Business

Washington—Sen. John McCain, who seems to revel in the occasional lonely crusade, is now taking on America’s maritime industry and the longstanding law barring foreign-built ships from transporting goods within the United States.

Washington—The job market remains a frustrating place for America’s 9 million unemployed—perhaps more so as hiring has accelerated along with job postings.

Riza Lozada The government, through the Department Of Trade And Industry (DTI), is looking at the standardization of indigenous products to compete in the Asean integrated market.

The government is considering .the use of drones or remote-controlled air vehicles to monitor key projects as a show of determination of the Aquino administration to assure the people that public funds are well spent, Budget Secretary Florencio Abad said.

Economic officials and business leaders believe the country no longer deserves to be branded the “sick man of Asia” after its economy grew more than 6 percent for a third consecutive year.

Foreign trade groups are backing efforts in Congress to open local investment houses to foreign capital. Investment houses are currently among sectors in local business that the Constitution restricts foreign capital to 40 percent at most.

The Philippines is considered among the biggest beneficiaries of falling crude which just recently passed a record low of below $50 per barrel. The low oil prices will support the growth momentum of the country that momentarily slowed down as a result of stalled public spending that was believed to be the backlash of a Supreme Court ruling that declared …

Riza Lozada (Conclusion) “Rationalizing fiscal incentives is good economics’, but poor politics,” Diokno said. “Why can’t the Aquino III administration that is committed to the ‘straight path’, to doing what is right, do the right thing?” he asked.

Mass-housing proponent 8990 Holdings Inc. booked a 74-percent increase in net income for the third quarter to P1.02 billion from P589 million a year ago on the back of a sustained 60-percent gross and a 45-percent net margin for the past three quarters. 8990 is traded in the PSE under the ticker name House.

Jonathan Fahey New York—At some point this will end, perhaps even soon. The price of gasoline will not fall to zero.