Joint Foreign Chambers fully support “deep concerns” by Korean chamber on Jee
February 6, 2017
The Joint Foreign Chambers fully support the “deep concerns” by the Korean Chamber of Commerce Philippines regarding the kidnapping and murder of businessman Jee Ick-joo and “safety of local and foreign businessmen and residents at large in the Philippines.” In
Stocks climbed on Monday following a few sessions of lackluster trading last week
February 6, 2017
The Philippine Stock Exchange index closed 67.70 points higher to 7,294. 40. All sub-indices were up, except mining which ended 33.56 points lower to 11,881.59 points. Lepanto Consolidated, whose operations are to be suspended for six months after the Department
Government assessing impact of closure, suspension of mining firms
February 6, 2017
The Philippine government is assessing the economic impact of a closure and suspension order on 28 mines by the Department of Environment and Natural Resources (DENR). “The national impact, the impact on the GDP—that, of course is a concern. But
San Miguel acquires Australian packaging firm
February 6, 2017
San Miguel Corp. announced that its international packaging business, San Miguel Yamamura Packaging International Ltd. has acquired 100 percent of shares in Portavin Holdings Pty. Ltd. (Portavin), a company statement said Monday. Located in four key regions in Australia –
Lifting curbs on investment top Charter Change wishes of businessmen
February 5, 2017
Local and foreign business groups have urged the Duterte administration to pursue constitutional amendments, particularly provisions on foreign equity restrictions, under the current Congress. This was in a letter signed by 15 Philippine Business Groups – Joint Foreign Chambers, including
Stocks rally to end slightly higher
February 3, 2017
Stocks rallied in a sluggish session to finish a bit higher on Friday. The Philippine Stock Exchange index closed 0.79 points higher to 7,226.70 points after being down by as much as 38 points at one stage. Volume reached 1.83
Dominguez swears in Tan as PDIC chief, De Leon as national treasurer
February 3, 2017
Finance Secretary Carlos Dominguez III swore into office Roberto Tan as the new president of the Philippine Deposit Insurance Corp. (PDIC) making way for the appointment of Rosalia de Leon as the new national treasurer. Tan, national treasurer since 2015,
Stocks end slightly lower despite decline in mining shares
February 2, 2017
Stocks closed marginally lower on Thursday despite a decline in the mining and oil sector caused by the release of many mining firms ordered closed or suspended for three to six months by the Department of Environment and Natural Resources.
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