company is allegedly enticing the public to invest in the said company. The SEC said it received reports that Pluggle, Inc. claims to have an advertising website wherein…

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AYALA-LED Manila Water Co. Inc. said on Thursday that a consortium led by one of its subsidiaries had formalized a joint venture with the Obando Water District (OWD) for a project in Bulacan. Manila Water informed the local bourse that Obando Water Co., Inc. (OWCHC), a consortium created with unit…

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FILIPINO mobile brand Star Telecom Alliance Resources (STAR) Inc. said it will start selling its Starmobile phones in sari-sari stores and loading stations in various parts of the country. “We will open many distribution channels in the country,” Starmobile Sales and Marketing Head Gerardo Balderrama said in a press briefing…

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A MULTI-MILLION peso Integrated Agro-Food Park (IAFP) to be implemented under public-private partnership (PPP) scheme is set to rise at the Cagayan State University (CSU) in Sanchez Mira town, Cagayan province. The IAFP will be established in a 50-hectare area that will become the first commercial-scale one-stop-site for agricultural production…

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