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Top Business News

Exporters are calling on both the public and private sector to implement reforms necessary to help boost exports as they set their sights on achieving an ambitious $100-billion revenue target over the medium term.

The Department of Finance plans to collect about P114 billion in unpaid dividends from government-owned and -controlled corporations.

The Bangko Sentral ng Pilipinas is clamping down on officials of banks and financial institutions that fail to submit required reports on time.


Despite economic turbulence in many parts of the world, the outlook for the global aviation industry remains positive. Airbus executives see the Asia Pacific region as a strong engine for growth, saying the demand for new aircraft in the next two decades could soar to about 35,000 with the value estimated at $5.3 trillion.

Latest Business News

The national government spent P536.66 billion for debt payments in 2016, up slightly 0.5 percent from P534.14 billion in 2015, data from the Bureau of the Treasury (BTr) showed.

Philippine Airlines (PAL) is set to take in a strategic investor from the airline industry as early as the first-half of this year, its top official said.

Del Monte Pacific Ltd. (DMPL) is increasing its sales in China as part of efforts to grow the business.

Even with the change in name, PXP Energy Corp. will continue to focus on existing oil and gas projects while scouting for renewable energy (RE) developments this year.

Mannage Resources Trading Corp. (MRTC) has been given the go signal to withdraw and sell to the domestic market some 20,000 metric tons of steel imported from China.

The wireless unit of PLDT Inc. is aiming to increase 4G or Long Term Evolution (LTE) coverage to a total of 785 municipalities by the end of this year.

Eagle Cement Corp. (ECC), the soon-to-list cement company of the Ang family, expects to dominate the industry by 2020 in terms of capacity as it conquers the Visayas and Mindanao region with a new cement plant in Cebu and terminals across the two islands, its top official said.

The Center for Global Best Practices is holding a seminar titled, “Refresher Course on Business English for Professionals and Executives” on April 27 and 28 at the Marriot Hotel, Resorts World Complex, Pasay City.

Qiān suàn wàn suàn bù zhí tiān yì huá, a Chinese proverb meaning a thousand or ten thousand schemes are no match to one stroke of heaven. John Steinbeck’s own take — “The best laid schemes of mice and men often go awry.

SBS Philippines Corp., a listed chemical trading company, will diversify its business to include acquiring or participating in investments in property related assets.


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