Business

APEC aims to bolster SMEs’ participation in regional and global markets

MANILA, PIA-The First Asia-Pacific Economic Cooperation (APEC) Senior Officials’ Meeting and Related Meetings, held from January 26 to February 07 at the Clark and Subic Bay Freeport Zones, supported efforts to bolster Small and Medium Enterprises’ (SMEs) participation in regional and global markets under the APEC 2015 theme to build inclusive growth in the Asia-Pacific region. This supports “Fostering SME’s participation in regional and global markets,” one of the priorities under this year’s overarching theme […]

Increase of collected taxes in QC in 1st qtr of 2015

Collected business taxes in the first quarter of 2015 by the Quezon City government are hauling in up to 7.75 % or PHP 234 million. Based on the report submitted to Mayor Herbert Bautista by the treasury, the QC government has collected PHP 3.26 billion or PHP 234 million tax increases, over than PHP 3.02 billion taxes collected in the same quarter of 2014. City Administrator Aldrin Cuña said that “For the past five years, […]

Oil price hike starts

After a series of price rollback, oil companies start implementing an increase on oil price due to the higher rate of oil prices in the United States.

Ex-IMF head Strauss-Kahn testifies in French sex ring trial

(Reuters) – Dominique Strauss-Kahn, the former IMF chief who was tipped to become French president before being accused of sexual assault by a New York maid in 2011, will testify to a criminal court on Tuesday over his alleged role in sex parties with prostitutes. The allegations that he participated in a French sex ring have dogged the once prominent Socialist ever since criminal charges were dropped against him in the New York case and […]

South African businesses suffer under rolling power cuts

South Africa’s cash-strapped state-run power company Eskom said on Thursday (February 5), it’s again implementing rolling blackouts after losing power at five of its generating units. Eskom said it needed to reduce demand by 2,000 megawatts and would be plunging large areas of Johannesburg into darkness from early morning until 2100GMT. The disruption was noticeable on the streets with traffic lights out at many major intersections, while businesses were left struggling to cope. Popular restaurant […]

Low oil prices hit BP profits

Shell, Exonn and now BP – all have been hurt by low oil prices. The UK giant’s underlying profits in the final quarter were down 20% on a year earlier at $2.2bln. Full year profit was 10% lower at just over $12bln. BP is slashing capital spending by a fifth to $20bln as a result. The oil giant did at least beat fourth quarter expectations thanks to a surprise profit from its Russian partner Rosneft. […]