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Weak electronics exports vs global mart upturn

An economist has raised concern over weak exports revenue of Philippine electronics sector amid the sector's global recovery. IHS Global Insight Asia Pacific Chief Economist Rajiv Biswas said the country’s electronics sector was a “particular concern” after it grew flat…

WhatsApp vulnerable to snooping: report

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LONDON - The Facebook-owned mobile messaging service WhatsApp is vulnerable to interception, the Guardian newspaper reported on Friday, sparking concern over an app advertised as putting an emphasis on privacy. The report said that WhatsApp messages could be read without…

Microsoft buys Canadian AI startup Maluuba

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SAN FRANCISCO - Microsoft announced Friday a deal to buy Maluuba, a Montreal startup focused on making machines able to think the way people do. Bringing on board Maluuba co-founders Kaheer Suleman and Sam Pasupalak, along with their team from…

6 more Asian banks keen on Manila

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Six more foreign banks have indicated interest to open offices in the Philippines, Bangko Sentral Governor Amando Tetangco Jr. said. Tetangco disclosed this in his speech during the Bankers’ Night Tuesday, which the central bank holds annually for stakeholders at…

GDP to grow 6-7% in 3 years

The World Bank has seen sustained economic growth in the Philippines at 6.0- to 7.0-percent level in the next three years. In its 2017 Global Economic Prospects report released in Washington on Tuesday (Wednesday in Manila), World Bank forecasted gross…

Domestic liquidity to remain high

Domestic liquidity is expected to remain high following the ban against trust entities from tapping the Bangko Sentral overnight deposit facilities and the Term Deposit Facility. BSP Deputy Governor Diwa Guinigundo said the end of the holiday season, during which…

Ayala invests in Indon wind farm

Conglomerate Ayala Corp. has signed a deal with UPC Renewables Indonesia Ltd. for the construction and operation of a $150-million wind farm project in Sidrap, South Sulawesi, Indonesia, its first greenfield offshore investment. Ayala told the local bourse the Sidrap…

Maybank Foundation aids PWD’s, etc.

Helping people, particularly the marginalized and those with disabilities, stand on their own. Thus, the goal of Maybank Foundation’s Reach Independence and Sustainable Entrepreneurship program, which was launched in the Philippines Wednesday. Maybank Foundation chief executive officer Shahril Azuar Jimin,…

Slight rebound for export sector seen

The export sector is expected to slightly recover and post a flat to positive growth in 2017 due to increased trade with China and Russia and as economies of the country’s major markets pick up. “Well, it is going to…

Q4 GDP likely grew 6.8%-7.1%

The Philippine economy is expected to have grown by 6.8 percent to 7.1 percent in the fourth quarter of 2016, bringing the average full-year growth to about 7 percent, according to the National Economic and Development Authority. NEDA Director-General Ernesto…

2016 vehicle-sales growth quickens

Automotive vehicle sales growth for the full year of 2016 further accelerated to 24.6 percent, faster than the 22.9 percent expansion in 2015. The joint report of Chamber of Automotive Manufacturers of the Philippines, Inc. and Truck Manufacturers Association released…

Tap China-ASEAN Fund, firms urged

Philippine companies are encouraged to avail themselves of equity investment fund that provides capital support to outstanding firms in both China and the ASEAN region to grow their businesses. Patrick Ip, Principal of China-ASEAN Capital Advisory Co. Ltd., said the…

Deadline for old peso bills March 31

LEGAZPI CITY -- The Bangko Sentral here announced the extension of the deadline for the exchange or replacement of the old Philippine banknote series, also known as the New Design series banknotes or NDS to March 31, 2017. Marlyn Paje,…

BdO sets terms for P60-B stock offer

BDO Unibank, Inc. announced that it has fixed the final terms for its P60 billion stock rights offering of up to 716.4 million common shares (the “Rights Shares”) to stockholders as of record date January 10, 2017. Each eligible stockholder…
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