Economy

Economy

business category

Economy News Technology

Ant Financial, Ayala Corp to invest in Globe Telecom’s Mynt

MANILA and HANGZHOU, February 18, 2017 — Leading Philippine mobile operator Globe Telecom yesterday announced that Ant Financial Services Group, one of the world’s leading digital financial services ...
Read more 0
Economy Technology

Globe ends 2016 with record core net profit at P16B

Globe Telecom closed the year with all-time-high consolidated service revenues of close to P120.0 billion, outpacing the previous record level of P113.7 billion in 2015 by 6%, pushing ...
Read more 0
Economy News

Duterte admin’s inclusive growth agenda on track with 6.8% GDP growth

Finance Secretary Carlos Dominguez III said the country’s Gross Domestic Product (GDP) expansion of 6.8 percent in 2016 points to a domestic economy in “pretty good shape” and ...
Read more 0
Economy News

Iran seeks abaca supply, other Philippine Products

The Islamic Republic of Iran, long subjected to trade sanctions by the West, is now opening up its market to various agricultural products from the Philippines, especially Abaca ...
Read more 0
Economy

Gov’t banking on infra program to sustain 7% economic growth

MANILA, January 3, 2017 (PNA) — The Duterte administration is banking on its ‘Build, Build, Build’ infrastructure development program and four other factors to sustain a 7% economic ...
Read more 0
Economy News

Duterte orders closure of all online gaming firms

MANILA, December 23, 2016 (PNA) — President Rodrigo Duterte on Thursday ordered the closure of all online gaming firms based in the Philippines, saying the country has no ...
Read more 0
Finance news
Economy

DOF urges Congress to let sin tax law ‘run its course’

December 8, 2016 — Finance Secretary Carlos Dominguez III has urged the congressional oversight committee on the Sin Tax Reform Act to allow Republic Act No. 10351 or the Sin ...
Read more 0
Economy News

Senate to pass P3.35-trillion 2017 national budget on Monday

MANILA, November 24, 2016 (PNA) — Senate President Aquilino “Koko” Pimentel III on Thursday said that he expects the Senate to pass the proposed 2017 national budget of ...
Read more 0
Economy Life News

Peso movement vs Dollar is in line with other Asian currencies

Finance Secretary Carlos Dominguez III said the Philippine peso’s breaching of the P50 level against the dollar is an expected reaction of the local currency to the anticipated ...
Read more 0
Economy News

Russians to buy US$ 2.5 billion worth of Philippine fruits and vegetables

President Duterte foreign policy shift away from the United States and into the spheres of influence of China and Russia has again been proven to be the right ...
Read more 0