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Business

PH still a sweet spot for investors

The Philippines remains a sweet spot for investors, government officials and company executives said during the Euromoney Philippine Investment Forum Monday. Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. said the country is still an attractive investment destination since…

Global stocks mostly fall as oil-linked shares retreat

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World stocks mostly fell Monday on weakness in petroleum-linked equities and as a strong euro weighed on European bourses. Equity markets in London, Paris, Frankfurt and Tokyo all fell, while the S&P 500 and Nasdaq retreated from records in the…

Biz prospects promising

Trade relations between the Philippines and Spain in the areas of transportation, education technology and renewable energy are flourishing and fruitful, Spain's economic attaché said. Pedro Pascual of the Economic and Commercial Counsellor of the Embassy of Spain in Manila…

ADB cites Ph PPP record

The Asian Development Bank (ADB) said the Philippines had a total of 119 projects under public-private partnership (PPP) since the government enacted the Build-Operate-Transfer (BOT) Law in 1990. ADB's PPP Monitor, its first annual report monitoring progress of PPP environment…

6.9% growth attainable -- Diokno

Budget and Management Secretary Benjamin Diokno is optimistic of a 6.9 percent growth of the economy this year following the sustained expansion in the third quarter. “Maybe a 6.9 percent full year growth is attainable,” he said in a briefing…

China offered 3rd telecom carrier slot

President Rodrigo Duterte has offered the People’s Republic of China the privilege to operate the third telecommunications carrier in the country as a means to end the existing duopoly in the vital industry, Malacañang said Monday. Presidential Spokesperson Harry Roque…

China to build $1.6B aluminum plant in Tajikistan

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DUSHANBE, Tajikistan (AFP) - China will build an aluminum factory worth $1.6 billion in ex-Soviet Tajikistan, the Central Asian country's leading smelter said Friday, in a sign of Beijing's increasing influence over the economy of its resource-poor neighbor. China --…

Sustained growth momentum seen

The Philippines is seen to sustain its robust economic growth in the coming years, with gross domestic product (GDP) expansion likely to exceed 6.0 percent annually. IHS Markit Chief Economist for Asia Pacific Rajiv Biswas said the country’s robust economic…

Car sales up 17% in October

Automotive vehicle sales for October 2017 increased by 17.3 percent year-on-year. The Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA), in a joint report released Thursday, said car sales reached 36,511 units in October…

Industry roadmap to globalize local coffee

The Department of Trade and Industry (DTI) is optimistic that with industry support, the country’s local coffee products can join the league of the world’s most competitive coffee brands. DTI Cordillera Regional Director Myrna P. Pablo, National Industry Cluster Coordinator…

Remittances reach $23.2B

Personal remittances from Overseas Filipinos (OFs) reached US$23.2 billion for January to September 2017, registering 4.8 percent year-on-year growth, BSP Governor Nestor A. Espenilla, Jr. announced yesterday. Personal remittances from land-based OFs with work contracts of one year or more…

Quality education to push ASEAN digital economy

MANILA -- Association of Southeast Asian Nations (ASEAN) member states need to improve the quality of their education systems and training in order to adapt to and benefit from the digital economy for an integrated region, business leaders said. Jaime…

PH to top ASEAN-5 growth race

The Philippines is expected to remain the fastest growing economy in the Association of Southeast Asian Nations-5 (ASEAN) this year through 2022, supported by the government’s infrastructure push and robust domestic private spending. The Organization for Economic Cooperation and Development‘s…

Canada PM urges nations to cut coal use

Canada's Prime Minister Justin Trudeau has raised the urgency for further reducing coal consumption around the globe. He noted such reduction would help mitigate climate change-driving carbon emissions from burning coal, a fossil fuel, to produce power. "We need to…

Q3 GDP growth at 6.5% –– DBS

An economist of DBS Bank Ltd. forecasts a 6.5 percent output for the Philippine economy in the third quarter of 2017, the same as the previous quarter’s performance. In a research note Monday, DBS Bank Group Research economist Gundy Cahyadi…
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