EconomyLoop
where regional business news becomes global to everyone

Electronics group wants more local content in export goods

ELECTRONICS exporters expect to complete this year an industry road map that will call for the "localization" of materials that go into the making of export products, with the goal of significantly reducing the country's reliance on imports.... read more

 Business World Online3 hours ago

     
State agencies’ arrears rise past P100 billion

UNCOLLECTED dividends from state-owned corporations breached the P100-billion mark amid legal disputes, the Finance chief said.... read more

 Business World Online3 hours ago
Metro Pacific files P25-billion project linking Cavite, Tagaytay and Batangas

INFRASTRUCTURE conglomerate Metro Pacific Investments Corp. (MPIC) has submitted to the government a P25-billion unsolicited proposal to build an expressway connecting Cavite, Tagaytay and Batangas.... read more

 Business World Online3 hours ago
Reply to PAN and due process

Many taxpayers believe that, in a tax assessment conducted by the Bureau of Internal Revenue (BIR), even though the taxpayers submit a reply to the Preliminary Assessment Notice (PAN), a Final Assessment Notice (FAN) or Formal Letter of Demand (FLD) ... read more

 Business World Online3 hours ago
China ODA considered for railway South Line

THE GOVERNMENT is keen to obtain financing for the South Line of the North-South Railway Project through official development assistance (ODA) from China after yesterday marking the stations for the North Line of the project, which will be funded by ... read more

 Business World Online3 hours ago
E-vehicle charging stations draw interest from foreign firms

FOREIGN COMPANIES are interested in putting up power charging stations in the country even ahead of the wider acceptance of electric vehicles (e-vehicles), possibly easing the concerns raised by owners of these units.... read more

 Business World Online3 hours ago
Senate probers await final BSP report on BPI, BDO incidents

Senators will wait for the final report from Bangko Sentral ng Pilipinas (BSP) on the recent glitches at Bank of Philippine Islands and Banco de Oro (BDO) before calling another Senate hearing on banking mishaps. Sen. Francis G. Escudero said Senate ... read more

 Business Mirror4 hours ago
Usana positive of double-digit growth in 2017

DESPITE the absence of network advertisements, nutrition business mogul Usana Health Sciences is positive of maintaining a double-digit growth in sales by the end of 2017. Usana Philippines Field Development Director Lizbeth Jose said their sales inc... read more

 Business Mirror5 hours ago
Semirara, Meralco Powergen to build 750-MW coal facility in Batangas

SEMIRARA Mining and Power Corp., the coal-mining arm of Consunji-led DMCI, and Meralco Powergen Corp., the power-generation arm of the Manila Electric Co. (Meralco), will likely start construction of a 750-megawatt (MW) coal-power project in Batangas... read more

 Business Mirror5 hours ago
Oil firms roll back prices for 4th straight week

FOR the fourth consecutive week, petroleum companies are implementing a price rollback on local pump prices. Diesel price will be reduced by P0.25 per liter and gasoline price will go down by P0.40 per liter. Phoenix Petroleum, the first to announce ... read more

 Business Mirror5 hours ago
Primex to venture into serviced-apartments sector

PRIMEX Corp., a boutique property developer, is venturing into the serviced-apartments sector as it tries to grow its recurring income on top of leasing some of its spaces on its soon-to-be-completed projects. Ernesto Ang, the company’s chairman and ... read more

 Business Mirror5 hours ago
Vista Land to grow tourism business, dive into industrial-estate development

VISTA Land and Lifescapes Inc., known for its horizontal developments, such as the Camella subdivisions nationwide, is planning to grow its tourism and hospitality business and develop industrial estates. “We’re venturing into tourism, and eventually... read more

 Business Mirror5 hours ago
UPS ready to support PHL economy, start-ups

SEMICONDUCTORS and electronics products continue to topbill the country’s export products. This makes it necessary for service providers, like United Parcel Service (UPS) Philippines, to make available efficient logistics services to help start-ups g... read more

 Business Mirror6 hours ago
RE firm feted for providing solar-powered ‘sari-sari’ stores in nation’s rural areas

START-UP SolarSolutions, a venture that builds sun-powered sari-sari (neighborhood variety) stores in the provinces won the Energy Innovation Arena and pocketed the $10,000 prize pot money in the exhibit and pitching competition during the Power and ... read more

 Business Mirror6 hours ago
Villar infusing P3b in bank unit

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 The Standard6 hours ago
Govt debt declines to 34.6% of GDP

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 The Standard6 hours ago
NIA to complete P13-b project by 2020

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 The Standard6 hours ago
BSP eyes more sanctions to correct lax reportage

The Bangko Sentral ng Pilipinas (BSP) is set to issue a new circular that will require banks to submit all required data to the Central Bank on time. Deputy Governor for the Supervision and Examination Sector Nestor Espenilla Jr., who is also the Cen... read more

 Business Mirror6 hours ago
Government happy with AIIB despite myriad sources of funds

The government is satisfied with its membership in the China-led Asian Infrastructure Investment Bank (AIIB), which was established only two years ago but is showing solid progress in its operations, according to the Department of Finance (DOF). Fina... read more

 Business Mirror6 hours ago
DOTr asks China to fund Bicol rail project

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 The Standard7 hours ago
BoC prepares for universal bank status

The Bank of Commerce (BoC) is looking to secure a license to upgrade its status to a universal bank within the year, the bank said in a statement. The BoC said it is eyeing to obtain its universal bank status this year from its current commercial ban... read more

