MANILA, Philippines – The peso continued to strengthen against the dollar yesterday due to improved investor sentiment arising from the improving jobs report in the US.
Analysts said investors had their first chance to react to Friday’s US Labor Department report showing the unemployment rate holding steady at 9.7 percent in February despite adverse winter conditions.
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MANILA – Even with the decline in advertising minutes, airtime revenues of media giant ABS-CBN Broadcasting Corp. continued to rise for the first 6 months of 2009.
According to ABS-CBN Chief Research and Business Analysis Officer Vivian Tin, the company’s ad spots, although less, provide more value to their clients.
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Despite hard times, a group of Filipino franchisers still see growth for the year, hoping to improve their sales by a fifth this year.
Rommel Juan, president of the Association of the Filipino Franchisers Inc., said they see a 20-percent increase from the group’s sales of P13 billion in 2008.
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Taxes imposed on liquor, tobacco, and petroleum products slightly breached government targets for the first six months this year, the Department of Finance (DOF) said on Thursday.
The government was able to collect P29.448 billion in excise taxes, almost five per cent higher than revenue targets of P28.088 billion during the period.
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MANILA – While the implementation of the new rule extending phone load expiry will push through on July 19, the calculation of the new expiry date based on the sum of old and new phone credits will be pushed back, an official said Tuesday night.
"They (telecom companies) requested for extension because of some problems in their software," National Telecommunications Commission commissioner Ruel Ca
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MANILA – Prepaid mobile-phone subscribers have reason to rejoice nowadays. The new rules on extension of prepaid load purchased by consumers will be signed by the National Telecommunications Commission (NTC) today. “At 10 a.m. Friday, we will sign the memorandum circular [MC] on prepaid-load guidelines.
The signing of the three other draft MCs that we are working on will be deferred pending the submission
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MANILA, Philippines – A unit of Ayala Land Inc. (ALI) launched a Pasig “boutique townhouse," betting that demand will come from “young urban achievers" intending to raise their families in a private enclave near the city’s business districts.
Besides being close to the business districts of Ortigas Center, Bonifcaio Global City and Makati, the project will also ensure residents’ privacy, a
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MANILA, Philippines – The National Telecommunications Commission (NTC), which sets cellphone rates, admitted that it failed to act on complaints submitted by mobile phone subscribers.
The agency has been prevented from setting the expiration and duration of cellphone loads, among other rules, after a Quezon City court order temporarily disallowed the implementation of its guidelines, an NTC official said du
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MANILA – Lopez-controlled media giant ABS-CBN Broadcasting Corp. will raise its ad rates by 8 percent on August 1, after a six-month moratorium announced in late January.
“From a pricing perspective, we eased the pain [brought by the global economic meltdown] by actually announcing a rate moratorium until July and, at the same time, we were focused on actually improving all the programs we had inclu
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MANILA – The Philippines will likely cut its economic growth forecast target for this year after recent data showed growth stalled in the first quarter, a senior official said Wednesday.
Manila has predicted growth of 3.1-4.1 percent for 2009 but last week said it had achieved just 0.4 percent expansion in the three months to March.
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Princess Snell: Princess Tinkerbell Cristina Marjorie Pedere Snell, better known simply as Princess Snell (born on April 14, 1992 in Pacita, Laguna, Philippines), is a Filip...
Jose de Venecia, Jr.: Jose Claveria de Venecia, Jr. also known as JDV or Joe De V (born December 26, 1936) is a former Speaker of the House of Representatives of the Philippines, ser...
