Business

Hong kong—The Hong Kong Special Administrative Region (SAR) government welcomed a cap on trips to Hong Kong by residents of neighboring Shenzhen city and vowed to continue curbing cross-boarder parallel trading.

India’s ministry of finance has decided against imposing safeguard duties on cold-rolled flat stainless-steel products imported from viet nam and some other countries, according to the viet nam competition authority.

By Jerry Maglunog There are 82 airports in the Philippines, but only less than 10 are earning, according to the Civil Aviation Authority of the Philippines (Caap).

The Board of Investments (BOI) focused on industries and jobs intensive industries under the released guidelines for the 2014-2016 Investment Promotions Plan (IPP).

By Riza Lozada Tata Motors Philippines is revving up its bid to become a leading passenger vehicle brand in the country with its Indian bestseller Indigo, which the carmaker claims to be among the most cost- and fuel-efficient cars in the market.

Conglomerate Ayala Corp. is boosting its new portfolio of businesses in power generation and transport infrastructure as it targets ramping up profit to P20 billion at least in the next two years.

The San Fernando Regional Trial Court in La Union sentenced to a maximum of 20 years in prison the manager of a security agency for failing to pay the Social Security (SS) contributions of his security guards.

The disbursement of Official Development Assistance (ODA), or low-cost bilateral funds for government projects and programs, tripled in the fourth quarter of last year compared to the same period the year before, National Economic and Development Authority (Neda) figures showed.

Riza Lozada The local credit card industry, which has been growing an average of five percent a year for the past 35 years, is aggressively pushing for implementation of the centralized credit information database as well as the national identification system to realize bigger growth rates.

Jerry Maglunog There is a clamor among officials of the Bangko Sentral ng Pilipinas (BSP) that they get immunity from suit during the painful process of putting a distressed bank under the receivership of the Philippine Deposit Insurance Corp. (PDIC).