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Rift between PH, China threatens trade, tourism ties — Global Source

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Screengrab from http://www.globalsourcepartners.com/

Prolonged diplomatic chill between the Philippines and China risks reversing the trend of “mutually beneficial” trade and travel ties that have been growing rapidly over the years, according to the New York-based think tank Global Source.

Posted: April 14th, 2014 in Latest Business Stories | Read More »

PH does not fear ‘economic backlash’ from China

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Communications Secretary Herminio Coloma (INQUIRER FILE PHOTO) and Chinese Foreign Ministry spokesperson Hong Lei (AP FILE PHOTO)

Who is afraid of China? Not the Philippines. Malacañang on Wednesday said it will protect the country’s national interest, including its economy, in the face of threats from China over maritime disputes in the West Philippine Sea.

Posted: April 2nd, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

‘Business is business’ despite sea row

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THE Nanning International Convention & Exhibition Center is the permanent venue of the China-Asean Exposition (CAExpo).  Photo by VOLT CONTRERAS

There is at least one place in China each year where its long-standing maritime disputes with some of its Southeast Asian neighbors like the Philippines are set aside and replaced with gestures of goodwill—or, to be more precise, the handshakes of good business.

Posted: July 26th, 2013 in Headlines | Read More »

Oil drilling group gets 2-year extension

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Forum Energy Plc has secured a two-year extension for its work program under Service Contract 72, Philex Petrolem Corp., a major shareholder, said on Monday, Jan. 28, 2013.

Forum Energy Plc, which is exploring for oil and gas within the highly contested Recto Bank off the West Philippine Sea, has secured a two-year extension for its work program under Service Contract 72.

Posted: January 28th, 2013 in Editor's Pick,Headlines | Read More »

Resumption of oil-drilling talks seen

By
Manuel V. Pangilinan.  INQUIRER file photo

Businessman Manuel V. Pangilinan is hoping to resume by early next year talks with state-owned China National Offshore Oil Co. (CNOOC) on its possible acquisition of a stake in the Recto Bank exploration project off the West Philippine Sea.

Posted: November 19th, 2012 in Headlines | Read More »

Philippines bids out China-claimed oil prospects

By
Energy undersecretary Jose Layug. Photo from doe.gov.ph

The Philippines on Tuesday offered three oil and gas exploration contracts in the disputed West Philippine Sea (South China Sea), including two in areas claimed by China.

Posted: July 31st, 2012 in Latest Business Stories,Photos & Videos | Read More »

Pangilinan brings in Chinese to disputed Recto Bank oil exploration group

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PLDT chairman Manuel V. Pangilinan: Signs of growth.   INQUIRER FILE PHOTO

Businessman Manuel V. Pangilinan plans to expand the consortium undertaking gas exploration at Recto Bank, which both the Philippines and China claim, to “internationalize” and “depoliticize” the concession area while boosting the financial and technological muscle for the project.

Posted: June 24th, 2012 in Headlines,Latest Business Stories | Read More »

Aquino urges banana exporters to diversify market

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Arakan, North Cotabato women wash Cavendish bananas ready for export as this  mountainous town has become a center for agribusiness in Central Mindanao area. With GSP privileges, the Philippines will be able to export bananas, among others, to the US without having to pay corresponding tariffs.  PHOTO BY PINOY GONZALES/PDI CONTRIBUTOR

President Benigno Aquino on Monday told banana exporters reeling from the stringent rules imposed on their product by China not to put all their eggs in one basket and to diversify their market.

Posted: May 15th, 2012 in Latest Business Stories | Read More »

Banana industry fears loss of China trade over Scarborough row

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Arakan, North Cotabato women wash Cavendish bananas ready for export as this  mountainous town has become a center for agribusiness in Central Mindanao area. With GSP privileges, the Philippines will be able to export bananas, among others, to the US without having to pay corresponding tariffs.  PHOTO BY PINOY GONZALES/PDI CONTRIBUTOR

Banana industry leaders here fear the political tension between the Philippines and China over the Panatag (Scarborough) Shoal may eventually take a toll on the country’s multimillion-dollar banana industry.

Posted: May 7th, 2012 in Latest Business Stories | Read More »

Philippines accepts bids for 5 energy contracts

The Philippines has accepted bids for five oil and gas exploration contracts, setting another tender in July for three other blocks between its western coast and the West Philippine Sea (South China Sea) despite China’s claim to those areas.

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

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