PRESIDENT Aquino, assisted by Technical Education and Skills Development Authority (TESDA) Director General Emmanuel Joel Villanueva, distributes ballers to the participants of the 7th Puregold ‘Tindahan Ni Aling Puring Sari-Sari Store’ Convention during the tour and inspection of the booths at the World Trade Center at the corner of Gil Puyat Avenue Extension and Diosdado Macapagal Boulevard, Pasay City, yesterday. (Photo by: Robert Viñas / Malacañang Photo Bureau)
AMERICAN contemporary ballet company Trey McIntyre Project performs at Central Philippine University in Iloilo City. Its 10-day Philippine tour is a joint program of the U.S. Embassy in Manila and the Cultural Center of the Philippines. (Photo by Tara Yap)
CAGAYAN’s Junar Arce (center) finds himself sandwiched by Gio Ciriacruz and Kelly Nabong of Blackwater during PBA D-League action last night at The Arena in San Juan.
MIAMI Heat guard Dwyane Wade, foreground, regains control of the ball as he is guarded by Indiana Pacers guard Paul George, rear, during Game 2 of their NBA basketball Eastern Conference semifinal playoff series in Miami.
VENDORS arrange bananas in a makeshift stall on Road 10 in Tondo, Manila, as they sell ‘lakatan’ at P30 per kilo yesterday morning. The Philippines’ fruit exports to China, particularly bananas, seem to have trouble getting cleared by Chinese Customs amid a tense standoff between the two countries over the disputed islands on the West Philippine Sea. Fruit shipments, especially bananas, were rotting in Chinese ports because pests were allegedly discovered in some produce, prompting stricter quarantine inspections. (Photo by Linus Escandor II)
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Banking industry remains healthy – PH gov’t
MANILA, Philippines (Xinhua) – The Philippine government assured investors on Friday that the banking industry in the country remains healthy despite the closure of a local bank. “The case of Export-Import Bank (EIB) is not indicative of the state of the banking industry in the entire country,” Deputy Spokesperson Abigail Valte said in a news briefing. Incoming search terms:reason...
PHL inflation eases to new low in March
MANILA, Philippines – Philippine inflation slowed to a two and a half year low of 2.6 percent in March on easing utility and transport prices, the National Statistics Office (NSO) reported Wednesday. This is the lowest annual inflation change recorded since September 2009 when inflation eased to 2.2 percent. The NSO said the indices of alcoholic beverages and tobacco, clothing and footwear,...
Yahoo to shed up to 2,000 jobs
New York (dpa) – Yahoo Inc was to announce Wednesday that it would cut up to 2,000 jobs as the internet pioneer faces declining revenues and increasing competition, a news report said. The jobs cuts were the tip of the iceberg with more cutbacks to come in the coming months, the Dow Jones & Co Inc-owned industry news blog All Things Digital reported, citing sources close to the situation. Yahoo...
PHL stocks end down ahead of long holiday
MANILA, Philippines – Activities in the Philippine stock market continue to slowdown Tuesday as most investors are already on holiday mode. The bellwether Philippine Stock Exchange index slipped by 1.06 percent or 54.38 points to 5,056.48. The broader all-share index lost 0.61 percent or 21.13 points to 3,436.68. Trading volume reached 3.48 billion shares worth 5.28 billion pesos (123.84 million...
Philippines rejects all bids for 6-mth, 1-yr T-bills
MANILA, Philippines (Reuters) – The Philippines’ Bureau of Treasury withdrew its offer to sell 182-day and 364-day T-bills on Monday after rejecting high bids submitted by banks at an auction. The Treasury was planning to raise 2 billion pesos ($47 million) and 3.5 billion pesos from the sale of 182-day and 364-day bills respectively. It earlier awarded 2 billion pesos worth of bids...
Window dressing put Philippine stocks on rise
MANILA, Philippines — Window dressing for the first quarter of the year sent the Philippine stock market rallying on Friday. The bellwether Philippine Stock Exchange index gained 0.44 percent or 22.49 points to 5,107.73, while the broader all-share index rose by 0.32 percent or 11.30 points to 3,458.73. Trading volume reached 2.38 billion shares worth 6.54 billion pesos (152.29 million U.S....
Investments in Technology and Personnel Key to ASEAN Business Leadership
SCG Presents Strategy to Attain Sustainable Business Leadership in a Regional Environment Manila, Philippines – Companies in ASEAN must move away from a domestic and cost-based paradigm and onto a regional mindset that places importance to high value-added (HVA) products and services. This is the key insight from Kan Trakulhoon, President and Chief Executive Officer of the Siam Cement Group...
PHL stocks end down on profit taking
MANILA, Philippines – Profit taking after the Philippine stock market reached a record high sent the index closing lower on Thursday. The bellwether Philippine Stock Exchange index slipped by 0.38 percent or 19.21 points to 5,031.78. The broader all-share index retreated by 0.34 percent or 11.58 points to 3,376.91. Trading volume reached 5.79 billion shares worth 8.03 billion pesos (186.37 million...
PH shares end up 0.71 pct Thursday
MANILA, Philippines — Philippine shares closed 0.71 percent higher Thursday. The benchmark Philippine Stock Exchange index increased by 34. 83 points to 4,956.19. The all-share index went up by 22.43 points, or 0.68 percent, to 3,347.75. Trading volume reached 4.94 billion shares worth 6.42 billion pesos (149.37 million U.S. dollars). There were 111 gainers, 53 losers while 34 stocks closed...
