Business & Economy

Japan’s Nissan puts up new sales unit in PH

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Nissan Motor Co. Ltd. (NML), Japan’s second largest automotive company, has established a new Philippine unit that will serve as its national sales company starting early 2014.

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Metro traffic costs P140B a year, dwarfs corruption losses

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MANILA -- The Red Advocates, a newly-formed multisectoral group of concerned citizens advocating “Respect Equals Discipline” on Philippine roads said the country loses a whopping P140 billion annually due to traffic in Metro Manila alone, a figure that dwarfs the amounts lost via the controversial pork barrel scam.

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Power hike shocks users

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A three-month installment plan starting this month for the biggest ever rate increase of P4.15 per kilowatt-hour by Manila Electric Co. (Meralco) is still staggering for consumers clamoring for a reprieve amid recent price hikes in various commodities.

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Sound fundamentals buoyed PHL economy – Bangko Sentral chief

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MANILA -- Sound macroeconomic fundamentals were the keys that allowed the Philippine economy to grow by 7 percent in the third quarter - the fastest in Asia after China - and 7.4 percent in the first nine months of the year, Bangko Sentral ng Pilipinas said Thursday.

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Business group seeks amendments to Epira

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The Philippines may lose potential investments to neighboring countries if it does not address crucial investor concerns, particularly the high electricity rates, according to the Japanese Chamber of Commerce and Industry of the Philippines Inc. (JCCIPI).

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Exports projected to grow 7-8%

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MANILA -- Total exports are seen to grow by seven to eight percent this year from a year  ago, supported by the performance of non-electronic products and  services, a trade official said.   

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APEC Members to set priorities for 2014 in Beijing

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Beijing, China, 10 Dec 2013 -- APEC senior officials have been meeting on Monday and Tuesday in Beijing to determine the priorities for APEC China 2014, just after the World Trade Organization found consensus this weekend in Indonesia and while Trans Pacific Partnership negotiators are seeking an agreement in Singapore.

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Bali summit may be last chance for WTO Trade deal

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Bali, Indonesia – Top trade officials began talks Tuesday that will either produce an eleventh hour deal that could boost the global economy by $1 trillion or possibly spell the end of the World Trade Organization’s relevance as a forum for negotiations.

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DTI: PH to benefit from WTO deal… exporters disagree

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The government said that the trade agreement hammered out by the 159-member countries of the World Trade Organization (WTO) in Bali, Indonesia will benefit the Philippines particularly in the agriculture and customs streamlining procedures, but exporters said the deal struck after over a decade of haggling offers very little help to global trade, which they said will continue to flourish even without the deal that claimed to give $1-trillion jolt to the world economy.

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Philips gearing up for ‘positive’ 2014

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Philips Electronics and Lighting Inc. Philippines expects positive growth for the company this year and in 2014, boosted largely by the strong local demand for its lighting solutions.

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