Business

Waterfront profit rises

Mon, 23 Nov 2009 15:29:46 +0000

WATERFRONT Philippines Inc. (WPI) posted net income of P92.69 million in the first nine months of this year, up 16 percent from P79.98 million in the same period last year.

Unified multi-purpose ID system set for January launch: SSS head

Mon, 23 Nov 2009 15:29:44 +0000

THE Unified Multi-Purpose ID System (Umid) is expected to be launched in January, after a “successful bidding” held last month, said Social Security System (SSS) president Romulo Neri.

Lenders urged to help poor beyond providing money

Mon, 23 Nov 2009 15:28:03 +0000

REALIZING the extreme vulnerability of the poor in the face of adversity, a group of microfinance institutions is urging credit lenders to observe a more “wholistic approach” to poverty eradicatio

Official: RP budget deficit still manageable

Mon, 23 Nov 2009 15:28:01 +0000

MANILA - A Malacañang official has responded to concerns of the International Monetary Fund (IMF) over a possible blowout of the budget deficit after the Philippines recently breached its P250

Tax notes: Electronic DST system

Mon, 23 Nov 2009 15:26:21 +0000

THE Bureau of Internal Revenue (BIR) has issued the guidelines implementing the web-based electronic documentary stamp tax (eDST) system, which shall replace the DST electronic imprinting machines (DS

Energy Development Corp. issues P12-B bonds

Mon, 23 Nov 2009 15:26:13 +0000

TO pay off an outstanding foreign currency-denominated loan, geothermal power company Energy Development Corp. (EDC) is selling to investors P12 billion worth of fixed-rate bonds.

Travel business doing swell

Mon, 23 Nov 2009 15:24:06 +0000

A NEW industry player has attributed the “good” sales of her business to the continual flow of domestic and international tourists to Cebu City.

Ultima’s Fuente Tower 3 eyes visitors as potential clients

Mon, 23 Nov 2009 15:24:04 +0000

CEBU'S robust economy, peace and laidback lifestyle are attracting tourists, which in turn has prompted local investors to put up accommodation projects for them.

Official: RP budget deficit still manageable

Mon, 23 Nov 2009 14:46:23 +0000

A MALACAÑANG official responded to concerns of International Monetary Fund (IMF) over a possible blowout of the budget deficit after the Philippines recently breached its P250 billion budget deficit

RP halal industry development tackled in national forum

Mon, 23 Nov 2009 14:01:24 +0000

MAKATI CITY -- The country's halal industry remains struggling due to lack of public and private sector collaboration as well as the absence of an internationally-accepted national regulatory framewor