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Category archives for: Business

ADB puts up climate change network, finance center in PH

ADB

The availability of low-carbon and climate-resilient technologies in Asia-Pacific will be expanded through the new Climate Technology Network and Finance Center, the Asian Development Bank (ADB) announced over the weekend.

DENR sounds alarm over gold smuggling

Environment and Natural Resources Secretary Ramon Paje

The Department of Environment and Natural Resources (DENR) over the weekend asked the help of the Presidential Anti-organized Crime Task Force to stop the massive smuggling of gold in the country.

Finance tightens rules for LGU borrowings

APPLYING for authority to borrow money from banks and other financial institutions will no longer be easy for local government units (LGUs) with the stricter rules issue by the Bureau of Local Government Finances.

Domestic liquidity surges 9.1% in April

BSP

THE growth of the financial system’s broadest measure of money, domestic liquidity or M3, surged at a faster pace of 9.1 percent year-on-year in April from the 5.6-percent growth recorded a month earlier to reach P4.6 trillion.

New mining policy signed next week

Environment and Natural Resources Secretary Ramon Paje

PRESIDENT Benigno Aquino 3rd is expected to sign next week the mining policy statement that will provide a new direction to the country’s mineral sector, the Department of Environment and Natural Resources (DENR) said on Friday.

Oil Prices Continuing To Slide

Chairman Ben S. Bernanke

SINGAPORE (AP) – Oil prices fell to near $83 a barrel Friday in Asia after Federal Reserve Chairman Ben Bernanke gave no hint that the central bank is planning stimulus measures to revive a faltering recovery.

Gross international reserves dip to $76B

BSP Governor Amando Tetangco Jr.

THE Bangko Sentral ng Pilipinas (BSP) said on Thursday that the country’s gross international reserves (GIR) climb to $76 billion at the end of May this year.

PH tourism still lagging behind in region

Tourism Secretary Ramon R. Jimenez

The Sexy Statistics of the National Statistical Coordination Board (NSCB) released on Thursday shows that the Philippines still has a lot of catching up to do in tourism, even if did better than its Southeast Asian counterparts many years ago.

Mindanao Power Solutions Remain Tentative

Energy Secretary Jose Rene D. Almendras

Power supply shortages in Mindanao have eased, the Department of Energy (DOE) says so. But that is just half the story.

Govt sees 8 PPP projects approved in 2012

PPP Center Director Cosette Canilao

The government is confident in achieving the target of eight public-private partnership projects this year as President Benigno Aquino 3rd gave the go signal to start the Invitation to Pre-qualify to Bid for the second phase of the P15.86-billion Ninoy Aquino International Airport (NAIA) Expressway project this month, according to Philippine PPP Center on Wednesday.

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