The government said growth likely picked up in the second quarter, and the private sector led it amid weak state spending.
Tagged: business franchise
A state-owned Chinese oil firm has rejected the proposal of business tycoon Manuel V. Pangilinan to invest in a contract to drill in the disputed Reed Bank but welcomed “innovative” proposals on how it can participate, according to a memorandum Pangilinan submitted to President Benigno Aquino.
MANILA, Philippines – In the easy language of the markets, those who buy and sell stocks can claim the title “investor.”
More money entered the country than what went out in May, a reflection that emerging markets have started to regain their attractiveness to foreign investors.
Asian shares were mixed Monday with China buoyed by recent data indicating recovery, but other markets were unsettled by drops on Wall Street and the bailout of a crisis-hit Portuguese bank.
The Lucio Tan-led conglomerate LT Group Inc. saw a 61-percent year-on-year drop in first-quarter net profit to P1.61 billion due to slower earnings from the banking, tobacco and real estate units alongside the loss incurred by its hard liquor business.
MANILA, Philippines – Megawide Construction Corp. is planning to raise P5 billion to participate in the bidding of more infrastructure projects under government’s public-private partnership (PPP) program.
The world economy can expect steady growth at best over the coming year, but any rapid slowdown in China as it tries to rebalance its economy could upset the still-unsteady progress, Reuters polls showed.
Recently, finally, after some two years of indecision, mixed with uncertainty, the Aquino (Part II) administration sprang an amazing proposal upon the beleaguered mining industry: Just give to the government 50 percent of your gross income as tax payment.