Business & Economy

Big oil deposits seen in Cebu

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Australian firm Gas2Grid has found a new oil prospect in its service block in onshore Cebu following an oil discovery there earlier this month. 

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IRS FREE MONEY IS HERE!

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Get as much as $6,000 tax-free money from the IRS, if you earn less than $51,000 from wages, self-employment or farming, provided that you file a tax return, even if you do not owe any tax or are not required to file. Known as EITC or EIC (Earned Income Credit), it is a refundable federal income tax credit for low to moderate income earners.

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PH ends 2013 with $5.08-B BOP surplus

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The country posted a surplus in its foreign income position for the ninth consecutive year in 2013 amid the continued growth of remittances from migrant workers and increased revenue from tourism and the business process outsourcing (BPO) sector.

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Power problem poses risks to 2014 growth

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Economic Planning Secretary Arsenio Balisacan has acknowledged that the power situation has become a key concern for the government saying this could pose risks to the attainment of the country’s growth targets.

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Fuel efficiency: The big rush

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Once in a while, people need reminding that Manila is a destination, too.

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Aquino inaugurates new power plant

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Batangas City – The government is looking to tap more efficient energy resources to boost the country’s energy supply, President Benigno S. Aquino III said here yesterday as he led a time capsule-laying ceremony for a power plant fired by natural gas.

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DA to rehabilitate Philippine soil

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The Department of Agriculture (DA) has partnered with an international non-government research organization to conduct the rehabilitation of soil in the Philippines.

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Investments in Bataan Freeport grow four-fold to P2.1 billion

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Foreign direct investments into the Freeport Area of Bataan (FAB) has grown four folds to P2.1 billion in 2013 from only P390.6 million in 2012, making it the new freeport of choice among expanding foreign companies and the fastest growing economic zone in the country.

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PH economy expected to improve in ’14

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Growth in Southeast Asia’s major economies is expected to improve this year as the economies of more advanced nations start to recover, lifting demand for the region’s exports.

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Trademark Filipino hospitality boosts tourism

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ASEAN Secretary General Le Luong Minh said the trademark Filipino hospitality will propel the Philippines’ tourism recovery efforts as he rallied ASEAN member countries to make their presence count by visiting the country.

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