Business Headlines

Sun, Mar 14 2010
Better export outlook possible — BSP official

Better export outlook possible — BSP official

The central bank wants the government’s export target this year increased after product sales abroad posted their fastest growth in almost 15 years in January amid the global economic recovery. The revision... 

No Comments | Read More »
Sun, Mar 14 2010
PCCI says nuclear energy to solve power crisis

PCCI says nuclear energy to solve power crisis

MANILA, Philippines – The government should seriously consider tapping nuclear energy to address the power crisis in the country, the Philippine Chamber of Commerce and Industry (PCCI) said on Friday. PCCI... 

No Comments | Read More »
Sun, Mar 14 2010
DBS expects RP to grow 4.5% this year

DBS expects RP to grow 4.5% this year

MANILA, Philippines – The Development Bank of Singapore (DBS) expects the Philippine economy to grow by 4.5 percent this year, above the official forecast of 2.6 percent to 3.6 percent. DBS said... 

No Comments | Read More »
Fri, Mar 12 2010
Philippines’ next leader will have to raise taxes

Philippines’ next leader will have to raise taxes

MANILA, Philippines – The country’s next president will have to turn his back on populist promises made during the campaign and raise taxes sooner rather than later to prevent a financial crisis... 

No Comments | Read More »
Mon, Feb 15 2010
OFW inflows hit record $17.35 billion in 2009

OFW inflows hit record $17.35 billion in 2009

Also in: Hot News

MANILA, Philippines – Money sent home by overseas Filipino workers (OFWs) hit a new monthly record high of $1.567 billion in December, enabling the Bangko Sentral ng Pilipinas (BSP) to register a... 

No Comments | Read More »
Wed, Feb 10 2010
RP may import more rice due to El Niño

RP may import more rice due to El Niño

The government may import more rice as the projected dry spell brought by El Niño affects production, Agriculture Undersecretary Bernie Fondevilla said on Wednesday. He said the interagency committee... 

No Comments | Read More »
Tue, Feb 9 2010
Tax court gives go-signal to seize Shell’s P43-B imports

Tax court gives go-signal to seize Shell’s P43-B imports

MANILA, Philippines – The Bureau of Customs (BOC) can now proceed with the seizure of imported raw materials of Pilipinas Shell Petroleum Corp. after the tax court did not favor the country’s... 

No Comments | Read More »
Mon, Feb 8 2010
PNB income up 100% in 2009

PNB income up 100% in 2009

MANILA, Philippines – The Philippine National Bank (PNB) has reported an unaudited net income of P2.2 billion, or double the P1.1-billion reported in 2008. “Strong gains in its core businesses,... 

No Comments | Read More »
Fri, Feb 5 2010
Philippine inflation eases to 4.3% in Jan

Philippine inflation eases to 4.3% in Jan

MANILA, Philippines – Philippine annual inflation eased in January, the first time in 5 months, the National Statistics Office reported on Friday. The headline inflation rate decelerated to 4.3%... 

No Comments | Read More »
Tue, Feb 2 2010
Gov’t flip-flopping stand on Shell will turn off investors — JFC

Gov’t flip-flopping stand on Shell will turn off investors — JFC

The Joint Foreign Chambers (JFC) has joined other business leaders who have criticized the government for its flip-flopping stance on Pilipinas Shell Petroleum Corp.’s alleged P7.3-billion tax deficiency. In... 

No Comments | Read More »
Previous Articles