MANILA, Philippines – The Philippines and Cambodia are looking to work together to research on rice in a bid to boost rice production in both countries. In a statement, the Department of Agriculture(DA) said it recently met with officials of Cambodia’s Ministry of Agriculture, Forestry and Fisheries, who sought Philippine cooperation in learning new rice […]
Read MoreMANILA, Philippines – Japanese and Chinese companies are looking at investing and partnering with Philippine firms amid the bright prospects brought about by the sustained growth in the economy. Security Bank Corp. president and CEO Alfonso Salcedo Jr. said it has partnered with Japan’s Mitsubishi UFJ Finance Group Inc. (MUFG) to arrange close to 200 […]
Read MoreMANILA, Philippines – Ant Financial Services Group, the financial technology company controlled by Alibaba’s Jack Ma, is making a strategic investment to get a 45-percent stake in Globe Fintech Innovations Inc. (Mynt), a unit of Globe Telecom Inc., to help accelerate financial inclusion in the Philippines. In a statement, Globe said Ant and Ayala Corp. […]
Read MoreMANILA, Philippines – Renewed fears of a possible interest rate increase in the US may continue to bring uncertainties to the stock market this week, analysts said. The benchmark Philippine Stock Exchange index (PSEi) closed almost unchanged at 7,244.79 last week. “Chart wise, the week’s close at 7,244.79 continues to suggest the market to remain […]
Read MoreMANILA, Philippines – Basic Energy Corp. will sell unissued shares to Thailand-based Vintage Engineering Public Co. Ltd. (VTE) in line with their joint development of renewable energy (RE) projects here and abroad. In a disclosure yesterday, Basic said it has entered into a subscription agreement with VTE, a publicly-listed company in Thailand, “for a strategic […]
Read MoreMANILA, Philippines – Remittances from overseas Filipino workers went up by five percent to a new record high of $26.9 billion last year from $25.61 billion in 2015, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. “Cash remittances in 2016 continued to increase on the back of improving global economic conditions,” BSP Deputy Governor Diwa […]
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