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PHL needs to do more to achieve inclusive economic growth -Balisacan

By Leslie D. Venzon MANILA, March 18 (PNA) — The Philippines aims to attract more investments to create opportunities, especially for the poor, to help make strong economic growth more…

PHL banks’ compliance to US-IRS FATCA rules a business decision

MANILA, March 17 (PNA) — The Bangko Sentral ng Pilipinas (BSP) said compliance to the US government’s Foreign Account Tax Compliance Act (FATCA) lies on the decision of Philippine banks….

ArthaLand profit up 60% in 2013

MANILA, March 17 (PNA) — Boutique property developer ArthaLand Corp. (ALCO) on Monday said its revenues from real estate sales grew by whopping 60 percent, driven mainly by the sustained…

Meralco posts Php 17.2B net income in ’13

MANILA, March 17 (PNA) — Manila Electric Company (Meralco) on Monday reported that its 2013 net income is steady at Php 17.2 billion from year-ago’s P17.1 billion. In a briefing…

Reconstruction, infra spending to back PHL GDP growth of 6.9% in 2015 — World Bank

MANILA, March 17 (PNA) — The World Bank sees the Philippines sustaining its strong economic performance next year through fast reconstruction program and high infrastructure spending despite the devastation brought…

PHL stocks index dives below 6,400-level

MANILA, March 14 (PNA) — Local share prices dipped below the 6,400-level on Friday following Wall Street’s losses overnight on lingering concerns about weakness in China’s economy. The benchmark Philippine…

PHL remains top investment choice for European Union companies, says Coloma

MANILA, March 14 (PNA) — Investors from the European Union (EU) member states remain keen on putting their money in the Philippines, especially in the areas of trade, energy, governance,…

Bill aimed at eradicating unfair business practices pushed

MANILA, March 14 (PNA) – Sen. Paolo Benigno “Bam” Aquino IV on Friday pushed for the passage of a strong competition policy bill that will eradicate monopoly, cartels and unfair…

Peso ends weaker on China, Ukraine worries

By Joann Santiago MANILA, March 14 (PNA) — Concerns on China’s growth and the ongoing conflict between Ukraine and Russia made investors choose the United States dollar over other currencies,…

PHL stocks dip further but stays above 6,400

MANILA, March 13 (PNA) — The Philippine stock market dipped for a second session along with its peers in the region on Thursday, dragged down by concerns over weakness in…

PSE net income grows 35% in 2013

MANILA, March 13 (PNA) — The Philippine Stock Exchange (PSE) said on Thursday its profit grew 35.1 percent in 2013, boosted by higher listing and trading related income. In a…

SSS to give maternity, sickness benefits to employers through Bank Program

MANILA, March 13 (PNA) — Social Security System (SSS) provides a faster way for employers to receive their sickness and maternity reimbursement for advance payment through SSS Sickness and Maternity…

Peso improves vs. US dollar

MANILA, March 13 (PNA) — Investors took profit Thursday, resulting to the improvement of the peso to the US dollar ahead of the Federal Open Market Committee (FOMC) meeting next…

Seaoil to open Southern Mindanao’s largest oil depot

MANILA, March 13 (PNA) — Fuel requirements of Southern Mindanao is expected to get a boost with the opening of the largest oil storage facility in region on Saturday. Seaoil…

PHL stocks index falls below 6,500

MANILA, March 12 (PNA) — Philippine stocks fell below the 6,500-mark along with other Asian bourses on Wednesday, as investors pocketed gains after a strong rally. The barometer Philippine Stock…