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  • US stocks head lower as Greece debt talks resume

    US stocks head lower as Greece debt talks resume

      NEW YORK (AP) — U.S. stocks headed lower Tuesday as European leaders met to discuss Greece’s strained finances. A plunge in commodity prices helped pull stocks in material producers down more than the rest of the market. KEEPING…

  • Upside risks to inflation remain – BSP

    Upside risks to inflation remain – BSP

    Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. yesterday commented that upside risks to inflation rate are still monitored despite a low 1.2 percent inflation for the month of June. “We will continue to monitor developments to…

  • Board approval documents surface; Was Ledesma wrongly suspended?

    Board approval documents surface; Was Ledesma wrongly suspended?

    Amid the drama of the past months, it emerges as a question whether Power Sector Assets and Liabilities Management Corporation (PSALM) president Emmanuel R. Ledesma Jr. was wrongly suspended from his post as documents surfaced stipulating that his actions…

Investment More

  • Uber plans $1 billion China investment: report

    Uber plans $1 billion China investment: report

    Beijing, China | AFP – Taxi hailing app Uber plans to invest seven billion yuan ($1.1 billion) in China, the Financial Times reported on its website, citing a company email. The paper said it obtained the message sent to Uber investors this week…

  • Century Properties to invest P27B in five years

    Century Properties to invest P27B in five years

    Century Properties Group, Inc. is investing P27 billion over the next five years to beef up its real estate portfolio which includes economic housing, residential towers, leasing property, and leisure and tourism projects. In an analysts’ briefing, Century Properties…

  • Hyundai invests P1.2B in Calamba logistics facility

      Hyundai Asia Resources Inc. (HARI), the local distributor of Hyundai motor vehicles in the country, has invested P1.2 billion for a 10-hectare logistics complex to consolidate its stockyard, parts  warehouse, and distribution processes in Calamba, Laguna. HARI President…

Banking More

  • EU ministers to thrash out Greek debt deal

    EU ministers to thrash out Greek debt deal

    by Sophie MAKRIS Athens, Greece | AFP Eurozone finance ministers are set to hold new talks Wednesday to thrash out the details of a Greek debt deal, with officials terming the next 48 hours “decisive” as the clock ticks on a deadline…

  • Citigroup to close Banamex USA: report

    Citigroup to close Banamex USA: report

    New York, United States | AFP  –Citigroup bank is expected to close the US unit of its Mexican banking subsidiary Banamex after it was accused of weak money-laundering controls, the Wall Street Journal reported Sunday. Based in Century City, California, Banamex USA…

  • Industry laments few job takers in insurance sector

    Industry laments few job takers in insurance sector

    Very few young people are applying for jobs in the insurance sector while the quality of talent entering the industry is lacking, the Philippine Insurers and Reinsurers Association (PIRA) said. During the recent ASEAN Insurance Council Meeting held in Malaysia,…

Stock Market More

  • Oil tumbles in Asia as Greek vote shakes world markets

    Singapore – Oil fell in Asia Monday as investors digested the implications of Greece rejecting tough austerity demands from creditors which could send the debt-strapped nation crashing out of the eurozone, analysts said. Greek voters overwhelmingly rejected the bailout…

  • Asia, Europe markets sink after Greece votes ‘No’ to austerity

    Hong Kong, July  6, 2015  — Asian equities fell Monday after Greece overwhelming rejected further austerity measures, pushing it closer to a eurozone exit, while Shanghai underwent another day of volatility as China introduced a raft of measures to…

  • Del Monte Pacific losses widen due to acquisition

    Del Monte Pacific Limited reported that its net losses expanded 18 percent to US$38.0 million for its fiscal year ending April 30, 2015, from US$32.2 million in the previous year, mainly due to acquisition-related and non-recurring expenses worth US$62.6…

Shipping More

  • Thailand plans $1-B purchase of 3 Chinese submarines

    Bangkok – Thailand’s navy has approved a 36 billion baht ($1.1 billion) plan to buy three submarines from China, the southeast Asian nation’s defense minister said, in what could be a sign the country is cozying up to the…

  • China begins testing locally made bullet trains

    Shanghai  – China began testing the first bullet train completely made from locally produced parts this week, the official People’s Daily newspaper said on Wednesday, as part of a big government-led push to export railway technology. China is competing…

  • Union Pacific slaps hefty surcharge on older crude railcars

    Houston– Union Pacific Corp. will impose a $1,200 per-car surcharge on oil shippers that move crude in older railcars, the company told customers this week, becoming at least the second US railroad to charge extra amid widespread safety concerns.…

Business Agenda More

  • The art of buying low, selling high

    The alarming growth of investment scams in the country proves that Filipinos are starting to appreciate the importance of investing. However, the promise for better returns usually lure the more gullible ones into investing in these too good to…

  • Philippine real estate attracts more foreign buyers

    Increased contribution by foreigners in the growth of the Philippine real estate market has been cited as more investors recognize the large gap on the affordability of properties between European countries and emerging markets like Manila. Lamudi Philippines Managing…

  • Roller-coaster ride at the PSE in 1st half

    The first semester of the year was a roller coaster ride for the Philippine Stock Exchange, with the main index hitting an all-time record high of 8,127.48 last April 10 but the market eventually saw its gains slashed by…

Trade More

  • China economy shows more weakness as imports, exports fall

    China economy shows more weakness as imports, exports fall

    Beijing, China | AFP – Chinese imports fell for a seventh straight month in May while exports also sank, data showed Monday, as the world’s second biggest economy shows protracted weakness in the face of government easing measures. The disappointing figures also come…

  • PH energy sector: Will it be left out in the AEC?

    PH energy sector: Will it be left out in the AEC?

    The Philippine energy sector is literally and figuratively having a ‘buffet of problems’ – and these have been giving industry players major headaches. Now, this is the question begging for an answer: Will the Philippine energy sector be able…

  • Japanese firms see ASEAN’s rising importance over China

    Japanese firms see ASEAN’s rising importance over China

    While many of Japanese manufacturers still continue to recognize the importance of China as a “manufacturer of the world,” only a minority said that China could maintain this status into the future as more Japanese firms anticipate ASEAN to…

Business Tech More

  • Cable and system solutions launched in the Philippines

    Cable and system solutions launched in the Philippines

    Datwyler Cabling Solutions (DSCI) has launched in the Philippines the Datwyler Cables + System Solutions recently. Present during the event is DSCI Country Manager Glenn Go who welcomed product managers, business owners, IT managers and chief technology officers. Datwyler…

  • Huawei Philippines hold ICT Roadshow in celebration of Philippines ICT Month

    Huawei Philippines hold ICT Roadshow in celebration of Philippines ICT Month

    Huawei Technologies Philippines, Inc. has showcased the latest innovations, products and services that will give clients and consumers the best solution to cater to the demands of ICT Convergence. “Building A Better Connected Philippines”, the three-day road show aims…

  • Smart brings ‘kinder’ learning to the digital life

    Smart brings ‘kinder’ learning to the digital life

    Philippine education gets another digital boost as Smart Communications (Smart) launched Smart TechnoCart, an innovative mobile digital laboratory designed to facilitate formative learning among kindergarten pupils with the use of mobile devices and applications. Each Smart TechnoCart contains 25…