Glencore-Xstrata cuts back on stalled PH mine
Swiss mining giant Glencore Xstrata said Tuesday it is laying off nearly all workers at its $5.9-billion copper project in the Philippines which has been stalled by regulators.
Swiss mining giant Glencore Xstrata said Tuesday it is laying off nearly all workers at its $5.9-billion copper project in the Philippines which has been stalled by regulators.
Switzerland, currently in the process of restituting assets to several former autocratic countries, is working on a new law aimed at simplifying the process of freezing and unblocking such funds, the government said Wednesday.
Swiss-based global food giant Nestle said Wednesday that it had expanded its research and development operations in Singapore, amid robust Asian market growth.
The country’s largest mining project has finally gotten the green light from the Department of Environment and Natural Resources (DENR) but under stiff conditions, an official said on Tuesday.
Swiss-based food giant Nestle warned Thursday that business was likely to be tough this year, after its 2012 results showed a slowdown in growth in emerging markets.
Nestle SA, the world’s biggest food and drinks maker, overcame tough global economic conditions to post a full-year net profit of 10.6 billion Swiss francs ($11.55 billion) for 2012, but predicted another challenging year ahead, the company said in a statement.
The crisis mood is gone, but that doesn’t mean you can slip back into your old ways—that’s the message from top international finance officials wrapping up the World Economic Forum here.
President Benigno Aquino III has pitched to the international investor community the Philippine story of transformation from being a “sick man of Asia” into one dynamic country bucking a global economic downturn.
Joining the World Economic Forum (WEF) for the first time, President Aquino will invite more investors and tourists to come to the Philippines to create more jobs and sustain the country’s economic momentum beyond his term, Communications Secretary Ricky Carandang said.
By coming to the World Economic Forum for the first time, President Aquino is seeking more investors and tourists to come to the Philippines in order to create more jobs and sustain the country’s economic momentum beyond his term as chief of state.
President Aquino is scheduled to arrive here early Thursday morning on a three-day visit seen to herald the Philippine growth story to global business leaders, fellow heads of state, multilateral institutions, civil society and the Filipino-Swiss community.
Switzerland’s biggest watch maker, Swatch Group AG, will pay about $1 billion to acquire Canada’s Harry Winston watch and jewelry brand, officials from both companies said Monday.
