EconomyLoop
where regional business news becomes global to everyone

Why Danish advisor foresees an overheating PH economy

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 The Standard49 minutes ago

     
Polish technology firm opens PH headquarters

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 The Standard28 minutes ago
Fireworks makers ask Quezon City to explain ordinance

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 The Standard28 minutes ago
‘Millennial' traits to drive success of young Filipinos

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 The Standard8 hours ago
Amway opens experience center in PH

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 The Standard8 hours ago
MetroPacWater mulls over 26 potential projects in PH, Asia

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 The StandardYesterday
Tax, fiscal reforms to sustain expansion

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 The StandardYesterday
IMF: Economy to grow stronger

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 The StandardYesterday
Stocks bounce back; Meralco rises

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 The StandardYesterday
BoI grants incentives to nine renewable energy projects

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 The StandardYesterday
PH, China sign underwriting deal on $200-m Panda bonds

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 The StandardYesterday
8990 says listing of preferred shares set

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 The StandardYesterday
Petron obtains nod to refinance securities

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 The StandardYesterday
Japan leads Asian shares higher, oil prices steady

SEOUL, South Korea—Asian shares rose last Thursday, led by Japan, while oil prices were steady despite a second straight day of overnight losses on Wall Street. Analysts said that, despite the rebound, it was too early to say risk sentiment was back.... read more

 Business Mirror2 days ago
Bangkok firefighters on front line of city’s snake scourge

When the latest distress call came into Phinyo Pukphinyo’s fire station in Bangkok, it was not about a burning home or office building. Instead, the caller needed urgent help with a far more common problem facing Thailand’s capital: snakes. A 2-meter... read more

 Business Mirror2 days ago
US would consider individual sanctions for Myanmar

United States Secretary of State Rex Tillerson said on Wednesday that the US is deeply concerned by “credible reports” of atrocities committed by Myanmar’s security forces, and called for an independent investigation into a humanitarian crisis in whi... read more

 Business Mirror2 days ago
Singapore suspends part of rail line after ‘awful day’ of crash

Singapore suspended part of a rail line to conduct checks, after a train collision on Wednesday left more than two dozen people injured and prompted an apology from the Transport Minister. At least  29 people were injured after a train hit a stationa... read more

 Business Mirror2 days ago
Chelsea Logistics’ profit quadrupled to P405.7M

Chelsea Logistics Holdings Corp. (CLC) pushed its earnings four times higher by the end of the third quarter, as its strategic investments continue to deliver while its operations expand further. The company booked a net income of P405.7 million for ... read more

 The Daily Tribune2 days ago
Japan pledges $923.41-M initial loan for RP subway

Japan has pledged to provide a loan worth $923.41 million for the Metro Manila Subway Project (MMSP) which is expected to ease traffic congestion in the metropolis.The amount represents the initial tranche of aid to be provided by the Japanese govern... read more

 The Daily Tribune2 days ago
Best financing option for RP high-impact projects sought

President Duterte and Chinese Premier Li Keqiang have witnessed the signing of a memorandum of understanding (MoU) between the Bases Conversion and Development Authority (BCDA) and China Development Bank (CDB).The MoU will establish the framework for... read more

 The Daily Tribune2 days ago
Peso up, PSEi down

Lower US treasury yields proved advantageous to the Philippine peso, which again strengthened to the dollar yesterday, while the Philippine Stock Exchange index (PSEi) slipped anew on profit-taking.The local currency finished the day’s trade at 50.90... read more

 The Daily Tribune2 days ago
RP economy grows 6.9% amid stable DU30 gov’t

Malacañang yesterday welcomed the better than expected growth of the Philippine economy during the third quarter, saying it can be attributed in part to the stability the country currently enjoys under the administration of President Duterte.The Phil... read more

 The Daily Tribune2 days ago
Economist: Let India catch up RCEP deal

The Regional Comprehensive Economic Partnership (RCEP) participating countries can implement the deal immediately if it would allow India to play catch-up with the majority in contentious chapters of the agreement, an economist from a global informat... read more

 The Daily Tribune2 days ago
Enabling environment for inclusive business pushed

The Association of Southeast Asian Nations (Asean) member-states will work towards providing an enabling environment for inclusive business imperative for the region’s economic community-building efforts.In the Asean chairman’s statement issued yeste... read more

 The Daily Tribune2 days ago
RP firms told to boost disaster recovery plans

Disaster preparedness is necessary to ensure business growth and success. However, not all companies are adequately prepared. According to a global disaster recovery preparedness benchmark released by the Disaster Recovery Preparedness (DRP) Council,... read more

 The Daily Tribune2 days ago
Lopez Holdings’ profit falls 43%

Conglomerate Lopez Holdings booked a 43-percent decline in nine-month profit on one-off losses and the absence of one-off gains at its associate.It reported to the local bourse its net income attributable to equity holders of the parent firm reached ... read more

