Archive for the Category ‘Business’

DOLE reminds employers of pay rules for Eid’l Fitr Friday

DOLE reminds employers of pay rules for Eid’l Fitr Friday

As Filipinos prepare for another long weekend ahead, the Department of Labor and Employment is reminding employers to observe the pay rules on Friday for Eid’l Fitr, a holiday marking the end of the Islamic holy month of Ramadan.

US stocks fall as worries about European debt return

US stocks fall as worries about European debt return

Stocks closed lower Tuesday following new worries about Europe's debt problems. Treasury prices rose and gold settled at a new high as investors sought out safe assets.

Pag-IBIG starts blacklist proceedings vs Globe Asiatique

Pag-IBIG starts blacklist proceedings vs Globe Asiatique

The Pag-IBIG Fund on Tuesday said it has started the proceedings to blacklist real estate developer Globe Asiatique Realty Holdings Corporation for allegedly scamming at least P6.6 billion in housing loan proceeds.

Banker Emmanuel Ledesma is new PSALM president

Banker Emmanuel Ledesma is new PSALM president

The Energy Department announced on Monday the appointment of investment banker Emmanuel R.

No HK tourist after Manila hostage tragedy - travel exec

The local travel agency that accommodated the 21 Hong Kong tourists who were held hostage - eight of them killed - by a dismissed policeman last August 23 reported that its business has been severely affected by the tragedy.

Asian markets climb as double-dip fears ease

Asian markets climb as double-dip fears ease

SINGAPORE - Stocks in Asia advanced Monday following solid gains in the US as fears eased that the global economy could slip back into recession.

Jan.-July abaca output up 5% to 29,562 MT - report

Jan.-July abaca output up 5% to 29,562 MT - report

Abaca fiber production from January to July this year went up almost 5 percent to 29,562.6 metric tons from a year earlier, according to Fiber Industry Development Authority.

Businesswoman escapes kidnap try in Sultan Kudarat

A businesswoman on Saturday escaped a kidnapping attempt on her in Sultan Kudarat province in southern Philippines by breaking free from two of her five fully armed would-be abductors.

Sagittarius, Environment groups slug it out over Tampakan

Sagittarius, Environment groups slug it out over Tampakan

Mining operations at the largest untapped copper and gold reserves in Southeast Asia still haven't started, and environmental advocates are doing all they can to forestall the Tampakan project in Mindanao.

ADB okays Philippines' $400M loan application for cash transfers

ADB okays Philippines' $400M loan application for cash transfers

The Asian Development Bank (ADB) has approved a $400-million loan of the Philippine government that would finance its conditional cash-transfer (CCT) program, locally known as the “Pantawid Pamilyang Pilipino Program.”

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