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US company Perot Systems opens Makati BPO operations
Perot Systems, a US-based major player in business process outsourcing (BPO) and Information Technology (IT) services has started operations in the Philippines.
WB endorses anti-corruption strategy
WASHINGTON, Mar. 21 (Reuters) — World Bank President Paul Wolfowitz on Tuesday declared the bank’s board of member countries had fully endorsed a controversial strategy for tackling corruption in developing countries.
Fed expected to keep rates unchanged
WASHINGTON (AP) — As the Federal Reserve tries to guide the economy in for a soft landing, it is being battered by turbulent financial markets, a slumping housing industry and stubborn inflation pressures.
Cueto reappointed SEC Commissioner
President Arroyo has reappointed anew Ma. Juanita Elegir-Cueto as acting commissioner of the Securities and Exchange Commission (SEC).
BoI, PEZA investments up 125% in 2 months
Combined investments of the Board of Investments (BoI) and the Philippine Economic Zone Authority (PEZA) went up 125 percent to P26.8 billion in the first two months this year as against P11.9 billion in the same period last year fuelled by strong capital inflow in the manufacturing, IT services and real estate sectors.
SBMA suspends importation of new vehicles pending probe
The Subic Bay Metropolitan Authority (SBMA) has temporarily suspended the importation of brand new high-end vehicles into the Subic Freeport as it conducts a full-blown investigation on the involvement of some officials and trading firms on the influx of luxury vehicles being technically smuggled outside of the Freeport.
Shell explores option to put up refilling station for autogas
Anchoring on forecasts of 10 percent demand growth for autogas or liquefied petroleum gas (LPG) for vehicles, multinational oil firm Pilipinas Shell Petroleum Corporation (PSPC) bared that it is currently exploring options to put up its own refilling stations.
Unilab bags 2007 ECoP’s Grand Kapatid Award
The Employers Confederation of the Philippines (ECoP) conferred today the 2007 Grand KAPATID Award to United Laboratories, while five other companies got outstanding achievement citations.
2007 deficit goal may need new taxes
The International Monetary Fund said achieving the P63-billion budget deficit this year will require additional revenue measures, which may be "too challenging" for the government.
Shares close 2.84 percent higher
MANILA (AFP) - Philippine share prices closed 2.84 percent higher Thursday, buoyed by a rally overnight on Wall Street after the US Federal Reserve left interest rates on hold, dealers said.
P/$ rate closes at P48.41/$ 1
The peso rate closed higher at P48.41 to the US dollar yesterday at the Philippine Dealing System of the Bankers Association of the Philippines from P48.585 the previous day. The weighted average average rate appreciated to P48.441 from P48.594. Total volume amounted to $ 543.04 million.
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