THE Philippine Statistics Authority said last week that its 2012 census of the accommodation and food service industries were a P361-billion industry in terms of revenue, led by restaurants and mobile food businesses.
Nov 182014
BusinessWorld Online: Economy
Nov 172014
PHILIPPINE telecommunications companies are the most exposed to margin declines next year in Southeast Asia as their profitable text revenue is replaced by data services, a report from the Fitch Ratings credit agency said on Monday.
Nov 172014
INFRASTRUCTURE expenditures grew in August, driven by key agencies’ settlements of payables and spending on rehabilitation projects and military modernization, data from the Department of Budget and Management (DBM) showed.
Nov 172014
IN THE RECENT Asia-Pacific Economic Cooperation Summit, President Benigno S. C. Aquino III told chief executives: “There is no better time to invest in the Philippines than now.” The president cited the steady growth of the country’s gross domestic product over the last four years, averaging 6.3%, as compared to 4.3% from 2006 to 2009. He said this growth partly due to increased investment and trade.
Nov 162014
THE PHILIPPINES has been endorsed by a Singapore government agency as an investment destination for the infrastructure and consumer sectors, among others, citing the country’s strong economic fundamentals amid robust investment inflows and solid domestic consumption buoyed by remittances.
Nov 162014
A REVIEW of the Electric Power Industry Reform Act (EPIRA) of 2001 will follow the discussions of a House panel on the joint resolution allowing the President to take necessary steps to plug the looming power shortage next year, a lawmaker said.
Nov 162014
IT HAS BECOME customary for employers to grant equity-based payments — the most common of which is the stock option — to their employees in their desire to continuously recognize and incentivize employees as partners in the success and growth of their companies.
Nov 132014
THE National Electrification Administration (NEA) has reduced its lending rates to electric cooperatives (ECs) as part of its regular review on loan pricing, the agency said in a statement yesterday.
Nov 132014
THE TOURISM department said it expects to hit its target of 6.8 million foreign tourist arrivals in the country by yearend despite the effects of typhoon Yolanda (international name: Haiyan) and travel advisories imposed by some countries.
Nov 132014
THE power subsidiary of listed conglomerate Ayala Corp. (AC) expects to bring in an additional 370 megawatts (MW) to the Luzon grid by the end of next year.