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BoP deficit persists as of August September 19, 2018

THE COUNTRY’s balance of payments (BoP) position swung to a surplus in August as the Philippines raised funds from the sale of yen-denominated bonds, but the eight-month tally remained in deficit. The post BoP deficit persists as of August appeared first on BusinessWorld.

NEDA sees ‘net’ positive impact of trade war September 19, 2018

THE PHILIPPINE ECONOMY could end up with a net gain in the trade war between the US and China as the world’s biggest economy seeks other sources of cheaper goods, the National Economic and Development Authority (NEDA) said late Tuesday. The post NEDA sees ‘net’ positive impact of trade war appeared first on BusinessWorld.

Growth seen picking up this quarter September 19, 2018

CLARK, PAMPANGA -- Growth should have bounced this quarter from the preceding three months’ slowdown on the back of a “phenomenal” infrastructure drive, a global bank analyst said, although full-year expansion will likely settle below seven percent. The post Growth seen picking up this quarter appeared first on BusinessWorld.

Asian firms’ confidence sinks to near 3-year low on trade fears September 19, 2018

JAKARTA -- Confidence among Asian companies slumped to the weakest in almost three years in the third quarter as businesses feared blowback from a worsening global trade war, a Thomson Reuters/INSEAD survey showed. The post Asian firms’ confidence sinks to near 3-year low on trade fears appeared first on BusinessWorld.

Okada asks bourse to step in as Tiger Asia readies ABG takeover September 19, 2018

JAPANESE gaming tycoon Kazuo Okada is asking for the Philippine Stock Exchange’s (PSE) intervention in the pending takeover by Tiger Resort Asia Ltd. (Tiger Asia) of listed firm Asiabest Group International, Inc. (ABG). The post Okada asks bourse to step in as Tiger Asia readies ABG takeover appeared first on BusinessWorld.

Danish kitchen company KVIK opens shop in the Philippines September 19, 2018

TO MANY people, the kitchen is a working space where messes are to be made. To some, the kitchen is the home’s beating heart, where the household makes important connections. The post Danish kitchen company KVIK opens shop in the Philippines appeared first on BusinessWorld.

SC sides with oil firms in P3-B tax case vs BIR September 19, 2018

THE Supreme Court (SC) has denied the petition of the Bureau of Internal Revenue (BIR) to compel Pilipinas Shell Petroleum Corp. and Petron Corp. to pay their alleged delinquent tax liabilities as the tax collector deemed as invalid the oil firms’ tax credit certificates (TCC). The post SC sides with oil firms in P3-B tax […]

After disastrous 2017, French wine makers cheer ‘incredible’ 2018 September 19, 2018

IN SAINT-EMILION, at Chateau Corbin, wine maker Anabelle Cruse-Bardinet is exuberant about this year’s harvest. Spring frosts devastated her vineyard last year, as they did to many other chateaux in Bordeaux, and she made no wine at all. “We are going to make an incredible vintage in 2018,” she e-mailed. “We had a dry and […]

Focused approach needed for efficient cybersecurity in PHL September 19, 2018

ALTHOUGH THE Philippines may have a lot of work to do to ensure cybersecurity, one of the best ways to begin is by clustering data to easily identify assets that need intensified safeguarding, consulting firm McKinsey & Company said. The post Focused approach needed for efficient cybersecurity in PHL appeared first on BusinessWorld.

Security Bank raises $300M via five-year fixed rate note facility September 19, 2018

SECURITY BANK Corp. raised $300 million through a senior unsecured note drawdown to expand its funding base and extend term liabilities. The post Security Bank raises $300M via five-year fixed rate note facility appeared first on BusinessWorld.