Economy

Riza Lozada The Philippines is being groomed as a model country for mobilizing funds to address climate risks. A World Bank (WB) report stated that the country is home to 16 provinces considered among the top 50 places in Southeast Asia that are vulnerable to sea level changes.

Riza Lozada Trade chambers led by the American Chamber of Commerce in the Philippines have sought  a  long  term  roadmap  that  will  enable  the  Philippines  to  move  up  the  global  business  and  competitiveness  ladder particularly  with  the  advent  of  ASEAN  integration  and  forthcoming  foreign trade agreements (FTAs)  such  as  the  Trans  Pacific  Partnership  (TPP).

Riza Recio Asia-Pacific Economic Cooperation (APEC) member countries can emulate the Philippines initiative on credit surety fund that allows cooperatives to borrow 10 times of their minimum P100,000 contribution, Bangko Sentral Ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo said last Friday during the culminating event of the APEC Finance and Central Bank Deputies’ Meeting after the two-day discussion held in …

Riza Lozada The Philippines does not plan to revise soon its existing rules on bank deposit secrecy, according to the Bangko Sentral Ng Pilipinas (BSP).

Riza Lozada The Mindanao grid is considered power deficient for the second straight month due to plant outages causing millions of pesos in business losses.

Mass housing leader 8990 Holdings Inc. seeks to raise up to ₱9 billion in fresh funds from a retail bond offering to further fund its expansion plans.

Volatilities in the global market remains a normal thing for now due to the looming interest rate normalization in the US on one hand and the implementation of the additional stimulus program in the euro zone and in Japan on the other.

Los Angeles—The leader of the Port of Los Angeles, the nation’s largest, said Saturday it would take three months “to get back a sense of normalcy,” following a labor dispute between dockworkers and employers.

Riza Lozada Pilipinas Shell Petroleum Corp. (PSPC) expects to complete its P6.75-billion refinery upgrade this year to enable the facility to comply with the January 1, 2016, implementation of the Euro IV fuel specification reducing sulfur content in diesel. Company officials said PSPC’s FuelSave gasoline and diesel, which its parent Royal Dutch Shell Plc makes available in 22 countries, is …

Luis Leoncio Port stakeholders have proposed in a report the adoption of permanent and coordinated solutions to prevent a resurgence of the congestion at the Manila ports largely brought about by the Manila truck ban, which the city government lifted last Sept. 13.