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Furniture makers eye Asean market

By Tyrone Jasper Piad March 20, 2019 Local furniture makers are eyeing to expand their business overseas as they try to tap the growing Association of Southeast Asian Nations (Asean) market given the region’s positive economic outlook. “The forecast globally is that in the next 10 to 15 years, Asia …

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PH to host key energy events

By JORDEENE B. LAGARE March 20, 2019 THE two regional gatherings to be hosted by the Philippines will highlight the importance of the strong partnership between the government and the private sector in the attainment of the country’s energy development agenda. For the second time in the Philippine history, the …

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Value-added processing needs right policies – PNIA

By EIREENE JAIREE GOMEZ March 20, 2019 A back hoe works at a mining site in Mount Canatuan, Siocon town, Zamboanga del Norte. PHOTO BY AL JACINTO While the Philippine mining industry recognizes the benefits of putting up value-added processing plants in the country to lower production costs and raise …

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Trade data discrepancy widens

By MAYVELIN U. CARABALLO, TMT March 20, 2019 Trade data discrepancies widened last year, the Finance department said on Tuesday as it pointed to export data collection problems. In an economic bulletin, the department said a comparison of data reported in the International Monetary Fund’s Direction of Trade Statistics and …

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Paris joins Singapore, HK as world’s priciest cities

By AGENCE FRANCE-PRESSE March 20, 2019 SINGAPORE: Paris has climbed to the top of the world’s priciest city for expatriates, tied first with Singapore and Hong Kong according to a survey on Tuesday that named the capital of strife-torn Venezuela as the cheapest. The French capital was the only eurozone …

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PSEi down ahead of policy meetings

By ANGELICA BALLESTEROS, TMT March 20, 2019 THE stock market retreated on Tuesday as investors repositioned portfolios ahead of the results of US Federal Reserve and Bangko Sentral ng Pilipinas (BSP) policy meetings. The benchmark Philippine Stock Exchange index (PSEi) dropped by 0.38 percent or 29.61 points to close at …

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BoP surplus narrows; end-Feb tally tops $3B

By MAYVELIN U. CARABALLO, TMT March 20, 2019 THE country’s balance of payments (BoP) position remained positive in February but declined from the previous month’s six-year high, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday. The $467-million result — significantly lower than January’s $2.704-billion — was a reversal from …

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Contribution hike to start April – SSS

By MAYVELIN U. CARABALLO, TMT March 20, 2019 Higher Social Security System (SSS) contribution rates will be implemented starting next month, the state-run pension fund announced on Tuesday. SSS members lining up to pay their bills in the SSS main office in QC. members should expect an increase in monthly …

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EU regulators fine Google $1.68B US for abusing online ads market

New European Union regulators have fined Google $1.68-billion US fine for abusing its dominant role in online advertising. Google on Wednesday was fined $1.68 billion US by the European Union's competition commission following a probe into the company's AdSense advertising business.(The Associated Press) European Union regulators hit Google with a …

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Locsin praises China’s ruling Communist Party

By The Manila Times March 20, 2019 Chinese Foreign Minister Wang Yi (right) shakes hands with Foreign Affairs Secretary Teodoro Locsin Jr. at Diaoyutai State Guesthouse Wednesday, March 20, 2019 in Beijing, China. (Andrea Verdelli/Pool Photo via AP) BEIJING: The Philippine foreign secretary has heaped praise on China’s ruling Communist …

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