OFs' remittances post highest inflow in November ‘11

January 16, 2012 11:37 pm· Comments Off on OFs' remittances post highest inflow in November ‘11 

MANILA, Jan. 16 -– Money sent home by Filipinos overseas posted its highest inflow so far and second highest growth in 2011 last November when it expanded by 10.6 percent bringing the year-on-year rise in the first 11 months to 7.3 percent.

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Aquino thanks Luen Thai CEO for 'commitment' to the Filipino people

January 16, 2012 11:34 pm· Comments Off on Aquino thanks Luen Thai CEO for 'commitment' to the Filipino people 

CONCEPCION, Tarlac, Jan. 16 — President Benigno S. Aquino III expressed his heartfelt gratitude to Willie Tan for his “commitment” to the Filipino people through the investments put up by his company, Luen Thai Enterprises (LTE) and Tan Holdings Corporation, in the Philippines.

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PLDT extends free Wifi access in Cebu

January 16, 2012 11:30 pm· Comments Off on PLDT extends free Wifi access in Cebu 

MANILA, Jan. 16 – Philippine Long Distance Telephone Co. (PLDT) said it has extended its free wifi access to Cebu-based landline and digital subscriber line (DSL) subscribers.

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Globe most popular Internet service provider — study

January 16, 2012 11:28 pm· Comments Off on Globe most popular Internet service provider — study 

MANILA, Jan. 16 — GLOBE Telecom is the most popular mobile Internet service provider in the country, according to the annual consumer study jointly conducted by Yahoo Southeast Asia and Nielsen.

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Fitch affirms DBP’s ‘BB+’ rating, maintains ‘Stable’ outlook

January 16, 2012 11:27 pm· Comments Off on Fitch affirms DBP’s ‘BB+’ rating, maintains ‘Stable’ outlook 

MANILA, Jan. 16 – Fitch Ratings affirmed Monday the Development Bank of the Philippines’ (DBP) ‘BB+’ Long-Term Issuer Default Rating (IDRs), the 'bb+’ Viability rating and maintained the bank’s ‘Stable’ outlook.

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HSBC sees 25 bps cut in BSP policy rates this week

January 16, 2012 11:26 pm· Comments Off on HSBC sees 25 bps cut in BSP policy rates this week 

By Joann Santiago

MANILA, Jan. 16 – HSBC expects a 25 basis point decrease in central bank’s policy rates this week, citing that amid the continued deceleration of inflation growth should have a backing from the contractions in exports.

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ERC okays 32 COCs

January 16, 2012 11:23 pm· Comments Off on ERC okays 32 COCs 

MANILA, Jan. 16 – The Energy Regulatory Commission (ERC) has approved the issuance of 32 certificate of compliance (C0C), which includes renewal and new COCs.

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IMF exec vows stronger ties with Asia to sustain economic growth

January 16, 2012 11:20 pm· Comments Off on IMF exec vows stronger ties with Asia to sustain economic growth 

MANILA, Jan. 16 – An official of the International Monetary Fund (IMF) vowed the institution’s closer ties with Asia to further cushion the impact of global crisis in the region and promote stronger global growth.

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'Merry-go-rounds' become powerful investment tools in Kenya

January 16, 2012 11:18 pm· Comments Off on 'Merry-go-rounds' become powerful investment tools in Kenya 

By Bedah Mengo

NAIROBI, Jan. 16 — They were once dismissed as "dens of gossips."

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Globe backs amateur golf

January 16, 2012 11:16 pm· Comments Off on Globe backs amateur golf 

MANILA, Jan. 16 – The National Golf Association of the Philippines (NGAP) recently came to an agreement with Globe Telecoms to launch a new amateur circuit beginning this year and assure high-caliber tournaments.

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