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Most Asian stock markets rallied on Wednesday (September 30) after sliding to 3-year lows, but concerns lingered over a weak outlook for commodities and China’s economic growth. Japan’s Nikkei share average rebounded after tumbling in the previous day, with strength in exporters and financials offsetting weak industrial production and a sharp drop in Japan Tobacco. The Nikkei average went up 263 points to 17193.84, while the broader Topix rose 21.37 points to 1396.89. Seoul shares, […]
QUEZON CITY, Sep. 30 (PIA) — The business sector has been a strategic venue for women in achieving inclusive and sustainable economic growth. Department of Trade and Industry (DTI) Undersecretary Nora Terrado said this during a strategic dialogue held recently, titled “Economies that work for Women,” which was organized by UN Women. “Women are key players in the micro, small and medium sector that comprise ninety-nine (99%) of the country’s businesses,” Terrado said, speaking in behalf […]
(Reuters) — China and the European Union (EU) agreed to deepen investment cooperation on Monday (September 28) during the 5th China-EU High Level Economic and Trade Dialogue. Chinese Vice Premier Ma Kai and EU Vice President for Jobs, Growth, Investment, and Competitiveness, Jyrki Katainen, oversaw the signing of a joint declaration of cooperation for the development of 5G mobile phone networks and a memorandum of understanding between China’s National Development and Reform Commission and the […]
The new iPhone 6s and 6s Plus hit stores on Friday (September 25), drawing dozens of people in Sydney despite heavy rain, kicking off a global sales cycle that will be scrutinized for signs of how much juice Apple’s marquee product has left. Apple has a tough act to follow after the success of the iPhone 6, but sales are expected to benefit this year from the inclusion of the Chinese market, where the gadget’s […]
The 21 member economies of the Asia-Pacific Economic Cooperation (APEC) have been urged to provide diversified financial instruments that would suit the changing needs of micro, small, and medium enterprises (MSMEs) in the region. Chair of the APEC Business Advisory Council (ABAC), Doris Magsaysay-Ho, on Tuesday said broadening the range of financing instruments available to MSMEs is key to achieving financial inclusion and will help these enterprises expand their businesses. Ho, who is also the […]
The Republic of the Philippines (ROP) has been named Top Borrower in the Philippines and Most Professional Sovereign Borrower in Asia by FinanceAsia. The results of their 2015 Fixed Income research poll, announced last 11 September 2015, will be featured in print in their upcoming FinanceAsia bond market supplement. “This is very encouraging news; it shows the market has its confidence firmly placed in us and our performance as a sovereign borrower. Especially in these […]
(MANILA) The Philippines’ E-Commerce Roadmap 2015-2020 aims to make the country’s Internet bandwidth faster and its tax system “friendlier” for micro, small, and medium enterprises (MSMEs), an e-commerce advocate and expert told Asia-Pacific Economic Cooperation (APEC) participants here Thursday. During the APEC Public-Private Dialogue on Women and the Economy, held at the Philippine International Convention Center, Janette Toral of digitalfilipino.com, a website launched in 1999 that specializes in e-commerce, social media, and Internet marketing, highlighted […]
MANILA, Philippines, September 15 (Eagle News) — The prices of gasoline products has been raised by P0.10 centavos per liter. Big companies such as Shell and Flying V implemented the oil price hike around 12:01 on Tuesday (September 15) due to the following mixed movements in the international oil market last week. Meanwhile, Eastern Petroleum also increased their oil prices at 6:00 Tuesday morning by P0.10 centavos for every liter of gasoline. (Eagle News Service)
MAKATI City, September 15 (Eagle News) — Light Rail Manila Corp. a consortium composed of Ayala Corporation and Metro Pacific Investments Corporation (MPIC), has taken oven the operations and maintenance of LRT-1 Transit. The LRMC won the P64.9 billion LRT 1 Cavite extension project after offering the highest premium bid of P9.35 billion. The LRMC has secured the right to operate and maintain it for 32 years. It will also extend the rail line […]
MANILA, Philippines, September 15 (Eagle News) — President Banigno S. Aquino III on Monday, September 15 said that lowering prevailing income tax rates will lead to fewer government revenues and will only expand tax collection deficit. The president said that by lowering the income tax rates this might affect the country’s credit ratings. He also bucked calls to increase value-added tax (VAT) to compensate for the expected government revenue loss due to income rate cuts. […]
Costa Rican taxi drivers were the latest group to join the worldwide chorus of protests against Uber, the ride-hailing service, in San Jose on Sunday (September 13). Hundreds of drivers congregated in front of the Metropolitan Cathedral to voice their concerns and anger over what they view is a job stealing business. “Uber has done a lot of damage at the national level to the humble families of taxi drivers,” said Ivan Urena, the Costa […]
CEBU CITY, Cebu – As the Philippine Congress seeks to finalize a comprehensive tax reform law, the International Monetary Fund (IMF) has proposed that the country get more people to pay taxes while it lowers its income tax rate. Doing so would safeguard the country’s revenue stream, said IMF Resident Representative to the Philippines Shanaka Jayanath Peiris during a press briefing at the sidelines of the Asia-Pacific Economic Cooperation (APEC) meetings. “A comprehensive approach would […]
