Business & Economy

Manila Solar City may rise in the middle of Manila Bay

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MANILA -- A world-class commercial, residential and tourism center may soon rise in the middle of Manila Bay.

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Korean buying mission to boost investments here

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The recent buying mission of South Korea’s largest association of importers is seen supportive of Department of Trade and Industry’s (DTI) objective to grow investment-led exports and to encourage investments into the tourism infrastructure.

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Phl revenue growth very good – Moody’s

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MANILA - State revenues have been “very good” despite the absence of far-reaching structural reforms, boosting the Philippines’ chances of grabbing that much-coveted investment-grade status from Moody’s Investors Service.

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Tawi-Tawi, Sabah trade to resume

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ZAMBOANGA CITY -- Trade between ports in Tawi-Tawi and in neighboring Sabah, Malaysia will resume early next week following the establishment of a Temporary Passport Enrollment Center (TPEC) under the Department of Foreign Affairs (DFA).

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Phl posted ‘robust’ growth in Q2

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The Philippines is poised for strong economic growth in the second quarter of 2013 as domestic and foreign investments continued and more locally sourced goods were exported during the period, Economic Planning Secretary Arsenio Balisacan told reporters.

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Country tagged in US trade investigation

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WASHINGTON -- The US Commerce Department on Tuesday launched one of its biggest trade investigations in years into charges that manufacturers in South Korea, India and seven other countries are selling steel pipe used by oil and natural gas producers at unfairly low prices.

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La Union breathes new life to freeport development

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SAN FERNANDO CITY --- After nearly two decades and two master plans, the Poro Point Freeport Zone (PPFZ) is back on track into becoming a premier business and leisure destination in northern Luzon.

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Chinese, Filipino businessmen help ease political tension

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Chinese businessmen and the Philippine business community have spearheaded a move to bring President Aquino to 10th China-ASEAN Expo 2013 (CAEXPO) to be held in Nanning, Guangxi Province in September this year as business relations continue to flourish between the two countries amid the territorial dispute being faced by the two governments.

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Rural bankers thank PNoy for foreign equity law

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MANILA -- Sound economic policies of the Aquino administration will result in a significant amount of foreign investments in the long run, a group of rural bankers said Tuesday, a day after President Benigno Aquino III delivered his fourth State of the Nation Address (SONA).

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Franchising growing 30% in 2014 but players cautioned on sustainability

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The number of franchisees in the country is expected to grow 30 percent next year from 20 percent this year with a “tsunami” of foreign companies swarming the local market even as local franchise leaders cautioned both foreign and local firms to be careful to ensure their sustainability.

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