Business & Economy

Microfinance loans, savings breach P8-Billion mark

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The total value of microfinance loans and savings have breached the P8-billion mark as more lending institutions see the importance of addressing the needs of the country’s micro, small and medium enterprises (MSMEs).

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BIMP-EAGA projects open 20,000 job opportunities for Filipinos

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Filipino workers are expected to benefit from employment opportunities provided by four major projects worth more than B$23 billion geared towards enhancing and complementing the developmental goals of the Brunei Darussalam BIMP-EAGA Business Council (BDBEBC).

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Max’s Restaurant expands further abroad

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Max’s, the country’s successful fried chicken-based casual dining restaurant, is spreading its wings further in foreign shores with nine new stores in New York, Canada and the Middle East countries.

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PEZA admonishes Pacquiao on project

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The Philippine Economic Zone Authority (PEZA) has given boxing icon Manny Pacquiao the flexibility to revise his proposed P1.2-billion medical tourism facility into a combined IT, medical and manufacturing zone and to complete its requirements otherwise the board would be forced to cancel its registration.

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Toyota bares auto parts localization program for 40% local content

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Toyota Motor Philippines Corp.  (TMP) yesterday announced a parts localization program that would double  its local content for its best selling model Vios to 40 percent in 2014 with over 300 locally-sourced parts and substantially improve the capacity utilization of its highly underutilized press plant.

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Gov't encourages fishermen to try oyster growing

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DAGUPAN CITY– The Bureau of Fisheries and Aquatic Resources encouraged fisherfolk in this city, especially the marginalized fishermen, to go into oyster growing as an alternative livelihood that can be potentially as lucrative as tending to the famous bangus (milkfish).

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Jones Lang LaSalle launches RP Global Outsourcing Center

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Singapore – Jones Lang LaSalle announced the opening of a new shared services center in the Philippine capital of Manila, supporting the delivery of helpdesk functions and vendor management services for the firm’s clients across the world.

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Gov’t: Report businesses violating new receipt rule

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MANILA -- As the government prepares to enforce a directive to businesses to issue new receipts by August, Malacañang on Saturday urged consumers to report businesses still not issuing receipts for their sales.

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Philippine-Malaysia trade prospers under AFTA

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The Philippines and Malaysia are enjoying the benefits of trade with lower tariffs through the Association of Southeast Asian Nations or ASEAN Free Trade Agreement (AFTA) of which both are signatories.

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Palace not worried with stock market dip

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MANILA -- Despite Thursday's dramatic drop in the Philippine Stock Exchange (PSE) index, which came amid the Aquino administration's pronouncements of economic gains, the public has nothing to fear as far as the economy is concerned, a Malacañang official said Friday.

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