For Many Filipinos, Jobs and the Good Life Are Still Scarce
Source: International Herald Tribune
Manila :: Philippines | updated 2013-06-19 05:44:25 -0700 | business-news
At his vegetable stand on a busy street in the Philippine capital, Lamberto Tagarro is surrounded by gleaming, modern skyscrapers, between which a river of luxury vehicles flows. The Philippines is the rising tiger economy of Asia, Mr. Tagarro said...Mr....
LT Group claims losing 40% in tobacco sales to illicit cigarettes
Source: GMA News
Manila :: Philippines | updated 2013-06-19 01:42:50 -0700 | business-news
Our main concern is the tobacco business, president Michael Tan, told reporters after the company's stockholders' meeting in Taguig City's Global City. There was a significant rise in excise tax beginning January 1 this year...We have also seen the...
'Hot money' outflow not destabilizing, says economic chief
Source: GMA News
Manila :: Philippines | updated 2013-06-18 23:01:13 -0700 | business-news
Hot money' outflow not destabilizing, says economic chief A healthy payments position and a more domestic driven economy will cushion the impact of capital flight in terms of portfolio money amid speculations that the US will taper off its economic...
P1.5T lost to traffic jams in 10 years — NCTS study
Source: GMA News
Manila :: Philippines | updated 2013-06-18 21:39:00 -0700 | business-news
Epifanio Delos Santos Avenue) daily, the cost is palpable. Two hours in traffic consumes a lot of gasoline, according to a truck driver interviewed Wednesday on GMA News TV's News to Go. You can't turn the engine...
2013 PHL output to exceed 7% — NEDA's Balisacan
Source: GMA News
Manila :: Philippines | updated 2013-06-18 21:38:58 -0700 | business-news
National Economic Development Authority) director general, said the services sector will stay robust and buoyed by tourism and business process outsourcing and industries. "Continued growth" in private and public construction and manufacturing expansion will also support output for this...
BOC loses bid to reverse dismissal of case vs Pilipinas Shell
Source: Inquirer.net
Manila :: Philippines | updated 2013-06-19 01:49:26 -0700 | business-news
In a two-page resolution dated June 3, the appeals court 9 th division denied the motion for reconsideration filed by the government for failure to present new arguments that would warrant a reversal of their earlier decision. After carefully considering...
Rural, cooperative banks incur higher 2012 NPL ratios on typhoons — Bangko Sentral
Source: GMA News
Manila :: Philippines | updated 2013-06-18 09:08:19 -0700 | business-news
Rural, cooperative banks incur higher 2012 NPL ratios on typhoons Bangko Sentral June 18, 2013 2:21pm The bad or non-performing loans (NPL) of rural and cooperative banks accounted for 11.57 percent of the sector's P127.47-billion loan portfolio as of end-2012,...
PHL shares open higher as rebound continues
Source: GMA News
Manila :: Philippines | updated 2013-06-18 02:19:24 -0700 | business-news
Calaycay noted that trades will continue to be subdued in the next two sessions, until the Fed releases minutes of its meeting on Tuesday and Wednesday (Wednesday and Thursday in Manila). "We may see some more enterprising investors place...
US stocks jump ahead of Fed meeting
Source: Inquirer.net
Manila :: Philippines | updated 2013-06-17 18:44:36 -0700 | business-news
US stocks were up Monday because investors think Fed leaders will determine that the economy isn't recovering fast enough, and expectations mounted that it will make no sharp changes to its economic stimulus. Monday a day before the Federal Reserve...
SDA easing cycle over
Source: Business World
Manila :: Philippines | updated 2013-06-17 10:28:24 -0700 | business-news
Bangko Sentral ng Pilipinas' (BSP) special deposit accounts (SDA) is over after interest rates on the facility were kept unchanged last week, Citi said. "We... Monetary Board's decision as a signal that existing monetary accommodation is sufficient to mitigate...
PH stocks bounce back to 6,339.41, await US Fed Reserve move on bond-buying
Source: Inquirer.net
Manila :: Philippines | updated 2013-06-17 06:47:44 -0700 | business-news
Philippines Most local stocks firmed up for a second session in the row as regional markets stabilized ahead of a crucial US Federal Reserve open market committee meeting this week. The main-share Philippine Stock Exchange index gained 97.15 points or...
Remittances grew faster in April — Bangko Sentral
Source: GMA News
Manila :: Philippines | updated 2013-06-17 09:25:44 -0700 | business-news
Remittances grew faster in April Bangko Sentral June 17, 2013 7:23pm Cash remittances recovered in April after a slowdown the month previous, Bangko Sentral ng Pilipinas data released Monday showed. Money transfers by Filipinos working and living abroad...
Car sales up 16% in May y-o-y
Source: GMA News
Manila :: Philippines | updated 2013-06-17 10:30:47 -0700 | business-news
Car sales up 16% in May y-o-y June 17, 2013 2:32pm Car importers reported a 16 percent increase in sales in May versus the same month last year on robust sales of light commercial vehicles, Association of Vehicle Importers and...
BIR May collections fall short of target
Source: GMA News
Manila :: Philippines | updated 2013-06-17 10:30:05 -0700 | business-news
In a statement Monday, the BIR said it collected P111.9 billion in tax revenues in May, 2.8 percent less than the goal set for May 2013 of P115.12 billion. The latest collections data, however, is 18.35 percent more than collections...
PHL shares weak ahead of Fed meeting
Source: GMA News
Manila :: Philippines | updated 2013-06-17 01:43:29 -0700 | business-news
Estrella, analyst at AB Capital Securities Inc., told GMA News Online. This is part of the market's anticipation of minutes of Federal Reserve's meeting," she said. Analysts see the market trading narrowly with a downward bias today," she added....
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