Business

Athens, Greece—With a deadline just hours away to come up with a detailed economic reform plan, Greece requested a new three-year rescue from its European partners as signs grew its economy was sliding toward freefall without an urgently needed bailout.

The Philippine Stock Exchange index (PSEi) is expected to close the year between the 8,000 and 8,300 level on the back of the country’s strong macroeconomic fundamentals, even amid its roller-coaster ride.

The market outlook for postpaid mobile cellular service is growing with more bundled value-added services at economical costs.

Globe Telecom has emerged as the No. 1 postpaid brand in the country based on revenue market share, the global metric used in determining market leadership across telcos worldwide.

By Jerry Maglunog As the integration of the Association of Southeast Asian Nations (Asean) is almost here, another proposal that is facing a lot of scrutiny is the single currency similar to the euro in Europe.

By Jerry Maglunog No less than the queen of one of the world’s earliest monarchies has cited the effective national strategy for financial inclusion of the Philippines.

Washington—US employers likely hired at another strong pace in June, a sign that the job market is nearing full health and giving the US Federal Reserve (Fed) reason to raise interest rates as early as September.

Athens, Greece—Greece braced for more chaos on the streets outside its mostly shuttered banks, as Athens and its creditors halted talks on resolving the country’s deepening financial crisis until a referendum set for last weekend.

Beijing—China needs fundamental reform of its state-dominated financial system to keep economic growth on track, the World Bank (WB) said.

The combined net income of companies listed at the Philippine Stock Exchange (PSE) grew 13.9 percent in the first quarter to P158.28 billion, from P138.96 billion in the same period last year. The increase was mostly driven by significant profit gains in the property and services sectors.