Business

Washington—The head of the International Monetary Fund (IMF) has said global growth will likely be weaker this year as the world economy confronts a host of problems, including a refugee crisis in Europe, an economic slowdown in China and a pending rise in US interest rates.

Lisbon, Portugal—When two Chinese companies appeared among the bidders to buy a troubled Portuguese bank this year, its staff took heart.

By Riza Lozada The Philippine Exporters Confederation Inc. (Philexport) sought from the Philippine National Police (PNP) clear rules on the securing of permits for the importation and distribution of regulated chemicals. 

The Market Monitor salutes the contributions to the Philippines industrial landscape, of one of the pillars of the construction industry – the late Felipe F. Cruz Jr., who, unknown to many, subscribed to the wisdom of Abraham Lincoln. 

By Jerry Maglunog The power sector and infrastructure remain the most promising investment destination in the country because of the huge backlog in power and the continuing increase in population. 

The region’s major multilateral lenders, the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB), have agreed to cooperate to help speed up the development of Asia, mainly through the joint financing of projects.

The Rizal Commercial Banking Corp. (RCBC) has, in more than five decades, provided service excellence to its clients with its wide array of products and services suited to the needs of its diverse clientele. Through the years, RCBC continues its commitment to offer innovative banking solutions that are relevant and beneficial to various market segments. As part of its goal …

Hong Kong—Boeing said Chinese companies have agreed to buy 300 jets and build an aircraft assembly plant in China. The deals, worth about $38 billion, were signed during Chinese President Xi Jinping’s visit to the United States.

Los Angeles—Bob Rand bought his Volkswagen Passat last year for its clean emissions and high gas mileage. He liked the car so much that he convinced his son and a friend to buy one, too.

By Riza Lozada The government and the mining industry were encouraged to adopt international standards in revenue-sharing on mining operations to avoid the prevalence of disputes among players in the local mining industry.