Business and Finance Archive

Nestor Espenilla Jr. appointed BSP Governor. Financial circles welcome policy decision. Promises to continue banking reforms.

New Governor for BSP. * * * * * * * * * * * *

Japan upgrades cooperation with ASEAN. Swap deals to boost economy / stability. Cross-border transactions in local currencies.

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Ferry services to boost BIMP-EAGA trade. Reduces transit time; saves cost of haulage. Weekly trips to Bitung, Indonesia from Mindanao.

Ferry to reduce costs, improve trade. * * * * * * * * * *

Exports making a firm recovery – DTI. Continuous increase in growth since 3 months. Boost due to cooperation with ASEAN and China.

Boost in exports. * * * * * * * * * * * * *

SEC suspends 20 more lending Cos. Follow up to 84 companies suspended yesterday. Lending Operations: Certificate of Authority is must.

SEC cracks down on illegal lending. * * * * * * * * * *

PH tops Asian Export growth in last seven years. Beats India, South Korea and China by large margin. Foreign investments, structural reforms boost GDP.

The Philippines tops in export. * * * * * * * * * * *

Exports riding a promising period: NEDA Chief. Global recovery fuelling these trends. 22.5% spurt in exports in January.

Exports on the rise. * * * * * * * * * * * *

Reforms to boost Exports: Philexport. Middle-income economy by 2022. High-income economy possible by 2040.

Reforms in Exports to push economy. * * * * * * * * * *

75 Mining contracts cancelled by DENR. Industry outraged; May seek legal recourse. Environmental damage due to indiscriminate mining, claims government.

Mining can effect environment considerably. * * * * * * * * * * *

Sugar allocation for the US reduced. PH third largest supplier of Sugar to the US. Uncertainty over US import priorities.

Sugar exports to the US to be lower.. * * * * * * * *

Common rail station for 3 Lines Department of Transportation signs agreement with MRT, LRT operators. Facility to save time and effort of Passengers.

Better rail amenities. * * * * * * * * * * * * *

China upgrades renminbi. Importance of dollar eroded. 11 currencies added to basket of 13

China strengthens currency basket. * * * * * * * * * * * *

OPEC-14: Now, cuts by non-OPEC producers 558,000 barrels a day to be cut

Non-OPEC producers to support OPEC. * * * * * * * * * * *

25 department Repeal Rules/ Procedures 1062 issuances corrected, deleted and amended

Repeal to streamline rules and procedures. Umrao Singh umraoz.wordpress.com Written for: Lars-Magnus Carlsson www.thephilippinepride.com Friday, 09

OPEC cuts production. Production set at 32.5 million barrels per day

Targets of oil production cut by OPEC. The Asian markets made a sort of recovery on

IMI to set up automotive electronics manufacturing unit in Serbia :: Strategy to be closer to end-user markets: Zobel de Ayala

Ayala Group setting up a plant in Serbia. Ayala Corp. chair Jaime Augusto Zobel de Ayala

Import licenses cancelled :: Fresh issues soon. Rampant smuggling to be checked

Import licenses to be streamlined. In a decisive move that is likely to have far-reaching effect

Philippines fifth in Gold production in Asia :: 91% of Gold is produced by six Asian Countries

Gold is the precious metal that continues to hold its own in all seasons and scenarios;

Credit card default? Worry not!* But, conditions exist.

Credit card default may not be worrying. The most common problem that the people of today

China’s UnionPay chip card :: Conquering the Asia-Pacific

Chip card payment solutions. The benefits of international cooperation between China and its regional neighbors of

The Japan visit :: Tirade against the US continues – Foolish and silly: says Duterte

Japan visit is for economic issues. The President of the Philippines is a driven man; rather,

Are the foreign investors jittery? Is it the right path to take?

Are the investors worried by the course being adopted by the Filipino government? The current developments

Meralco cuts domestic tariff :: Third month in a row

Meralco reduces domestic tariff. Pics courtesy: wikipedia There is good news for the consumers as far

Are the US, EU investors rethinking? Will they move away?

Will the US, EU investors move away? Is China dependable? The Philippines are on a path