Business & Economy

Saudi prince congratulates Aquino on 6 years of PH growth

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A member of the Saudi royal family who was once called the “Arabian Warren Buffett” congratulated President Benigno Aquino III for his achievements during the last six years, Malacañang said on Monday, May 23.

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Senior Officials Reshape Economies for New Era

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AREQUIPA, Peru, 14 May 2016 – Senior Officials from the 21 APEC member economies are meeting in Arequipa to take forward new collaborative policies for solidifying trade and growth while mitigating emerging sustainability challenges in an era of profound transition in the Pacific Rim. 

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Rody tells telcos: Shape up or face new competition

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DAVAO CITY - The two dominant telecommunication firms in the country better shape up and improve the speed of Internet download, one of the slowest in the world.

Read more: Rody tells telcos: Shape up or face new competition

Remittances up 4.4% to $6.56B in Q1

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Cash sent home by Filipinos abroad through banks inched up to $2.42 billion in March as deployment of overseas workers remained steady during the first quarter.

Read more: Remittances up 4.4% to $6.56B in Q1

Saudi Arabia needs workers, says envoy

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Saudi Ambassador to the Philippines Abdullah Al-Bussairy on Monday, May 23, said the demand for Filipino workers in Saudi Arabia had been on a steady rise despite the continuing decline in global oil prices.

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Remove investment barriers, PH urged

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The Philippine government should further ease foreign direct investment restrictions, harmonize its incentive regime and enact a new Magna Carta for small and medium scale enterprises, if it wants to accelerate the country’s economic growth, the Organization for Economic Cooperation and Development (OECD) said.

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UK think tank tells Duterte: Rough talk will turn off investors

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Incoming President Rodrigo R. Duterte’s plan to change the form of government may not sit well with investors, UK-based think tank Oxford Economics said Monday, May 23.

Read more: UK think tank tells Duterte: Rough talk will turn off investors

Apple stock surges after Warren Buffett’s hefty investment

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Warren Buffet has been wary of making tech-related investments in the past because he reportedly doesn’t understand it, but apparently, the octogenarian investment guru has had a change of heart.

Read more: Apple stock surges after Warren Buffett’s hefty investment

PH has worst unemployment rate despite high GDP growth - Ibon

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An independent research group said the Philippines still has the “worst” unemployment rate in Asia despite posting a 6.9-percent growth in gross domestic product.

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BSP, execs welcome Duterte economic agenda

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The honeymoon period has started for Rodrigo Duterte, the unorthodox Davao City mayor who is bound to be the next CEO of the land, with economic and business leaders optimistic that the newly unveiled economic agenda would allow the country to remain in the sweet spot.

Read more: BSP, execs welcome Duterte economic agenda

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Cynthia V. Reyes DMD