Google reaffirms commitments to help PH grow


MANILA — Since it opened its office in the Philippines in 2013, Google continues to be a partner for growth in the country. During Google Philippines fifth anniversary, its country manager Ken Lingan announced the company’s thrust in the Philippines in the coming years. Lingan said Google Philippines focus now is to help Filipino businesses […]

Apple halves iPhone X production due to low demand


TOKYO, February 3 — US Corporation Apple will halve production of its new smartphone iPhone X in January-March from 40 to 20 million devices due to low demand, the Nikkei newspaper reported on Tuesday. The company had already notified the suppliers of components. Apple said that low sales of the flagship model during the festive […]

50 Philippine entrepreneurs undergo Business Leadership Training


Nearly 50 emerging entrepreneurs in the Southern Philippines underwent a Training on Developing the Business Leader within you, a whole day training program focusing on the business leadership competencies enterprising businessmen with diverse business backgrounds. Hosted by the Zamboanga Chamber of Commerce and Industry Foundation, Inc. (ZCCI) the intensive training focused more on three core […]

Creation of Davao halal council seen to attract tourists from BIMP-EAGA


DAVAO CITY, April 22 (PNA)–The City Tourism Office here expects an increase in tourist arrivals from neighboring Muslim countries following the creation of the Davao City Halal Industry Development Council. City Tourism Officer Gene Rose Tecson on Thursday said the halal industry can attract more tourists to the city, especially those coming from Brunei Darussalam, […]

Shell gives up stake in New Zealand natural gas field

Shell sells off interest in a gas field in New Zealand and hints at the possibility for further action. Photo courtesy of Royal Dutch Shell.

April 6 (UPI) — Royal Dutch Shell announced Thursday it was selling off its share in one of New Zealand’s larger gas fields to its joint venture partner, Todd Energy. For an undisclosed sum, Shell said it was transferring its assets in the Kapuni gas field to the joint venture partner. In a statement, the […]

ARMM approves P32 million Cold Storage and Fish Processing investment in Tawi-Taw


DAVAO CITY, March 29 — The Regional Board of Investments (RBOI) in the Autonomous Region in Muslim Mindanao (ARMM) approved today the application for registration of Abing Seafoods and Cold Storage (ASCS). The company based  in Bongao, Tawi-Tawi  will engage in a Php 32 million marine resource business. The ASCS  is into responsible and rational […]

ARMM hopeful of more banana exports to Japan after Duterte visit


COTABATO CITY, November 3 — After the recent announcement of Secretary Manny Pinol of the Department of Agriculture about the potential for more exports of bananas to Japan coming from the Autonomous Region of Muslim Mindanao (ARMM), its Regional Board of Investments (RBOI) confirmed that the ARMM is gearing up for the challenge and is […]

Concerns raised over falling New Zealand unemployment figures – Xinhua


WELLINGTON, Nov. 2 — New Zealand’s unemployment rate fell below 5 percent for the first time since 2008 in the September quarter, but critics raised concerns over the reliability of the figures. The unemployment rate in the quarter to the end of September was 4.9 percent, down from 5 percent in the previous quarter, the […]

ADB President Urges Pakistan to Stay on Course with Economic Reforms to Preserve Gains

ADB President Takehiko Nakao meeting with Pakistan Prime Minister Mian Muhammad Nawaz Sharif in Islamabad.

ISLAMABAD, PAKISTAN – Asian Development Bank (ADB) President Takehiko Nakao today met with Pakistan Prime Minister Mian Muhammad Nawaz Sharif to discuss the government’s development priorities and ADB’s partnership with Pakistan. Mr. Nakao conveyed his deepest condolences to the people of Pakistan for the tragic incident that happened in Quetta last night. The meeting came […]

PH exports to EU increase by 27%

Makati Philippines. (Photo by Justine James Wright)

MANILA, Feb. 16 — Philippine exports to the European Union (EU) increased by 27 percent. Under the Generalized System of Preferences Plus (EU-GSP+), the Philippines can now export 6,274 eligible products duty-free to the EU market. Prior to December 2014, the Philippines was covered by the regular EU-GSP, which provides zero duty to only 2,442 products. […]

Japan, India Ink civil nuclear energy cooperation deal


NEW DELHI, December 13 — Tokyo and New Delhi signed agreements on peaceful use of nuclear power and on the construction of a 500-kilometer railway linking the western Indian cities of Mumbai and Ahmedabad. Japan and India clinched a deal on peaceful use of civil nuclear power, the Indian Prime Minister Narendra Modi announced Saturday. […]

Philippines cites surge in FDI inflows and exports in 2014


MANILA, February 12 — While statistics for the whole of 2014 are still being compiled, the Bangko Sentral ng Pilipinas ( BSP), the country’s central bank, said on Wednesday that foreign direct investments (FDI) inflow into the Philippines rose significantly during the 11-month period of last year. In a statement, the BSP said that on […]

Gov’t to roll out two PPP projects worth Php 69-B in Q1

MANILA, January 24 — The government is set to roll out this quarter two major infrastructure projects worth Php 69.17 billion under the Public Private Partnership (PPP) program. PPP Center Executive Director Cosette Canilao said these are the Php 18.99-billion Davao Sasa Port Modernization Project and the Php 50.18-billion Regional Prison Facilities thru PPP. “We […]

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