Friday, December 21, 2012
Two Philippines-based subsidiaries of Taiwan's electronics conglomerate Kinpo Group opened new factories in a Philippine industrial park south of Manila Wednesday.
Thursday, December 20, 2012
Philippine President Benigno Aquino on Wednesday signed into law a 2.005-trillion-peso (US$49 billion) budget for 2013, vowing to use higher taxes on tobacco and alcohol to boost programs to reduce poverty.
Tuesday, December 18, 2012
One of the cheapest places in the world to light up is about to make smoking more expensive. In an effort to cut high smoking rates, Philippine lawmakers have voted to more than double the cost of cigarettes with hefty tobacco tax hikes on some popular brands.
The Philippine economy could expand at just below the minimum yearly average needed to curb poverty as it builds momentum for future years, according to trade leaders.
Thursday, December 13, 2012
The Philippines continued to generate positive economic forecasts from foreign institutions following a surprise third-quarter growth.
Wednesday, December 12, 2012
The Philippines suffered a big drop in foreign direct investments (FDIs) in September in what officials claimed was due to global economic problems.
Tuesday, December 11, 2012
Hong Kong-based Energy World Corp. Ltd. is building an impressive power portfolio in the Philippines comprising natural gas facilities and renewable energy power plants, with investments possibly exceeding US$1 billion.
Tuesday, December 4, 2012
Long overlooked as part of the workforce, the Philippines' estimated 2 million domestic helpers will get a minimum wage that will be periodically reviewed and other benefits after a 16-year legislative slog to get the measures through Congress.
Thursday, November 29, 2012
The peso yesterday rose further to break into the 40-to-a-dollar territory on the back of robust remittances and increased appetite among investors for peso-denominated securities.
The Philippines said Wednesday the economy grew 7.1 percent year-on-year in the three months to September, making it the best performer in Southeast Asia and putting it on track to beat its annual forecast.