By Ruelle Albert Castro | March 27, 2017 392 View(s) 0 Comment(s)
Ayala Corp. expects to ramp up its renewable energy (RE) holdings in the next four years as the company pushes to raise its attributable power portfolio to 2,000 megawatts (MW) from the current 1,300 MW.
DUBAI- Fitch Ratings cut its assessment of Saudi Arabia’s credit quality on Wednesday, citing deterioration of state finances due to low oil prices and doubts over whether Riyadh can achieve its economic reform plans.
DUBAI- Amazon.com Inc has agreed in principle to buy Dubai-based internet retailer Souq.com, one of the best-known names in the Middle East’s online shopping market, sources familiar with the deal said on Wednesday.
SINGAPORE- Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production.
by ASHZEL HACHERO on March 23, 2017 531 View(s) 0 Comment(s)
The Bureau of Internal Revenue (BIR) yesterday filed a P9.564-billion tax evasion case before the Department of Justice against cigarette maker Mighty Corp. and its officials for using bogus tax stamps on their products to evade the payment of excise tax to the government.
Despite the dramatic decline in global trade coupled with protectionist forces in advanced global economies, exports will remain a major growth driver for most Asian economies such as the Philippines, according to an economist from the Asian Development bank (ADB).
by ALBERT CASTRO on March 23, 2017 250 View(s) 0 Comment(s)
Bond issuance in the Philippines now stands at a cumulative P4.87 trillion ($98 billion) as it grew 2.3 percent in the fourth quarter of last year compared to the prior year, according to the Asian Development Bank (ADB).
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