Tuesday, December 11, 2012
Hong Kong-based Energy World Corp. Ltd. is building an impressive power portfolio in the Philippines comprising natural gas facilities and renewable energy power plants, with investments possibly exceeding US$1 billion.
Tuesday, December 4, 2012
Long overlooked as part of the workforce, the Philippines' estimated 2 million domestic helpers will get a minimum wage that will be periodically reviewed and other benefits after a 16-year legislative slog to get the measures through Congress.
Thursday, November 29, 2012
The peso yesterday rose further to break into the 40-to-a-dollar territory on the back of robust remittances and increased appetite among investors for peso-denominated securities.
The Philippines said Wednesday the economy grew 7.1 percent year-on-year in the three months to September, making it the best performer in Southeast Asia and putting it on track to beat its annual forecast.
Monday, November 26, 2012
Eat, drink coffee, play with kids, shop for clothes, try the latest gadgets, visit a book tore, scout for gift items, find a dress, do the grocery shopping, check out new carpentry tools, get a haircut or nail care.
Thursday, November 22, 2012
The Philippine Senate gave final approval on Tuesday to higher alcohol and tobacco taxes intended to raise an extra 40 billion pesos (US$970 million), the first tax measure to be passed under President Benigno Aquino.
Philippine lender Bank of the Philippine Islands said Wednesday it was in talks to acquire local rival Philippine National Bank to create potentially the country's largest financial institution.
Monday, November 19, 2012
Remittances rose further in September, hitting a new monthly high of US$1.8 billion, the Bangko Sentral ng Pilipinas (BSP), the central bank, said.
Wednesday, November 14, 2012
Philippine exports rose at their fastest pace in almost two years in September as the troubled electronics sector recovered and shipments to Japan soared, the government said Tuesday.
Tuesday, November 13, 2012
The Philippine Palace is confident that the Senate will approve by Nov. 19 the "sin tax" bill that would generate a minimum 40 billion pesos in revenue and that Congress will pass a reconciled version before the end of the year.