Business

Philippines' April inflation at lowest in nearly 2 years

MANILA - Philippine annual inflation slowed in April to hit its lowest rate in nearly two years as the pace of food price gains decelerated, the statistics agency said on Tuesday.Full article

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NEDA warns of El Nino inflationary effect

As of 05/06/2015 7:45 AM
An intensified effect of the El Niño weather phenomenon on agricultural areas could stoke inflation in the coming months, a National Economic and Development Authority (NEDA) official warned yesterday. Full article

Non-compliance with labor laws could cost PH $500M in exports

As of 05/06/2015 7:43 AM
The Philippines could lose some $500 million in export sales if local companies fail to comply with existing labor laws, the Department of Labor and Employment (DOLE) yesterday warned. Full article

Banks remain strong despite lower capital ratios

As of 05/06/2015 7:41 AM
Capital ratios of universal and commercial banks slid last year from 2013 levels due to the stricter capitalization rules but remained strong and well-above the Bangko Sentral ng Pilipinas’ requirements. Full article

BDO ATMs offline early Wednesday

As of 05/05/2015 9:21 PM
BDO Unibank's (BDO) ATMs and other services will be offline early Wednesday morning, the bank said Tuesday night. Full article

Nickel Asia sees record 2015 sales after strong Q1

As of 05/05/2015 6:20 PM
Nickel Asia Corp, the Philippines' biggest nickel miner by output and sales, said it was confident of sales this year exceeding the record-high volume in 2014. Full article

PNR suspends train operations indefinitely

As of 05/05/2015 6:17 PM
Philippine National Railways on Tuesday said it has indefinitely suspended its Metro Commuter train service from Tutuban station, Manila to Calamba, Laguna. Full article

PSEi up for 2nd straight day

As of 05/05/2015 5:55 PM
The Philippine Stock Exchange index (PSEi) was among the best performers in the region on Tuesday, as inflation fell to a more than one-and-a-half year low. Full article

RCBC Q1 net income up 21 percent

As of 05/05/2015 5:43 PM
Rizal Commercial Banking Corp. (RCBC) said it posted an unaudited consolidated net income of P1.6 billion for the first quarter of 2015. Full article

Indonesia Q1 growth weakest since 2009

As of 05/05/2015 5:40 PM
Indonesia's economic growth in the first quarter slumped to its weakest annual pace since 2009, leaving its central bank in a bind as rising inflationary pressures and a faltering currency crimp its ability to jump-start Southeast Asia's biggest economy. Full article

Ex-Insurance commissioner, husband die in car crash

As of 05/05/2015 4:53 PM
MANILA (UPDATED) - Former Insurance Commissioner Evangeline Escobillo died Tuesday following a car accident over the weekend. Full article

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