Business

By Jerry Maglunog With the 2016 presidential elections barely nine months away, it is evident that even international banks are now having a keen interest in the local political landscape. 

Washington—Republican presidential candidate Donald Trump vows to bring back the millions of American jobs lost to China and other foreign competitors if voters put him in the White House.

Athens, Greece—Greece’s prime minister said his country was in the “final stage” of talks for a new bailout, as his left-wing government rejected the idea o  extending the negotiations beyond this month.

Listed mass housing developer 8990 Holdings Inc. is confident of surpassing its P10-billion revenue target this year on the back of new projects and good first-semester financial performance.

More women should be elected to the boards of local companies, House Deputy Majority Leader and Makati City Rep. Mar-Len Abigail Binay appealed to shareholders of Philippine Stock Exchange (PSE)-listed corporations to elect more women to their governing boards.

By Riza Lozada The Joint Foreign Chambers of the Philippines (JFC) lauded the ramping up of public spending by nearly double mainly on infrastructure in the proposed budget for next year. The budget proposal or the National Expenditure Program (NEP) proposed a five percent share of infrastructure spending in the Gross Domestic Product (GDP), which was JFC’s recommendation since 2010 when President Aquino started his term and when spending for infrastructure in …

By Jerry Maglunog As the number of rural banks (RBs) continues to fall, rural bankers said the latest action of the Bangko Sentral ng Pilipinas (BSP) to create the consolidation program for rural banks (CPRB) is very timely.

Lahaina, Hawaii— Trade ministers from a dozen Pacific Rim nations failed to reach a deal on a new trade agreement that would cover nearly 40 percent of the global economy, United States Trade Representative Michael Froman said.

New York—As drivers, shippers and airlines continue to enjoy lower fuel prices, the oil industry is responding to much lower profits with sharp cuts in spending and employment that are hurting economic growth.

Property developer Megaworld Corp. is spending P20 billion to complete 12 new office buildings in Fort Bonifacio within three years that will more than double its office space inventory in the area and create over 100,000 jobs.