WASHINGTON, July 1 (Reuters) — The Federal Reserve raised US interest rates for the first time in four years on Wednesday, boosting them a quarter percentage point in what likely is the first of several rises to keep inflation at bay.
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The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas, decided yesterday to keep the bank’s key policy rates unchanged despite a quarterpoint increase made by the U.S. Federal Reserve Board.
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The Philippine Chamber of Commerce and Industry (PCCI) yesterday pleadged full support and cooperation to the 10-point agenda espoused by President Gloria Macapagal Arroyo in her inaugural address on Wednesday.
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The Department of Energy said yesterday that at least four local bus companies would be using compressed natural gas (CNG) as alternative fuel for public transport as a way of solving pollution problems.
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The peso closed higher at P55.99 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P56.12 the previous day. The weighted average rate appreciated to P56.033 from P56.176. Total volume amounted to $171.7 million.
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The government is in the final stages of testing the controlled atmosphere package (CAP) technology which aims to extend the shelf-life of fresh mangoes by up to 30 days and thus cut down freight cost in exporting high-quality mangoes particularly to the United States.
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Employers expressed confidence yesterday that the President will meet her target of creating at least one million jobs a year.
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As the biggest single consumer of crude oil, the United States in effect holds the key to the solution of the world’s high energy cost dilemma. The U.S. can force down the price of crude to near the last price range of $25 to $30 per barrel level by:
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Businessman Celso delos Angeles Jr. yesterday offered a solution to the country’s mounting foreign debt and ballooning budget deficit.
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Pilipino Telephone Corp. (Piltel) announced yesterday its board of directors has approved a proposal to raise its authorized capital stock to P12.8 billion from P3.5 billion with the creation of new common shares to accommodate the conversion of preferred shares in the future.
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The Bases Conversion Development Authority (BCDA) said it would be constructing a R50 million access road to the Clark Special Economic Zone (CSEZ) in lieu of the original design to put up an interchange along the Friendship Highway, which the BCDA said would only pose a threat because of its proxi
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The National Food Authority (NFA) received yesterday 11 offers for its importation of 200,000 metric tons (MT) of rice out of which it is inclined to award the bulk or 150,000 MT of 25 percent brokens at $243.98 per MT from Vietnam state firm Vietnam Southern Foods Corp. (VSFC or Vinafood).
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The Bangko Sentral ng Pilipinas reported that domesic liquidity (M3) in May grew 6.1 percent to P1.73 trillion due to an increase in net foreign assets of the domestic monetary system.
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That many candidates and their supporters and voters, as well are not happy over the results or conduct of the last electoral exercise aptly demonstrates the workings and practical applications in many activities involving choice of Arrow’s impossibility theorem or Arrow’s paradox. The theorem is th
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Legacy Consolidated Plans Inc. ranked 9th among the country’s pre-need companies in terms of gross sales based on the first quarter Pre-Need Sales Collection report of the Securities and Exchange Commission for the year 2004.
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DETROIT, Michigan — Northwest Airlines, the fifth largest airline in the world is investing $175 million to expand its airport facilities in anticipation of an increasing volume of passenger and traffic.
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Australia’s biggest wind energy developer Wind Prospect has expressed its interest to invest in the Philippine wind power sector.
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WASHINGTON, July 1 (AFP) — World economic growth may be crimped as the United States enters an era of gradually rising interest rates to choke inflation, analysts say.
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TOKYO, July 1 (Reuters) — Japanese companies are more confident about business conditions than at any time since the bursting of the country’s asset bubble in the early 1990s, the Bank of Japan’s “tankan” business survey showed on Thursday.
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SINGAPORE, July 1 (Reuters) — Ships sailed smoothly into ports across Asia on Thursday when a tough new maritime security law came into effect, with the region’s governments choosing to avoid possible delays to vital sea-borne trade in the event of non-compliance.
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A late bloomer in partisan politics, Juan Gallanosa Frivaldo was the most durable and longest serving provincial governor in the country. He was governor of Sorsogon in the Bicol region for eight long terms (1955 to 1998), the longest-ever term in the political annals of the Philippines.
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SANTIAGO, Ilocos Sur – Reelected Gov. Luis "Chavit" Singson vowed to ensure economic growth for Ilocos Sur as he pledged to make it a first-class province in the North.
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CALAPAN CITY – After a successful nine consecutive years in office as the first city mayor of Calapan, Mayor Arnan Panaligan has completed his three terms of office. He was hailed by residents as the "architect of the city’s progress."
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The Department of Labor and Employment (DoLE) announced the opening of new two classrooms under the "Classroom Galing sa Mamamayang Pilipino Abroad" (CGMA) project.
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