Business

Duterte thanks Chinese car maker for investing in PH

MANILA – President Rodrigo Duterte on Wednesday expressed gratitude to Guangzhou Automobile Corp. (GAC), a Chinese automobile maker, for investing in the Philippines. “It is indeed an honor to welcome GAC Motor to...

Farm output down 0.83% in Q3

MANILA -- The country’s agricultural output declined slightly by 0.83 percent in the third quarter of 2018 mainly due to decreases in the output of the crops and fisheries subsectors. The Philippine Statistics...

Vista Land nets P8.3-B in 9 months

MANILA -- Vista Land & Lifescapes Inc. expects to sustain its growth momentum in the fourth quarter and achieve 15 to 17-percent earnings increase this year on the back of positive economic...

DOF eyes 6.5% GDP growth in Q3

MANILA -- The Department of Finance (DOF) is projecting "at least 6.5 percent" growth for the Philippine economy in the third quarter this year, higher than the upwardly revised 6.2 percent in...

BOI foreign investment approvals up 156% in Jan.-Oct.

MANILA -- The Board of Investment (BOI) approved PHP39.3 billion worth of projects from foreign sources in the first 10 months of the year. BOI reported Wednesday that foreign investment pledges from January...

Peso back at 52-to-USD level, PSEi down ahead of GDP report

MANILA -- The continued anticipation of another increase in the Bangko Sentral ng Pilipinas’ (BSP) key rates before yearend lifted the peso back to the 52-to-the-greenback level Wednesday, but the Philippine Stock...
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