Business

Brussels—The European Union committed 2 billion euros ($2.15 billion) to help Athens deal with what even EU leaders now call the “humanitarian crisis” hitting Greeks in the wake of the financial crisis that left the nation on the brink of bankruptcy.

The Philippine Stock Exchange (PSE) reported its 2014 net income grew by 2.7 percent to P867.55 million from P844.77 million a year ago.

A bigger proportion of the population or about one in every four Filipinos were considered poor in the first half of 2014 due to government restrictions on rice imports and the lingering effects of a killer typhoon, state data released last Friday showed.

Riza Lozada The Philippines is being groomed as a model country for mobilizing funds to address climate risks. A World Bank (WB) report stated that the country is home to 16 provinces considered among the top 50 places in Southeast Asia that are vulnerable to sea level changes.

Riza Lozada Trade chambers led by the American Chamber of Commerce in the Philippines have sought  a  long  term  roadmap  that  will  enable  the  Philippines  to  move  up  the  global  business  and  competitiveness  ladder particularly  with  the  advent  of  ASEAN  integration  and  forthcoming  foreign trade agreements (FTAs)  such  as  the  Trans  Pacific  Partnership  (TPP).

Riza Recio Asia-Pacific Economic Cooperation (APEC) member countries can emulate the Philippines initiative on credit surety fund that allows cooperatives to borrow 10 times of their minimum P100,000 contribution, Bangko Sentral Ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo said last Friday during the culminating event of the APEC Finance and Central Bank Deputies’ Meeting after the two-day discussion held in …

The bourse index surged to a fresh all-time high last Friday, its 19th record for this year, on the back of good earnings reports and tracking the uptrend in the United States market.

Listed International Container Terminal Services Inc. (ICTSI) reported a consolidated profit of $182 million, up six percent from the $172.4 million profit a year ago.

Jerry Maglunog Most rural banks (RBs) collapse due to mismanagement and cruel dynasty led by kin who run the bank, according to Sen. Sergio Osmena III, chairman of the Senate Committee on Banks and Financial Institutions.

Beijing — China announced a lower economic growth target for this year and promised to open more industries to foreign investors as it tries to make its slowing, state-dominated economy more productive.