Business & Economy

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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Contractualization legal, but abused

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The Makati Business Club has warned against calls to end contractualization in the country, stressing that what should instead be addressed and discontinued were the abuses committed under this practice.

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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

BSP says banking system ‘sound and stable’

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The country’s financial system as a whole remained “sound and stable” last year as the banking sector was awash with resources to sustain robust economic growth, according to the Bangko Sentral ng Pilipinas (BSP).

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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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Duterte asked: What’s your business plan?

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Presumptive President Rodrigo Duterte, the tough-talking mayor of Davao City, captured the imagination and votes of millions of Filipinos but he remains relatively “unknown” in business circles in Metro Manila, causing a degree of anxiety over how the economy will fare under his term.

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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

Vehicle industry set record sales in April

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The Philippine automotive industry has set another record performance in April with vehicle sales hitting 27,697 units, up 30 percent from year-ago level.

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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.

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Giant clams ‘re-wilding’ waters near Semirara mine site

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It so happens the Consunji-led company has discovered a way to prepare the future of both its host communities and island environment, even if it’s one borne out of coal mine operations.

Read more: Giant clams ‘re-wilding’ waters near Semirara mine site

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