Business & Economy

Asean integration seen to be far off

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The Philippines and its regional neighbors have made significant strides in breaking down trade barriers and promoting financial integration, despite challenges posed by various economic crises in the last five years.

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Dubai-based Kampac investing $5-B ‘Energy City’

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Dubai-based Kampac International PLC yesterday announced plans to invest $5 billion in the country for the establishment of an ambitious “Energy City” that would transform the Philippines as one of the world’s largest energy hubs.

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PH business community’s role in Apec

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Earlier this month, I had the privilege to sit, as part of a group, with 21 world leaders from the Asia Pacific Economic Cooperation (Apec) economies, including President Aquino, to discuss with them this year’s pressing issues regarding business and the regional economy.

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Filipino, China oil firms eye deal in disputed sea

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MANILA -- A Filipino-British company has begun talks with China’s state-owned offshore oil producer for a deal to jointly explore for oil and gas in the Reed Bank a vast offshore area disputed between China and the Philippines, a Filipino official said Wednesday.

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PAL London flights showcase of PH pride at World Travel Market

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The resumption of non-stop flights to the United Kingdom will serve as the main focus of tourism promotions by the Philippines under the Department of Tourism’s (DoT) “It’s More Fun in the Philippines” campaign at this year’s WTM to be held from Nov. 4 to 7.

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ALI to rival SM’s Pasay reclamation project

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MANILA -- Property giant Ayala Land Inc. (ALI) has expressed interest to bid for Pasay City’s 300-hectare land reclamation project, potentially giving formidable competition to the unsolicited proposal earlier submitted by rival SM group.

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UK sees PH as ‘emerging power’

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MANILA -- The Philippines is among several countries that the United Kingdom (UK) considers as “emerging powers,” newly appointed British Ambassador to the Philippines Asif Ahmad said Wednesday.

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BSP further eases forex rules for foreigners

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The Bangko Sentral ng Pilipinas (BSP) has further relaxed foreign exchange regulations to allow more nonresidents to participate in the local stock market.

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Aquino seen to bring home $1.7B in investments

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SEOUL, Oct. 18 -- President Benigno Aquino III is expected to bring home at least $1.7 billion in investments from Korean firms as a result of his state visit to South Korea.

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Some workers may lose jobs if 14th-month pay becomes mandatory

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MANILA -- Some workers risk losing their jobs if the bill mandating employers to give 14th-month pay is passed into law, the Department of Labor and Employment (DOLE)'s wage body said during a Senate hearing Wednesday.

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