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Business News

Chemical industry aims for ste

by Irma Isip on September 12, 2013
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The chemical industry is benefitting from the growth of the domestic construction and manufacturing sectors even as its products are also enjoying robust demand in the export market, according to Roberto Batungbacal, president of the Samahan sa Pilipinas ng mga Industriyang Kimika (SPIK).

With Goldman’s oil burned, ban

by Reuters on September 12, 2013
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NEW YORK - On a sunny summer morning last month, a quiet Sacramento suburb was suddenly shaken by an explosion at the Elk Grove refinery, a small industrial plant that produces asphalt.

Canada, Ontario sell part of

by Reuters on September 12, 2013
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TORONTO - The Canadian and Ontario governments said on Tuesday they would sell nearly a quarter of their common shares in General Motors Corp, part of a longer-term plan to shed the stock they acquired in 2009 when they 
helped the U.S. government bail out the automaker.

Population ups jobless rate

by Angela Lorraine Celis on September 11, 2013
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An increase in the number of new entrants to the labor force due mainly to unchecked population growth  pushed up the unemployment rate to 7.3 percent in July from the 7 percent a year ago, according to government data released yesterday.
 
The latest Labor Force Survey showed that the number of unemployed went up to three million in July from 2.8 million in the same period last year.

One Asean market seen as real

by Irma Isip on September 11, 2013
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The Association of Southeast Asian Nations (Asean), on track of becoming a single market by the end of 2015, targets to get to 90-95 percent the rate of implementation of measures under the Asean Economic Community (AEC) blueprint by December 2015 from 79.7 percent at present. 

Cut in mining investments seen

by MADELAINE D. CABRERA on September 11, 2013
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Investments in mining are expected to drop by 2016 if the revenue sharing scheme under the new law will remain unresolved according to the Chamber of Mines of the Philippines.
 
Benjamin Philip Romualdez, COMP president, told Malaya Business Insight yesterday that investments in the next three years will “certainly and dramatically go down.”

Better jobs for the better edu

by Richmond Mercurio on September 11, 2013
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For Filipinos, education could mean more money and better jobs, a recent study conducted by global research firm Nielsen showed.
 
The Nielsen study revealed that the Philippines ranked first in the world together with India and Thailand as having citizens who believe that education leads to better employment.

Exports post modest growth in

September 11, 2013
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The country’s merchandise exports in July increased by 2.3 percent from the year before due to a double-digit jump in shipments of electronic products.
 
Data released yesterday by the National Statistics Office (NSO) showed that export earnings in July amounted to $4.84 billion, up from the $4.73 billion recorded in the same period last year.

Farmers can grow car fuel blen

by PAUL ICAMINA on September 11, 2013
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BATAC, Ilocos Norte – Cars may now run on fuel produced by small farmers from crops and agri wastes.
 
The fuel will be harvested from plants grown in villages, scientists at the Mariano Marcos State University (MMSU) say.

Factory output jumps 12% in Ju

September 11, 2013
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The country’s factory output in July jumped by 12.1 percent due to the triple-digit hike in the production of furniture and fixtures and chemical products, data from the National Statistics Office showed.
 
According to the latest Monthly Integrated Survey of Selected Industries, manufacturing output in July, as measured by the volume of production index, grew faster than the 3.8 percent hike recorded in the same time in 2012, and the 8.2 percent increase registered last June.

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Front Page

Column of the Day

Duterte immobilized

By DODY LACUNA | March 24,2017
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‘He should deter the AIDS outbreak victimizing the youth whom he has pledged to protect always.’

Opinion of the Day

Reviving Laguna de Bae (2)

By DAHLI ASPILLERA | March 27, 2017
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‘Industry and residents must be disciplined; penalized. “We are doing all these for the local subsistence fishermen.” – Jaime Medina, LLDA general manager.’