Business

Net capital flows to emerging markets in 2015 will be negative for the first time since 1988, the Institute of International Finance (IIF) said in a report. 

Globe Telecom Inc. has signed a 10-year, P5-billion and seven-year term loan with Metrobank, which it intends to use for capital expenditures (capex). 

By Riza Lozada Postharvest losses of the fishery sector is estimated at P20 billion a year, but this can be mitigated through the strict implementation of the Republic Act 10654 that limits commercial fishing, Dennis Calvan, executive director of NGOs (non-governmental organizations) for Fisheries Reform Inc., said. 

Subic Bay International Container Terminal Corp. (SBITC), a unit of global port operator International Container Terminal Services Inc.(ICTSI), recently received and commissioned three new reach stackers and 16 new Kalmar Ottawa terminal tractors. 

Banks in the Asia-Pacific region appear fairly well-padded against recent currency depreciations, according to a report, titled “Asia-Pacific Banks Seem Sufficiently Cushioned Against Currency Depreciation,” that Standard & Poor’s Ratings Services (S&P) recently released.

By Jerry Maglunog China’s yuan, now the world’s sixth most traded currency, is just a matter of months away from becoming the fifth unit in the special drawing rights (SDR), which will make it a currency acceptable for global use.

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.