 The Daily Tribune2 days ago
Car sales up 17% in Oct. ‘17

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, in a joint report released yesterday, said car sales reache... read more

 The Daily Tribune2 days ago
Agricultural groups challenge California weed-killer warning

A coalition of a dozen national and Midwestern agricultural groups sued on Wednesday to overturn a California decision that could force the popular weed-killer Roundup to carry warning labels that it can cause cancer. The lawsuit filed in federal cou... read more

 Business Mirror2 days ago
Chelsea's net profit surges to P405.7m

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 The Standard2 days ago
Cosco's income rose to P5.4b in 9 months

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 The Standard2 days ago
Stock market declines; Now, BDO top gainers

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 The Standard2 days ago
Pilipinas Shell earns P6.6b

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 The Standard2 days ago
SMC pays $4.8b for Ilijan

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 The Standard2 days ago
BCDA, China sign finance deal

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 The Standard2 days ago
DoubleDragon nets P1.47b

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 The Standard2 days ago
Metro Pacific investing P820b until 2022

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 The Standard2 days ago
October car sales rose 17% to 36,511 units_Campi

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 The Standard2 days ago
Economy expanded 6.9% in Q3

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 The Standard2 days ago
Treasury offering RTBs anew worth P30 billion

The government is going back to the debt market with a planned sale of retail Treasury bonds (RTBs) worth at least P30 billion, the Bureau of the Treasury (BTr) said on Thursday. It will be the second such sale of RTBs this year and the third under P... read more

 Business Mirror2 days ago
Oil rally may be inflation game changer for Asia central banks

The rally in oil prices is a potential game changer for inflation in Asia and will pressure central banks to lift interest rates after years of easy money. With the region’s economic growth already enjoying the tailwinds of an export boom, the ingred... read more

 Business Mirror2 days ago
DoubleDragon income grew 83% in January-September

PROPERTY developer DoubleDragon Properties Corp. said its income grew 83 percent during the nine months of the year to P1.4 billion, from last year’s P761 million, as revenues more than doubled. Revenues hit P4.08 billion, from last year’s P1.99 bill... read more

 Business Mirror2 days ago
MPIC to spend P653-billion over next 5 years for big-ticket infrastructure projects

SYDNEY, Australia—Metro Pacific Investments Corp. (MPIC) plans to spend about P100 billion in capital expenditure (capex) next year as it further expands its operations, its executives said here. MPIC Chief Finance Officer David Nicol said the amount... read more

 Business Mirror2 days ago
Chelsea Logistics’s profit quadrupled to P405.7 million

CHELSEA Logistics Holdings Corp. (CLC) pushed its earnings four times higher by the end of the third quarter, as its strategic investments continue to deliver while its operations expand further. In a statement, CLC said it booked a net income of P40... read more

 Business Mirror2 days ago
San Miguel subsidiary tells Psalm it already paid $4.8 billion

A unit of conglomerate San Miguel Corp. (SMC) has paid the government a total of $4.8 billion in various fees as of October this year. South Premiere Power Corp. (SPPC), as administrator of the 1,200-megawatt (MW) Ilijan power plant, has paid the amo... read more

 Business Mirror2 days ago
October rice inventory down 15.34%–PSA

The country’s rice inventory as of October 1 declined by 15.34 percent to 1.935 million metric tons (MMT), from 2.286 MMT a year ago, according to the latest report of the Philippine Statistics Authority (PSA). The PSA said the total rice inventory d... read more

 Business Mirror2 days ago
Output of tomato, cassava up in Q3

Favorable planting conditions allowed vegetable farmers, such as those planting tomato and cassava, to increase their production in the third quarter by as much as 4 percent, according to the Philippine Statistics Authority (PSA). In its latest repor... read more

 Business Mirror2 days ago
Asean slams EU again for palm-oil import curbs

Member-states of the  Association of Southeast Asian Nations criticized the European Union (EU)  for imposing restrictions on palm-oil imports, which could cripple the palm-oil industry of Indonesia and Malaysia. In his chairman’s statement at the 31... read more

 Business Mirror2 days ago
Indonesia policy dilemma looms as credit growth lags

Indonesia’s hopes of hitting double-digit credit growth this year have all but faded, presenting a dilemma for policy-makers trying to stimulate Southeast Asia’s biggest economy in the face of rising global interest rates. Despite eight interest-rate... read more

 Business Mirror2 days ago
What is an association?

Quite often in my “elevator pitches” of promoting and enlisting support for the advocacy of the “association of associations” that I lead and founded, the Philippine Council of Associations and Association Executives (PCAAE), I usually get a reply fr... read more

 Business Mirror3 days ago
Moody’s rates UnionBank a ‘Baa2’

The global credit watcher Moody’s Investors Service merited UnionBank with a positive assessment and assigned the lender a favorable credit rating for its performance. In a statement, Moody’s assigned a “Baa2” rating to the bank’s long-term local and... read more

 Business Mirror3 days ago