Business & Economy

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.

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Barclays projects 6.5% growth in 2014, 2015 for PH economy

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Barclays projects a 6.5 percent growth for the Philippine economy this and next year.

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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.

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Ayalas, Aboitizes to start 15-ha city center in Cebu

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The Ayala and Aboitiz groups have signed a deal to develop a 15-hectare city center in Subangdaku, Mandaue City in Metropolitan Cebu, solidifying their partnership in the property business.

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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.

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H&M to open store in PH by Q3; Megamall now PH’s largest mall

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MANILA -- The Swedish fashion retailer H&M is to open in the third quarter of this year its first store in the Philippines at Mega Fashion Hall, a premium wing that has now transformed SM Megamall into the country’s largest shopping mall.

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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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P15 Billion poured into Ecozones

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Industial peace, loyalty and quality of workers as well as overall cost competitiveness have sealed the deal for some P15 billion worth of foreign and local investments approved in the country’s economic zones in 2013. 

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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.

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IT revenues estimated at $15.5 Billion

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The Information Technology Business Processing Association of the Philippines (IBPAP) yesterday said  revenues of the  IT business process management (BPM)  are estimated to have reached $15.5 billion last year, a 16 percent increase from the previous year. 

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