 Business Mirror7 hours ago
World Bank unit starts Malampaya arbitration

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 The Standard7 hours ago
DTI seeks lower price for modern jeepneys

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 The Standard7 hours ago
Calaca plant expansion expected to start in 2018

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 The Standard7 hours ago
BoC seeking unibank license

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 The Standard7 hours ago
PSE wants to retain public float of new offerings

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 The Standard7 hours ago
Ro-Ro lifts household earnings near ports

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 The Standard7 hours ago
BSP clears 110 new branches of banks

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 The Standard7 hours ago
Espenilla asks banks to submit documents

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 The Standard7 hours ago
UK turns to poor countries for trade

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 The Standard7 hours ago
Airbag giant Takata is bankrupt

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 The Standard7 hours ago
China's mega-dam drowns mountains

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 The Standard7 hours ago
Asian stocks climb

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 The Standard7 hours ago
Madoff: ‘I always wanted to please everybody'

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 The Standard7 hours ago
Thai Airways set to buy 30 aircraft

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 The Standard7 hours ago
Italy pledges $19b to rescue banks

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 The Standard7 hours ago
Altaraza groundbreaks Bulacan academic hub

Altaraza, an Ayala Land sustainable estate located in San Jose del Monte, Bulacan, recently marked another milestone with the groundbreaking of the STI Academic Center, its first educational institution in mixed-use community. The academic center is ... read more

 The Daily TribuneYesterday
Vista Land retail unit expands comm’l spaces

Vista Land and Lifescapes Inc. is bullish on its retail unit, All Value Holdings Corp., with the expansion of the company’s commercial spaces and available lots within residential developments.Vista Land and All Value chairman Manuel Villar Jr. said ... read more

 The Daily TribuneYesterday
Urdaneta school gets new school building

The Anonas Elementary School in Urdaneta City has received a brand new, two-storey four-classroom school building from SM Prime through SM Foundation.The new school building comes fully-furnished with 200 student armchairs including 40 special left-h... read more

 The Daily TribuneYesterday
Angkas answers traffic problem

Imagine breezing through the traffic congestion, finding alternative streets that no four-wheeled vehicle could pass through, and arriving at your destination in a fraction of time. With Angkas, you don’t need to stop at imagining. Available on both ... read more

 The Daily TribuneYesterday
US bares new rule on food imports

Food producers exporting to the United States (US) should comply with regulation that ensures  safety standards.Compliance for many businesses has started through the US Food and Drug Administration Food Safety Modernization Acts (FSMA) final Foreign... read more

 The Daily TribuneYesterday
PCC, Ombudsman tie up

The Philippine Competition Commission (PCC) recently forged a partnership with the Office of the Ombudsman (OMB) to build a solid campaign against bid-rigging, price fixing and cartels in government procurements and projects.“A unified front in level... read more

 The Daily TribuneYesterday
Mining firms staying in RP

Mining firms operating in the country will stay regardless of the numerous requirements by government and criticisms from so-called pro-environment groups.According to a president of a listed nickle mining company, the constitution allows mining in t... read more

 The Daily TribuneYesterday
Aboitiz’s P4.1-B project note RE deal of the year

The P4.1-billion project notes facility for AboitizPower’s Hedcor Sibulan hydro power plant bagged the Renewable Energy Deal of the Year-Hydro award in the Hong Kong-based finance publication, The Asset.“This award is a testament that we remain true ... read more

 The Daily TribuneYesterday
SSS collections rise to P52.18B

State-run Social Security System’s (SSS) revenue collection from member’s contribution in the first four months of 2017 increased by almost 10 percent to P52.18 billion on the back of strengthened efforts to increase the pension fund’s income.SSS pre... read more

 The Daily TribuneYesterday
RP creativity shines at Cannes Lions 2017

The Philippine advertising industry made another milestone when McCann Worldgroup Philippines took home a Radio Lions haul at the recent Cannes Lions 2017.The agency won a Gold Lion for its “Lives 1 of 4 ‘Frank,’ Lives 2 of 4 ‘Hanna,’ Lives 3 of 4 ‘N... read more

 The Daily TribuneYesterday
Rising demand lures Danish wind turbine maker to Mideast, Asia Pacific

THE CHIEF EXECUTIVE officer of Vestas Wind Systems A/S says the world's biggest wind turbine maker wants to expand in the Middle East and the Asia-Pacific region as it taps into growing demand for renewable energy in new markets.... read more

 Business World OnlineYesterday
Villar maps expansion of retail business unit

THE VILLAR GROUP is bullish about its retail business, riding on the aggressive expansion of Vista Land & Lifescapes, Inc. and rising disposable income that has fueled demand for upscale concepts.... read more

 Business World OnlineYesterday
MNTC readies plan for P50-billion expressway

MANILA NORTH Tollways Corp. (MNTC) will submit to the government next month a P50-billion unsolicited proposal for an elevated expressway along C-5 road in Ortigas to Commonwealth, which its president expects to decongest traffic in the area.... read more

 Business World OnlineYesterday
Thoughts on being a steward

After some 34 years in SGV, I will be retiring from the firm in five days. Many thoughts crowd in my head -- my mentors through the years, the lives of people whom I have touched, the opportunities won and lost, the challenges and lessons learned, th... read more

 Business World OnlineYesterday