Business & Economy

Asia’s Q1 business sentiment upbeat; PH most bullish

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Asia’s top companies are more upbeat in their business outlook in the first quarter of 2014, with Philippines showing solid improvement amid other countries’ persistent concerns over the global economy, according to the latest Asia Business Sentiment Survey published on Wednesday.

Read more: Asia’s Q1 business sentiment upbeat; PH most bullish

UAE delegation eyes PH for investment opportunities

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MANILA -- United Arab Emirates (UAE), one of the world’s wealthiest countries, is looking for investment opportunities in the Philippines and has also invited Filipino businessmen to come to UAE to look at opportunities there.

Read more: UAE delegation eyes PH for investment opportunities

Industry group slams truck ban policies

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MANILA -- The European Chamber of Commerce of the Philippines (ECCP) has expressed concern about the “delivery chaos” caused by the truck ban and route limitations imposed by government agencies, stressing that this was not the solution to easing the traffic woes in Metro Manila.

Read more: Industry group slams truck ban policies

PH rice shipped to Oman

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MANILA -- SL Agritech Corp. (SLAC) expects to ship out within this month its maiden cargo of 19.3 metric tons of its Doña Maria fancy rice to Oman.

Read more: PH rice shipped to Oman

JP Morgan raises 2014 growth forecast for PH

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American financial services giant JP Morgan sees the Philippine economy expanding at a faster clip than it previously expected this year, supporting local stock market resilience despite currency weakness, an inflation spike and heady valuation.

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PH exports manage only 3.6% growth in 2013

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MANILA -- Philippine export growth slowed down in 2013 as sluggish performance of major economies dampened global demand.

Read more: PH exports manage only 3.6% growth in 2013

Power supply, infrastructure key to growth

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Socioeconomic Planning Secretary Arsenio M. Balisacan on February 24 said the economy can sustain a 7-8 percent annual growth provided both public and private sectors fix the two major constraints to this growth, one of these being the power supply.

Read more: Power supply, infrastructure key to growth

Vehicle sales jumped 27% in January

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MANILA -- Vehicle sales grew by 27 percent to 15,642 units in the first month of 2014, signaling a strong start for the Philippine automotive industry.

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Max’s completes purchase of Pancake House

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MANILA -- The Max’s restaurant group has completed its acquisition of a controlling stake in Pancake House.

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JFC pushes for review of old and ineffective laws

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The Joint Foreign Chambers has urged for the creation of Code Commission that would be primarily tasked to review and codify all Philippine laws to determine which are already antiquated, ineffective or require amendments.

Read more: JFC pushes for review of old and ineffective laws

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