SINGAPORE — Two leading American business groups said yesterday that US firms operating in Association of Southeast Asian Nations (ASEAN) countries are skeptical the regional bloc can meet a 2015 deadline to establish a single market.
Aug 202013
Aug 202013
KORONADAL — Commercial rice prices in South Cotabato province will remain expensive until the bulk of palay harvests come in by October, Department of Agriculture (DA) officials said on Tuesday.
Aug 192013
AN INITIAL 12,000 metric tons (MT) of “A” or US sugar have been converted to “D” or world market sugar, an official from the Sugar Regulatory Administration (SRA) said yesterday.
Aug 192013
TACLOBAN CITY — The Millennium Challenge Account — Philippines (MCA-P) and the Department of Public Works and Highways (DPWH) may tap the local communities or the Conditional Cash Transfer program beneficiaries for the maintenance of Samar roads.
Aug 192013
DEFINITE targets and time-bound state action, on top of an inclusive growth strategy, will help reduce deprivations among the poor in Asian countries, according to a study by the National University of Singapore (NUS) and the Asian Development Bank (ADB).
Aug 192013
MANILA, Philippines – At least three banks canceled operations on Monday in light of heavy rains and flooding in Metro Manila and surrounding provinces. Security Bank announced the suspension of its branches’ operations in Metro Manila and several areas in Luzon affected by typhoon Maring. “Customers from affected areas can still access their accounts thru ATMs (automated teller machines) and its eBanking Facility,” it said. The bank added that it can be reached through 88-791-88 should customers need additional assistance. Bando de Oro Unibank similarly suspended its operations in Metro Manila and some areas in Rizal and Cavite, Bulacan and Laguna. Meanwhile, Land Bank of the Philippines canceled the operations of its Metro Manila branches after 12 p.m. It noted, however, that its ATM branches remain operational 24/7. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Bank of the Philippine Islands (BPI), on the other hand, said it will be business as usual for its head office and Luzon branches until 3 p.m. today. BPI branches and offices in Visayas and Mindanao will remain open up to 4:30 p.m. “This will give our customers ample time to fulfill their banking transactions for the day and also allow our employees enough time to go home early,” it said. It added that its ATM branches and online services remain operational.
Aug 182013
THE TRADE department hopes to file the country’s application to enter a preferential tariff program with the European Union (EU) by the end of the month, an official said.
Aug 182013
THE SENATE will start its review today of the current project allocations for education, health, and the Conditional Cash Transfer (CCT) program to kick off the budget deliberations, the chamber head said yesterday.
Aug 182013
(Second of two parts) IN THE first part of this article, we discussed the circumstances leading to the growing importance of credit valuation adjustment (CVA) and counterparty credit risk, as well as the financial reporting requirements relating to CVA and debit valuation adjustment (DVA) and an overview of its calculation.
Aug 182013
MANILA, Philippines – Ilaw ng Tahanan, a project designed to train women inmates to produce low-cost solar lamps, brings young Filipino lawyers Margarita N. Gutierrez and Doranne Lim to Singapore for the finals of Project Inspire: 5 Minutes to Change the World, hopefully to win the US$25,000 Women’s Empowerment Grant. Gutierrez and Lim will compete with nine other Project Inspire finalists from Canada, India, Netherlands, Pakistan, Sri Lanka, Tanzania, Timor-Leste, Uganda and United States, whose projects will benefit communities in Asia/Pacific, the Middle East or Africa (APMEA). The 10 finalists were selected based on their sustainability, impact and economic or social benefit, out of this year’s 577 submissions from 62 countries around the world. Jointly organized by the Singapore Committee of UN Women and MasterCard and supported by INSEAD, Project Inspire is a digital and social media driven initiative that encourages young people across the world to empower disadvantaged women and girls. It was launched in 2011, to coincide with the 100th anniversary of International Women’s Day and the 25th anniversary of MasterCard in APMEA. Open to 18-35 year olds all over the world, Project Inspire provides a five-minute platform for pitching transformative, sustainable ideas and a grant for the winner to implement the initiatives, which can range from education and skills training, to financial inclusion or social entrepreneurship. It’s the third time Filipinos made a mark on the competition. For Project Inspire 2011, a micro-entrepreneurship program, Hapinoy, won the Grand Prize. Hapinoy equipped underprivileged women with the skills, tools, Read More …