Chinese leader seeks wider BRICS coverage

XIAMEN CITY – Chinese President Xi Jinping has called for broader coverage of BRICS cooperation to increase its global influence and deliver more tangible benefits to the people of other emerging market and developing countries. Speaking at the opening of the BRICS Business Forum in Xiamen on Sunday, Xi said the BRICS will usher another golden … Read More

PSEi starts week up, peso barely flat vs. USD

MANILA – – An enhanced investors’ risk sentiment boosted the Philippines’ main stocks gauge on Monday to the 8,000-level but the peso remained almost flat against the US dollar. The Philippine Stock Exchange index (PSEi) gained 0.96 percent, or 76.63 points, to 8,035.20 points. A trader said investors partly considered the positive news in the … Read More

Deal on internet infra, defense equipment signed

MANILA — The Philippine International Trading Corp. (PITC) on August 31 signed a memorandum of agreement with the Department of Information and Communications Technology (DICT) for the procurement of a Wi-Fi infrastructure system in line with the initiative of the government to provide free Internet access across the country. The DICT outsourced the services of … Read More

Johns Hopkins prof: Infrastructure to attract more foreign investments

  MANILA — The Philippines needs to build structures to attract more foreign investments particularly from China, in potential sectors of energy, resources and small businesses. Alvin Camba, a professor at Baltimore-based Johns Hopkins University, underscored the country’s need to build infrastructures “quickly” given the traffic problem especially in Metro Manila. “A lot of economists … Read More

PHP, PSEi end week w/ flying colors

MANILA — Investors’ disappointment on recent slide of US’ initial jobless report fueled both the improvement of the Philippine peso and the main stocks gauge Friday. The local currency finished the week at 50.16 from Thursday’s 50.27, which a trader partly attributed to the slid of initial jobless claims in the US for the week … Read More