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China sees gloomy 2013 foreign trade environment

CHINA FUNDS. The Chinese government has offered to fund, through its official development assistance, important infrastructure projects, which the government is embarking on to address inadequacy.

China said Tuesday it faces a bleak foreign trade environment in 2013 due to ongoing global economic weakness, as the Asian export powerhouse appears set to miss this year’s trade growth target.

Posted: December 18th, 2012 in Latest Business Stories | Read More »

UK ‘excited’ over trade with Philippines

CEO Nick Baird of UK Trade and Investment  PHOTO FROM UKTI.GOV.UK

The Philippines is a “hugely exciting” market where the United Kingdom is keen on boosting reciprocal investment.

Posted: November 12th, 2012 in Latest Business Stories | Read More »

Imports up 13.3% in June


The country’s imports continued to expand in June, posting a 13.3-percent increase year on year, the fastest pace since August 2011, data from the National Statistics Office (NSO) showed.

Posted: August 29th, 2012 in Editor's Pick,Headlines | Read More »

Oil lower amid fears of Spain bailout

Oil firms cut diesel and kerosene prices as demand for fuel tapered off amid the tail-end of winter in the United States. AP FILE PHOTO

Oil prices edged lower in Asian trade on Wednesday as concerns that debt-plagued Spain could be forced to seek a bailout roiled the markets.

Posted: May 30th, 2012 in Latest Business Stories | Read More »

Japan’s Hitachi to chop annual costs by $5.43B

Japanese high-tech firm Hitachi on Tuesday said it plans to slash its annual costs 5.0 percent by 2015, or about $5.43 billion a year, to compete with rivals including General Electric.

Posted: March 28th, 2012 in Latest Business Stories | Read More »

Peso almost flat as traders assets Euro zone debt developments


The peso moved sideways on the first trading day of the week as investors assessed the developments in the debt-ridden Euro zone.

Posted: December 12th, 2011 in Latest Business Stories | Read More »

Oil mixed in Asia ahead of EU summit

Crude was mixed in Asian trade Thursday ahead of a crunch European Union summit as doubts lingered over whether leaders can come up with a solution to the eurozone debt crisis, analysts said.

Posted: December 8th, 2011 in Latest Business Stories | Read More »

Imports up, factory output down in April


The country’s total merchandise imports for April rose 20.3 percent to $5.5 billion from $4.6 billion a year ago, according to the National Statistics Office (NSO). Month on month, imports declined slightly by 0.9 percent from $5.5 billion recorded in March this year. Also in April, the volume of production for selected industries posted a [...]

Posted: June 29th, 2011 in Headlines | Read More »

Neda seeking expansion of trade links


Economic Planning Secretary Cayetano W. Paderanga Jr. said the country would double its efforts in expanding trading links to cope with future shocks that might disrupt merchandise imports and exports. “Expanding the Philippines’ trade relationships by exploiting forward and backward linkages of the current exports to our traditional trading partners may mitigate adverse impacts of [...]

Posted: May 26th, 2011 in Headlines | Read More »

US tech stocks jump as Microsoft buys Skype

NEW YORK—US shares pushed higher Tuesday after Microsoft’s $8.5-billion deal to buy Skype gave a strong bump to tech stocks. The Dow Jones Industrial Average closed up 75.68 points (0.60 percent) at 12,760.36 in closing trade. The broader S&P 500 index gained 10.87 (0.81 percent) at 1,357.16, while the tech-heavy Nasdaq Composite rose 28.64 points [...]

Posted: May 11th, 2011 in Latest Business Stories | Read More »

Oil prices fall in volatile trade

NEW YORK—Oil prices climbed late Tuesday after trading lower for most of the day, encouraged by strong trade numbers from China that showed its economy still growing strongly. Concerns about the impact on Mississippi corridor refineries of the river’s worst flooding since 1925 also helped move prices up, though they were still far below last [...]

Posted: May 11th, 2011 in Latest Business Stories | Read More »

PH in talks for supply of pork to Malaysia


MANILA, Philippines—Pork from the Philippines may soon find its way to the kitchens and tables of the predominantly Muslim Malaysia. Agriculture Secretary Proceso Alcala Tuesday said talks between the government and a Malaysian firm, which he declined to identify, have been underway for the latter to import about 1,000 head of hogs per week. “The [...]

Posted: May 4th, 2011 in Latest Business Stories | Read More »



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