MANILA, Philippines – Despite the gyrations in the peso-dollar exchange rate, central bank officials said they are not worried about the depreciation of the peso against the dollar because volatility levels remained tame.
The Bangko Sentral ng Pilipinas (BSP) said that despite the occasional swings, the market-determined exchange rate still worked as an efficient mechanism for allocating resources.
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MANILA, Philippines – Capitalizing on Filipinos’ attachment to their many mobile phones, Cherry Mobile is seeking to make life easier for them by providing a dual SIM technology at affordable prices.
The company has recently launched new line of NTC (National Telecommunications Commission)- approved, dual Subscriber Identity Module card cellular phones.
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MANILA, Philippines – Conglomerate San Miguel Corp. will be offering option to stockholders to convert their common shares to preferred shares to “address concerns" about its decision to diversify.
In the process, the company, which has ventured into heavy industries such as power, oil, and telecommunications, among others may be able to raise additional capital of about P15 billion to P25 billion.
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MANILA, Philippines — Swiss hotel chain Mövenpick will build a 400-room hotel in the Philippines, Philippine Ambassador to Switzerland Maria Theresa Lazaro said Friday.
Lazaro said she discussed the hotel project in her meeting with Jean Gabriel Peres, president and chief executive officer of Mövenpick at the company’s headquarters in Zurich.
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GMA Network Inc., the Philippines’ leading broadcast company, may exceed growth expectations this year, its president and chief executive said, a day before its Wednesday stockholder’s meeting.
Expansion is expected to come from the continued high ratings of its television programs, subscriber growth in its international TV channels, improved revenues from DZBB, its radio business, and QTV, its sister TV chan
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MANILA, Philippines – IPVG Corp. and Viva Communications Inc. will form a joint venture company that will engage in interactive gaming and content distribution and other forms of entertainment.
In a disclosure, IPVG corporate information officer Sheila Quien- Feliciano said Squirt Media, Inc. would be incorporated with a capitalization of $2 million.
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Telecom giant Philippine Long Distance Telephone Co. will not offer to buy $27.5 million worth of preferred shares of a Bermuda company engaged in the satellite business, it said in a disclosure.
However, PLDT corporate secretary and general counsel Ma. Lourdes C. Rausa-Chan said the agreement for space segment services between ProtoStar Ltd. and PLDT for use of C-band transponders on the ProtoStar I satellite from
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SIARGAO, Surigao del Norte, Philippines — The Development Bank of the Philippines (DBP) has approved a total of P9.59 billion worth of project financing under the Sustainable Logistics Development Program (SLDP).
The SLDP, the project development flagship of DBP, includes the cold chain and grains highway projects. Other participating government financial institutions in the SLDP are the Land Bank of the Philip
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MANILA, Philippines – The country’s merchandise exports showed signs of a recovery in March as total shipments fell by a slower 31 percent from 39.1 percent the previous month, the National Statistics Office reported yesterday.
The data agency noted that shipments of electronics products, the country’s main export, plunged 34 percent in March from a year earlier after a 45 percent contraction in Februar
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The Philippines’ deposit insurer will hire more experts in its fraud investigation against the Legacy Group, a move that will boost its criminal cases against Celso de los Angeles.
Experts from auditing firm Punongbayan & Araullo (P&A) will be hired by the Philippine Deposit Insurance Corp. (PDIC), the agency said, tapping the company’s expertise in forensic fraud investigation.
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Kim Chiu:
Kimberly Sue Yap Chiu (born April 19, 1990), better known as simply Kim Chiu, is a Filipina actress. Chiu was the first winner of Pinoy Big Brother: Teen Ed...
Roxanne Guinoo: Filipina actress Roxanne Guinoo was born in Rosario, Cavite on February 14, 1986 to Bernardo Guinoo and Ana Bosch. Roxanne is of Filipino, Chinese, and German ...
