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TOKYO, Japan (AFP) — Tokyo shares slipped Thursday, though Toshiba jumped after shareholders agreed to the sale of its memory chip unit to cover huge losses stemming from the company’s troubled nuclear business. Investors had few strong leads with Britain’s formal move to exit the EU on Wednesday already priced into the market, analysts said. Investors are also taking a cautious approach to US President Donald Trump’s economic policies after a humiliating setback on his […]
QUEZON City, Philippines (Eagle News) — Microsoft co-founder, Bill Gates, has topped the list of Top Ten Billionaires in the World. According to the Forbes Magazine, Bill Gates bested all the other people in the world with his estimated wealth of $86 billion. This is the fourth time Gates topped the list. Also included in the Top 10 of the list are Facebook founder Mark Zuckerberg, and Warren Buffet of Berkshire Hathaway. US President Donald Trump, a […]
CENTRAL VISAYAS, March 17 (PIA) — The Go Lokal store project of the Department of Trade and Industry (DTI) showcased outstanding Filipino products from 18 micro, small, and medium enterprises (MSMEs) during the ASEAN Economic Ministers’ Meeting (AEM) Retreat and Related Meetings on March 8 to 10 in Pasay City, Manila. DTI Secretary Ramon M. Lopez is hoping that this initiative will continue and will also be visible in the succeeding ASEAN-related events in the different […]
(Eagle News) — Tumaas ng 8.6 percent (%) ang overseas remittances nitong Enero, ayon sa datos ng Bangko Sentral ng Pilipinas. Sinabi ni BSP Governor Amando Tetangco, nasa sa 2.2 bilyong dolyar ang mga naipadalang pera ng mga Overseas Filipino Workers sa bansa. Nasa 1.8 bilyong dolyar naman ang remittances ng mga land-based worker. Pangunahing mga bansa na nagbigay ng remittance ay nagmula sa Estados Unidos, Saudi Arabia, United Arab Emirates, United Kingdom, Japan, Singapore, Hong Kong, Quatar, […]
HONG KONG, China (AFP) — Hong Kong’s troubled flagship airline Cathay Pacific on Wednesday posted its first annual loss since the height of the financial crisis as it was hit by “intense competition” and a drop in demand from business travellers. The firm is struggling despite an expansion of international air travel in the region as lower cost carriers, particularly from mainland China, eat into its market share. Companies like China Eastern and China Southern […]
MANILA, Philippines (Eagle News) — The Department of Finance (DOF) is eyeing the revival of the Pantawid Pasada Program for commuters and public utility vehicles. This is to reduce the effect of the proposed excise tax on petroleum products if implemented. According to Quezon Rep. Dakila Carlo Cua, the House committee on ways and means chair, the cash subsidy scheme will help cushion the impact of high fuel prices on public utility vehicles when implemented. […]
INDIA (Reuters) — A gold rush in India. Jewellers across the country seeing a massive surge in people wanting to spend big on the country’s favourite precious metal, despite New Delhi’s recent shock cash crunch. Imports surged 82 percent in February, compared to the same time last year. That translates to 50 tonnes of gold. Reuters Euan Rocha explains what’s leading the turnaround. “Big factors in the Indian market without a doubt is wedding season. […]
BEIJING, China (Reuters) — China said on Monday (March 6) continued economic growth needed to maintain employment, and will take further steps to support private investment. “Because China is a country with almost 1.4 billion people, employment is a really important issue. Without a certain level of economic growth, a certain quality of economic growth, creating enough employment opportunities would be very difficult. Based on our experience and understanding of the rules roughly, every increase […]
TAGUIG CITY — With the downtrend in the international contract price of liquefied petroleum gas (LPG), the Department of Energy-Oil Industry Management Bureau (DOE-OIMB) announced a possible rollback in the price of an 11-kilogram LPG cylinder. Energy Secretary Alfonso G. Cusi said that the rollback of $9/MT could translate to a P0.36/kg; or a possible P4-reduction per 11kg LPG cylinder. He said the possible reduction was based on their international price monitoring—the contract price for March amounts […]
QUEZON CITY, Philippines (Eagle News) — Big oil companies on Thursday, March 2 implemented a price rollback on cooking gas or liquefied petroleum gas (LPG). Eastern Petroleum is now implementing a Php 0.35 centavos per kilogram or Php 3.85 per 11 kg cylinder rollback of its EC gas products. Petron also implemented the same rollback on Wednesday, March 1. The LPG price decrease was due to the downward trend of LPG contract prices in the […]
GUIMARAS – The Department of Trade and Industry (DTI)-Guimaras is reminding the public and the Micro, Small and Medium Entrepreneurs (MSMEs) in the Province of Guimaras of the importance of weighing scales and the use of product certification marks. DTI team conducted an inspection at Jordan Food Terminal Market, Barangay. San Miguel, Jordan recently to check the functionality and effectiveness of weighing scales used by MSMEs. The team was composed of the Municipal Treasury Office (MTO), […]
QUEZON City, Philippines (Eagle News) — Oil companies implemented price hikes on Tuesday, February 28, on its diesel and kerosene products, but lowered prices for gasoline. Big oil companies such as Seaoil Philippines, Pilipinas Shell, Petroleum Corporation, Flying V, Eastern Petroleum and PTT Philippines already announced their price adjustment this morning at 6:00 a.m., while others were expected to follow. The price for diesel was increased by 35 centavos (Php 0.35) per liter, while for kerosene, the […]
